Part of the reason that the market can feel like it’s softening is that property owners continue to price their houses at dream-levels. This house at 98 Lafayette Avenue in Fort Greene is a perfect example. It’s a four-story brick house just in from the corner of South Oxford that, other than its L-shaped lot that means parking, doesn’t appear to have anything special that would merit more than about a $2 million asking price. Instead, it’s on the market for $2,655,000. As far as we can tell, it also appears that the three-family house doesn’t have much original detail. What’s more, the heavily trafficed avenue is arguably less desireable than a side-street location in the area. Unless there’s some development angle with the driveway that we’re missing, we can’t see this getting close to the asking price. Can you?
98 Lafayette Avenue [Douglas Elliman] GMAP P*Shark