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Couple Buys a Fixer-Upper in Kensington

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Welcome to It Happened One Weekend, our weekly roundup of The New York Times real estate section...

Every "The Hunt" column begins with the Hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. Reality
The Hunters: a couple looking to buy
Price
Dream: $900,000
Reality: $850,000
Neighborhood
Dream: Windsor Terrace
Reality: Kensington
Amenities
Dream: House, rental income
Reality: House, rental income, fixer-upper
Summary
This week's Hunters are a couple looking to buy in Brooklyn. They had a budget of $900,00 and sought a house with a rental unit, rather than paying common charges in a condo. They started looking in Windsor Terrace and came up empty, getting outbid at every turn. So they started looking across the border in Kensington, where they had a bit more luck, eventually finding a two-family in lousy shape, with cracked pipes and rotted floors. They bought it for $850,000 and have spent a few months fixing it up, moving in last summer. [The Hunt/"A House in Brooklyn, Mint Condition Not Required"; photo via Ian T West/Curbed Photo Pool]