House of the Day: Overpriced on St.James?

house
This five-story house at 286 St. James Place in Clinton Hill is nice enough but for $1.65 in this location we'd hope to get more than 16 feet of house. Plus, although the listing says the interior of this four-family place is in good shape, we'll remain skeptical until some photos go up on the site. Unless the interior is really spectacular, this feels more like a $1.45 million house to us. And when you consider that the new owners will have a massive construction project going on out their rear window for the next two years, maybe less. Thoughts?
Lefferts House [Prudential Douglas Elliman] GMAP P*Shark

Comments

Even better than the 'art deco' building condo on Wyckoff/Smith is
this '1930s' house thanks to our listing realtor who really must know her stuff. And she adds near to Atlantic Yards and new METS stadium.
Wait till DDDB hears this.

Posted by: Petebklyn at July 11, 2006 12:35 PM

Whatever price they get, they need a new broker. That house dates from the 1880s I believe and the "METS" vs "NETS" typo, if that's what it is, is pretty bad.

Also, I agree that we need interior shots.

As far as being "in the vicinity" of the proposed NETS arena, I guess that is somewhat correct, though if you walked there from this St. James location it would take you the better part of 30 minutes to get to the intersection of Flatbush and Atlantic. You could take the subway or a bus I guess which would be much faster (C train one stop or a bus down atlantic ave).

Posted by: 1847 at July 11, 2006 12:59 PM

Maybe we're biased cuz we live pretty close to here, but proximity to Nets arena doesn't seem to be a big concern for this immediate area. Too far away for basketball fans to park, that's for sure...

Posted by: brownstoner at July 11, 2006 1:23 PM

I agree. It is a funny selling point considering the distance from the proposed arena. If you were for the arena plans, it's not like it is that close. A very long walk or a subway ride...

Posted by: 1847 at July 11, 2006 2:22 PM

Looks closer to 0.45 million than to 1.45 million to me -- especially with all the recent shootings in this hood. You would have to be smoking some of the stuff they sell on the street corners to pay 1.45 for this.

Posted by: Blabber at July 11, 2006 3:41 PM

I wouldn't let the random recent incident scare you Blabber. Cl. Hill is much better than years ago from a crime perspective. I do think this is on the high side for a narrow place, especially with the large condo construction about to begin behind it on Washington Ave.

Posted by: 1847 at July 11, 2006 4:10 PM

Why 3 exterior shots of the house? Makes no sense and for that money people may get turned off because it looks like the broker doesn't think the house is worth what they're asking and is hiding something.

Posted by: Bx2Bklyn at July 11, 2006 4:30 PM

Maybe it's the interiors that date from the 1930's, hence the lack of pics.

Posted by: babs at July 11, 2006 5:09 PM

Goes to show you that you don't need to know anything about 1)History, 2)Architecture, or 3)the neighborhood you are selling in, in order to be a real estate agent.

I'd be really embarassed to have said that the house dates from the 1930's, when it should be common knowledge that most of the row houses in New York City are over 100 years old, even if you didn't have a more exact date.

Can't tell you the number of times I've also heard RE agents tell buyers absolutely ridiculous "facts" about features in brownstones and other old homes.

DO SOME RESEARCH!!!!

Posted by: CrownHeightsProud at July 11, 2006 5:23 PM

Broker says "Investment property...Fully renovated top floor apartment."

Probably won't be delivered vacant (lack of interior photos wreaks of pending leases) and must need renovating (albeit not gut) elsewhere. C'mon. I don't see this place moving for more than a mil (probably 750K if not sold quickly). It's between Fulton & Atlantic. I do see Nets fans parking in these parts in future. Not a far walk to AY (extends all the way to Vanderbilt).

Posted by: getoffmystoop at July 11, 2006 7:13 PM

totally out of sinc with the market

Posted by: b&binb at July 11, 2006 8:24 PM

Arena parking won't be an issue here, it is too far. The arena is at Atlantic and Flatbush, not at Vanderbilt. Vanderbilt is the beginning of the future condos/office towers and is four blocks away. Another half mile or so down Atlantic is where the arena will be.

I do think this is a high price though because of the narrow width of the house. Wide well maintained houses on the much nicer Lefferts place blocks (between St. James and Grand, and between Grand and Classon) fetch in the 1.5m area. So to ask this much for a narrow place (albeit 5 stories) is probably pushing it.

Posted by: 1847 at July 12, 2006 11:53 AM

What's that gated opening to the immediate right of the house in the picture?.

Posted by: Ben Dover at July 12, 2006 11:10 PM

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July 11, 2006

House of the Day: Overpriced on St.James?

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