Key facts
- A gutted foreclosure was transformed into a pied-à-terre.
- The original foreclosure cost $755,000.
- The renovated property is valued at $1.48 million.
- The pied-à-terre offers views of Manhattan's Bryant Park.
- A developer is using natural materials like stone and wood.
- Mature plantings are being used in the development.
- The developer is moving away from flashy finishes.
A husband has successfully converted a $755,000 gutted foreclosure into a $1.48 million pied-à-terre located in Manhattan. The renovated property boasts views overlooking Bryant Park. This creative approach to property development highlights a significant increase in value through renovation.
In a different real estate development, a builder is consciously choosing natural materials such as stone and wood for their project. This developer is also incorporating mature plantings, signaling a departure from the trend of using flashy finishes. This strategic decision is expected to impact both the overall aesthetic of the development and its potential cost.