« Development Watch: 525 Clinton Avenue House of the Day: 126 8th Street »
June 27, 2007
Co-op of the Day: 21 South Portland (Revisited)
When the owners of this parlor floor co-op on much-lauded South Portland Avenue in Fort Greene had it listed last Fall for $829,000, a bidding war broke out but the owners ultimately had to not sell it when they themselves were outbid on the house they were trying to buy nearby. Now it's nine months later, and, with the help of new-kid-on-the-block House By We (brainchild of Bed-Stuy-living, Brownstoner-reading, Wooster-Group-acting Ari Fliakos and his wife), the 1,175-square-foot two-bedroom is back on the market for $948,000. Will they get it? Probably, given the location, the unusually large size and the original details. (We know that kitchen ain't for everyone but we think there's something endearing about it.) Have there been any other parlor floor sales in the immediate area recently?
21 South Portland [NY Times] GMAP
Building photo by Sarah Westcott for Property Shark
Co-op of the Day: 21 South Portland [Brownstoner]
Trackback Pings
TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/1476
Comments
No chance.
It is a nice block, but not so nice that people are going to spend 1MM on a walk-up condo, esp considering that there will be thousands and thousands of nicer condos with more light coming soon at a cheaper price.
Posted by: Anonymous at June 27, 2007 12:51 PM
Why would anyone pay close to 1 million $'s on just one floor of a house??
Posted by: Anonymous at June 27, 2007 12:55 PM
well, they just paid $1.6 for 2 smaller floors on Grand Avenue...This is good 300 s.f. more than your average floor and in a fantastic location. we could be wrong--the market will decide however.
Posted by: Brownstoner at June 27, 2007 12:58 PM
What's the matter with the kitchen...it's excellent. Very European - looks like a kitchen from the south of France. So much better than the cherry/stainless/granite crap we see. All things that will scream "your house was redone around 2005"...
I hope they get their price.
Posted by: Anonymous at June 27, 2007 1:01 PM
Looks very nice, but $950k seems awfully steep for a place with just one bathroom.
Posted by: Ms. Brooklyn at June 27, 2007 1:09 PM
why use a marketing firm when they got a midding war all by themselves last time?
Posted by: Anonymous at June 27, 2007 1:10 PM
I don't get it. . . what is housebywe. . .
Are they real estate agents, glorified fsbo helpers or what?
Why pay them if you could sell thru a regular agent?
Posted by: tripster at June 27, 2007 1:33 PM
I don't see any contact info. for the seller on the NYT listing. Am I missing something?
Posted by: anonymous at June 27, 2007 1:55 PM
I'm sure they're FSBO-helpers, non-brokers, non-6%ers.. Altho I can't see what they've added to this listing. I wouldn't want to pay them even 1% (10k!)
Posted by: Anonymous at June 27, 2007 1:58 PM
i think it's kind of a good idea and I'M NOT CONNECTED WITH THE COMPANY in case anyone is wondering. but then again, interms of the company's services to buyers, isn't this what a buyer's agent would do.
Posted by: no bias here at June 27, 2007 2:11 PM
I'm sorry, but I went to the open house for this place last weekend and there was no second bedroom, just one small bedroom tacked on to the back of the building.
Are they counting the living room as a bedroom?
Posted by: Anonymous at June 27, 2007 2:14 PM
re: NYTimes ad -on far right contact info:
Erin Douglass
917.714.3722
Posted by: Anonymous at June 27, 2007 2:16 PM
I’m buying on MacDonough between Tomkins and Throop and that block is pretty green also. The people I am buying from told me that that block was greener a few years back but the city had to cut some trees down. I really wish that the city could have replaced these trees… Home owner blocks are always beautiful in any part of the city.
Posted by: MMM at June 27, 2007 2:33 PM
I live on MacDonough between Tomkins and Throop . Welcome.
