A family needed more space but decided not to leave New York City. They bought a fixer-upper in Brooklyn and slowly went to work.
While many New Yorkers were busy leaving the city at the beginning of the pandemic, Hallie Morrison and Seth Frader-Thompson did the opposite: They doubled down on urban living by buying a townhouse in Brooklyn.
“A co-worker said, ‘What, are you crazy? Nobody’s buying real estate right now,’” said Mr. Frader-Thompson, 44, the chief executive of EnergyHub, a company focused on smart-grid solutions. “I was like, ‘That’s why we’re buying.’”
At the time, the couple lived in a two-bedroom co-op apartment in Clinton Hill, Brooklyn, with Mr. Frader-Thompson’s son from a previous marriage, Sam, now 14. They had already been looking for more space, but were discouraged by a mix of tight inventory, apartments with high common charges and bidding wars on townhouses.
“We liked the neighborhood and were looking for possibilities,” said Ms. Morrison, 39, a landscape architect at Nelson Byrd Woltz Landscape Architects.