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January 8, 2008
Co-op of the Day: 110 Hicks Street, Reduced
Even blue chip nabes get the blues. This duplex in the brownstone at 110 Hicks Street in Brooklyn Heights was on the market with Citi-Habitats in late 2006 along with the apartment above it for a combined $2,850,000. It didn't sell at the time, and the units showed up separately (with the option to combine) this fall. The larger, lower duplex was originally asking $2,400,000. After two months of no takers, however, the asking price was cut to $1,990,000 right before Christmas, bringing the combined price basically back to where it was in '06. Here's what we said about it at the time:
Granted it's in prime Brooklyn Heights and the interior is nothing to sniff at, but it doesn't have that somethin' special (over-the-top historic detail, for example) that we think you need to justify that price in this configuration. We think it's going to be hard to find someone with that kind of dough who wouldn't prefer his own house.
Don't see any reason why that logic wouldn't still hold.
110 Hicks Street, Unit 1 [Douglas Elliman] GMAP
110 Hicks Street, Unit 2 [Douglas Elliman]
Co-op of the Day: 'Spensive on Hicks [Brownstoner]
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Comments
Park Slope amenities are the best. Beats all the rest. It’s the best neighborhood for everything. Everyone can agree on this.
Posted by: guest at January 8, 2008 12:54 PM
I think you're right, everyone will agree on this
Posted by: guest at January 8, 2008 12:59 PM
If Cobble Hill get a 7-11, it will then be the best
Posted by: guest at January 8, 2008 12:59 PM
No, no - if Brooklyn Heights got a 7-11, it would be the best
Posted by: guest at January 8, 2008 1:05 PM
This has nothing to do with the neighborhood getting the 'blues'...This is overpricing, plain and simple...The current owner paid too much back in '06...just bad business...
Posted by: guest at January 8, 2008 1:10 PM
uh--wrong thread????
Posted by: guest at January 8, 2008 1:15 PM
horrible flow for this space. you can get a condo duplex with way better proportions and central AC and add this little detail in if you want it and save buckets.
Posted by: guest at January 8, 2008 1:16 PM
why do they put the bedrooms on the ground floor with the patio -- you want to entertain from your living area not your bedroom.
Posted by: guest at January 8, 2008 1:46 PM
this place doesn't excite me.
Posted by: guest at January 8, 2008 1:48 PM
this place doesn't excite me.
Posted by: guest at January 8, 2008 1:48 PM
Stones:
You've got it right on this.
The broker is smoking cracks if they think they will get this type of dough for this pad.
Posted by: guest at January 8, 2008 1:49 PM
Let me see, this motherfucker paid $1,790,000 for a DUPLEX in 06?????!!!! Now he wants to sell it for $2,400,000???!!! You tell me America isn't fucked up!!!! Greed greed and some more greed!!!!! Stupid motherfucker!!!
The What
Someday this war is gonna end...
Posted by: guest at January 8, 2008 1:50 PM
I agree with The What---what makes someone think they're entitled to a $600K appreciation, for an already overpriced unit, in ONE YEAR?
Posted by: guest at January 8, 2008 2:00 PM
I agree. I hate the bedrooms on the lower level....It's a complete waste of space.
Oh and by the way...Park Slope is a nice area but parking sucks!
A ClintonHillLady
Posted by: guest at January 8, 2008 2:15 PM
ClintonHillLady...
Tell me what other neighborhood in NYC (besides Park Slope) is berated for its parking situation...because last I checked, parking all over the city was horrendous.
Ever tried to park on the Upper West Side?
You are in the wrong town if that's your top priority.
Posted by: guest at January 8, 2008 2:20 PM
Why bother with this puny flophouse when you can get a true gem a few blocks away for a cool $12.5 million? Heck, it's only $10.5 million more, but it comes with parking - take that, Park Slope!
http://www.kevincarberry.com/2007/09/26/88-remsen/
Posted by: guest at January 8, 2008 2:41 PM
I take the following quote from 2:41's $12.5 mill listing in order to put to rest once and for all the question of whether top wall streeters ever live in brooklyn: "This grand piece of history has been home to many fine families, including, for thirty years, the former chairman of Morgan Stanley."
Posted by: guest at January 8, 2008 2:52 PM
Actually...I have no issue parking in Clinton Hill or Crown Heights. I made the comment because folks seem to believe that everything about Park Slope is perfect and to be honest it's not...It's crowded and parking is a Bitch!
I love Brooklyn and have no intent on leaving but come on when purchasing property one must consider the parking issue.
Posted by: guest at January 8, 2008 2:53 PM
The current chairman of Morgan Stanley will be lucky to afford Bed-Stuy if he keeps forgoing his bonus
Posted by: guest at January 8, 2008 3:08 PM
"This grand piece of history has been home to many fine families, including, for thirty years, the former chairman of Morgan Stanley."
It's a typo. They meant to say, "the former chair man, Morgan Stanley" (a well known furniture maker).
Posted by: guest at January 8, 2008 3:10 PM
"I love Brooklyn and have no intent on leaving but come on when purchasing property one must consider the parking issue. "
Are you serious?? Why the hell do you live in the city, if parking is such a concern for you. Most people I know do not have a car, but rent one when needed (and yes, many of them DO have kids). Why live in a city if a car is so important to you? Absurd!
Posted by: guest at January 8, 2008 3:15 PM
"come on when purchasing property one must consider the parking issue"
Uh, hello: mass transit and Zipcar? Lots of us in this city don't give a second thought to parking.
Posted by: guest at January 8, 2008 3:17 PM
I bought a parking spot in a garage and I live there. Cheaper than a house and easier to clean, but it is very hard to insulate.
