House of the Day: 182 Clinton Street
How the mighty have fallen. 180 Clinton Street hit the market in a fit of optimism in November 2007 with a price tag of $4,200,000. Despite the buoyant market, it failed to sell. Since then, it’s been delisted twice and had its asking price reduced twelve times. We’re not in love with a few of…
How the mighty have fallen. 180 Clinton Street hit the market in a fit of optimism in November 2007 with a price tag of $4,200,000. Despite the buoyant market, it failed to sell. Since then, it’s been delisted twice and had its asking price reduced twelve times. We’re not in love with a few of the renovation touches but, heck, it’s still a great house. Unfortunately, it was always one step behind a falling market; if only it could have gotten out in front a long time ago, it probably would have sold for much higher than its current asking price of $2,995,000.
182 Clinton Street [Corcoran] GMAP P*Shark
Open House Picks 11/28/09 [Brownstoner]
182 Clinton Street is where AA started, period. After Bill Wilson had his spiritual experience at Towns Hospital he was bringing drunks to this house for 6 months prior to meeting Dr. Bob, and the official start of AA, June 15th 1935. It is the family home of Lois Wilson (maiden name Burnham) Bill’s wife and the co-founder of Al-Anon Family Groups.
I would not be surprised if who ever has been in this house has heard from AA Pilgrims. 🙂
Hi Nomi —
Maybe the “cheap-looking pine floors” are new replacement floors?
Though it’s true some houses built in the mid-1800s had not-so-great wood floors that weren’t meant to show because they would be covered in wall-to-wall carpet.
I know you’ve all been in bed for two hours already ;), but maybe some insomniac or early riser will see my question. It’s about the floors. A poster who’s been in the house called them “cheap-looking pine floors.”
Were the floors in a grander house like this originally pine? If so, would it be proper to redo them with a hardwood, or proper — preservationist — to keep the original pine?
Wow, that’s a pretty gutsy call, Dave. That’s practically tomorrow. Given the seasonal nature of real estate, I’ll guess prices of brownstones in Brooklyn will start going up in the spring.
MoneyForNothing, prices bottomed in two years during the ’89 crash. Then they were flat for many years.
Does anyone else find it amusing that the same people on here who say the ghetto (their name for Bed Stuy) is the first to fall and the last to recover are the same people who claim New York is “behind” the rest of the U.S.?
The crash started here in 2006 just like it did everywhere else. We are two years in. So we could be close to a bottom. We might not get much further than 20 to 25 percent off Park Slope and Brooklyn Heights. Remember, everyone always says “prime” neighborhoods like those are the last to fall and the first to recover.
“we strongly suggest you drop the pretext and change to first person singular”
antidope you don’t have to read our comments as you’ve pointed out yourself. As soon as we see antidope we expect nothing of substance…. from your left and right cerebrum.
PRICES OF BROWNSTONES WILL BOTTOM THIS YEAR, WHUH. I’M CALLING IT. THAT MEANS BETWEEN NOW AND DEC 31.
I used to live around the corner on Remsen between Court Henry + Clinton and agree with posters who say the street traffic is negative for this house. That stretch of Clinton gets a high volume of traffic heading to the Brooklyn Bridge, and traffic is often bumber to bumper. I also agree with posters who see the single family house as a postive. 1 rental at $3,000 per month could cover about $500K of mortgage. I’d rather have a single family for $1.5 million than a triplex + rental for $2.0 mm.
As for for the comment at 3:32 – if you sell something for more than you bought it for – you made money. At least that’s what accounting textbooks and the IRS say. If there is an opportunity cost standard applied for not selling at or near peak, the same standard applies to potential buyers if they wait to buy and have to pay more because prices went up. Looked at that way, I’ve lost millions. I think I looked at 50-75 houses between 2000 and 2002, before buying in 2003. Even with the correction, most of the house I looked at would for a higher price today.
I’d like to point out this place is right off Atlantic Avenue.
Call me squeamish, but for 3 million clams, no thanks. At least if I’m someone with money to burn looking for an over the top 3 million dollar home, that’s what I’m thinking.
“…because there isn’t a house for sale in the borough I can’t get for less in six months, and you and I both know it.”
Posted by: Whuh at August 25, 2009 4:42 PM
Thank you.