House of the Day: 47 Willow Place
47 Willow Place (along with its three sister houses at 43, 45 and 49) is one of those houses that makes Brooklyn Heights such a special place. The 21-foot-wide Greek Revival structure is particularly notable for the colonnade that runs continuously along the facade of all four houses. The $3,450,000 asking price is on the…
47 Willow Place (along with its three sister houses at 43, 45 and 49) is one of those houses that makes Brooklyn Heights such a special place. The 21-foot-wide Greek Revival structure is particularly notable for the colonnade that runs continuously along the facade of all four houses. The $3,450,000 asking price is on the low end for a house in this neighborhood, but then again there’s only about 2,100 square feet of living space (not including the basement rec area) in this one. 49 Willow Place traded for $2,300,000 back in 2004, though we have no idea what kind of shape it was in. This house, though, has been recently renovated. So what do you think?
47 Willow Place [Corcoran] GMAP P*Shark
PRICE DROP! Now down 7.5% to $3.2M. LOOK OUT BELOW!
These inane broker posts about “buy what you love” are grating. Do you really think people loved these houses twice as much in 2006 vs. 2001 because prices had doubled? It was a bubble, you morons, and it will be deflating, even in brownstone Brooklyn.
Price per square foot is irrelevant. Just buy what you love.
$1600 psf is roughly 4 times what it would cost to duplicate this house.
You are paying about $800k for the lot, $800k for the house, and $2m for authenticity. After all, this one is real, and the new alternatives are … new.
http://www.brooklynpaper.com/stories/30/29/30_29obamamania.html
July 28, 2007
Barack and roll: Obamamania hits Brooklyn Heights
By Dana Rubinstein
The Brooklyn Paper
[…]
Perhaps, but Obama has one vital credential that Clinton does not: he actually lived in Brooklyn.
Tuesday’s fundraiser was apparently Obama’s first visit to the Heights since he moved to the borough after graduating from Columbia University in 1983.
“I did [live in Park Slope] and a little in Brooklyn Heights,†said Obama, strolling down the street from the direction of the Promenade, an entourage of security and staff in tow.
“I don’t remember the exact address,†he added, referring to his Park Slope home, where he is believed to have lived for about a year-and-a-half. “Then, I subletted for about three months in Brooklyn Heights, near the Promenade. On Sunday mornings, there was a bagel shop near the subway station, and I would go there and pick up a coffee and New York Times.â€
Obama would then eat breakfast on the Promenade, according to an NYPD intelligence officer who accompanied him along the waterfront walk and listened to his reminiscences. Apparently, he also liked to jog there.
“He said the last time he was on the Promenade, he could see the Twin Towers,†she said.
Please. Obama would certainly live in Lefferts. I’m not talking about his background. I’m talking about his strategy… OK, so maybe Ditmas.
Brooklyn Heights would be so much nicer if they hadn’t let those multi-storey developments in. Your house can only be so nice when you can see a 15 storey behemeoth at the end of the block.
BTW “East Orange lexicon” and “anecdata”.
love it.
Most inane comment of the year: Buying a house is like falling in love. Out of the mouths of brokers.
Second most inane comment: This will be worth X in X years. Anyone who hands this out as “advice” is a complete charlatan, and knows nothing about the economics of pricing.
Bottom line: Recession, deleveraging, rising long rates, ugly house, it sits….and sits….and sits. Your problem, broker, not mine.
10:15 – you have to be kidding. I grant that some historic properties can get a premium, but this house is just fugly. There’s nothing historic about a poorly done greek revival style that is more reminiscent of white trash just add water neighborhoods than the trophy homes of Brooklyn Heights. No way this place gets $1600+ per square foot. If you have $3.5m to spend, there are MUCH nicer homes in this neighborhood.
Brooklyn is like Manhattan’s mildly retarded sister who gives everyone hand jobs.