Although the asking price on 115 Underhill Avenue would seem high even if it were next to a nice historic structure, the fact that its neighbor is a nasty new Fedders building makes the asking price almost laughable. (This listing makes us think there should be a tax on people who build eyesores that could be used to compensate nearby property owners for the value destruction.) And while there may be a handful of blocks in Prospect Heights that can justify Park Slope-like prices, this ain’t one of them. The 5,000-square-foot building is currently configured as a four-family house; given the lack of photos or floor-plan, it’s hard to believe that it would be particularly easy to convert to a one- or two-family home. So even if the listing is telling the truth about the “great details” on the interior, $2,500,000 seems completely unrealistic to us.
115 Underhill Avenue [Douglas Elliman] GMAP P*Shark