House of the Day: 51 Cambridge Place

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It can't be too easy to get financing for small condo conversions these days, but if you could get the dough together, 51 Cambridge Place in Clinton Hill is already teed up for you. Purchased two years ago for $959,000, the four-story brick house has been gutted and the owner has received approved plans from LPC for a rear extension that would bring the total square footage up to about 4,500. That said, a gutted house has limited appeal in this market so it'll be interesting to see if the $1,100,000 price tag sticks.
51 Cambridge Place [Corcoran] GMAP P*Shark

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