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Williamsburg Buyer Wants $485K Profit After Three Months

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Yesterday, we brought you a Bed-Stuy brownstone that was listed for $1.85 million, three days after it had closed for $1.2 million. One tipster took notice and sent us another egregious Brooklyn flip attempt: the three-story townhouse at 265 North 6th Street, which sold in October for $1.265 million and was back on the market three months, almost to the day, later for $1.75 million. It has not yet been sold or pricechopped. No improvements were made in the meantime, according to our tipster, who attended an open house this week and says that "the place is in shambles. It needs a complete gut job with new joists and a new roof." The fact that there are no interior photos accompanying the listing bolsters that claim. Will either of these place get anything close to what they're asking? Time will tell, but, while the Brooklyn townhouse market is still hot, it's not like it's last summer or anything.


· Listing: 265 North 6th Street [Elliman]
· Bed-Stuy Buyer Owns House For 3 Days, Now Seeks 54% Profit [Curbed]