Union Street Home Flipped for $1.85 Million

This Crown Heights single-family home, located on Union St. between Kingston and Brooklyn Aves., was just sold for a whopping $1,850,000, more than $150,000 above the original asking price of $1,695,000 and a record for the area. Even more shocking: The home was last purchased in December for a ‘mere’ $999,000.

From Brownstoner:

This 1920s brick townhouse in Crown Heights South just may have set a new neighborhood record. The single-family home, which sold for $999,000 in December, sold again in July for $1,850,000, more than $150,000 above the original asking of $1,695,000.

The home at 1388 Union Street has been well maintained and, according to the listing, is chock full of details including bay windows, original moldings, mirrors and wood paneling, (though all the woodwork is painted). The renovation is very well-done. It’s unclear how much work the flipper actually did on the home given how fast it turned over.

Click here to continue reading at Brownstoner.

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2 Comments

  • 1. Not A True Flip wrote:

    To me this sounds not like a true flip, but more like a quick resale after extensive renovations.

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