Real LI

The bad rap on Long Island is that there’s no affordable housing. Not true.

The stainless steel refrigerator and the stove are gone, sold for money by the last owners, but this Franklin Square ranch still has its black granite countertops in the kitchen as well as a relatively-new bathroom.

The two-to-three-bedroom house on Atlantic Street’s cul de sac is listed at $299,000 because it’s a foreclosure -- the last owners paid about $425,000 about three years ago, said Louis Nunziata, broker owner of Manor Gate Real Estate in Bellmore.

“It would be a steal for somebody to get it,” Nunziata said.

In fact, there have been several offers, some over the asking price, he said, but some of the interested buyers have come and then gone, due to the time involved in snagging a bank-owned property.

“People have to be patient,” said Nunziata, who’s also handling other foreclosed properties. “It takes anywhere from 10 days to two months just for the bank to say no. Even though we’re in a crisis, you call the banks up and they never call you back.”

The last owners updated parts of the house, the broker said. It has a fireplace, a finished basement, one bath and wood floors that need a little polishing.