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August 24, 2006

Condo of the Day: Another Greene Ave Joke

house
A couple of weeks ago we posted about a house listed by Corcoran at 165 Greene Avenue that we thought was way overpriced at $1.65 million. Readers generally concurred. Now we find that an identical building three doors down at 171 Greene has been condo'd and they're trying to sell each floor for more than $1,000 a foot. Say what? Guess that explains why the owner of 165 Greene has priced his property so high. But $745,000 for 720 square feet in Clinton Hill? Come on. After all, for another $100K, you could buy this entire house a few blocks East on Greene.
171 Greene Avenue [Prudential Douglas Elliman] GMAP P*Shark
Crazily Overpriced on Greene [Brownstoner]




Posted by Brownstoner at 10:45 AM | Comments (11)
Categories: Condos

Comments

hahaha - I find it hysterical that one of the draws to this place is being near Park Slope. It's near if you have a car. Also, the location may be close to the C/G (the G being the road to nowhere subway) but is not walking distance to the express A. Lastly, I was one of the commenters on the earlier post, and I still say, absolutely overpriced for a neighborhood that appears "iffy" in the daytime.

Posted by: turtledove at August 24, 2006 12:42 PM

I love the G. I can nip down to Smith St for dinner, or up to BBurg to hang with friends, or get a block away from BAM if it's inclement weather. It comes relatively on schedule, and it surely keeps snobs out of the neighborhood.

And I am not even sure what iffy means, in this context.

Posted by: Anonymous at August 24, 2006 12:47 PM

jeeez. this makes the hotd listing seem almost sane. sellers need to take a reality check.

Posted by: csk at August 24, 2006 12:51 PM

People have time to waste like the Fillmore guy at 156 St. James I think it is.

Posted by: Anonymous at August 24, 2006 12:53 PM

i like the G too, and the neighb in question is nowhere near iffy.

Posted by: TonyTone at August 24, 2006 1:19 PM

nip down on the G?

You'd be better off walking for less than 3 stops.

My sister lives around the corner and has beautiful floorthru (800sq ft) in a great brownstone for 1250.

Posted by: Anonymous at August 24, 2006 1:46 PM

There's nothing iffy about that location at all. But that price for that row of "brownstones" is completely out of whack. I looked at a different one about a year and a half ago for 1.5. I couldn't believe they were kidding themselves like that.

I have a friend who lives in one of those buildings, and there's nothing wrong with them, but you can't expect to get what someone would pay for a 19th century brownstone when what you are offering is relatively new construction lacking the charms of an old brownstone.

Besides, if condos are selling in the Graham Home a couple blocks away for $650/sf, then this seller had better cut his sf price in half.

Posted by: Amy at August 24, 2006 2:59 PM

Are those houses newly built? If so why can't the Fedder houses be like that?

Posted by: FLBguy at August 24, 2006 5:37 PM

I looked at these when was looking to buy 4 years ago. There were 2 on the market, both priced at $750,000. These are newly constructed, thin walls, no character, cheap kitchens and bathrooms, and zero outdoor space...on busy Greene Ave.

Posted by: Anonymous at August 24, 2006 5:42 PM

I've lived in Clinton Hill for about a decade and have watched the transition, which has been overwhelmingly positive in my opinion. But the prices they're asking for those "brownstones" are pretty ridiculous, even though they do look better than a lot of the new Fedder-esque construction going on in the city. As for the neighborhood being "iffy", the poster is entitled to their opinion and we can agree or disagree. I just know I would take the grass and trees of Clinton Hill over any block in Manhattan without hesitation.

Posted by: ClintonHillster at August 25, 2006 12:26 PM

Kudos Brownstoner for keeping it real! You guys usually seem to endorse whatever crazy price is listed. I've lived in Brooklyn for 35 years and still can't figure out how it's worth it to buy a $2MM+ brownstone.

Posted by: Anonymous at August 25, 2006 4:44 PM

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