Based on comparable sales in the area the value for a 4 family home in this area could vary from $1,500,000 up to $2,500,000 depending on the size and condition of the property. As an example, here are some recent sales in the area:
1) 396 Sackett Street sold on 2/18/10 for $2,005,000
2) 235 President Street sold on 12/17/09 for $2,100,000
3) 84 2nd Place sold on 12/23/09 for $1,600,000
4) 32 1st Place sold on 3/12/10 for $1,675,000
I am very familiar with the area as one of my offices is located at 53 Douglass Street (right off Smith). If you need a more precise estimate of this property's value I would need to find out more information and/or view the property. If you are thinking about selling or looking to purchase a property in the area, I would love the opportunity to help you! Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Cellular: (917) 805-0783
You can also maximize value by doing a few upgrades and filings.
Is this building still being used as 4-family or has it been converted to a single family residence?
Nord-East Realty Group, LLC
It's hard to say without knowing the condition of the property.
A good place to start is to take a look at what has sold and what hasn't sold recently.
If it sold, it was priced right. If it didn't, it may have been priced too high.
Of course there are other factors, such as marketing...but that would be a good place to start.
If you would like more information, I would be happy to take a look at the the property and give you detailed information in writing.
Feel free to contact me at your convenience.
Licensed Real Estate Salesperson
Weichert, Realtors - The Franzese Group
And it would be ill- advised of any appraiser to start shooting numbers at you from the hip.
The process involves some time and some real effort, so anyone who wants to give you a relatively firm number from their office chair is not giving you information you should rely on.
Good luck with your endeavor.
I posted my blog article on choosing a Realtor to buy or sell!
As few of my counterparts stated, it is difficult to say without seeing this project. It is best to set-up appointments with qualified real estate professional to give a free market analysis of this property. Make sure it is FREE and without any obligations. During that time, conduct interviews and pick the best. Probably you may sell sooner than later.
My office is a few blocks away from you.
We specialize in properties in that area.
I'll give you a free appraisal, no obligations.
Give me a call Mary!
My name is Luke
396 Sackett St Brooklyn NY 11231 03/03/2010 $2,005,000 3,528 .03331 Walkup Apt 4 Family
84 2nd Pl Brooklyn NY 11231 01/12/2010 $1,600,000 3,375 .32287 Walkup Apt 4 Family
32 1st Pl Brooklyn NY 11231 03/22/2010 $1,675,000 3,000 .395778 Walkup Apt 4 Family
155 Bergen St Brooklyn NY 11217 08/17/2009 $1,880,000 3,171 .403829 Walkup Apt 4 Family
52 Strong Pl Brooklyn NY 11231 04/16/2010 $1,500,000 2,835 .419083 Walkup Apt 4 Family
82 Woodhull St Brooklyn NY 11231 08/27/2009 $1,200,000 3,600 .492413 Walkup Apt 4 Family
150 Nelson St # 2 Brooklyn NY 11231 11/05/2009 $800,000 3,500 .500696 Walkup Apt 4 Family
632 President St # 4 Brooklyn NY 11215 11/19/2009 $800,000 3,060 .65232 Walkup Apt 4 Family
353 6th St Brooklyn NY 11215 03/11/2010 $450,000 3,250 .838464 Walkup Apt 4 Family
179 6th Ave # 4 Brooklyn NY 11217 08/12/2009 $41,250 3,528 .86252 Walkup Apt 4 Family
225 Garfield Pl # 4 Brooklyn NY 11215 04/16/2010 $2,050,000 3,240 1.040244 Walkup Apt 4 Family
481 4th St # 4 Brooklyn NY 11215 04/08/2010 $2,550,000 2,748 1.096128 Walkup Apt 4 Family
256 Cumberland St Brooklyn NY 11205 03/09/2010 $999,000 3,630 1.120008 Walkup Apt 4 Family
174 Washington Park Brooklyn NY 11205 03/22/2010 $825,000 3,084 1.219768 Walkup Apt 4 Family
311 Adelphi St Brooklyn NY 11205 11/25/2009 $1,925,000 2,970 1.23716 Walkup Apt 4 Family
601 6th St # 4 Brooklyn NY 11215 09/16/2009 $2,257,500 3,130 1.263633 Walkup Apt 4 Family
388 Sterling Pl Brooklyn NY 11238 10/09/2009 $1,700,000 2,982 1.480435 Walkup Apt 4 Family
86 Waverly Ave Brooklyn NY 11205 12/09/2009 $870,000 3,000 1.572127 Walkup Apt 4 Family
109 Hancock St Brooklyn NY 11216 08/31/2009 $355,000 2,940 2.139331 Walkup Apt 4 Family
716 40th St Brooklyn NY 11232 03/16/2010 $675,000 3,236 2.346207 Walkup Apt 4 Family
You're received many excellent answers here, and of course the condition of the property is always key, as is the location. It's impossible to give you an exact cost without doing a home evaluation. Even then, remember it's only an estimate. In the end, the final value is whatever a particular buyer is willing to pay for your home at a particular time.
I do concur with Alen; I checked Realist and your name does not come up as the owner. Are you considering buying a home similar to this one, or are you selling? Whether you are considering buying or selling a home in Carroll Gardens, please give us a call and we can help you. Our number is 917-593-4068.
Bonnie Chernin & David Rogoff
I would like to ask you a question.
The name of the property owner for this address doesn't match yours; this could be due to incomplete information registered on the source site which I used to get this info.
Are you asking because you are thinking of placing 393 Union on the market, or are you a buyer and want to know what it can go for if you put an offer on it?
If you are planning on selling, it will depend on the condition and finishes of this townhouse. Will it be delivered vacant or with tenants in place? If someone doesn't want a four family home, instead wants to convert to three, two or even one, how much work and effort would one need to put into this project.
If on the other hand you are thinking of buying this property and simply like the building or overheard it may be up for sale. Ultimately it may not matter what it can sell for, it may depend on how much the seller is willing to accept if they ever consider selling.
Looking forward to your feedback.
If you are considering selling your property or need a comprehensive free market evaluation, please feel free to contact me. I live behind you at 404 Sackett and am in charge of sales for Brownstone Real Estate at 268 Court Street. I have a great deal of experience selling in our wonderful neighborhood and a proven track record.
Your building is similarly sized with the house on Sackett that recently sold for $2,005,000, but we would need to assess the interior condition to put a truly accurate price for sale. The Sackett Street house is a two family in excellent condition. Even so, the new owners are doing a farily extensive renovation.
Gigi (Janet) Zimmerman
Director of Sales
Brownstone Real Estate
will be more then happy bto help Please DON'T HESITATE ...
CALL US TODAY if you have any questions!
Licensed Real Estate Agent
Century Homes Realty Group LLC
Direct Line: 347-932-0609