We don’t usually write about a house four times but the case of 53 South Oxford Street in Fort Greene keeps providing reasons to revisit its lack of success on the market. Let’s revisit the timeline: The current owner purchased the four-family house house for $1,345,000 in July 2006; in August, a few coats of polyeurethane are applied before getting listed with Brooklyn Properties in September for $2,500,000. By January of this year, the listing had been moved to Prospective Properties and the price cut to $1,975,000. By May, Corcoran had taken over and the price was back up at $2,250,000. But not for long. The listing is now gone from Corcoran and the owner is now trying to sell it himself for $1,829,000. In retrospect, the first mistake this guy made was trying to do a flipper’s reno on this place; the second was not paying attention to the comments when this was the House of the Day last January. At that time, a consensus emerged that this was about a $1,600,000 house given the state of the interiors. Here’s what we said at the time: “We’re thinking $1.6 million, $1.7 if he’s really lucky.” And the clock ticks on.
53 South Oxford Street [NY Times] GMAP P*Shark
House of the Day: 53 South Oxford Street [Brownstoner]
Houses of the Day: Fort Greene Languishers [Brownstoner]
Open House Picks 9/1/06 [Brownstoner]