The company has over a dozen projects in the works in Brooklyn, including one in Williamsburg at 156 Broadway, a nine-unit renovation of a cabinet factory, and one in Bushwick, the conversion of a church.
At Ferry Street, the cost per unit of renovation will be $13,000.
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.
The Jersey City site, a 33-unit gut renovation, was Mr. Gilad's sixth and largest project, and his first and last in New Jersey.
They backed off because the rental unit needed renovations, and they would not have had enough money left over to make them.
Cindy Holler, the president of Mercy Housing Lakefront, said her group was spending $45,000 a unit in renovations, using a mix of historic and low-income tax credits, as well as money from the state and from the MacArthur Foundation.
He made an offer on a unit with a renovation just as nice, listed at $475,000, but found himself in a bidding war.
doormen; dining area, north exposure; laundry in building; maintenance $834 , 48 tax-deductible; listed at $499,000 (multiple bids), 21 weeks on market (broker: Corcoran Group Brooklyn) WILLIAMSBURG $660,000 262 North 9th Street 2-family, prewar wood-frame house; 2 bedrooms, 1 bath, living room, high ceilings in each unit; needs extensive renovation; 25-by-100-ft.
co-op in a prewar building; dining foyer, sunken living room, windowed kitchen, h/w floors, 3 exposures; maintenance $893 , 47 tax-deductible; listed at $175,000, 1 week on market (Broker: Trebach) BROOKLYN CARROLL GARDENS $490,000 655 Henry Street 3-family, 3-story, circa 1900 brick house; 1 bedroom, 1 bath, dining area, eat-in kitchen in each unit; needs extensive renovation; 16-by-60-ft.
Elaine Clayman, Brown Harris Stevens (212) 906-9353; www.brownharrisstevens.com MAINTENANCE: $2,118.65 a month PROS: An idiosyncratic but charming unit with rich renovations and great light.
