Home Buying in Park Slope>Question Details

Jeanette, Other/Just Looking in New York, NY

Is it possible to get a 2 family in Park Slope for $1 million?

Asked by Jeanette, New York, NY Mon May 25, 2009

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Jenet Levy’s answer
I have lived in Park Slope and remember well the days when you could, but frankly the answer is no. Brownstones and limestones in the Slope are over $2 million. Please beware of what people may call the Slope. You can get closer to your price range in a few surrounding areas, or perhaps a frame house with aluminum siding and needing lots of work in the far reaches of the South Slope (high street numbers, low avenue numbers). People are advertising as Park Slope addresses that clearly are not....so beware. I see it often in OLR, the main agent database.
0 votes Thank Flag Link Sat Jun 13, 2009
It is possible, depending on the type of property, exact block location and the motivation of the seller. Check the mls at http://www.bnymls.com and http://www.mlsli.com.

Thank you,

Rhonda Holt
Full Time Top Sales Agent in Brooklyn
Weichert Realtors, H.P Greenfield
Brooklyn, NY
Personal Site: http://www.KandHhomes.com
Email: HelpMeRhonda1919@yahoo.com
*JOIN ME FREE ON TWITTER.COM AT: http://www.Twitter.com/HelpMeRhonda09
Web Reference: http://www.bnymls.com
0 votes Thank Flag Link Fri May 29, 2009
HI Jeanette,

Right now I am looking at a two family 2,040 square feet, almost 18 foot wide house. Private back yard and has renovated baths. It's currently listed at $749,000.

There is also a two family 1,740 square feet 16 foot wide by 30, smaller thats priced for $700,000.

Would you consider looking in Sunset Park?
0 votes Thank Flag Link Fri May 29, 2009
Dear Jeanette:

It is possible but it also depends on where exactly in Park Slope you want to be. In the "heart of" Park Slope is would be next to impossible, but if you are willing to go anywhere in the neighborhood there are definitely homes to be had for under a million.

Also bear in mind that condition is a factor. If you are willing to take on major repair work, that will broaden your horizons. I have a listing right now that is a legal 2 family on 17th Street between 7th & 8th Avenue that is selling for under $600,000!

If I can be of further assistance, please let me know.

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Tue May 26, 2009
At the moment there seems to be any on the market. But if you call
my office I we be on the look out for you.
If you have additional questions or need an agent feel free to call and direct them to me.
My Direct # 347-813-1290.
Here is my website http://fajardodelacruz.realtors.officelive.com
or my e-mail delacruz.fajardo3@gmail.com
Hope to hear from you soon.
0 votes Thank Flag Link Tue May 26, 2009
There are 11 sales under 1 Mil in zip code 11215.

In 11217 there are no real sales under 1 million for 2 families. There was 1 3 family and 2 4 families that sold under 1 million.
0 votes Thank Flag Link Tue May 26, 2009
Hi Jeanette,

It is possible, but right now on the Brooklyn M.L.S. there are only six 2 family homes in Park Slope availalbe. Two of those are under $1 million, and there is one just above $1 million. Much depends on the condition and location, and there are probably boutique firms that have more homes available that are not included in the M.L.S.

Another neighborhood you may consider is Windsor Terrace. It is an adjoining neighborhood to Park Slope and is also very desirable.

If you are interested in seeing a property in Park Slope or you have other neighborhoods in mind, please give us a call at 917-593-4068 and we can talk more. We know the Slope and Windsor Terrace quite well and would be happy to show you some properties in your price range.

Good luck!

Best regards,

Bonnie Chernin & David Rogoff
Coldwell Banker Mid Plaza Real Estate
Web: http://www.BestHomesInBrooklyn.com
E-mail: david@BestHomesInBrooklyn.com
0 votes Thank Flag Link Mon May 25, 2009
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