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February 12, 2008

HOTD: 'Nuther Price Cut at 135 Joralemon Street

135-Joralemon-Street-Brooklyn-0208.jpg
We think the owner of 135 Joralemon Street did an absolutely incredible job restoring (and then styling) the former Brooklyn Heights burn-victim and hope that he makes a solid return for his efforts (everyone on the block should be chipping in!). So far, though, the pricing has proven to be overly-aggressive. The house, which in its pre-renovated form went for $2,400,000, has been gradually ticking downward since being listed last summer for $5,950,000. The latest price cut, from $5,250,000 to $4,950,000 came yesterday. Will it be enough to move the 3,200-square-foot house? We have no idea.
135 Joralemon Street [Corcoran] GMAP P*Shark
House of the Day: 135 Joralemon Street (Revisited) [Brownstoner]
House of the Day: 135 Joralemon Street [Brownstoner]
Recovery Underway for Joralemon Burn Victim [Brownstoner]
Ode to 135 Joraleman [Brownstoner]




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Comments

They are still asking over $1500/sf.

Keep chopping.

Posted by: guest at February 12, 2008 1:34 PM

Still overpriced and it's sandwiched between two buildings. How wants 100 eyes looking down into their backyard.

Posted by: guest at February 12, 2008 1:35 PM

Agree they did a fantastic job on this place, exterior at least. Price does look high though...

Posted by: guest at February 12, 2008 1:35 PM

Whoever bought this made some serious miscaluations. Although they did a fine job of restoration (from the street anway, did not check of the interior) the $2.4 million was even too high for this house. I can only imagine the super rich (net worth above $25 million) to want to purchase this as a trophy but for anybody else, the finances just won't work. You're rich to be able to buy this but will be stretch and living month to month.

Posted by: guest at February 12, 2008 1:36 PM

Is The Brownstoner having a 'cow' because the windows are painted white.

Posted by: guest at February 12, 2008 1:37 PM

seems like the house of the day is often too pricey for me to care.

Posted by: guest at February 12, 2008 1:43 PM

When you consider that 3 brokers have to eat from the proceeds, it is not overpriced afterall, no?

Posted by: guest at February 12, 2008 1:44 PM

I wouldn't consider this a trophy house. Too small, to short.

It's cute, but not a trohpy.

Posted by: guest at February 12, 2008 1:48 PM

I think this will happen in the low 4s. It's a great house, but the location is a little lacking. If it were on Garden/Remsen/Willow/Pierrepont.. whatever, they could have gone higher. But not here.

Posted by: guest at February 12, 2008 1:49 PM

Why are most HOTD's so expensive.

Is it to make me feel bad about not being super rich or to to show me how idiotic society is for paying this kind of money for crap.

Posted by: guest at February 12, 2008 1:50 PM

I'll give them $10 for having cleaned the place up, making the experience of walking by more pleasant.

Posted by: guest at February 12, 2008 1:50 PM

I love reading the biography page on Corcoran's site... http://www.corcoran.com/agents/profile.aspx?userid=COROBBINS&Region=NYC

Posted by: guest at February 12, 2008 2:07 PM

See you mother is right....what are you going to do with an Art Degree??

Posted by: guest at February 12, 2008 2:16 PM

1:49:

I lived in Brooklyn Heights for 25 years at the corner of Pierrepont and Columbia Heights, and I remember this house's location as a sweet spot.

It's perpendicular to and looks into Sidney Place, one of the best-looking streets in the Heights.

What's not to like?

U. Designer

Posted by: guest at February 12, 2008 2:16 PM

Not going anywhere til it gets into the $3~ range.

Posted by: guest at February 12, 2008 2:22 PM

This is definitely a trophy house. It is a one-of-a-kind Federal townhouse with an 1850's New Orleans style front porch. It could not be more appealing. And it's in Brooklyn Heights. The interiors are beautiful too, although they may not appeal to folks who appreciate only Victorian-era style. I hope he gets the price. I want to see a family living there and sprucing up the front garden etc. When you are in the house you don't notice the buildings to either side you look out on picturesque Sidney Place.
PS: You can paint your windows white if you have a wood frame 1830 house. It is one of the rare exceptions.

Posted by: guest at February 12, 2008 2:27 PM

Will go for 3-3.5mm.

Posted by: guest at February 12, 2008 2:30 PM

The flipside of having the open urban vista of Sidney Place out your front windows are the headlights permeating your living space all night, every night. Seller should throw in some black-out shades for those parlor and garden level windows.

