Crown Heights Real Estate: How'd You Like This Fixer-Upper for $500,000?

Get ready to bid on this Crown Heights landmark, located at 838 Prospect Place (photo: Daily News):

It’s scheduled to be up for auction on Oct. 20, starting st $500,000. But before you get too excited, consider that the building has been empty and rotting since about 2008, so you’ll likely need to do a full gut renovation while you fend off the raccoons infesting the back yard. Apparently the city purchased it and planned to make it an assisted-living facility group home, but they had trouble reconciling some design requirements (such as new fire escapes) with historic preservation codes covering the property.

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