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Combine, renovate, flip?

Started by 30yrs_RE_20_in_REO
about 2 years ago
Posts: 9876
Member since: Mar 2009
Discussion about 874 Broadway 301/401
301 was purchased for $2,495,000 401 was purchased for $1,537,000 Total $4,032,000 "Year long renovation." On market 12/11/2017 $6,250,000. Now asking $3,250,000.
Response by steve123
about 2 years ago
Posts: 895
Member since: Feb 2009

Someone needs to explain the bathroom situation in photo number 8 to me.
Described as 'an exposed internal wall' like.. why? Who wants this? It's exposed brick but worse.

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Response by MTH
about 2 years ago
Posts: 572
Member since: Apr 2012

It looks like exposed cinderblock :/ That might work in a utilitarian bauhaus structure but looks like a glaring mistake here. The whole place feels too designy. Great bones though - may it find a contented buyer.

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Response by 30yrs_RE_20_in_REO
about 2 years ago
Posts: 9876
Member since: Mar 2009

I knew the prior owner of 401. The aesthetic is a carryover from when she owned it. If you think it looks odd in pictures, I assure it wasn't any better IRL.

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Response by front_porch
about 2 years ago
Posts: 5312
Member since: Mar 2008

Don't have a buyer for it with this maintenance, but love, love, love.

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Response by stache
about 2 years ago
Posts: 1292
Member since: Jun 2017

Yikes.

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Response by truthskr10
about 2 years ago
Posts: 4088
Member since: Jul 2009

Building just went thru extensive facade repairs. I wonder if they assessed everyone with a lump sum, payment plan, or mortgage.
Very ornate sections, future facade repairs will be pricey.

It also got an F grade for building emissions though that low a grade could also mean they didnt file a report.

BTW George, that facade report on that building you were tracking is up. The verdict is SWARMP (safe but needs repairs). THey can either put up a shed and fix them or put off the repairs for next inspection and required to fix them then.

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