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Home Buying in Kensington & Parkville : Real Estate Advice

  • All61
  • Local Info12
  • Home Buying12
  • Home Selling3
  • Market Conditions2

Activity 9
Wed Dec 2, 2015
Kathy Burgreen answered:
@Jamie Chambers - "USDA is a ..100% home loan program for teachers purchasing in qualified location" Sorry, but this is NOT TRUE. USDA is a mortgage product that allows ANY financially qualified borrower to finance a property in designated areas with no down payment required. USDA is not specifically for teachers.

Teachers who belong to unions (all 50 states) are provided member benefits from their unions and their union partners with 1 or more lenders who will provide discounts and/or additional services for union members. Most mortgage lenders don't know about this and can't compete because they did not partner with the union.

Married to a teacher.
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Thu Nov 13, 2014
Laura Reynolds asked:
Also viewed this property but wasn't given access to the attic, sounds like roof damage. Realistically, this house is not worth over 1 million. Would love more details on this property,…
0 votes 0 Answers Share Flag
Thu Mar 6, 2014
Mitchell Feldman answered:
Dear D.salhany:

There is no property attached to your question. If you want, contact me direct and I can look into it for you and/or discuss other properties in the area. Either way, good luck!

Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
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Sat Oct 26, 2013
Dana Lindberg answered:
Search the internet or talk to a local lender.

Buy a fixer-upper, as is, or a foreclosure with FHA 203k loan and turn it into your dream home. For more details about 203k loan, visit CFS Mortgage and RenovationReady brings together more than 50 years of traditional and renovation lending know-how. ... more
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Tue Jun 21, 2011
David Rogoff and Bonnie Chernin answered:
Per the MLS only apt 7D is available.

I do not see apts. 9KL

Bonnie Chernin and David Rogoff
Fillmore Real Estate Branch #19
2926 Avenue J
Brooklyn NY 11210
917-593-4068 – David mobile
646-318-5031 – Bonnie mobile – E-mail
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Fri May 29, 2009
Alen Moshkovich answered:
Hi Connie,

I'm not sure who Issac & Stern are. I do know that they are based in the city and are small time developers in comparing to Karl Fischer. Karl is a renowned architect who has an impressive portfolio with projects all across Brooklyn, Manhattan and Canada.
I will try to shine some light on what I know about these two buildings in question.
235 Ocean Parkway is more of a neutral condo building in appearance that easily blends into its surrounding area.
I believe it has 12 Residential units and 4 commercial units.
If my information is correct there are only 3 apartments that have signed contracts, and 1 unit sold.
Ceiling height is on the low side with only 8 feet.

601 Ocean Parkway is more of a modern building, a whole different aesthetic. It's also a larger building with 26 apartments out of which only 2 have a signed contract and 3 have an accepted offer which may or may not lead to a contract. It has a 14 car garage, storage area among other amenities.
These apartments are slightly smaller than in the 235 building and 2 bedrooms are also more expensive in 601.

Connie, you have to decide if you prefer to live in a building that’s larger or smaller. Are amenities important to you? Do you like the block the building is sitting on? One has a garage while the other does not, and if you live in Brooklyn Kensington area, you know that it's not always easy to find parking during the day. I used to go to Kensington Aerobics and Fitness on East 2nd, across from Mobile Gas Station. I know firsthand how stressful it can be.
It's a very nice area; I sold a Coop on Ave C and Ocean Parkway last winter and my client loves it.
Being that these two buildings are new developments, majority of banks require 50% of the building to be sold before they will consider lending to a purchaser. Other banks require as much as 75% of the building to be sold before lending. All of this will come into play. It may be that these buildings have been pre-approved by a lender already, which will ease the process considerably.
235 Ocean Parkway has 4 commercial units for sale. Banks tend to look at that under a negative light.

Connie, feel free to reach out with any other questions.

Kind Regards,
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Tue Oct 9, 2007
Pam answered:
I live off of Courteyou (off CIA) and have a toddler. I think this is a great area for kids. There is a fantastic network on yahoo called Flatbush Family Network. The schools are good. Crime is low. Near Q/B and not too far from the F (which I take). Can get to Prospect Park or the Parade ground playgounds.

I think if you spend a Saturday afternoon with a stroller in the neighborhood, you will find it very family friendly.

Good luck!
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Mon Apr 23, 2007
Sonni Woodbury answered:
Working with a good mortgage broker is crucial to determing how much home you can afford.
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Mon Apr 23, 2007
Sonni Woodbury answered:
One should make an offer based on the property that is being considered. If feasible, find out what recent comparable homes sold for in the neighborhood or on like blocks. If the asking price is fair, then your offer needs to be reflective of that--as the seller is looking for market value. ... more
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