The New York State Office of General Services will sell at public auction 836 Prospect Place, a landmark Crown Heights single-family home. The minimum bid will start at $500,000 and the successful bidder is required to put down a $50,000 deposit. A 5% commission is offered to the real estate broker who represents the successful bidder.
A recent “Building of the Day” feature in Brownstoner reveals that the property was built in 1888 and was offered for sale at that time for $14,500. Fast forwarding, the most recent asking price for the property was an incredible $1.7 million in 2007, according to the same source. Our records show that the New York State Office of General Services bought the property the same year for $1,375,000.
An entry on Architizer suggests the property was bought by the State of New York to be converted into a 6-bedroom residence for mentally challenged residents. But for some reasons those plans never came through.
To market the property the New York State Office of General Services has videotaped a tour of the property and posted it on Youtube. A great selection of property pictures are available on Flickr as well.