Posted by: guest at February 12, 2008 2:36 PM

"the headlights permeating your living space"
Great, now you have someone who does not like the fact that the house is on a street that cars drive on. What a maroon. I think he needs to look at property in the high Andes and buy himself a llama.


Posted by: guest at February 12, 2008 2:42 PM

what's not to like? no neighbors. all that street traffic is court st traffic. it's not really "neighborhoody"

Posted by: guest at February 12, 2008 2:43 PM

but re: the location - does Sidney Place run in the direction so that car headlights will shine directly into your living room as they go thru?

It does look beautiful though - happy to see that buyers are finally showing some guts. In mid-2007, didn't it feel like EVERY house had multiple offers the day after the first open house? And now it seems places are sitting and sitting because brokers (read: corcoran esp) can't accept that the market is coming down.

Can't believe no one has mentioned the next highest listing on the corcoran site for this neighborhood priced at a comparable $4.5m - but NOT the heights - cobble hill. did anyone go to the open house? I don't believe any house in cobble hill has ever gone for a price even remotely like that. Any thoughts?

Also - the place on Clinton between Congress & Warren that is on BHS site - it is at $2.6m, but if you assume it needs a total reno at $350 psf, that puts it in the $4m range as well.

So now Cobble Hill has suddenly jumped in prices by $1 million as we enter a recession???

Posted by: guest at February 12, 2008 2:47 PM

2:36:

Problem solved.

And shades can be made in colors that complement whatever style interiors the buyers might like. (And if Landmarks is fussy, they can line the shades inside and leave a neutral color outside.)

U. Designer

Posted by: guest at February 12, 2008 2:48 PM

BUT LOOK HOW FAR THE LITTLE OLD HOUSE HAS COME !

http://www.mexicanpictures.com/headingeast/images/135Joralemoncurrent.jpg

Posted by: guest at February 12, 2008 2:52 PM

blah blah blah. ok, over priced, not the hottest location in the heights (1/2 a block from clinton and the very busy intersection on joralemon), squashed between the buildings so i'm guessing it's not very bright inside, greedy seller...3M at best

Posted by: guest at February 12, 2008 3:01 PM

Not feeling this house at all... Maybe because its not a BROWNSTONE...

Posted by: guest at February 12, 2008 3:04 PM

Ugh, this house has been discussed to DEATH on this site. Why on earth bring it back? What is Corcoran paying for that privilege?

I love the kitchen in this house. Might inspire a someday kitchen for me. The 50's-esque curved shelves and danish modern feel but with a 70's warmth and texture.

This is all new stuff in this house; it wasn't staged like this before. Stagers-gone-wild. The animal skins are creepy. The whole thing of putting one piece of furniture in each room is weird and somehow it makes the rooms feel smaller and not functional. I'm not sure I agree houses should never ever be shown empty. I think it's better to stage one room properly and leave a few rooms empty, than to put one or two pieces of furniture in each room.

Posted by: guest at February 12, 2008 3:08 PM

2:52:

Thanks! That's the place I remember, BH's "haunted house."

2:43:
Sidney and Garden Places, the house's environs, are among the nicest residential streets in NYC. As for Joralemon, I never remember traffic being a problem at all -- and I lived nearby for 25 years.

BH isn't for everybody. It's not "touchy feely" by any means. But for quiet and elegant city living, only Beekman Place in Manhattan (hardly touchy feely either) comes close.

And, yes, neighbors do say "hello."

U. Designer

Posted by: guest at February 12, 2008 3:08 PM

"It is a one-of-a-kind Federal townhouse with an 1850's New Orleans style front porch"

If it were located in the Garden District in NO it would go for $650K

Posted by: guest at February 12, 2008 3:11 PM

Who wants to live among nosy buttinsky's? Give me the Upper East Side or Brooklyn Heights any time. Folks are cordial but formal. That is what sophisticated urban living is all about.

Posted by: guest at February 12, 2008 3:14 PM

3:14:

It's known as the Brooklyn Heights/Upper East Side, Park Slope/Upper West Side split.

U. Designer

Posted by: guest at February 12, 2008 3:18 PM

The reno itself is terrible and cheap. Have you been inside?

Posted by: guest at February 12, 2008 3:21 PM

3:18 Maybe, on a cheaper, cheaper, crappier scale. I live in BH, been here for 5 years and it is boring! A lot, a lot of old people that complain and complain. It's nimby central and 1/2 the residents in the hood should be living in the city public housing instead of living in rent control and taking units away from market renters.

