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January 31, 2008
House of the Day: 10% Off at 155 Warren Street
A 10% price reduction might not sound like all that much, but when the original asking price was $8,750,000, as in the case of 155 Warren Street, it translates into "savings" of $875,000. Judging from the 134 comments this generated as a House of the Day in October, however, we're guessing that popular opinion will still be that the new number of $7,875,000 is still a pie-in-the-sky price. Given that it's still coming in at over $1,100 a foot, we'd tend to agree.
155 Warren Street [Brown Harris Stevens] GMAP P*Shark
House of the Day: $8.75 Million in Cobble Hill? [Brownstoner]
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Comments
i'm so sick of talking about overpriced properties.
can't we talk about park slope more, where everything seems to be cheaper, these days?
now with cobble hill and carroll gardens asking these obscene prices, i'm once again looking in park slope where prices seem more modest.
Posted by: guest at January 31, 2008 1:30 PM
No way, Jose. Not in this market.
Posted by: guest at January 31, 2008 1:30 PM
Wrong side of Atlanitic for that price. But like all other "overpriced" listings, it'll go for close to ask. I don't hate the sellers/brokers, I hate the buyers.
Posted by: guest at January 31, 2008 1:33 PM
when did cobble hill, brooklyn become beverly hills?
was i napping?
Posted by: guest at January 31, 2008 1:35 PM
If this were in Carroll Gardens....Oh let's just let that old saw die already.
Posted by: guest at January 31, 2008 1:35 PM
Not good news:
http://pardonmeforasking.blogspot.com/2008/01/is-smith-street-fizzling-out.html
Posted by: guest at January 31, 2008 1:38 PM
Did someone say, Carroll Gardens? I'm HUNGRY!!
Posted by: guest at January 31, 2008 1:39 PM
more overpriced crap:
http://curbed.com/archives/2008/01/31/development_du_jour_116_3rd_place.php
Posted by: guest at January 31, 2008 1:39 PM
Sexy time!
Posted by: guest at January 31, 2008 1:53 PM
It's a lovely house just priced way too high [even in a Bull market] for Cobble Hill. It is about location. How would it even appraise?
Posted by: BklynHouseLover at January 31, 2008 2:02 PM
The price on this place looks totally reasonable & it's near BAM Cultural Distric & close to trains. What do you think? Great deal w/ all that's going on @ BAM
http://tinyurl.com/34tes5
Posted by: guest at January 31, 2008 2:04 PM
Seriously this price reduction is a joke. If you weren't interested in the property at $8.75m then you're still not at $7.875m. Sure there is some buildable FAR at the rear which backs onto Verandah Place and the property is pretty unique in that it does offer garaged parking and it is in a great neighborhood. Without the additional 25 x 50 plot of land that houses the garage (er ... I mean carriage house) then the house on Warren is worth $4m tops and probably somewhere around $3.5m. I really fail to see the how the garage doubles the value but if they justify it by it's uniqueness then they should not advertise it publicly and quietly market it to a Captain of Industry/HedgeFund/Bank or Hollywood star. At least then they'll escape the derision that they received back in October and continue to receive now.
Posted by: guest at January 31, 2008 2:07 PM
If this house was in CG it would be 50 million
Posted by: guest at January 31, 2008 2:09 PM
Hey guest at 2:04 (aka David Rogers, Elliman broker),
Are intent on infecting absolutely every thread on Brownstoner? I say it again: Take your spam and shove it where the sun doesn't shine!
Posted by: johnife at January 31, 2008 2:14 PM
"If this house was in CG it would be 50 million"
You are the wittiest motherfucker in the world.
Were did you come up with this stuff?
Posted by: guest at January 31, 2008 2:16 PM
Seems as if the Broker is going all out trying to peddle this thing. Fancy copy but I wish she's stop referring to the garage as a carriage house. Just adds to the sleaze.
Posted by: BklynHouseLover at January 31, 2008 2:18 PM
Let's see. 7 bedrooms, 2-1/2 baths (1 private to bedroom), 5 levels, kitchen on non-parlor floor so you need a cook, hmmm...who could possible actually *live* in this museum of a house?
Besides, all these "perfectly" renovated houses leave me cold.
Posted by: cmu at January 31, 2008 2:18 PM
2:04pm you have been pushing that place for moths now and its not selling. How about reducing the price? and btw this is not a brokerage site.
Posted by: guest at January 31, 2008 2:19 PM
"If this house was in CG it would be 50 million"
You are the wittiest motherfucker in the world.
Were did you come up with this stuff?"
...he came up with it from the 10 different threads he posted it on yesterday!!
