One-Bedroom in Crown Heights Needs “TLC”, $185K

That’s about as much info as in the listing. Seriously!

This one-bedroom at 767 Eastern Parkway for $185K with maintenance at $550/month is 450 sq. ft. On the fourth (top) floor of a walk-up building (with income restrictions) is being sold as-is and needs TLC. It is steps to the 2 and 3 train at Kingston Avenue so that’s a big plus.

There aren’t any photos or floorplan of the unit and the description is so vague you can’t really begin to access exactly how much work is needed.

This was previously listed by Century 21 with a description “Cozy 1 bdrm co-op w/LR, dining, kitchen combo.”

If it needs a total overhaul with new kitchen, bathroom, flooring, doors, base, paint, etc. and assume you’ll spend 30K-50K renovating, is it a good price? Or does the price need to come down in order for it to fall in line with other similar (HDFC) sized units in the neighborhood?

(listing) https://www.elliman.com/other/767-eastern-parkway-4b-brooklyn-vzraqvs

(previous C21 listing) https://streeteasy.com/sale/1283859