This house on Prospect Place between 5th and 6th Avenues is a good example of how some of the “hairier” deals are having a tough time in this market. Having sat on the market since at least the middle of the summer, the four-story, six-unit building just had its asking price cut from $1,600,000 to $1,400,000–on its surface a shockingly low price for a brownstone in prime the Northern corner of Park Slope. Of course, there’s a catch: There are two occupied rent-stabilized units that are going to, at the very least, add time and money to the conversion process. Seems to us though that the price is fully reflecting that drawback. It’s hard to comment on the interior with no photos to go from, but certainly the broker euphemism “Building would benefit from substantial rehabilitation” suggests it may not be much to look at. Anyone know if there’s any architectural detail to speak of?
43 Prospect Place [Corcoran] GMAP P*Shark
Reduced: 43 Prospect Place [Natefind]