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LOL, people its 2600 sq ft in NEW YORK CITY. It's a total to the studs rehab, but having that much space in the city does cost that much. Many of New Yorkers, if they own, live in co-ops or condos (that cost a lot too) unless they purchased when RE was really really cheap (i.e. family home passed down), so a home - let alone a 2600 sq ft home - does command that much. fresh meadows is also a decent neighborhood too, so expect to pay even more.
THIS POSTER GETS IT. I live in Ohio now. A house like this is worth the property, and convenience.
For some people, proximity to Ocean beaches and Manhattan trump everything else.
For others, living in the woods by a lake or a stream are their dream.
THIS POSTER GETS IT. I live in Ohio now. A house like this is worth the property, and convenience.
For some people, proximity to Ocean beaches and Manhattan trump everything else.
For others, living in the woods by a lake or a stream are their dream.
LOL, yeah, I'm from New York City and live in Texas now. People comparing their homes from other states to New York City is not truly a comparison. Like it or not, NYC real estate will always be in another stratosphere. I know that first hand. I was lucky enough to buy a condo in the boroughs for 85,000 23 years ago. There was a coop I was also considering that was "high" at $119,000 located in the 100s and Riverside (Manhattan!). My condo sold for over triple what I paid seven years later and the Manhattan one? Well just guess. That was during the real estate crash in the 90s...NYC real estate will never be that affordable again.
Meanwhile, in my nice leafy suburb of Austin, I have a half acre lot with a 3700 sq ft house, valued less than the shack that is the subject of this thread. As far as Im concerned, I'm in heaven, but love it or hate it, it is what it is when it comes to NYC real estate. There is a severe shortage of land, unlike Texas, Nevada, or whatever have you state.
Looks like it was a hoarder house. I've fixed up some houses in my time, but I don't think I could live in a hoarder house. Bad juju.
Looking at property records, it was sold in 2005 to "DGC Realty LLC" and was cited in 2018 for "some sort of business" operating in a residential zone and for having depleted tanks of hydrogen on the premises.
THIS POSTER GETS IT. I live in Ohio now. A house like this is worth the property, and convenience.
For some people, proximity to Ocean beaches and Manhattan trump everything else.
For others, living in the woods by a lake or a stream are their dream.
The issue is that comparable properties on better lots nearby (that might actually be habitable) are selling for less. It doesn’t take anyone to *get* it because they live in NYC. You just have to look at the comps to see that the lot is an awful shape that makes it less desirable for investment than a more standard shaped lot.
There is no way it can have two single family homes on that lot as it is a flatiron shaped lot. It might be possible to fit two townhouses, but I think that would be a hard sell with the shape of the lot.
There is plenty of room with minimal side yard requirements. Think outside the box, think of a triangular box!
The question is, “Would you buy this house?” No. I know a whole lot of people leaving NY (city proper and upstate too). But. Someone will come along and buy that. Crazy.
A property is worth only what someone is willing to pay for it. In that case the value is in the land (postage stamp lot that it is).
A friend’s parents passed on leaving her their almost-unlivable, broken-down 1930s bungalow house in a very hot area of Boulder, CO. It was a total scrape off and Boulder has strict footprint requirements for rebuilds. Even so, it sold for 7 figures.
you know what i can get in texas with that kind of money, smh
ny what would a good version of that house go for?
the bath would be great for a quick low budget horror movie shoot
I'm pretty sure you can get an absolutely gorgeous place in Texas for that kind of money , even in the pricier markets. Close to $1M gets you a gorgeous house in most places in the country. When I traveled to Houston for my job I was amazed by how inexpensive houses were down there.
I can get a mansion right on the lake for that money here and have some left over to furnish it
Totally agree that place would be perfect for a horror movie set. All you need is an evil clown lurking in that bath and voila!
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what would a good version of that house go for?
