Wow. What can you say? A perfectly restored 4-story brownstone on what the ad claims to be the best block in Fort Greene. No one’s going to argue (we don’t think) with what a beauty this house. (Some of you have probably seen it first hand as it was on the house tour this year.) The price of $3.995 million, though, is staggering. Embedded in that price is the bold assertion that Fort Greene is now as desirable as, if not more than, Park Slope or Cobble Hill and that it is safely ahead of Boerum Hill. Granted, the parkside location ads something to the value, but we’re not sure South Portland isn’t a preferable address. 10 South Portland, which we discussed here, is an interesting comparable: It just went into contract this week for $2.65 million (interestingly enough, after being reduced from $3.495 million to $2.495, which in turn sparked a 4-way bidding war. Told ya so!) This Washington Park listing is clearly worth a good deal more than the South Portland one, but the asking price is clearly a Hail Mary. It remains to be seen whether anyone will catch it in the end-zone or whether the seller will have to start over and work the ball down the field the old-fashioned way. (Did that football analogy hold water? Bit of a stretch…)
Update: The address is 181 Washington Park just in from Willoughby.
“On The Park” [Brooklyn Properties] GMAP P*Shark