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272 Greene Avenue
Brooklyn, NY 11238
Lucy Perry with Compass, original listing -
$5,250,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
3300 Square Feet
Property Description
272 Greene Avenue in Clinton Hill is more than a 3300SF, 5-story townhouse with parking. This is a stunning contemporary architectural solution to a corner lot in Brownstone Brooklyn. Conceived and designed by the award winning Swiss architect In s Lamuni re, the 2-family townhouse is white stucco with windows stretching the length of each facade as one ascends the house.. - from the first floor interior courtyard, then Greene Ave, then Classon Ave, and finally looking north onto the top-floor roof terrace. Concrete floors and stairs finished with a white epoxy, white plaster walls, and floor to ceiling windows make up the modern and minimalist spaces of this townhouse. (details about the heating, central air and windows). The lower unit duplex studio wraps around the inner courtyard which draws light and sky views to the both levels. Unit two occupies the upper triplex. There is a garage next to the Greene Ave entrance but could be used by either unit. One enters the lower unit from Greene Avenue onto a covered walkway which overlooks the courtyard and allows separation from the street. The 28 x 15 living space with a clean wall of kitchen appliances overlooks the courtyard with a full bathroom tucked behind. The lower level wraps around the courtyard with floor-to-ceiling windows giving plenty of natural light to the two rooms facing the outdoor space. This floor also has a walk-in-closet, a half bath and a washer dryer. The upper triplex entry is off Classon Ave. Up one flight of stairs to a floor of two bedrooms with windows overlooking Greene Ave and a full bath. Ascend to the large living space above with the wall of windows now framing the urban view of Classon Ave. A minimal kitchen and half bath plus W/D complete this floor. The top floor is cut to create a triangular interior studio and full bath looking out onto the triangular roof terrace. The two units can be combined to occupy the house as a one-family.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Townhouse
Year Built
--
MLS Number
--
Location
Address
272 Greene Avenue
City
Brooklyn
State
NY
Zip Code
11238
County
KINGS (NORTHEAST)
Listing
Provider
Name
Phone
(212) 913-9058
Office Name
Office Phone
Agent Name
Lucy Perry
Agency Phone
(646) 586-8268

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.