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February 9, 2007

Open House Picks

houseStuyvesant Heights
408 Stuyvesant Avenue Archive!
Halstead
Sunday 12-2
$2,100,000
GMAP P*Shark

housePark Slope
393 6th Avenue
Brown Harris Stevens
Sunday 11:30-2:30
$1,695,000
GMAP P*Shark

houseBoerum Hill
224 Wyckoff Street
Brooklyn Heights RE
Sunday 1-4
$1,600,000
GMAP P*Shark

houseBedford Stuyvesant
18 Herkimer Street
Corcoran
Sunday 12-1:30
$899,000
GMAP P*Shark




Posted by Brownstoner at 11:56 AM | Comments (39)
Categories: Open Houses

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Comments

Park Slope link is to Stuy Ave property.

Posted by: Anonymous at February 9, 2007 12:07 PM

The price of the Wyckoff Street house seems VERY high, given the size of the place and the fact that its in a "not so great" school district.

How does one justify these asking prices, when restored houses on this block sold around $1m to $1.2 a few months back?

Posted by: Boerum Hillsider at February 9, 2007 12:18 PM

thanks. it's fixed now.

Posted by: brownstoner at February 9, 2007 12:21 PM

The house in Stuy Heights is AMAZING!..... but 2.1 million????? They can't be serious about selling it.

Are they just trying to get in on the Wall St bonus money? What's the logic?

Posted by: ImNotYourDaddy at February 9, 2007 12:26 PM

The house in Stuy Heights is AMAZING!..... but 2.1 million????? They can't be serious about selling it.

Are they just trying to get in on the Wall St bonus money? What's the logic?

Posted by: ImNotYourDaddy at February 9, 2007 12:27 PM

Yikes. Some very aggressive pricing in this batch.

Posted by: z at February 9, 2007 12:36 PM

The house in Boerum Hill is right across from the projects! I mean right across. 1.6 is ridiculous.

Posted by: Anonymous at February 9, 2007 12:40 PM

re: boerum hill
It's not across the street from the projects actually, but it is on the block that is between Gowanus Houses and Wyckoff Gardens.

Posted by: allison at February 9, 2007 12:49 PM

I live in the Stuy. I love the Stuy but $2.1 muh-leeeeon dollars for that house. You must be out of your mind. And someone needs to tell Corcoran that, despite the success on Decatur, $900K is not the going price in the hood.

Posted by: Never Get High on Your Own Supply at February 9, 2007 1:03 PM

I believe the house on Sixth Avenue changed hands just a few years ago for about a million. If the countertops in the kitchen are blue, then this is the one. Read the ad copy, "Of course...." How pretentious! It was a nice house a few years ago.

Posted by: PPSer at February 9, 2007 1:08 PM

Does anyone know if the Stuy house is a flip? Also, what's the config on the apartments and how much living space will the owner potentially have?

Posted by: Anonymous at February 9, 2007 1:16 PM

I saw the 6th Ave house a few weeks ago at an open house. It was nice, but very narrow. It also lacked lacking space - it has a lot of bedrooms (4 I believe) but the living room is tiny and there is nowhere for a real dining table because the area in the kitchen where there is room for a table is quite narrow. Still a cute house though.

Posted by: anon at February 9, 2007 1:18 PM

I heard about the Wyckoff Street house 3 weeks ago from a prospective purchaser from Manhattan who was trying to find out what its like to live in the neighborhood. I could not believe the numbers then, but here they are in print. More that 400K above the last sale on that block and for that sized house. A very futuristic (6-8 years down the road) price.

Posted by: crouchback at February 9, 2007 1:18 PM

I saw the 6th Ave house a few weeks ago at an open house. It was nice, but very narrow. It also lacked living space - it has a lot of bedrooms (4 I believe) but the living room is tiny and there is nowhere for a real dining table because the area in the kitchen where there is room for a table is quite narrow. Still a cute house though.

Posted by: anon at February 9, 2007 1:18 PM

And lots of laughs over the photos of the Wyckoff house. Let's play "Where's Waldo." Where's the dog? Where's the bottle of Formula 409? I'm glad they made the backyard look nice and pristeen. Not!

Posted by: PPSer at February 9, 2007 1:20 PM

PPSer -- Now that was funny. I actually went back to look and find all the item.. bhahahahah....

Posted by: Anonymous at February 9, 2007 1:35 PM

PPSer -- Now that was funny. I actually went back to look and find all the items you mentioned.. bhahahahah....

Posted by: Anonymous at February 9, 2007 1:36 PM

wow if wyckoff gets anywhere close to this price, then I want to use this as comp when I sell my house. Because that means my house is worth half a mill more than this dump.

Posted by: Anonymous at February 9, 2007 1:52 PM

I saw the 6th Ave house a few weeks ago too. I thought the renovation was really nice. I thought the stairs were redone impeccably. Central HVAC is a plus. Without a rental, though, it'll be a slower sell at that price.

Posted by: Anonymous at February 9, 2007 1:53 PM

They say that "a fool and his/her money are soon parter". I am sure that some of the younger wallstreeters are non too happy to drop their free cash on these places with the mistaken beleif that they are making a good "investment". Sadly, as long as the economy stays strong this will keep happening year after year - kind of like a pyramid scheme. My heart goes out to the "poor" working class family who will soon have to commute in from out-of-state.

