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April 26, 2007

House of the Day: 920 8th Avenue

920_8thave.jpg
This five-story brownstone on 8th Avenue just north of 9th Street just hit the Brown Harris Stevens site at $3.25 million but there's scant info and no photos as yet. Judging from the crappy windows and the fact that this is a four-family house, we're going to take a flying leap and guess that the interiors are not in pristine shape; conversion to a one- or two-family would be a sizable (and expensive) job. While this is a very generously-sized, old-school brownstone, we think it's going to have a tough time competing against other Slope houses in the $3 million-plus market. How do you think it stacks up against 52 Montgomery Place at $3.675 million or 527 Third Street at $3.4 million? Then again, it may not be a fair comparison: The likely buyer for this place may be a developer who will create five million-dollar-plus floor-through apartments.
920 8th Avenue [Brown Harris Stevens] GMAP P*Shark
House of the Day: 52 Montgomery Place [Brownstoner]




Posted by Brownstoner at 1:28 PM | Comments (14)
Categories: Brooklyn, HOTD, Park Slope, Real Estate

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Comments

How about we start seeing some houses of the day that are affordable to everyday people?

Posted by: Anonymous at April 26, 2007 1:27 PM

Brownstoner,
what makes you think these buildings were built as single family houses?
They don't look it to me.
These are walk-up flats.
Possibly hot water flats
given that they are faced in nice Brownstone.

Posted by: Serge at April 26, 2007 1:30 PM

Are you all sure that's brownstone facing? Looks like kind of an orange-y brick, to me, and very few of the buildings along 8th in that neck of the woods are brownstone. Lots of limestone and brick around there.

Mr. B is right; this one probably makes more sense as a co-op or condo conversion.

Posted by: Anonymous at April 26, 2007 1:51 PM

Hmmm. Used to be doctor's offices on the ground floor. Reno went on over a year.

Didi they do a decent job?

Posted by: lostinbrooklyn at April 26, 2007 1:59 PM

I'd agree will be coop/condo conversion. Also agree that not built as single family.

Posted by: Anonymous at April 26, 2007 2:00 PM

I thought they were alternating brick and brownstone facades, but maybe they are alternating light brick and dark brick. Either way, a nice row of flats buildings. porbably circa 1896.
The thing to do here would be to join two or more of them so you could put in an elevator and second means of egress inside.

Posted by: Serge at April 26, 2007 2:23 PM

thing is...even if you turn these into 5 floor thrus, at 3.5 million dollars, you'll probably need what...at least 500K-1 million to renovate and then you aren't looking at a huge profit if you sell for a million a floor...

Posted by: anon at April 26, 2007 2:48 PM

"Judging from the crappy windows and the fact that this is a four-family house, we're going to take a flying leap and guess that the interiors are not in pristine shape; conversion to a one- or two-family would be a sizable (and expensive) job."

Brownstoner, please stop. Not every 20' wide townhouse in brooklyn needs to be converted to a single family (with appropriate details, of course)

Posted by: Anonymous at April 26, 2007 3:35 PM

This is a five story five family brick house (with brownstone at the garden level) built as flats, not as a single family house. The price is out of line, but if someone will pay it, it isn't, so time will tell. I'll take a wild guess and say that the interior is not at all comparable to other houses nearby in that range.

Posted by: anon at April 26, 2007 5:30 PM

There's been construction going on at this site for months so some sort of renovation has taken place.

Posted by: Anon at April 26, 2007 5:51 PM

"How about we start seeing some houses of the day that are affordable to everyday people?"

This website is about brownstone Brooklyn. Everyday people can't afford these houses. Those days are over.

Posted by: Anonymous at April 26, 2007 6:26 PM

"There's been construction going on at this site for months so some sort of renovation has taken place."

No, that's the building two houses to the right, where the condos are on the market for 800 something to 900 something.

Posted by: anon at April 26, 2007 6:28 PM

Our co-op was in a similar type of building in North Park Slope, but a brownstone not brick, and it's true they were built as flats. Not houses. There are a ton of apartment buildings like this in Park Slope.

Posted by: Anonymous at April 27, 2007 9:15 AM

Whatever happened to this townhouse? It was posted on Brown Harris Stevens for a little while, but it's gone already. Does anyone know if it was sold, or just pulled from the market for some reason?

Posted by: anon at May 21, 2007 8:55 AM

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