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July 14, 2005

House of the Day: A Lot For That Muffler

windsorSome good friends of ours have one of these lovely rounded bay front houses in Windsor Terrace. Like this one a block away at 246 Windsor Place, it's incredibly charming and well-appointed. It is not, however, huge. They paid about a million bucks than three years ago; we'd thought similar houses in the area had appreciated to $1.3 or $1.4 million, so we were a little surprised to see that Douglas Elliman has this house listed for $1.7 million. Not a bad thing to say about it, but we'd have to think that this would be a record by a substantial margin if this goes near asking price. Maybe the locals can let us know if we're just behind the times on this one. It wouldn't be the first time we were wrong.
246 Windsor Place [Prudential Douglas Elliman] GMAP




Posted by Brownstoner at 10:48 AM | Comments (17)
Categories: Properties

Comments

Seems like a very liveable floor plan and nicely renovated. But still, that's a lot of money for the area, imo. I think people are trying to cash in before the supposed 'bubble burst.'

Posted by: Wendy at July 14, 2005 10:47 AM

this was an "open house pick" over a month ago, so no sale yet

Posted by: Anonymous at July 14, 2005 10:57 AM

Good memory. We'd forgotten!

Posted by: Brownstoner at July 14, 2005 11:39 AM

Yeah, we'd like nothing more than to see these guys get ask...but everyone I talk to about this--including the DE broker who lives down the street from us on Sherman--says they're on crack...

Posted by: Owen at July 14, 2005 12:02 PM

Ask has been dropped down to $1.6 on the PDE site...

Posted by: Owen at July 14, 2005 12:06 PM

Windsor Place is a long haul for those of us who work in Manhattan. The commute is much better from the M or R stops on 4th Ave than having to take the F, which is painfully slow at times. $1.6 million for a one hour commute and few good restaurants seems like a lot to this yuppie snob.

Posted by: Anonymous at July 14, 2005 12:15 PM

they paid only $625k, and that was 2 years ago. Sure, they probably spent some money on rehab, but $1.7 million? puh-lease.

Posted by: anonymous at July 14, 2005 1:03 PM

how can you determine how much the current owner paid for it?

Posted by: Anonymous at July 14, 2005 3:10 PM

Propertyshark.com

Posted by: Nativegal at July 14, 2005 5:03 PM

Very nice house. They excavated the cellar and put in a great bar/den/media room too.

Posted by: Anonymous at July 14, 2005 5:17 PM

I TOTALLY disagree about the commute comment. I live a block away from the house in question and have taken the F train EVERY DAY to work on 45th and Broadway for the past 2 years. AT MOST, it's a 40 min door-to-door. Plus, by car, you're only 10 minutes out of the city. Most folks don't know that this neighborhood sits right over the Prospect Expressway, a quick 5 minute jaunt from the Brooklyn Battery tunnel.

In sum: MUCH EASIER to get into the city by car than Park Slope, and only slightly (5-10 minutes) longer by train.

Quit hatin' on the Terrace!

Posted by: Owen at July 14, 2005 7:19 PM

Yes and no on the commute. The R is even more painfully slow than the F. But it's much faster if you transfer to the express at Atlantic -- you don't have a similar option with the F (except the A at Jay Street). But I personally wouldn't base the decision on commute -- don't think it's enough of a difference.

Posted by: linusvanpelt at July 15, 2005 6:57 AM

But disagree with Owen about WT being closer by car to the city. In the lower Slope, we're even closer to the Battery Tunnel -- a short hop down 9th Street.

Posted by: linusvanpelt at July 15, 2005 7:03 AM

good to know that Windsor Terrace is 10 minutes from and not in the city. Maybe I'll move there and not have to pay city income taxes.

Posted by: Anonymous at July 15, 2005 9:40 AM

Linus, we're both right. I'd never commute to Manhattan via car (that's why God made the F Train). However, on weekends, my wife an I often take our son into the city for Dim Sum, museums, etc., and we ALWAYS take the Prospect Expressway to the tunnel. It's quick and easy, with no traffic lights!

We lived in the North Slope for 6 years prior to moving to WT, and would often drive down 9th to get to the Battery Tunnel. Obviously you've got to contend with local traffic and streetlights. This is likely a better option during rush hour, when the backup from the BQE often spills onto the Prospect Expressway...

At any rate, either of these options is light-years better than fighting your way down Flatbush to get onto the Manhattan or BKLN Bridge.

And anyway, my main point was that the original comment regarding an hour commute was totally and utterly off-base. Written, no doubt, by some bitter North Sloper who has to justify having paid $800 per square foot for his/her pad...

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