Wednesday, July 19, 2006

Prodigal House For Sale Pick - $650,00 (St. George)


A gorgeous historic building but there is good news and bad news. I'll start with the good news: The building is across the street from the water and at the edge of the waterfront park with a very short walk to the ferry. Offers views of the water. Large backyard. I'm told that details are still intact but I have not viewed the interior. It is a 3-family so you can rent out 2 apartments and live in the other until you have more money. (Rent roll is about $1000 per apartment - not great but it helps.) Westervelt is a very up-and-coming street with lots of young professionals moving in. And the bad news: You only get half the building (I hate when they do that). Behind the building there are projects. Westervelt Ave. at Richmond Terrace. Contact: Anthony at Island Wide Realty, 718-909-7940 or 718-447-2100.

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