What will $11 mil get me in Brooklyn?

It’s a question that probably doesn’t get asked very often, but here’s an answer ready for it: the locally revered landmark “Gingerbread House” at 8820 Narrows Avenue in Bay Ridge, about a mile south of Brooklyn Row House. Not for nothing but this is a bargain compared to the unanswered 2009 asking price of $12 million. Nevertheless, it’s quite a bit more than the “under $1 milliion” that the current owners paid for it in 1985, which should give an indication of property valuations in this neck of Brooklyn over the past 20 years. https://www.nydailynews.com/life-style/real-estate/piece-brooklyn-storybook-bay-ridge-home-article-1.1333611 The house was built in […]


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