how much would 393 Union Street cost if I would sell it today?

Asked by Mary, Carroll Gardens, Brooklyn, NY Tue May 11, 2010

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Mitchell Feldman’s answer
Mitchell Fel…, Agent, Brooklyn, NY
Tue May 11, 2010
Dear Mary:

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
1 vote
David Zybin, , Brooklyn, NY
Tue May 11, 2010
Your building should sell for $1,500,000 to $1,700,000 depending on overall condition and marketing time.
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?


David Zybin
Broker/ Owner
Nord-East Realty Group, LLC
718-496-9400 tel
718-228-8300 fax
1 vote
Janine Acqua…, Agent, Brooklyn, NY
Tue May 11, 2010
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.

Janine Acquafredda
Licensed Real Estate Salesperson
Weichert, Realtors - The Franzese Group
(917) 584-7685
1 vote
Donna, Other Pro,
Tue May 11, 2010
These days, many people are in the 'business' of estimating value, but if you want a well supported, well documented estimate of market value accepted by banks for transactional purposes, you want an appraisal.

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.
1 vote
Charles D'Al…, Agent, Brooklyn, NY
Thu May 13, 2010
As you can see there are many answers to the same questions. My advice is to choose a Realtor or three interview them as to their knowledge ,experience and ability and make a choice a good Realtor can make a huge difference. Never choose a Realtor on price and commission. Choose a Realtor on Ability.

Good Luck!

I posted my blog article on choosing a Realtor to buy or sell!
0 votes
Pierre S King…, , Brooklyn, NY
Thu May 13, 2010

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.

Good Luck!
Web Reference:
0 votes
Luke Constan…, Agent, Brooklyn, NY
Wed May 12, 2010
I can give you a full market comparison of what has sold in that area similar to yours.
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
(212) 300-3919

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
0 votes
David Rogoff…, , Brooklyn, NY
Wed May 12, 2010

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.

Best regards,

Bonnie Chernin & David Rogoff
0 votes
Alen Moshkov…, Agent, Brooklyn, NY
Tue May 11, 2010
Hello Mary,

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.
0 votes
Janet "Gigi"…, Agent, Brooklyn, NY
Tue May 11, 2010
Hi Mary,

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
0 votes
Charles D'Al…, Agent, Brooklyn, NY
Tue May 11, 2010
Hello Mary, Are you the owner of the property ? And are you asking for a Market Price Evaluation? The property as my fellow brokers has stated has a high value. For anyone to give you an accurate market price they would have to inspect the property. Below is an article from my Brooklyn Real Estate Blog titled, Setting the Right Selling Price for Brooklyn Real Estate
0 votes
Fajardo Dela…, Agent, Flushing, NY
Tue May 11, 2010
just request For A Free Home Evaluation Today.Any local agent
will be more then happy bto help Please DON'T HESITATE ...
CALL US TODAY if you have any questions!

Fajardo Delacruz
Licensed Real Estate Agent
Century Homes Realty Group LLC
Direct Line: 347-932-0609
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue May 11, 2010
In order to determine a value, you need to be aware of recently sold similar properties in the immediate area--after reviewing the data a determination can be made as to a fair price--Keep in mind that in today's market pricing and marketing involving maximum exposure are paramount.
0 votes
Jack Menashe, Agent, Brooklyn, NY
Tue May 11, 2010
Hi Mary:
Please email me & I would be happy to send you a complete CMA (comparative market analysis) at no cost. Best of luck!

Jack Menashe
0 votes
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