House of the Day: 397 3rd Street, Again


397 3rd Street is back with hopes that the red-hot townhouse market will translate into sales success this go-round. As you may recall, four-story house hit the market in September of 2010 with Brown Harris Stevens asking $3,695,000 and was reduced to $3,495,000 before calling it quits; in May 2011, it was back with Corcoran at the same price before the price was trimmed again to $3,295,000. It was taken off the market a year ago, where it stayed until last week when it made its triumphant return with an asking price of $3,795,000. We were in love with this place the first time around and continue to be. The big question is whether the market has bounced back enough to handle this price. It’s possible.
397 3rd Street [Corcoran] GMAP P*Shark

23 Comment

  • prospectmonkey

    what’s a half a million dollars between friends!

  • no-permits

    wait, so this place is roughly 25 deep?

    • BoerumHill

      Building dimensions 22 ft x 40 ft

      Lot dimensions 22 ft x 90 ft

      Or, ya know, 25 – close enough.

      • no-permits

        “Building dimensions 22 ft x 40 ft

        Lot dimensions 22 ft x 90 ft

        Or, ya know, 25 – close enough.”

        i guess you didn’t look at the floor plan. you must be a great cpa.

          • no-permits

            upper floors are 26. what’s the confusion here? 13 + 13 = 26.

          • BoerumHill

            I’ll let the readers decide where the confusion lies.

          • bk1lnite

            You’re missing the space between the upper floor bedrooms. On 4, it’s 13′ 10″ + 13′ 10 = 27′ 8″ + the closets or the bathroom (about 9′), which matches what I got for the parlor floor. Throw in 6″ for the partition between parlor and DR and it’s about 37′. Front and back wall would have to be 3′ to give you a 40′ gross building depth.

          • The exterior wall are closer to 16″ or even 18″ thick each and the wall between the parlor & kitchen / dining room which has pocket doors is typically 9″. That’ll add up to 40′.
            on the 4th floor 13′-10″ is the width. but 15′-4″ + 15′-6″ + 6′-6″ for the bathroom and chase walls + the exterior walls again give you 40′.

          • bk1lnite

            You’re missing the space between the upper floor bedrooms. On 4, it’s 13′ 10″ + 13′ 10 = 27′ 8″ + the closets or the bathroom (about 9′), which matches what I got for the parlor floor. Throw in 6″ for the partition between parlor and DR and it’s about 37′. Front and back wall would have to be 3′ to give you a 40′ gross building depth.

        • bk1lnite

          From the floor plan, 24′ parlor + 12’5″ Dining room adds up to 36′ 5″. That is a shallow building for almost $1M per floor.

  • no-permits

    wait, so this place is roughly 25 deep?

  • thebrooklynbrawler

    Is that an ikea kitchen? Not that there is anything wrong with that, just curious…

  • minard

    do they want to sell or not?
    I think they’re just fishing.

  • minard

    do they want to sell or not?
    I think they’re just fishing.

  • It is such a sin that when they built these homes instead of the lots only being 3 windows wide giving you a large bedroom and a very small bedroom it would have of been nice if all the lots were 4 windows wide, thus giving homeowners 2 large bedrooms. man was even stingy back in the days, and nothing has chnaged. We cant even get a true 3 room apt anymore, it has to be 2 rooms….

    I always wonder why does every house, even in suburbia track homes, why does there always have to be a medium bedroom and a small one, why can’t they design these home to have 2 equally sized rooms.

  • Donald Brennan

    Dimensions that are presented on broker floor plans are typically the inside dimensions of the room. Comparable gross townhouse dimensions go from property line to property line across the width of the lot and from outside plane of front wall to outside plane rear wall. If you don’t have access to Propertyshark or cant’t navigate NYC sites that provide property dimensions you can approximate by adding at least 1 ft to width, if you see a dimension that represents a full width room, and if not add approx 6 inches for every interior partition and for depth add 2 ft to approximate thickness of front wall and back wall.

  • Considering they bought the place estate sale for 500k in 2000 and only took out 150k of HELOC, the renovations make sense (painted and puttied floors, ikea kitchen, some moldings that got chopped and never fixed, etc). My guess is the cheapness of the reno’s show clearer in person and don’t justify the tag; I don’t see why they don’t just drop it to where it will sell though.

  • slopefarm

    Looks like N-P is looking at the bedroom widths and adding them up.
    I used to live in one of the other buildings in that row; the whole row is about 40′ deep.

    I don;t get the white floor thing, though. It would be like living on the set of Clockwork Orange or something.

  • I’ve seen this place in person. It needs significant work. There are things like 1/5 of the crown molding being missing in the living room (corner not shown in the pictures), strange wall put in in the entrance hall, cheap kitchen, commercial steel sinks in the bedrooms (former SRO?).

    One should always see a place before falling in love. It avoids heartbreak.