Each renovation costs around US$3,000 per family – a significantly smaller sum than would be required to build an entirely new home.
Because the mansion is listed on the Department of Interior's National Register of Historic Places, each renovation proposal must be reviewed and approved before work can begin.
"You don't start seeing profits until the fourth, fifth and sixth years," said Ms. Brown, who contributed most of the capital and spent the equivalent of $25,000 to $30,000 on each renovation.
Information on each renovation was determined with the help of the university campus-planning office and/or the project acoustical consultant.
Investment MICO2 dry-cleaning machines with Koolant Koolers, two sets each $360,000 Renovation 200,000 Electrical system 200,000 Other heavy equipment (washing machines, pressing machine, compressor, boiler, etc).
lot; taxes $4,202; listed at $450,000 (multiple bids), 1 week on market (broker: Cole Real Estate) PARK SLOPE $870,0003455 First Street 2-family, 3-story brownstone; 3 bedrooms, dining room, eat-in kitchen in primary duplex; 2 bedrooms, den in simplex; 1 bath, parquet floors in each; needs renovation; 18-by-100-ft.
lot; taxes $1,800; listed at $590,000 , 21weeks on market (broker: Eva M. Daniels Real Estate) PARK SLOPE $500,000 375 16th Street 2-family, 3-story, prewar brick house; 3 bedrooms, 1 1/2 baths, triple parlor, den, rear deck in primary unit; 1 bedroom, 1 bath in other; pine floors in each; needs renovation; 19.6-by-100-ft.
You could practically see each unrelated renovation over the course of 100 years.
Then in 1995, when Lombardi discovered that the fireproofing on the floor trusses was only half as thick as it should have been, he set about trying to fix the problem, though somewhat randomly: he ordered crews to apply new fireproofing each time renovations resulted in the opening up of the ceilings.
BROOKLYN CARROLL GARDENS $630,00026AA First Street 3-family, 3-story, 125-year-old brick town house; 1 bedroom, 1 bath, eat-in kitchen, h/w floors in each unit; needs renovation; rear garden, 16-by-81-ft.
lot; taxes $1,454; listed at $1.1 million, 4 weeks on market (broker: Corcoran Group Brooklyn) PARK SLOPE $1.05 million 724 President Street 3-family, 3-story brownstone; 3 bedrooms, 1 bath, dining area, original hardwood floors, high ceilings in each; needs some renovation; 20-by-100-ft.
