House of the Day: Solid on Sherman Street
Corcoran has a new listing on our favorite block in Windsor Terrace–Sherman Street. Standing at the top of the Street at 10th Avenue, you can see the uninterrupted stretch of beautiful rounded-front limestone houses extend down the hill. This particular house at Number 26 sounds like it will need some sprucing up (according to Property…
Corcoran has a new listing on our favorite block in Windsor Terrace–Sherman Street. Standing at the top of the Street at 10th Avenue, you can see the uninterrupted stretch of beautiful rounded-front limestone houses extend down the hill. This particular house at Number 26 sounds like it will need some sprucing up (according to Property Shark it’s been owned by the same family for over 30 years), but from the other houses we’ve seen on the block, the underlying details (especially the woodwork) are worth the effort. The price of $1.3 million is a little hard to comment on without seeing how much work needs to be done, but we suspect they’ll be able to get pretty close to what they’re asking on this one.
26 Sherman Street [Corcoran] GMAP
I lived on Sherman Street 50 years ago as a kid. My Dad got out of the service and we rented the downstairs apt from my Grandma for 100/mo. My Dad shoveled coal into the furnace in the basement and we ate Dugans cupcakes delivered to the house. I 1950, we took off for SF,CA where my Dad got a job . We knew all the neighbors and we sledded down the hill when the snow came.
Hard to believe it is a high priced neighborhood now.
I lived on Sherman Street 50 years ago as a kid. My Dad got out of the service and we rented the downstairs apt from my Grandma for 100/mo. My Dad shoveled coal into the furnace in the basement and we ate Dugans cupcakes delivered to the house. I 1950, we took off for SF,CA where my Dad got a job . We knew all the neighbors and we sledded down the hill when the snow came.
Hard to believe it is a high priced neighborhood now.
I lived on Sherman Street, 48 Sherman to be exact.
The block is still gorgeous. The nieghbors take care of their properties with a sense of pride. The woodwork is made of mahogany and the parquet floors can’t be beat.
In this neighborhood it is still the “block” to live on and a fantastic place to raise a family.
This is a fantastic block, I lived there! It’s much better than the rest of WT imho…with the possible exception of those cute short blocks with the porches behind the church.
Is John Burke still the king of WT real estate for the inside deal?
My bet is that most of the housing stock is in pretty good shape. My neighbors at the time had some renovations that didn’t suit my taste (think pink marble kitchens) but you’ve got a good shot at a quality structure and a lovely quiet block that’s close to the park and the subway.
Re: WT coming into its own, that’s kinda true, but it seems like the ratio of WT prices to Slope prices is around the same it was when I was househunting (in both nabes) a few years ago. That is, a house on a good WT block will command about what it would on a marginal Slope block. (I live on the margins of the Slope, so no snobbery meant.) This is a prime WT block; I imagine the same place on a prime Slope block would fetch 33% – 50% more. More or less what I was finding back then.
But I’d be curious to know if I was wrong. Do people out there think WT values have increased more, percentage-wise, than Slope prices have?
Sounds about right for the current market. Even tho I am sure, from the description and lack of pix, that it needs considerable work. It’s 20 x 48 on the most desirable WT block (save for maybe Fuller Pl).
Do I remember correctly that somebody was asking $1.7M for a one-family right around there a while back? That was excessive, but this makes sense, considering what $1.3M would get you for a fixer-upper in the Slope.
Sounds like WT has really come into its own. When you consider what prices are like in South Slope only a few blocks away, it’s understandable, given the beauty of certain streets like Sherman and given the fact that many of the benefits of Park Slope are within walking distance (or a very short car/bike ride away).
A very similar house on that block — which needed a fair bit of work — sold for $1.2 mil about 18 months ago. This is a spectacular block and the houses are wide and deep.
My neighbor was just offered 1.25 to sell her place in W>T> She decided not to sell. !.3 is what the brokers are asking in hopes of getting 1.35.