You know times are tough when a five-story brownstone in Brooklyn Heights hits the market for less than $3 million. In this case, there are extenuating circumstances: 156 Hicks Street is less than 16 feet wide, and is in need of some TLC. The raw materials are there (woodwork, mantels, etc.) but the $2,875,000 asking price still’s not a lay-up, primarily because, well, nothing’s a lay-up in this market. It will be interesting to see if houses that need work get penalized more than those in move-in condition the grim market marches on. Update: A tipster sent in some interior photos “from 4 or 5 years ago” that we posted at the bottom of the post; click through to check them out.
156 Hicks Street [Brown Harris Stevens] GMAP P*Shark