Condo of the Day: 176 Johnson Street Exit Strategy
Remember last month’s Brooklyn Eagle article which laid out the plight of Corcoran broker Philip Henn? To recap, Henn and his wife bought a condo in the Toy Factory Lofts at 176 Johnson Street back in 2005 for $645,000 only to get back from their honeymoon to find $70,000 of water damage. He also recently…
Remember last month’s Brooklyn Eagle article which laid out the plight of Corcoran broker Philip Henn? To recap, Henn and his wife bought a condo in the Toy Factory Lofts at 176 Johnson Street back in 2005 for $645,000 only to get back from their honeymoon to find $70,000 of water damage. He also recently realized that the Avalon Bay development going up on Myrtle was going to block some of the views from his lot-line windows. The article also mentions that Henn was representing another unit in the building, a 1,180-square-foot loft on the fourth floor. Well, as of this week, he’s added a second to the mix. This one’s right down the hall from his own pad; the 1,079-square-foot space is listed for $765,000. Both apartments are holding open houses on Saturday from 12 to 2 p.m.
176 Johnson Street [Corcoran] GMAP P*Shark
When Condo Investments Go Bad: Toy Factory Edition [Brownstoner]
Nightmare on Johnson Street [Brooklyn Eagle]
terrible technical glitches today.
not worth posting.
Slow day Brownstoner?
test
lot-line=boundary. Here: the window faces the next lot and will be covered by the building that is going to be built there.
what does “lot-line” mean?
what a jackass. those apartments suck, 769 or whatever is way too much for that location/amount of space/the fact that you are living above flatbush and in the soon to be shadow of the avalon myrtle.
he’s fucked, his fault, oh well. you’d think a broker would have more sense than to get caught up in all this.
With everything known about this building, why would anyone take the risks?