Posted by: guest at January 31, 2008 2:19 PM
Why all the hate about that apt? It's super quiet b/c of double pained windows & BAM will cause all surroundings apts to double in 5 years. This is a sure-fire winner, if you ask me. What do you think? Check it out
http://tinyurl.com/34tes5
Posted by: guest at January 31, 2008 2:22 PM
2:19
Keep in mind I end my CG jokes with " Fuggedaboutit". Always. Anything else are from the copycatters.
Capiche?
Posted by: guest at January 31, 2008 2:23 PM
No one is stupid enough to fall for your crap, 2:22.
This is a much smarter bunch than you think.
If a little testy.
Posted by: guest at January 31, 2008 2:26 PM
David,
You need a haicut.
Too much party in the back
Posted by: guest at January 31, 2008 2:26 PM
2:22
What do we think? We think that Elliman has now come neck and neck with Corcoran on the scumbag meter. Why? Not because you overprice. I actually kinda like you guys.
ITS BECAUSE YOU USE TINYURL.COM TO MASK YOUR SPAM!
Go fuck yourself. Mr B should have a way of banning ALL tinyurl posts.
Posted by: guest at January 31, 2008 2:27 PM
I wouldn't mind finding a way to block all messages from BROKERS.
PERIOD.
They destroy the integrity of this site !
Posted by: guest at January 31, 2008 2:28 PM
Hey you guys, you are right. I really should stop using Brownstoner to advertise my properties. But before I go, what do you think of this place on Court Street? I think its a real winner!
Sincerely,
Douglas Elliman broker
http://tinyurl.com/puu53
Posted by: guest at January 31, 2008 2:31 PM
I think you're a real loser.
Posted by: guest at January 31, 2008 2:33 PM
2:26 - hahahahahahah. you make me laugh.
Posted by: guest at January 31, 2008 2:33 PM
Hey,
Check out this guy.
He looks pretty reasonable.
He's super quite.
Double pain in the ass.
Acts like a 5yr old.
And likes to go to BAM
http://tinyurl.com/yp6abm
Posted by: guest at January 31, 2008 2:34 PM
I'm going to offer asking on this house. It's GORGEOUS and a steal at twice the price.
Sincerely,
Ezekiel "Tiny" Url.
Posted by: guest at January 31, 2008 2:43 PM
wow - i always wondered about that garage on verandah place, had no idea it was for a townhouse on warren st. that's kinda cool. even if it is ridiculously overpriced.
Posted by: guest at January 31, 2008 2:43 PM
David Rogers sure is fugly.
Posted by: Brooklynnative at January 31, 2008 2:45 PM
2:16 does that mean you don't agree with 2:09?
Posted by: guest at January 31, 2008 2:51 PM
Of course this house would be 3x the price if it were in Carroll Gardens. That's a given.
Now, let's talk about the fact that the total length of the lot is 150'. So you're not even getting two full length lots. You're getting a tad bit more than those nice and deep Prospect Heights lots. The price is crazy. Wonder who priced this thing--owner or broker.
Posted by: guest at January 31, 2008 3:11 PM
I am hereby officially offering $3 million ALL CASH for this house. For real. Not one penny more.
Posted by: guest at January 31, 2008 3:15 PM
I am hereby officially offering $3 million ALL CASH for this house. For real. Not one penny more.
Posted by: guest at January 31, 2008 3:16 PM
How does seller contact you 3:16?
Posted by: guest at January 31, 2008 3:18 PM
I would pay $4 million, not a penny more.
Posted by: guest at January 31, 2008 3:20 PM
are you seller? broker? I actually would totally do that.
Posted by: guest at January 31, 2008 3:20 PM
Those columns are tacky.
Posted by: guest at January 31, 2008 3:21 PM
well - I'm out then. not going to $4 million. But $3 million is all cash.
Posted by: guest at January 31, 2008 3:22 PM
Call up the broker and make your offer. Let us know what happens. Hey, you never know.
Posted by: guest at January 31, 2008 3:25 PM
My $4 million is cash too. Actually, I've changed my mind upon further investigation, especially the Property Shark info. Make that $3.5 all cash.
Posted by: guest at January 31, 2008 3:26 PM
But that wouldnt even pay off all the mtges that they took out on the building.
Posted by: guest at January 31, 2008 3:29 PM
7 definitions of "ass hat" and no mention of The What? WTF??
Posted by: guest at January 31, 2008 3:35 PM
So The What is officially MIA? He MUST be posting here under a "guest" name.
Posted by: guest at January 31, 2008 3:37 PM
I'd love to know what, if any, type of cash deal they would take.
Posted by: guest at January 31, 2008 3:38 PM
Seems like some of those mortgages have already been satisfied.
