House of the Day: 192 Park Place
We featured this Neo-Grec brownstone at 192 Park Place as an Open House Pick last week, but we think it merits a closer look. The owner, an LLC, picked it up last year for $630,000. It’s got everything, including new inlaid floors, vintage light fixtures, restored mahogany woodwork and plaster moldings, three mantels (including one wood burning fireplace),…
We featured this Neo-Grec brownstone at 192 Park Place as an Open House Pick last week, but we think it merits a closer look. The owner, an LLC, picked it up last year for $630,000. It’s got everything, including new inlaid floors, vintage light fixtures, restored mahogany woodwork and plaster moldings, three mantels (including one wood burning fireplace), all new mechanicals, zoned central AC, radiant floor heat in the bathrooms, a security system, a new facade and a new roof.
Set up as a triplex over a garden rental, it’s one of the better flips we’ve seen. Still, we would have handled a few things differently: The kitchen and back wall configuration is awkward and the floors look too modern, for example.
Did anyone see it in person? What do you think of it and the ask of $3,475,000?
192 Park Place [Corcoran] GMAP
How is it possible that the taxes on this house are $530 per year? Doesn’t seem right.
” The owner, an LLC, picked it up last year for $630,000″
I’d like to “pick it up” for $630K to and then flip it for close to 3.5M.
Don’t any of these prospective buyers ever ponder this? Big mark-up on a cheap developer reno, plus who got kicked out and screwed over for this sale? When will the buying public ever just say “no” to this madness that is going on. And NO, I am not jealous. I like to be able to sleep well at night. HIghway robbery all around. Surprised no one on here comments on this aspect of the house ” picked it up last year for $630,000″. People, how do you think they “picked it up” for that? Is this site just filled with brokers, or what?
You are making a lot of assumptions. Maybe the place was a total wreck when they bought it for that price. And the renovation doesn’t seem completely cheap to me, I bet they put in close to $800k to renovate just based on the pictures.
This isn’t the best PH block either. It is a mishmosh of types of houses, apartments etc. There is constant foot traffic coming from the subway exit just down the street a little and you are very close to the noise and traffic of Flatbush.
I doubt that’s going to hinder the home’s value. Once you’re inside of your house, noise level isn’t a problem…unless you’re on the corner of Flatbush. And the Flatbush perimeter buildings help to block sound when you’re in your backyard.
I live nearby so I felt entitled to post about this. You do hear street noise particularly from the north-south streets. We are on a different block in PH and can hear the B69 on Vandy which has a fraction of the traffic of Flatbush.
I agree with Dave for a large triplex you should have more kitchen and counter space. A strip kitchen with a 2 seat island is just not enough.
Red pipes look to be pex tubing. That can just be covered in black insulation and you wouldn’t even notice. And those are just radiator covers I think, can be switched out. I’m not crazy about the main kitchen layout either, and the rental “office” doesn’t seem to be needed.
Ugh you couldn’t be more wrong.
For most houses the kitchen ends up being the heart of the house. The family is always in and out of it, guests linger, people snack etc.. By placing the kitchen in the center of the main floor it takes advantage of the multipurpose functions. You can have a backyard soiree and slowly drift inside for drinks as it gets late, during more formal occasions it gives people a place to hang out besides the living room (perhaps mixing cocktails). It also provides a impromptu place to snack/eat/hangout and enjoy a green view.
A really nice part about having that much space is being able to enjoy it.