Posted by: guest at January 8, 2008 3:44 PM
I bought a house and park my car in the living room. Cheaper than a garage space, but it is very hard to keep the oil stains off of the sofa.
Posted by: guest at January 8, 2008 3:55 PM
i love having a car. if you have weekend activities or a second home, totally necessary. renting a car is a huge pain in the ass if it's every weekend, and way more money. plus, if you ski, you want all wheel drive. the one year i didn't have a car and needed one, i had to call five places to get the last car for $124 that didn't have power steering!
I live in brooklyn now, but it is true that it's easier to find a parking spot to rent in manhattan. PS is the worst there's just no where to park. North Brooklyn is better, but afraid that my current lot will eventually turn into a condo.
Posted by: guest at January 8, 2008 4:11 PM
"PS is the worst there's just no where to park."
What are you talking about? I don't own a car, but whenever car-owning friends visit me in the Slope, they NEVER have trouble finding parking. Certainly no more trouble than any other neighborhood in this city.
Perhaps you just offended the Parking Gods.
Posted by: guest at January 8, 2008 4:21 PM
Those of you who are suggesting wasting a parlor floor with massive ceilings on bedrooms instead of living space are totally nuts. Of course you'd put the bedrooms on the lower level.
You want backyard entertaining, build a deck or stairs down to the garden off the parlor level.
Posted by: guest at January 8, 2008 4:21 PM
4:21, you expect too much if you think people like 1:46 are actually going to bother to look at the floorplan before posting.
Yes, there is a stair from the parlor level to the garden.
Posted by: guest at January 8, 2008 4:41 PM
4:11--many city dwellers do not have a second home or ski vacations for which they need a car.
Posted by: guest at January 8, 2008 5:06 PM
i'm sitting right now in my apartment in park slope and see THREE parking spaces right outside my front door.
i have friends visit all the time and 9 times out of 10 they end up parking ON MY STREET without delay.
people who complain about park slope parking are the same ignorant bunch that complain about strollers and anything else they can think of.
you think parking is a problem in park slope, clintonhilllady???
i think crime, poverty, lack of transportation, grocery stores or park and crappy schools are a problem in clinton hill.
Posted by: guest at January 8, 2008 5:07 PM
5:07 - I am guessing that's because that side of the street has no parking at some time tomorrow due to alternate side of the street parking rules. That's what can make it easy for out of town visiters who come in the evening to find spaces. If you live here and have a day job that takes you out of the nabe, you need to have a space that good at least until the next evening. That's why I use a garage. For those of you who don't understand why people own cars, don't try to understand. People own cars for whatever reason. Lots of people own cars which is clear from all the cars parked on the streets at all hours.
Posted by: guest at January 8, 2008 5:17 PM
People don't own cars in NYC. The cars own the people.
Posted by: guest at January 8, 2008 5:34 PM
my street cleaning is tuesday (that would be today) and thursday.
so what's your excuse again??
still two spots sitting there empty right this very second and it's now approaching 6pm.
and i'm between 7th and 8th on a named street, so quite prime i'd say.
i'd love to hear your explanation.
Posted by: guest at January 8, 2008 5:34 PM
Drinks at my garage parking spot tonight at 7. Who wants to come?
Posted by: guest at January 8, 2008 5:49 PM
has anyone heard of garage condos? I heard there were a few throughout the city.
Posted by: guest at January 8, 2008 6:29 PM
You would be surprised how many people own cars in Brooklyn. I'm not an advocate of owning cars; I'm just pointing out what I learned only recently. Almost all our neighbors have cars. It's often people with kids in private school outside their neighborhood, and people with summer or weekend houses or who leave the city on daytrips a lot. And obviously people whose work requires hauling some stuff around, like in design or architecture. I agree with the Clinton Hill lady. If you know for your lifestyle you'll want to own a car, consider parking along with everything else when it comes time to buy. Look for a garage to rent nearby, something. There was that NYC study in 2007 that said at any given time 50% of the cars driving around Park Slope were merely looking for parking.
Posted by: guest at January 8, 2008 7:15 PM
Hey people--most everyone who lives in Manhattan and owns a car parks it in a garage. Is this concept so foreign in Brooklyn????
Posted by: guest at January 8, 2008 9:08 PM
It kind of is, yes 9:08! Most people in Brooklyn have to drive around and around looking for street parking. Some neighborhoods simply have no garages at all. Park Slope has what, one on Union Street and that's it.
Posted by: guest at January 8, 2008 10:41 PM
I own a car and I use it to run down the people all over Park Slope. Extra points for the Food Co-op trash, Slope moms capable of reproduction and any and all children in strollers.
Posted by: guest at January 8, 2008 11:26 PM
Actually, this property has been owned for years by the owner. Priced too high? The broker, who now has the the listing, gave a price she knew would guarantee that she obtained the listing. She knew the property would not sell at the original asking price as it needs work. Accountability belongs with both the owner and broker. The owner has been completely unrealistic - twice. Greedy owner and broker. Waste of time for all parties involved.
Posted by: guest at January 8, 2008 11:45 PM
The world must be ending if a duples is "on;ly" $2.0 million?
Posted by: Boerum Hill at January 9, 2008 11:12 AM
I actually like having the bedrooms on the ground floor and the living space on the "grander" parlor floor. In a duplex, seems like it would be a waste to put bedrooms on the parlor and have to live in the lower-ceiling ground floor? We're renovating a duplex now and that's how we're setting it up.
Posted by: guest at January 9, 2008 11:34 AM
Kitchens in both apts are poorly done. sure the appliances are nice and shiny, but they both defy the classic "U" configuration.
Posted by: guest at January 9, 2008 1:06 PM
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