Posted by: guest at January 31, 2008 3:41 PM
That house has been a real ATM machine.
Posted by: guest at January 31, 2008 3:42 PM
When the place sells, I'll see if I can get work there as a live-in chef or butler or IT manager. Hey you never know. I can dream, right?
Posted by: Hal at January 31, 2008 3:43 PM
To 3:29, that's what jingle mail is for! The lender might take it - esp now that the bond insurers are being downgraded.
Posted by: guest at January 31, 2008 3:43 PM
Jingle Mail: where homeowners have mailed in the keys because they can't make the payments and no longer have any equity in their homes.
I never heard that expression before.
Posted by: guest at January 31, 2008 3:50 PM
Where the hell is the closest subway station?
Posted by: guest at January 31, 2008 3:54 PM
"now with cobble hill and carroll gardens asking these obscene prices, i'm once again looking in park slope where prices seem more modest."
Totally agreed. I'd add Ft. Greene & Clinton Hill to the obscene prices list. Park Slope is looking positively cheap compared to asking prices in these 4 neighborhoods. My search will be re-focused on the Slope.
Posted by: guest at January 31, 2008 3:58 PM
jingle mail---love it!
Posted by: guest at January 31, 2008 4:07 PM
Suck it, Cobblers
Posted by: guest at January 31, 2008 4:11 PM
This place will be worthless once Brooklyn Bridge Park is built
Posted by: guest at January 31, 2008 4:18 PM
A perfect historic townhouse with an attached carriage house in Cobble Hill. It does not get much better than that.
The interiors look beautiful. These early houses really are superior to the Victorians with the narrow parlors. The columns are gorgeous. Obviously it has not been snapped up by a billionaire yet. I think 6 million is the correct ballpark.
Posted by: guest at January 31, 2008 4:30 PM
4:30 = desperate broker
Posted by: guest at January 31, 2008 4:35 PM
Methinks 4.30pm is auditioning to work at Elliman.
Posted by: guest at January 31, 2008 4:38 PM
Its a GARAGE not a carriage house, 4:30
Posted by: guest at January 31, 2008 4:41 PM
btw for this price they need a hot broker to come with the house :p.
Posted by: armchairwarrior at January 31, 2008 4:46 PM
I wish i could afford a home in one of these areas in BOCOCA i really think the vibe there is good, but i am looking near a million range guess not.
Posted by: guest at January 31, 2008 4:55 PM
if youre looking for the million range check in the slope or prospect heights.
Posted by: armchairwarrior at January 31, 2008 4:58 PM
What the hell is BOCOCA??????
Posted by: guest at January 31, 2008 5:01 PM
bococa = BOerum hill, CObble hill, CArroll gardens
the whole area is really one big neighborhood. just snobs like to think they are different. too many micro neighborhoods that doesn't have real borders like other neighborhoods.
Posted by: armchairwarrior at January 31, 2008 5:04 PM
i like to call the whole area carroll gardens as default.
Posted by: armchairwarrior at January 31, 2008 5:05 PM
About the house...$8 million is just a lot of money, period, for a house. Not just in Manhattan, but in Greenwich, in Los Gatos, even in London.
I'm not saying it's not beautiful -- and I'd love to live in it -- but it's either going to sit on the market at this price for a few years, or it's going to be taken off the market, or it's going to be pricechopped down to 4.5 mil to lure an actual bidder or two.
Posted by: guest at January 31, 2008 5:06 PM
The main difference between the different neighborhoods is that Cobble HIll is landmarked. (A small area in Carroll Gardens is as well.) And of course they have different public schools, which is discussed at length in another thread.
Posted by: guest at January 31, 2008 5:19 PM
Please, don't bring up the schools, I beg you...
Posted by: guest at January 31, 2008 5:21 PM
Are there any DILFs in Cobble Hill?
Posted by: guest at January 31, 2008 5:22 PM
I will pay $4 million cash. That is my maximum bid. Not a cent more.
Posted by: guest at January 31, 2008 5:24 PM
There was one, 5:22...
Sadly he passed away last week...
Posted by: guest at January 31, 2008 5:25 PM
quote from curbed.com today...
"3) Park Slope: Everyone's favorite Brooklyn neighborhood is getting a new yoga studio and a new shoe store."
Posted by: guest at January 31, 2008 5:27 PM
please do not start the neighborhood wars again. if that is what you want to talk about, start a group on facebook and invite all your friends.
let's stick to prices, comparables, the real estate market/financial markets, saying mean things about brokers, and passing the crudite!
Posted by: guest at January 31, 2008 5:40 PM
and the cream puffs!
