Compound

1. »
   22 October 2010 · 01:58 PM ·

   The cat’s out of the bag! We made an offer on a place!

   We’ve been keeping the posts on our search somewhat vague because: a) we didn’t want to jump the gun, and b) we didn’t want competition on promising leads. 

   As of 6 weeks ago, we were all set to make an offer on a different property, but the longer we waited for our financing to come through, the less sure we were about the property. This place needed significant work, although not a total gut rehab. The location is less than ideal, but it is in Red Hook, where we all want to stay. It had 3 equal apartments that are sizeable enough, but no extra space for studios. The property had the option to buy an adjacent vacant lot, on which we could have built a studio building. However, the longer we thought about it, and the more we saw other places, the less promising it looked.

   The building we made an offer on is a building we looked at in the beginning of our search, but eliminated mainly for one reason. We even wrote about why we rejected it in one of our earlier posts! Funny, isn’t it? After much thought and a second look, I have to say that this building has everything except one thing, and in the end, that one thing wasn’t enough to keep us from making an offer: it’s not in Red Hook.  It pains me to say that, but we decided this building is unique enough that we are willing to leave the neighborhood I’ve come to love so much (we all have). It pains me even more because I think Red Hook could be so much more, and such a better place to live, if only there was a little more available housing. To the people who own vacant lots in Red Hook and won’t sell them: You are holding Red Hook back for your own selfish fantasy that you’ll cash in big one day. 

   So, without further ado, I introduce you to our house in Wallabout! (see photos after jump)   

   

   Front facade

   
   

   

   kitchen and LR area, appliances are not in yet

   
   

   

   typical bedroom, faces the rear yard

   It’s a brand new 3 Family building. Each unit is approximately 1300 sf, and has 2 BR, 2BA, office, LR, kitchen, and a laundry/mech room. There is a full finished basement with a half bath that we’ll use as studio space. The back yard is a decent size and is terraced. There are a few things we’ll change right away, such as the front doors, the exterior railings, and the exterior light fixtures (all yucko), and we plan to enclose the driveway with a fence or low wall to create a front garden and provide a buffer zone between the first floor and sidewalk. The back yard also needs landscaping. But other than those cosmetic things, this house is ready to go! 

   Our offer has not been accepted yet, and we still have to finalize our financing and come up with a 20% downpayment (ouch!), so this is not a done deal, but the realtors are fairly confident that our offer will be accepted.

   Now we just have to come up with a name for our compound. Maybe Dragon Palace 2? I don’t know, what do you think?

   The Hunt Brooklyn Real Estate

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