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Old 08-07-2011, 03:02 PM
 
90 posts, read 102,735 times
Reputation: 72

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Is it possible to find one for under a mil? Sorry I know nothing about nyc real estate.
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Old 08-07-2011, 03:07 PM
 
Location: New York City
396 posts, read 1,058,374 times
Reputation: 372
Depends on where you want to be. I can honestly say that there are no brownstones under a million in places like Park Slope, Brooklyn Heights or anywhere close to the city. If you don't mind venturing into Bedford Stuyvesant, I know my friend at Corcoran just bought a brownstone last year for 800k. All though, it did need a tad bit of work.
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Old 08-07-2011, 03:15 PM
 
4,925 posts, read 7,055,997 times
Reputation: 4350
18 kadrillion US dollards
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Old 08-07-2011, 05:18 PM
 
Location: Washington, DC & New York
10,830 posts, read 26,341,583 times
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In decent shape, it would be closer to $2M, and up, for a Brooklyn brownstone in a stable area. The value can be deceptive, since it depends as to whether or not the house is built-out. Some may not have used the available space that can be developed on the lot, so it could potentially be expanded, which can account for a seemingly smaller house carrying a price tag that's closer to a larger one that cannot have as substantial an addition.
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Old 08-07-2011, 06:27 PM
 
Location: New York City
198 posts, read 596,636 times
Reputation: 103
Depends on the area and the condition of the house. I've seen brownstones for sale in Bed-Stuy at 500k, as well as some in Park Slope for over 2 million.
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Old 08-07-2011, 07:07 PM
 
Location: Putnam County, NY
550 posts, read 1,780,233 times
Reputation: 411
And let's not even discuss Brooklyn Heights. I can't post a price because this board prohibiys obscenity. Those who bought in Brooklyn Heights after WWII, when the neighborhood was in "decline" made multi-multi millionaires out of their families. If only we could all have that kind of foresight.
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Old 08-11-2011, 10:19 AM
 
Location: Manhattan
21,401 posts, read 28,196,671 times
Reputation: 9695
Quote:
Originally Posted by availableusername View Post
18 kadrillion US dollards

You got a plus from me.

(I'd have said $47 MILLION...needs work. Maybe that would work for a Saudi Prince!)
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