1503 Emmons Ave., Brooklyn, NY 11235

SOLD on 6/01/24 for FULL ASKING PRICE at $1.1M! Sit back, relax, and get a bucket of popcorn before reading any further… Years ago we received a call from a random local homeowner asking if we could help rent her apartment. Although we maintain a strict “No Rentals” policy, our broker took the call to at least offer his guidance to this neighbor who reached out for help. Louis Calemine then met with with her to offer guidance on how to prepare the unit for showings, where to advertise, what to ask and what to expect from today’s pool of potential tenants in our area. He did all of this expecting nothing in return other than an opportunity to help, while possibly leaving a strong enough impression so that if she ever decided to sell, she would consider using Calemine & Co. Real Estate. Needless to say, a trusting relationship soon ensued, and she eventually told us about her aunt (Nancy) who lived alone in a house on Emmons Avenue. Despite having no intent to sell, or move, this elderly lady was constantly being harassed and pressured to sell by many different Real Estate Agents and “investors”, but none more than a particular speculator, let’s call him “Harry”, who was actively acquiring all of the neighboring properties on her block. The niece said that Nancy just wanted to be left alone. Again, desiring nothing other than an opportunity to help a neighbor (especially an elderly person), Louis agreed to meet with Nancy over at 1509 Emmons Ave., and offered the best plan he could think of to deflect the attention away from the elderly lady and shield her from Harry’s unrelenting harassment: To list her home at 1509 Emmons Ave. on the market at a ridiculously high price and put our For Sale sign in front of her house. That would insure, at the very least, that Harry, and anyone else interested, would contact us directly rather than bothering Nancy any longer. For the next 2 years we provided cover to our client but also kept an open line of communication with Harry and anyone else who called us to inquire about the property, just in case things ever changed on Nancy’s end. During that time, the owner of a property a few doors down from Nancy, at 1503 Emmons Ave., named Ursula, asked Nancy for our contact information. Ursula was also frustrated with Harry, however, unlike Nancy, she was very interested in selling. In fact, she had signed two different sales contracts with Harry over the previous two years, and while being represented by 2 different brokers. For one reason or another, the contracts with Harry always fell apart just prior to closing. As a result, Ursula then hired Calemine & Co. to represent her and get 1503 sold to ANYONE willing to pay a fair price being that she already vacated the property long ago. By this time however, Ursula’s house was already commandeered by vagrants, druggies and squatters making this an extremely challenging situation for us. At some point a new developer, a major player in the area, expressed a realistic interest in acquiring the block of properties, including those already owned by Harry, as well as Ursula’s. We essentially brokered the deal with this highly accomplished developer to buy Ursula’s piece, along with Harry’s previously acquired pieces, to form two separate development sites. By the time that all of the contracts were finally signed and closed, the new plans were drafted by the developer, and the reality of two major construction sites soon beginning on both sides of her, Nancy was now finally interested in selling and joining the party. Ironically enough, Nancy now found herself in a very valuable position of leverage being that her home at 1509 Emmons Avenue was smack in the middle of the run. Recognizing and appreciating the value of scale by adding this keystone piece to his puzzle, the developer quickly changed his plans into one project rather than two, and we were able to negotiate a WELL DESERVED record sale price for Nancy’s property under her exact and strict terms. As a result of Louis Calemine’s incredible amount of hard work and coordination over several years, and in conjunction with all of the principals and attorneys involved, the neighborhood will now gain a new, trophy waterfront development, while both Nancy and Ursula, two elderly ladies in the twilight of their lives, are finally living stress-free lives, and in much better conditions than they were previously. Impeccable service. Outstanding results. Calemine & Co. Real Estate…Potential development site! Single family waterfront house facing Sheepshead Bay in need of a complete gut renovation. Located at the entrance of Manhattan Beach. This 3-bedroom fully attached brick house features a full finished basement with separate entrance from the front. The extra large backyard can be accessed from either the basement or from the kitchen on the main floor. There are amazing unobstructed water views from several rooms in the house. There are high ceilings throughout. This is an amazing opportunity to own a waterfront home in the heart of Sheepshead Bay and live only steps from all that the area has to offer. Only one block to the B/Q Train Station. Desirable R6 zoning allows the potential to build up to 7,344 sq feet of interior space on this site! Please qualify zoning allowances independently with your architect. Listed exclusively with Calemine & Co. Real Estate. Listing status updated daily. Call us with any questions or to schedule a private viewing.

Details:

Bedrooms: 3

Bathrooms: 2

Property Type: 1-Family House

Building Size: 20’ x 32’

Lot Size: 20’ x 102’

Financials

Price: $1,100,000

Taxes: $6,496

Listed by: