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| Brooklyn |
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| Detroit |
If Detroit city officials need any more proof that one of the greatest assets the Motor City has going for it is its quality, cheap housing, they should take a look at the Brooklyn townhouse vs. the University District tudor.
The tudor, which recently went on the market in one of Detroit’s best neighborhoods, caught my eye online the other day because of the price — $179,000. For that amount of money you get an attractive five-bedroom home with five baths, a two-car garage, a wood-paneled library, two fireplaces, hardwood floors, pewabic-tiled baths and a heated Florida Room. A total of nearly 3,700 square feet.
In other words — wow.
The home is featured on a website called Detroit Curbed. It’s sister site, New York Curbed, offers a number of New York City townhouses up for grabs. One typical home is located in the Greepoint section of Brooklyn — not Manhattan — and goes for $2.5 million.
In other words, the townhouse is 14 times more expensive than the tudor. Or, looking at it another way, an investor could buy and sell 14 luxury homes in a Detroit neighborhood that is certainly as friendly as a Brooklyn neighborhood at the same price tag as a single NYC townhouse.
For that $2.5 million you get three bedrooms (including one that is six feet wide) and two baths. The 114-year-old building has been fully refurbished on the inside but it’s just 1,600 square feet, if you include the basement. It has no parking area but it does have a yard that measures 16 x 33 feet.
In other words — wow.
