-972days left to input your price Potential* opportunity to own a 1 bedroom at 72 Poplar Street, 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 | 1 Bedroom, 2 Bath | 920 sq ft | 4 Floors, elevator | 28 total units | School District: 13
the vision
This building, purchased at auction over four years ago, was once the internal affairs department for the New York City police. It has been fully gutted and currently sits empty, awaiting a grand reincarnation as a building with multiple sizes and kinds of units and eco-friendly construction, including a common green roof. The upper levels have stellar views of Manhattan and the Brooklyn Bridge, and common amenities would include shared community space and bike storage.
the skinny
the pics
the links
Cadman Plaza Park
Harry Chapin Park
Brooklyn Bridge Park
Brooklyn Heights Association
your price
What would YOU pay for a 920 sq ft 1 bedroom, in this location. Assume your price includes custom finishes, including bathroom and kitchen, chosen by you.
average 1 bedroom price
| Total ($) | $ per sq ft | ||
|---|---|---|---|
| $ |
621,750 |
676 |
|
our cost to rehabilitate | |||
| 9,693,000 | 300 | Hard Costs | |
| 2,132,460 | 66 | Soft Costs | |
| 1,777,050 | 55 | Management Fee | |
| 13,602,510 | 421 | Total rehab costs | |
our project acquisition price
Your custom 1 bedroom can become a reality if the entire property can be acquired for the price below. Check back on September 21, 2010 and/or follow me on Twitter to see the final numbers.
| Total ($) | $ per sq ft | |
|---|---|---|
| $ |
3,865,962 |
120 |
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.
