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Images showing existing condition and virtual rendering at 105 East 38th Street, #PH9 Images showing existing condition and virtual rendering at 105 East 38th Street, #PH9
With spooky season upon us, Halloween horrors like witches, ghosts, and ghouls are on many people's minds. But in the world of New York real estate, the two scariest words are as follows: "Needs work." (Did you think we would say "haunted house"? Hardly - it would take more than a creepy history to scare people away from these buildings.)
There's no question that renovating an apartment is a daunting endeavor. Some homes in need of renovations are priced to sell, but buyers could find themselves pouring the money saved and then some into hiring an architect. Some buyers have the luxury and funds to decamp to a hotel or second home while the renovations take place; those who do not can find themselves living amidst the dust and clutter of the work site.

Moreover, while renovating a home is stressful enough in any part of the world, New York City presents some unique requirements. Certain multifamily buildings require a board to approve any changes to a unit, and then have the owners send notice to other residents regarding the construction and length of time estimated to do the work. Townhouse owners are not exempt; those living in historic districts are not permitted to embark on work that significantly changes their houses without the approval of the Landmarks Preservation Commission.
However, those willing to take the challenge can come away with an architectural masterpiece. They truly don't make these old brownstones like they used to, and the bones and architectural details can easily be incorporated into modern updates. Interior renovations have excellent potential to boost a property's resale value, but you may like the updated place too much to leave it!

Maraschino Cherry Warehouse, #PH (Bespoke Real Estate LLC)

141 East 63rd Street, #House (Leslie J Garfield & Co Inc)

The Yosemite, #6W (Sothebys International Realty)

35 Joralemon Street, #NA (Corcoran Group)

The Prasada, #1B (Corcoran Group)

North Bennington Corner, #11D (Sothebys International Realty)

111 Barrow Street, #7D (Compass)

The Powerhouse, #615 (Douglas Elliman Real Estate)

The Charles House, #8C (Corcoran Group)

105 East 38th Street, #PH9 (Compass)

311 East 71st Street, #3FG (Brown Harris Stevens Residential Sales LLC)

Stewart House, #3A (Compass)

Stewart House, #2J (Compass)

Stewart House, #2V (Douglas Elliman Real Estate)

111 East 36th Street, #5AB (Sothebys International Realty)

470 Park Avenue, #4A (Brown Harris Stevens Residential Sales LLC)

Claiborne House, #3GH (Corcoran Group)

Gramercy East, #12D (Douglas Elliman Real Estate)

321 West 78th Street, #8C (Brown Harris Stevens Residential Sales LLC)

The Lombardy, #1700 (Douglas Elliman Real Estate)

9 East 96th Street, #7CD (Engel & Volkers New York Real Estate LLC)

202 West 78th Street, #2E (Compass)

The Mayfair, #2A (Compass)

Kips Bay Towers, #3P (Compass)

311 East 71st Street, #9F (Coldwell Banker Warburg)

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