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Renovated 3-Unit Red Hook House Tries For A Flip At $2.25M

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Last March, the three-unit house at 80 Pioneer Street sold for just under $500,000. The listing plainly stated that the place needed a lot of work, and clearly the new owners were up to the task. The house just returned to the market with a price tag of $2.25 million, just 15 months after it last sold. If they pull off this flip, not only will the sellers get a nice payday, but they will set a neighborhood price record. The house is now the most expensive on the market in the gentrifying neighborhood, taking the title from 386 Van Brunt Street.

The renovation upgraded all three units with new kitchens, new bathrooms (decked out with subway tiles), new washer/dryers, and wall-through air conditioners. The ground floor one-bedroom has its entrance on Pioneer Street, while the other two units?a two-bedroom duplex with a deck and a three-bedroom duplex with a terrace? each have their own private entrances on Richards Street. The building faces Coffey Park and it's just one block away from shops and restaurants along Van Brunt Street.


· Listing: 80 Pioneer Street [Corcoran via StreetEasy]