When we noticed that the price on this four-story brownstone on Jefferson Avenue had been cut last week from $840,000 to $775,000, we decided to do a drive-by this weekend to get the lay of the land. The house is just East of Stuyvesant Avenue on quite a nice block. The exterior is lovely and the photos of the interior (the woodwork in particular) make us want to do another reno. The question is, given how much work needs to be done, whether this place isn’t still a bit overpriced. It’s hard to see how you could bring this place back into shape for less than $300,000. So the question is: Is a house on this block — even a beautifully restored one — worth close to $1.1 million?
643 Jefferson Avenue [Corcoran] GMAP P*Shark