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July 12, 2007

House of the Day: 126 Pioneer Street

126pioneerfront.jpg
At less than 17 feet wide and 2,000 square feet of space, the house at 126 Pioneer Street isn't going sell itself on size alone. It is on one of the more charming blocks in a neighborhood that can be very hit-or-miss when it comes to streetscapes. The interior is pretty straightforward and unadorned but not in a cheap way. There's something about the place that has sort of a California vibe. Regardless, there aren't a ton of nice houses in the area so we suspect there will be plenty of people who'd be happy to make this their own. The real question is whether they'll be willing to drop $1,150,000 to do it.
126 Pioneer Street [Brooklyn Properties] GMAP P*Shark




Posted by Brownstoner at 1:15 PM | Comments (24)
Categories: HOTD, Red Hook

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Comments

According to Property Shark, this looks like it was bought in Oct 2005 for about $400k. $1.1 million now? Hahahahah

Posted by: anon at July 12, 2007 1:28 PM

Move the little house to Park Slope and it would be fairly priced.

Posted by: Sam at July 12, 2007 1:34 PM

I saw it a month ago. Didn't even want to make an offer. The house is bright, but has a bit of unfortunate home-handyman work in it. In the end you're buying two small and plain floors with a very small rental (no basement - so house mechanicals are in the rental). The "two parking spots" are the rear 50% of your garden which is on two levels, and not required in the area anyway. There is also no front stoop/area to speak of, just flies and garbage bins. It might sell to someone at 999k, I guess. There isn't much of anything in red hook.

Posted by: Anonymous at July 12, 2007 1:34 PM

I'm going to bid $1.5 for it. Laugh now -- that thing will be worth $5m in a few years.

Posted by: Benny at July 12, 2007 1:34 PM

Ooh, love the cats in a couple of the photos! One is in the all-black kitchen (the Darth Vadar kitchen) and one is on the round dining table.

Posted by: Anonymous at July 12, 2007 1:36 PM

Um, shouldn't this house be considered a legal 2-story house? (with furnished English basement that can't be counted, by law..)

Not trying to split hairs here, but when someone says 3-story, I am expecting 3 stories above street level.

Ah yes, there it is in the public filings (thx prop shark), 2-story:

Building dimensions: 16.67 ft x 30 ft
Lot dimensions: 16.67 ft x 100 ft
Stories: 2

Building SF 1,888
Residential SF 1,888

Hm. Wonder what they end up with for bids.

Posted by: webster at July 12, 2007 1:40 PM

So ridiculous, three-stories my eye.
they have a one-story cemetery plot to sell as well.

Posted by: Anonymous at July 12, 2007 1:48 PM

if they said 3 floors would that make you happy?
I think we all know when said 3 story was garden level and parlor level and 1 floor above that.
What people what whine about.

Posted by: Anonymous at July 12, 2007 2:00 PM

No, in actual 3-story homes there is usually a whole 'nuther basement underneath the garden level, so you are quite mistaken.

Posted by: webster at July 12, 2007 2:05 PM

There is always the one guy that thinks other posters are morons for pointing out that three stories means three stories not two stories and a basement.
Who is this guy? Mr Underground realtor?

Posted by: Anonymous at July 12, 2007 2:11 PM

I don't know where you see this information on property shark because I don't. If you go to NYC.gov website you will see that this place has been owned by the same person since 2000.

Posted by: Anonymous at July 12, 2007 2:14 PM

if you login to Property Shark (need a user name and password), it looks as though it was sold in 2005.

Posted by: anon at July 12, 2007 3:29 PM

NYC.gov website shows that owner refinanced in 2005. If Property Shark shows otherwise then once again they are providing inaccurate information. Property Shark should really not be relied on for accurate information.

Posted by: Anonymous at July 12, 2007 3:44 PM

I logon to propshark and I see no sale in 2005. Last one was in 2000.
Don't know what 3:29 is talking about.
And would not necessarily blame propshark for bad info. Is same info you find from city - so that is why not always to be taken literally.
(as in date built, size of structure,etc)

Posted by: Anonymous at July 12, 2007 4:22 PM

Property Shark is also very bad with accurate square footage. They are off by 400 sq.ft. on my property.

Posted by: Anonymous at July 12, 2007 4:26 PM

"According to Property Shark, this looks like it was bought in Oct 2005 for about $400k. $1.1 million now? Hahahahah"

if this person DID buy it for $400K, i think the jokes on you, even if it sells for $.95-1.0M

Posted by: Anonymous at July 12, 2007 4:35 PM

No way three stories - two stories plus basement (really more like a cellar). If it was a brownstone type configuration with a taller basement story, you could get away with calling this three stories. If you only have to walk up three or four steps, uh uh.

Posted by: Halden at July 12, 2007 5:19 PM

According to PShark:

It looks like one person took out a mortgage for $243k in 2000.

A different person took out a mortgage for $335 in 2005.

Make of it what you will.

Posted by: anon at July 12, 2007 6:05 PM

Sorry, that is cheap looking in the extreme. I wouldn't let my housekeeper live there.

Posted by: Farter at July 12, 2007 8:13 PM

Where is Pioneer Street?

Posted by: Anonymous at July 13, 2007 12:27 AM

That house was on the market for 400K
are you kidding me.I wouldn't live in that
thing if you gave it to me for free.

Posted by: Anonymous at July 13, 2007 7:52 AM

The house is quaint. There was a friendly dog and a TON of cats roaming around. The reno work was really home-made looking. There was one touch on the second floor where there was purposeful swiss cheese style holes in the sheetrock.

The yard is nice, and plenty big even when using the back for parking.

The basement an explosion of jerryrigged ikea cabinetry. It smelled like mold, cats and hospital cleaner.

We were still really thinking it was a cool place. But then we remembered they wanted over a million, and that you could get this kind of house in the south south slope (read gowanus or greenwood) for less and those houses have basements and better blocks and there are real subways that serve those areas.

The whole point of red hook was always that it's charm was based on also how cheap the place was. It was always a tradeoff/choice to live in an area with absolutely no infrastructure for the cheapness and that feeling that the turn of the century forgot about you. That house has less space than many cheaper condos or houses in much more desirable areas. The poster who predicted that the house will be worth 5Mill someday may be right. But other places will be worth more than 5mill when that happens. It's too bad. Why wouldn anyone want red hook to become overpriced anyway? It was such a nice place when it was quiet and cheap.

Posted by: Anonymous at July 13, 2007 10:04 AM

As someone who first looked at a house on Pioneer in 1999, and eventaully bought on a different block - Pioneer houses flood. Terribly. Everyime it rains.

Posted by: Anonymous at July 13, 2007 10:20 AM

i owned a 2 story + english basement house in the slope. never once referred to it as 3 stories. that is a joke. also, flooding in brooklyn in these old homes is a HUGE problem. you have to totally waterproof. this is costly and time consuming. do not ever think that you can use these english basements for anything without a major overhaul.

houses are so much more work than most assume (unless you've already owned one). most people have no idea what it means to be dealing with a 100+ old property. stay away unless you have extra cash.

the price for this is ridiculous. you can get a terrific new apartment for that price in a great neighborhood! And, without the scary upkeep / renovation bills.

Posted by: condo dweller at July 13, 2007 10:39 AM

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