Wednesday, March 4, 2015

Back on the Market at 16th

At the end of last year, the tiny house at 115 16th Street (at left, above) was listed for sale at $1,200,000, and then reduced to $1,149,000.  I looked at the sale, in my usual amateurish way, and concluded that any potential buyer might be put off by the er, perilous state of the adjoining building. I also noted its dubious sales history. And I was sad to see how this pair of houses, favorites of mine, had been treated over the years.  You can see pics and info for 115 here, and here.

Seems like there were no bites for the "sweet and cozy, completely renovated" house, because 115 and next-door 117 are now for sale as a development site, with a new broker, Cushman & Wakefield/Massey Knakal.  Asking price?  $2,500,000. The houses sit on a 30 foot wide lot of irregular depth, which goes back 78 feet at its deepest.  Interestingly enough, the dimensions of the lots seem a bit different from those I had found last year, but I'm assuming these are more accurate.

It's gold-rush time in this area of Fourth - blink and you've missed another rapacious development move.  These two buildings are close to the avenue, so watch out for more transactions.

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