Posted by: guest at January 31, 2008 5:41 PM
park slope is the first neighborhood in brooklyn to get a pinkberry.
that says it all.
can't wait!
Posted by: guest at January 31, 2008 5:43 PM
Are the columns original?
Posted by: guest at January 31, 2008 5:50 PM
The columns are original. They are actually paired half-columns with pocket doors in between. High-style circa 1850.
Posted by: guest at January 31, 2008 5:54 PM
oko blows. there, i said it.
Posted by: guest at January 31, 2008 6:22 PM
what the hell is pinkberry?
Posted by: guest at January 31, 2008 6:51 PM
is it a sex shop? Park Slope could use one.
Posted by: guest at January 31, 2008 6:55 PM
It's a beautiful house, no doubt about it. But even with the through-lot and garage and FAR it's priced way too high. The sellers probably don't really need to sell and are willing to let it stay on the market for a year or two until an uber-rich banker's wife falls in love with it and just has to have it.
Posted by: guest at January 31, 2008 6:59 PM
If I lived in this house, I would feel so guilty. I couldn't bring myself to do it, even if I had the money to spare. It's just too rich.
Posted by: guest at January 31, 2008 7:26 PM
There is absolutely nothing over the top in this house. It's only got 2 1/2 baths and they didn't even put central air throughout the entire house. That leads me to believe that some of it was done on the cheap. It's nicely decorated, the broker wrote it up as if it was Paradise Found, but other than the hype, it's just a run of the mill nice townhouse.
Posted by: guest at January 31, 2008 7:43 PM
I have to agree 7:43. It's just another nice townhouse indeed, and pretty plain at that. The only selling point is the through lot and garage. But it's not enough to justify the price.
Posted by: guest at January 31, 2008 7:46 PM
Does this price include the helicopter pad or not?
Posted by: guest at January 31, 2008 8:01 PM
I'm seriously interested - I love it. How about allowing me to rent it for about 5 grand for, let's say, two years, with an option for buying it at market levels? If the broker has any sense, this is a great offer. If he/she does not accept, head over to Corcoran immediately!
Posted by: guest at January 31, 2008 8:31 PM
It's overpriced by 3 million, and it's on CONGRESS STREET not Warren.
Posted by: guest at January 31, 2008 8:58 PM
8:58 Here. I'm WRONG. PLease ignore my mislocated comment. Though, it's still 3 million overpriced.
Posted by: guest at January 31, 2008 9:00 PM
A pet peeve: when they reno'd they could have put in the paneled windows like the house on the left, but they obviously went for the cheap stuff. I don't think owners notice or care how substandard their new windows look when you are next to a house with its original, or historically-reproduced, 6-8 paneled windows. For such a crazily high price tag, I'd expect that small detail to be right.
Posted by: guest at January 31, 2008 9:06 PM
It's AT LEAST $3 million overpriced, maybe more.
Posted by: guest at January 31, 2008 9:07 PM
6:55. Park Slope has a sex shop, Try Pink Pussycat on Fifth. I suspect you might not live there if you don't know that.
Posted by: guest at January 31, 2008 11:06 PM
Actually the full pane windows were the Viking range of their day, the uber-expensive detail for the discerning townhouse owner. Only the plebes were still using six-over-six windows in the 1830s.
Posted by: guest at January 31, 2008 11:37 PM
Brownstoner, if you take the realtor's spin of 6500 sq ft the price is $1212 a sq foot and if you use Property Shark it's $1458!!! Insane.
Posted by: guest at February 1, 2008 7:57 AM
What on earth was the Broker thinking when she priced this house?? Are their any comps in Cobble Hill that support this price? Anyone know?
Posted by: guest at February 1, 2008 8:08 AM
Meh house. Crazy price.
Posted by: guest at February 1, 2008 10:32 AM
To 8:08's point, do a google search of 155 warren street & look at first site (which is trulia). Check out those comps. Ha ha ha.
Posted by: guest at February 1, 2008 12:18 PM
why are they being so unrealistic? greedy or need?
Posted by: guest at February 1, 2008 2:14 PM
anyone noticed the new listing on corcoran's site tompkins place in cobble hill? $4.5 million. would love to hear thoughts.
Posted by: guest at February 1, 2008 4:29 PM
tomkins pl, best block in this neighborhood.
Posted by: guest at February 1, 2008 4:56 PM
does any one know what the taxes on this place might round out at
Posted by: guest at March 1, 2008 12:17 PM
WOW, to think my grandparents owned a boarding house at 175 Congress Street overlooking Cobble Hill Park and it was sold by my aunt in the late 1950's for a song. YIKES! Oh what that property must be worth today!
Posted by: guest at March 6, 2008 1:13 PM
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