Keith,
A percentage of the rental income is added to your income. 75% of the rent is for a 2family only. It goes down with the amount of units since it is more of an investment. If you haven't found a lender yet feel free to call me at 631-553-8255... more
I'm very positive about Clinton Hill for a number of reasons:
the several colleges there constantly bring new students, faculty and staff; the Brooklyn Navy Yard revitalization is bringing new business to the area; and the subway station has recently been improved; and the bus lines are very handy.
All of this brings in fun restaurants, shopping, and other services. Myrtle Avenue is delightful, and the Clinton Hill Historic District helps ensure the area will always be desirable to those who love to walk around and admire architecture (like me). These things all help make for a lively real estate market there.
Oh, and another great thing about Clinton Hill is that it's a great place for car owners--you can actually find parking there!
For your situation, you should also know that there are a number of buildings that accept 10% down, no problem, and that have very relaxed expectations when it comes to the board interview. They accept parents buying with children, for example, without hesitation.
The only caution I have, which applies everywhere in New York City, is that you can't assume you will obtain permission to rent your co-op at will from the co-op board. You just cannot assume it's a slam dunk. Even if the policy is relaxed when you purchase, it could change during your ownership time. Co-op boards have a lot of power to do things that they feel protect the building's best interests.
I've worked quite a bit in Clinton Hill, and if you'd like help there, please let me know!
Karla Harby
Licensed Real Estate Salesperson
Rutenberg Realty
212-688-1000x146
kharby@crrnyc.com... more
You are right. In fact, in just the time it took for you to write your question, the price of a 1BR co-op in Clinton Hill dropped to $225,000. It's right here: http://tinyurl.com/6mfspoe And it's not Adolphus' listing - this one is an owner-sell only.... more
The area around Pratt Institute is safe, full of interesting people, great restaurants, and quiet. Prices are really low too. For instance, here's my 1BR co-op, directly across the street from Pratt, great for a student or teacher, for only $225,000 direct from a seller. Have a peak: http://tinyurl.com/6mfspoe
Open houses May 8 and 12 from 12 noon to 5PM or call my office at 914-378-8000 ext. 22 for an appointment.... more
I'm selling a 1BR, 1BTH for $225,000 at 195 Willoughby Street, across street from Pratt Institute, but my neighbor Betsy, has a 2 BR with terrace for about $265,000. Street parking, safe, great neighborhood full of students, professors and artists. See http://tinyurl.com/6mfspoe for a sample.... more
Since no link is visible, consider working with an agent of your own; he/she can provide suitable listings, any necessary information, schedule showings, etc.; if looking at RealtyTrac ads, keep in mind that the information may not always be accurate, nor updated, some of those properties may not be for sale yet, and some may never be.... more
Yes, there are a couple of rentals available as of this morning, studio apartments in walk-up buildings. You won't be in by Oct 1 but you could get an application going this weekend. Contact me if you're still looking ~
Karla Harby
Licensed Real Estate Salesperson
Metropolis
karla.harby@gmail.com... more
Most buyers prefer to have the property delivered to them vacant. Your furniture will not give the coop a higher value. I believe you should concentrate on marketing the property vacant. I also suggest that when showing the property you can always ask the potential buyer if they are willing to keep the furniture, if they agree you can negotiate a price.... more
Hello, if you plan to do this simultaneously then I suggest you have a plan for getting the home sold quickly. Let me ask, is there a reason why you cannot live in the two family home until you sell and then find an apartment just before you're about to close?
Why are you renting and trying to sell at the same time?
I have done many deals where the home owner needs to sell their home and buy another and there's alot of details that go in to a deal like that.
I feel like I need more information to give you a clear and concise answer. My number is 646-725-5941.... more
Clinton Hill's Tessan boutique, "a contemporary menโs and womenโsโ accessories shop conceptually inspired by the small communities of Senegal," is closing. The shop's last day of business will be
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The bizarre and often sordid saga of Broken Angel in Clinton Hill, which began with a blaze a couple of years ago and continued with a scheisty sounding redevelopment scheme to ostensibly save the building
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Below is a link to recent sales in the area. Not too sure why no sales come up for 415 St. Johns, may be because it is a new construction or the sales have not been recorded yet?