In Brooklyn Heights, there are almost no renovated townhouses at all, and people still pay these crazy prices knowing that they're going to gut the whole thing and spend [$2-$4 million] more on top, Saavedra said. That has always been the norm, as an accepted, very unfortunate, reality.
The value proposition a renovated townhouse prior to closing comes with the caveat that buyers need to see an eight-figure vision when they sign a deal on an unfinished home.
The listing boasts that the buyer can enjoy the fruits of a custom renovation, without the labor. The labor instead is being done by Eckstrom NYC, a seven-year old development firm run by husband-wife duo Carlos Saavedra and Nicole Eckstrom.
At 170 Clinton, Eckstrom completed the structural renovations of seven bedrooms, a lower level with a gym and sauna, a double height kitchen and dining space, and an extra-wide backyard with an outdoor kitchen.
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