Posted by: Anonymous at February 9, 2007 2:00 PM

I disagree with you "High". I think $900k (or $899k) is the new price for a decent, average sized brownstone in da hood. But for some reason, I'm not grooving to the Stuy Ave place. As magnificent as it is, it's just not doing it for me. Probably because it's TOO pristine looking. I like 'em alittle rough around the edges.

Posted by: yente at February 9, 2007 2:07 PM

I think boerum hill is a completely over rated, overvalued area. i can not see why that area has those prices at all. for that monbey there are way more interesting areas with better value. just my outspoken opinion.

Posted by: Anonymous at February 9, 2007 2:12 PM

is anyone else having trouble finding 5 units in the Herkimer floor plan?

Posted by: anonymous at February 9, 2007 2:59 PM

3rd floor is 2 units

Posted by: Anonymous at February 9, 2007 3:02 PM

looks like a converted SRO?

Posted by: Anonymous at February 9, 2007 3:24 PM

Re: Park Slope...

There were a bunch of these narrow 6th Ave 15-footers that spent a long time on the market last year, listed at $1.45MM. Not sure all sold before properties were taken off market during winter dead period.

Was this property one of those?

$1.695 seems way high to me, but that's just me. Even if this one wasn't previously among those hanging on the market for several months at $1.45MM last year, this listing just seems like a "new year, higher price" move to me.

Are there any comparables for a 6th Ave 15-footer at anywhere near this price?

Posted by: webster at February 9, 2007 4:56 PM

Who's reflection is that in the blue mirror in the Wyckoff St house?

Posted by: Anonymous at February 9, 2007 5:32 PM

Gozar the Gozarian?

Posted by: webster at February 9, 2007 5:44 PM

Yeah, 2.1 mil is a lot for a house ANYWHERE (who can afford a mortgage on $1.68M anyway?), but $900K is not an outrageous price for an entire house in New York City 20 minutes from Manhattan.

The neighborhood has been undervalued for a while, so it's normal that prices are correcting to be more in line with the neighboring areas.

The Stuyvesant Ave. location is ideal - a block from the train - and those limestones on Stuyvesant are some of the most beautiful houses in the area.

The renovations look nice, although I'm a little confused by the drop cieling (is that the basement or something?). If I were thinking of buying, I'd be sure to check underneath the cieling to make sure there's no termites in the beam or joists under that. It's just me, but I'm paranoid about any basement with an enclosed cieling.

Posted by: Anonymous at February 9, 2007 7:46 PM

1.68M mortgage?
if you can only afford to put 20% down, you shouldn't be buying a 2.1mm property, period.

Posted by: Anonymous at February 9, 2007 8:12 PM

6th Ave house looks really nice. I predict it sells at or above asking. It's bidding war time again out here it seems. At least on some of the houses I looked at over the last few weeks. I don't want to live on such a busy street or else I'd buy the 6th Ave. house in a heartbeat. I am sick of renovating and would love to pay somebody to take care of it all for me so I can just move in and chill.

Posted by: Anonymous at February 9, 2007 9:54 PM

I saw the 6th avenue house a few weeks ago and the realtor said the owners weren't prepared to close until May.

Posted by: Anonymous at February 10, 2007 10:32 AM

I saw the Herkimer place last week. Really nice place, very solid building, but the lot is truncated in the back: about thirty feet from the front of the property line, the western property line cuts diagonally inwards, making for an awkward rhomboid shaped kitchen and backyard.

Posted by: housed at February 10, 2007 11:05 AM

I thought the 6th Ave house would sell in a bidding war too, 9:54pm, but it's been on the market several weeks. Everyone must be right; it's overpriced. I'd love to move into a pristinely renovated house too! But we didn't have the extra $800K to do that.

Posted by: Anonymous at February 10, 2007 5:46 PM

I think that Burrom Hill's house worth about 1.5m. you can't find any inventory in this area less than 1.9m. On Dean st houses go in average of 2.35m.
It's true that the project it's not great, but this project it's not so tough. Just look on recent sale on a condo on the project (Warren st) for 700 a foot.

Posted by: Anonymous at February 11, 2007 9:56 AM

The house on Sixth Avenue that Brown Harris has is small with no dining area. Nice renovation. I guess they thought since not much was on the market they would get their price. I guess that is not happening. The borker clearly overpriced it.. $1.45 to $1.5 is about the top of it.

Posted by: Park Slope Mom at February 12, 2007 8:22 AM

I agree about the 6th Avenue house. It's a lovely little house, but at that price a separate dining room should be a given. I also visited a house a block north on 6th Avenue in summer of 05 that had a kitchen extension, allowing for a full dining room in front. It made a huge difference in the amount of living smace on that floor. It was on the market for 1.45M last I saw and it was taken off the market (betancourt had the listing). It needed some renovation (kitchen slightly dated but fully functional - 80s/90s reno) and the 3rd floor was a granny suite that would have needed attention to make it suitable for a single family. Too bad both of these are about twice what we can afford or I'd have seriously considered both in the 1.3-1.4 range!

Posted by: Wendy at February 12, 2007 10:20 AM

Well I guess most of us were wrong about at least one of these - 393 6th has accepted an asking price offer!

Posted by: Jackie at February 13, 2007 11:20 AM

Wow - 1.695 for a 1734 sq ft townhouse with no dining room. That's $978 per sq ft! It may be in great shape, but that doesn't seem in line with the market to me.

Posted by: Ron at February 13, 2007 2:01 PM

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