House of the Day: 111 Clifton Place

As much as the seller would like to claim this house at 111 Clifton Place is in Clinton Hill, it ain’t; but it is only a few feet from the borderline. That’s the least of her problems though: The major one is the asking price of $1,385,000. The seller bought this place back in 2005 for $599,000. Now we all know that prices certainly aren’t any higher now than they were in 2005, so even if you give her $400,000 in credit for the renovation (which we suspect would be overstating the issue), that only gets you to $999,000. More evidence that she’s barking up the wrong tree: This was unsuccessfully listed for about the same price back in the boom times of late 2007. So how could it possibly sell for that now?
111 Clifton Place [Corcoran] GMAP P*Shark
Feb 06, 2012 | 12:32 PM