Posted by: newbedstuy at June 27, 2007 2:57 PM
housebywe must be licensed by the state. Otherwise if they accept more than $25 they are in violation of NYS' real property law. Sounds fishy to me though that their website doesn't disclose that they are a licensed brokerage agency. Hello Andrew Cuomo anybody? Or maybe they just forgot to dislose their agency on the website. A little odd.
Posted by: Anonymous at June 27, 2007 4:04 PM
house by we are renovation experts who will project manage and design a renovation.
Posted by: anon at June 27, 2007 4:17 PM
in the "buy" and "sell" sections of the site (very nice site i might add), they are identified clearly as a licensed real estate broker. scroll down. looks like they help peeps "buy", "sell" and "renovate". smart.
Posted by: anon at June 27, 2007 5:31 PM
"Why would anyone pay close to 1 million $'s on just one floor of a house??"
b/c the whole house would cost 2.5 to 3 times as much? compare this to what you get in say Forte condos nearby for the same price and it doesnt look too bad, especially for someone who wants to live in a brownstone next to the park on a great block
Posted by: Anonymous at June 27, 2007 6:14 PM
I wish them luck finding a buyer who doesn't have to, or want to, pay any attention to comps. You are looking for an all cash buyer who doesn't need a bank to do an appraisal for financing to get approved.
Posted by: Anonymous at June 27, 2007 7:35 PM
The price is right for 1175 sq feet. They will get it considering the details and sq. footage.
Posted by: Anonymous at June 27, 2007 8:27 PM
I love Fort Greene, but think this is a lot of money and the maintenance certainly seems high as well. Almost $1000/month and no way to offset it with the rent of part of the house.
Very very very glad I'm in Bed-Stuy and bought a whole house for less on a beautiful block and have renters to offset the expenses. Not nearly as many amenities, but we sure save money eating at home!
Posted by: cc at June 27, 2007 8:40 PM
They'll get it.
Posted by: Anonymous at June 27, 2007 9:42 PM
This house is a gentle reminder of two facts: (i) B'Stoner would advocate his own mother's a-hole if it would net him a buck; (ii) B'Stoner has absolutely no taste.
Yes, this comment will almost certaintly be deleted. but it's goddarn true, and you know it.
Posted by: B'Stoner at June 27, 2007 9:49 PM
B'Stoner, you are wrong on all three counts.
I've always been curious about this, and perhaps you can enlighten me: why do some people focus attention on things they (supposedly) hate? What do you get out of it?
Posted by: Anonymous at June 28, 2007 10:04 AM
so overpriced, and for what? i too, am so very happy to be living in beautiful bed stuy/clinton hill in a 4 story house that's just minutes from s. portland...we've got 4 whole floors of that look!
Posted by: anonymous at June 28, 2007 1:40 PM
Anonymous poster at 8:27 and 9;42 please truthfully disclose your relationship to the seller? I posted at 7:35 pm and I am a Fort Greene resident.
Posted by: Anonymous at June 28, 2007 2:29 PM
Seems fishy to me that the person whose name is in the NY Times ad doesn't disclose that he is working for a licensed real estate broker or is the owner/broker. Is he working against the agency, or is the owner having to do the advertising instead of the agency, or is the agency choosing to avoid NY State laws here and disclose that they are a licensed brokerage.
Posted by: Anonymous at June 28, 2007 7:59 PM
2:29, hi there! I am the poster at 9:42 (not at 8:27) and not that it's ANY of your business, but just to humour your paranoid little butt, I don't have any relationship with the seller, I was just throwing in my 2 cents, like everyone else. Just because you don't LIKE my two cents, doesn't mean you have to suggest some friggin conspiracy. Freak.
And I live in Ft Greene too, woo hoo, big deal. I also have a country house on a volcanic island. Sue me.
Posted by: Anonymous at June 28, 2007 9:30 PM
"working against the agency", 7:59? huh? maybe it's a conspiracy...
Posted by: Anonymous at June 28, 2007 10:58 PM
Post a comment
Please be patient while your comment is published. It may take a moment.