😮 Sheesh. That house is actually surprisingly EXPENSIVE — for ~$1.5MM, one could buy a brownstone in Fort Greene, Brooklyn, within spitting distance of downtown Manhattan. Taxes would be under $200/mo most likely.
Great, cute, area, lots of street life, good restaurants, two subway stops in close proximity, easy bike ride to the Manhattan Bridge, etc.
And if one is willing to go a bit further (other side of Pratt, to Bed-Stuy, which isn’t really as bad as its rep anymore), that price can fall to under $1MM. Maybe much lower.
sdrealtor —
Areas change and evolve. Keep in mind that 15-20 years ago, parts of NYC’s Lower East Side were seen as no-go zones. Now they’re quite expensive and people are even raising families there. Wasn’t San Diego’s downtown area also deprecated a few decades ago?