Monday, May 12, 2014

Real Estate Monday: Another Henry's

Back on 9th between Second & Third.  152 9th, a six family with two stores, has just gone on the market for $2,199,000.

"Tremendous Investment Opportunity. Brick 6 Family Plus 2 Stores in Prime Park Slope Location. 1 Store Will Be Delivered Vacant, Other Store Has No Lease. One Apartment Has No Lease. Current Annual Income Only From Apartments Is $74,316. Projected Annual Income With Stores Is $146,316." (NY Times - ReMax)

Gowanus, not Park Slope, but certainly a prime location these days.  There was an  Alcoholicos Anonimos center operating here not too long ago, and before that there was a grocery store.  The other store is Henry's barbershop, still open as of now.

Down the rabbit-hole of New York real estate, what prices makes sense? In comparison to two million on 9th Street, fifteen million for the 50,000 plus sq. ft. Clock Tower in Long Island City , a 1927, 14 storey jewel that was once the tallest building in Queens, seems like chump change.

Greater Astoria Historical Society

You can read more about the Bank of Manhattan Tower  ("Clock Building") & get a better look at those clock faces over on Mitch Waxman's excellent blog Newtown Pentacle .

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