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March 12, 2007
Residential Sales in Brooklyn
FORT GREENE $1,457,000
331 Adelphi Street
165-year-old, six-bedroom detached Greek Revival 2-family; duplex: 3 bedrooms, 1.5 baths, rear garden; other unit: 3 bedrooms, 1 bath, deck; 25-by-75-foot lot; taxes $4,025; listed at $1,495,000; 6 weeks on market. Broker: Aguayo & Huebener. Photo by Sarah Westcott for Property Shark. ARCHIVE!
PROSPECT CROWN HEIGHTS $265,000
1520 Bedford Avenue
640-sq.-ft. condo in a new building; high ceilings, hardwood floors, 2 exposures, roof deck and laundry room in building; common charge $222; 100% tax abatement; listed at $265,000. One week on market. Broker: Developer's Group.
Residential Sales [NY Times]
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Comments
we said it then, we'll say it again: that Adelphi house is a steal.
Posted by: brownstoner at March 12, 2007 9:48 AM
The Adelphi Street house is a great Brooklyn house.
Nice high parlor floor, roomy.
Adelphi Street has changed a lot over the years, for the better.
Posted by: serge at March 12, 2007 9:59 AM
I agree, for the location, though the interior did not appear to have much detail from the photos. That said, I do agree it is a great deal for the location.
Posted by: lp at March 12, 2007 9:59 AM
I agree that this was a great deal. I saw that announement of the sale in the Times over the weekend and drove over to make sure I knew the address. (I must have been working hard at my real job when you featured this, Mr. B., I missed that.) I love that house. I never saw the inside but if it matches the exterior, it is a winner. I love the house next door to it cornering on Lafayette too. Very nice.
Posted by: donatella at March 12, 2007 10:04 AM
It's a beautiful property and lovely location. Though homes like this do require some effort and upkeep. But I recall seeing this property during an open house last summer. So it seems like this has been on the market for 6 months and not 6 weeks, (unless, the time between the contract and closing took 4 months).
Posted by: Anonymous at March 12, 2007 10:37 AM
Oh, I just love a proper front porch! Better than a "stoop" imo. Nice house.
Posted by: Anonymous at March 12, 2007 10:46 AM
I saw this over the summer too, so it was not on the market for only 6 weeks. Why are homes so often listed as having sold quickly when they've been on the market for months? there must be some kind of loophole the brokers are using.
Posted by: at at March 12, 2007 11:51 AM
As to time on the market its two things. First the time is from the last pricing change to contract. Second, brokers frequently delist properties that aren't selling and than relist them as new. Happens quite often and is one reason why all stats should be looked at skeptically.
Posted by: Anonymous at March 12, 2007 12:00 PM
This is indeed a great place. Only real downsides are (i) needs a fair amount of reno work, e.g., rear kitchen in lower duplex is a mess, and (ii) both the building and lot are shallow, although that is offset to some extent by the nice width. There's also a giant brick wall right up against the yard, which blocks a lot of light.
Posted by: z at March 12, 2007 12:34 PM
reno! uGHHH I hope not. Restore, yes please. Its 165 yrs old. Renovation = expensive vandalism.
Posted by: Anonymous at March 12, 2007 3:29 PM
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