This drool-worthy limestone mansion at 408 Stuyvesant Avenue in Stuyvesant Heights just hit the market. It’s so impressive architecturally (except for a couple of recently-reno’d spots) that we almost feel bad questioning the asking price of $2.1 million. Although the building has a large footprint (22 by 60 feet), it is only three stories and therefore only 4,000 square feet. (It’s hard to tell from the photo whether the basement is habitable or not. We’re guessing that’s what the photo of the windowless modern room is.) We’re not aware of any house in the historic area selling for more than $1.5 million. Also, we’re not sure how it’s six-family status should affect the sales price. At this price, it seems like the only option for a buyer will be to convert it to condos. Starting at $500 a foot pre-conversion even makes that route a stretch, no? Is there any precedent for this price? Any chatter in the neighborhood about this?
408 Stuyvesant Avenue [Halstead] GMAP P*Shark