Character matters (as does the Atlantic Yards Effect). By all statistical measures, the four-story brick house at 58 6th Avenue should have found a buyer by now. After buying the house for $250,000 (typo? family transaction?) a year ago, the new owner put it back on the market for $1,850,000 last July, where it sat for eight months. In early March the price was cut to $1,795,000 and in late March again to $1,695,000. More than a proximity to Ratner-land, the problem in our opinion is the renovation. It’s got a bad case of personality disorder. As we’ve harped on again and again, a renovation that goes half-way to modern is likely to result in a house with no soul. No one (or at least anyone with any taste) wants to live in a mish-mash of architectural vernaculars. The seller better hope there’s someone out there looking to relocate from a McMansion in the burbs.
58 6th Avenue [Brown Harris Stevens] GMAP P*Shark