Back in February 2016, the long neglected four-story brick townhouse at 351 Union Street right next to Smith Street Deli was being marketed by Douglas Elliman as a handyman special and "an investors dream come true."
It had first come on the market for $2,8000.000 a few months earlier, before the price was lowered to $2,6000.000 and then $2,5000.000. It finally sold a year later for (only) $995,000, according to Zillow. That is quite a steep discount.
The new owner has begun renovation on the townhouse. According to the permit, the work involves a "gut renovation to turn the existing building from a four family to a two family with a new rear extension and deck."
It's nice to see this old home get the attention it needs.
What do you think of the discounted price?
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It's nice to see this old home get the attention it needs.
What do you think of the discounted price?
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