If you’re operating for New York City mayor, you need to most likely have some indication of what the typical home in Brooklyn would price.
But for 2 mayoral candidates operating on the Democratic ticket, that was — shockingly — not the case.
And it’s time they get a actuality verify.
When asked by the New York Times editorial board what the median gross sales worth for a house in one of the vital costly boroughs within the metropolis was, Shaun Donovan and Ray McGuire appeared a bit out of contact.
“In Brooklyn, huh? I don’t [know] for sure,” answered Donovan, 55, who has touted his expertise as housing secretary beneath former President Barack Obama and housing commissioner beneath ex-Mayor Michael R. Bloomberg. “I would guess it is around $100,000.”
McGuire, 64, an funding banker and former government at Citigroup, responded equally.
“It’s got to be somewhere in the $80,000 to $90,000 range, if not higher,” he guessed.
The different six democratic candidates operating for New York City’s most prestigious workplace made cheap estimations, with Andrew Yang proper on the cash together with his reply of $900,000.
If you’re curious, here’s what $100,000 can really get you in Brooklyn — and, simply a heads up, it’s not a lot.
3093 Fulton Street: ‘Unsafe for entry’ ($95,000)
For precisely $95,000, you’ll be able to have your self a studio within the Cypress Hills neighborhood of Brooklyn, perched above a Mexican restaurant. But you wouldn’t be capable to even view the house earlier than placing in a suggestion.
The listing has an ominous, two-sentence description: “Drive by only, house is in major disrepair unsafe for entry. Please submit offers.”
Built in 1938 and spanning simply 1,600 sq. ft, the studio has two loos, the itemizing states.
But after greater than 242 days in the marketplace with none patrons, it appears to be like like somebody is prepared to take the chance at what awaits them inside. An provide is at present pending.
It was final offered in 2020 for $25,000.
185 Pacific St., Unit 207: A ‘deeded’ parking house ($100,000)
This one isn’t precisely even a residing house as a lot as it’s a parking house.
Yes, you learn that proper. For $100,000, you’ll be able to have your very personal parking spot within the Cobble Hill neighborhood of Brooklyn.
The listing certain has a good manner of promoting it, too!
“Why spend your valuable time driving the neighborhood in search of parking when you can purchase a deeded space in a valet parking condominium?” the itemizing asks.
“Located just a few blocks from the Brooklyn Queens Expressway, this secure indoor facility is professionally staffed 24 hours a day. There’s an owners lounge which provides complimentary water and coffee during the short wait for your car. Charging service for electric cars is also available! Can be purchased for private use or as investment.”
So whilst you don’t precisely get a home, you may give your automotive a $100,000 house.
126 Riverdale Ave., Lot 30: An empty lot and a rusty fence ($75,000)
Again, this isn’t really a home. But for $75,000, you’ll be able to rating your self a 640-square-foot lot, surrounded by a rusty fence, in Brownsville — which you’ll be able to then presumably construct a house on.
“We are pleased to offer for sale this land,” the minimalist listing states. “Close to transportation, shops and more.”
It’s been in the marketplace for 135 days.
And that just about sums up all of the listings at present out there in Brooklyn which can be price not more than $100,000.
New York City’s housing disaster is predicted to be a main subject regarding New Yorkers within the coming years, with a shortage of affordable housing within the Big Apple. While the crippling coronavirus pandemic has slowed down the disaster, it’s anticipated to choose again up as town finds a return to normalcy.