In Flatbush, Apt 3F at 41 Clarkson Ave., was bought in May for $202,800 and unloaded in September for $360,000. The 77.5 percent profit made it the second highest Brooklyn flip. It had been on the market for 33 days.And I didn't even have a chance to bring by a plate of cookies.
I have a hunch that the reason for the enriching flip was that we put some planters out near the curb along Clarkson from Flatbush, spaced evenly to provide maximum effect. Despite a couple rounds of vandalism, I suspect that the apartment in question increased in value due to our floral capital improvements. I do believe I'm entitled to some of the profits? Those planters - hand-me-downs from a neighbor on Ocean - were damn heavy and barely fit into the elevator, but clearly were worth a hundred grand.
Never, ever, ever, in my wildest imagination did I see this one coming. I thought the heavily Section 8 building would gradually turn from poor to middle. When the management told me they were going condo I laughed at John, whom I got to know through a serious of complaint calls, and wished him a facetious 'good luck.' They warehoused the apartments long enough to sail through the conversion process, the economy assisted, and now the building is likely worth ten times what it was when I moved to the block 11 years ago.
The gold rush is on. The speculators are back! Move over '49ers. The '15ers are here.