Skip Navigation
StreetEasy

Sale at 24 Remsen Street

Started by deanc
over 15 years ago
Posts: 407
Member since: Jun 2006
Discussion about 24 Remsen Street
hmmm mortgage payments on 10m = 600k a year (assuming you have the 4m + closing costs to put down) net income on rental = 300k a year (lol of course this amount will go down should you decde to actually live in one or more of the apartments) = a little over priced i think. (you think...?)
Response by maly
over 15 years ago
Posts: 1377
Member since: Jan 2009

Looking at the selling history, there are lots of silly decisions over the years, so this is just one more. Tried to sell pre-renovation, tried to go condo post-reno, now trying to sell the entire project for 25% over the unit prices. It's hard to understand the reasoning sometimes.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. the kids aren’t buying
    22 Comments
  2. Why private school?
    14 Comments
  3. Ken Griffin is upset with Mamdani
    28 Comments
  4. Real estate or Bitcoin?
    3 Comments
  5. Are Park Avenue and/or UES dead?
    12 Comments