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June 7, 2007

House of the Day: 73 New York Avenue (Revisited)

73NYave0607.jpgWe took a gander at this listing at 73 New York Avenue in Crown Heights last October when it was with Corley Real Estate asking $1,429,000. Fast forward eight months and the thing hasn't sold. What's your move as the owner? Jack the price another 10 percent and give it to a brokerage firm with almost no reach with buyers looking to drop $1,600,000 on a house. Of course, the point is kinda moot, since even buyers who can spend that much ain't gonna do it here (even though the house itself certainly has its charms). The house has been carved up into four units, the site didn't make the cut into the historic district and there's a bus stop right in front of the house. Doesn't mean there wouldn't be a line around the block at the right price but this asking price is a pipe dream.
73 New York Avenue [Century 21] GMAP P*Shark
House of the Day: 73 New York Avenue [Brownstoner]




Posted by Brownstoner at 1:33 PM | Comments (12)
Categories: Crown Heights, HOTD

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Comments

Why is this house worthy of a discussion?

Posted by: Anon at June 7, 2007 1:59 PM

Cen21 has to come of age. They are horrible selling Brooklyn Homes. Not to mention their website needs an upgrade. I agree with Mr.B. This house is a pipedream.

Posted by: Anonymous at June 7, 2007 2:04 PM

It irks me no end that brokers use this picture and call it the front of the house, this is the side of the house, as facing Pacific Street. The actual front of the house, with a jaunty lion guarding the stoop, is on New York Ave. Perhaps it's the large overgrown ornamental tree in front, or the bus stop that takes away from the curb appeal, but that is deceptive advertising.

This is a fine house, but the owner must be trying to find a developer who will pay big bucks for the lot, because this neighborhood cannot support a price of a million-six. I've been in several flawless homes in the nabe that may go for over a million to a smitten buyer, but in general, the neighborhood is not there yet, for which I am grateful. All of this is a shame, as the owner literally rescued the house from the dead in the 80's, and has done a lot of work. Since she must want to move on, she deserves a good return, but I don't think she will get more than $900K from someone who wants it as a home. I don't think the large house next door, which was a total burnt out shell gut rehab, and is now a 3 family, went for more than that. These are the only two houses on that block, the other two being a parking garage and the auto repair garage on the corner of Atlantic Ave.

Century 21 (why?) has had the listing for at quite a while now, and I haven't seen too much interest, and I literally live around the corner, and pass the house at least twice a day.

Posted by: Brower Park at June 7, 2007 2:08 PM

Clarification - there are only 4 buildings on the block, this house, another mansion next door, and the parking lot and auto repair garage.

Posted by: Brower Park at June 7, 2007 2:11 PM

I don't blame the owners for changing the broker....we bought our house through Corley, and he was deeply incompetent......

This house should sell for above $1.3 million, ....that would still only be $275 psf

Posted by: Anonymous at June 7, 2007 2:26 PM

This is a truly beautiful house on a truly bad block. I looked at the house next door about 4 years ago. It's really unfortunate that the block got so butchered.
Hopefully it isn't sold to a developer as a tear down. I'm keeping my fingers crossed.
I'd guess the place will go for closer to $850 if they actually want to sell it.

BTW.... the g-map link is to Beard ST

Posted by: ImNotYourDaddy at June 7, 2007 3:02 PM

This is a truly beautiful house on a truly bad block. I looked at the house next door about 4 years ago. It's really unfortunate that the block got so butchered.
Hopefully it isn't sold to a developer as a tear down. I'm keeping my fingers crossed.
I'd guess the place will go for closer to $850 if they actually want to sell it.

BTW.... the g-map link is to Beard ST

Posted by: ImNotYourDaddy at June 7, 2007 3:02 PM

GMAP -- Wrong address

Posted by: sarah at June 7, 2007 3:16 PM

I second that the first problem was listing it with Corley real estate. We had to BEG Michael Corley to let us look at some of the houses he was selling last year. He never had the keys, canceled appointments at the last minute or just didn't show up. Although, he did have some of the most creative excuses I have ever come across.

Posted by: Anonymous at June 7, 2007 3:32 PM

I bought a house in Clinton Hill through Mike Corley and had a good experience. It was an estate sale that involved reluctant familiy members and a lawyer who moved at a glacial pace. Corley was responsive, straightforward, and helpful. I'm not suggesting that the other experiences described are inaccurate. Just saying that my experience was positive.

Posted by: Anonymous at June 7, 2007 3:39 PM

My goodness, it has a 4 car garage though!

Posted by: Anonymous at June 7, 2007 6:40 PM

My goodness, it has a 4 car garage though!

Posted by: Anonymous at June 7, 2007 6:41 PM

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