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Potential* opportunity for a 3 bedroom at 183 Columbia Heights, Brooklyn
*This is not a listing or an offering. This is an example of a potential opportunity.
Posted on: 11/10/09
Step 1 – the survey
Evaluate, assign and discuss what you think is a fair value for this home; you tell us what you like and you would pay.
the facts
Brooklyn Heights | 3 bedroom, 2 bath | 1700 sq ft | 7 Floors, elevator | 7 total units | School District: 13
the vision
This very well maintained building sits in prime Brooklyn Heights, on an extremely desirable block. What’s more, the property lends itself to large apartments, and the size and layout of the second and third bedrooms are open to multiple configurations. The units would contain beautiful details like pocket doors, and many have spectacular views of Manhattan, the harbor and Lady Liberty herself. The building is currently completely vacant.
the skinny
A History of The Riverview
More Real Than Potential
UPDATE on 183 Columbia Heights
The Walk-Through
the pics
the links
Pierrepont Playground
Harry Chapin Park
Brooklyn Bridge Park
Brooklyn Heights Association
your price
What would YOU pay for a 1700 sq ft 3 bedroom, in this location. Assume your price includes custom finishes, including bathroom and kitchen, chosen by you.
average 3 bedroom price
| Total ($) | $ per sq ft | ||
|---|---|---|---|
| $ |
1,229,516 |
723 |
|
our cost to rehabilitate | |||
| 3,587,500 | 250 | Hard Costs | |
| 789,250 | 55 | Soft Costs | |
| 660,100 | 46 | Management Fee | |
| 5,036,850 | 351 | Total rehab costs | |
our project acquisition price
Your custom 3 bedroom can become a reality if the entire property can be acquired for the price below. Check back on January 31, 2011 and/or follow me on Twitter to see the final numbers.
| Total ($) | $ per sq ft | |
|---|---|---|
| $ |
3,577,357 |
249 |
Step 2 – your home
If you like the idea of being able to customize your new home, then contact Betsy Hoffman at 917-622-3879 or betsy@myhomebrooklyn.com for more details. Using your pricing guidance, we will pursue the redevelopment of the entire project, delivering a product that meets or exceeds the home price you desire. We will contact you immediately if this potential opportunity becomes a reality.
We offer full transparency from property acquisition through unit closing. Let us know if you are interested in learning more about this potential opportunity.
stay informed
click here to be updated on the project’s status.