Posted by: guest at February 12, 2008 3:29 PM

Yeah
Old people Suck!

Posted by: guest at February 12, 2008 3:30 PM

The oldness has nothing to do with it. It's that a lot of the old people in BH are uneducated and are very racists and complain about everything. They're cheap but want the city and public funds to pay for them to live here.

Posted by: guest at February 12, 2008 3:35 PM

Judy is a c&nt! No matter what she thinks she does not hold a public office position and was not elected by the residents of the city.

Posted by: guest at February 12, 2008 3:37 PM

"The reno itself is terrible and cheap. Have you been inside?"

..But Mr Trump, not everyone shares your taste for goldplate and marble columns.

Posted by: guest at February 12, 2008 3:38 PM

3:29:

I owned in Brooklyn and now own in Manhattan.

I never lost sleep about who had a rent-controlled apartment, who paid what for what, how old/young they were, etc., because I was in my place to live, not worry about the neighbors.

And when I found BH a little too quiet, I hailed a cab on Clinton Street and headed across the bridge to TriBeCa.

That's what's nice about NYC: Your neighborhood doesn't define your options. And your neighbors don't define you.

U. Designer

Posted by: guest at February 12, 2008 3:40 PM

Sidney Place traffic runs directly toward this house, so YES you will have headlights shining directly into your living room. Fortunately, not many cars on Sidney Place. Still overpriced though. Not going to sell until it hits the 3.5 range.

Posted by: guest at February 12, 2008 3:41 PM

First off, that house is too small for comparable priced condos and townhouses. The owner over payed. The house at most is worth $1.5 and that's for the land not really for the house.

Posted by: guest at February 12, 2008 3:50 PM

The parlor is elevated quite a bit from the street, I don't think headlights will be more of a problem here than in any rowhouse.
And in terms of complainers and whiners, I think this blog redefines those terms.

Posted by: guest at February 12, 2008 3:52 PM

135 Joralemon is a three and a half story house on a 25 by 100 lot. I don't see anything particularly small about it. In fact it is a perfect family house. Many of the later and taller brownstones in places like Fort Greene are cut up inside into a multitude of little cramped apartments. If you think this is small, you do not know what you are talking about. I was inside on two ocassions and I found it not only roomy but incredibly elegant.

Posted by: guest at February 12, 2008 4:06 PM

Small COMPARED to other properties IN THIS PRICE RANGE.

Damn, selective comprehension amongst Brooklynites is getting ridiculous.

Posted by: guest at February 12, 2008 4:16 PM

4:16
You are mistaken.
The price is in line for a 5-bedroom, single family, elegantly restored rowhouse in Brooklyn Heights. Get of the stick you are sitting on. You don't know what you're talking about.

Posted by: guest at February 12, 2008 4:29 PM

When I lived in the Heights I used to walk by this house and would think how nice it would be when fixed up. Once I saw this swett old lady on the porch. Something seemed very nice about her so I reckon this house will have a good vibe.

I used to watch another old woman in her apartment above the former D'Agotinos. She had these lacy curtains that I could see from my living room across the street. She'd be up every morning cooking and whisking around the kitchen. It always made me feel happy.

I think there are old people of many walks in the Heights. Quite a few live above St. Charles Jubilee on Pierrepont. Never heard a single one complain.

Posted by: guest at February 12, 2008 5:17 PM

I think this house before the fire and the rebuild had a very pretty, ornamental grape growing out front, no?

Anyone remember it?

It had delicately cut leaves all with a reddish tinge and downy reverse...

I wish I had a cutting of that plant. Oh, well. Guess it's all gone now.

We have a coarse, sprawling monster of a Concord grape vine...it *does* produce decent grapes...but has massive leaves that get shredded by climbing roses when it's windy and end up shading everything out by mid-summer.

Posted by: guest at February 12, 2008 6:29 PM

Grape? I don't think so.
two houses down they have a grape arbor.
Ridiculous, but if you are into it, there it is. There was nothing nice about this house when the crazy former owner lived there. I believe he never did anything his entire life. Just lived in the house he grew up in and collected junk. He still lives in the Heights in yet another beautiful historic house his father left him. I so wish he would pass on so we could put behind us his disgraceful legacy of neglect and irresponsibility.

Posted by: guest at February 12, 2008 7:28 PM

"I so wish he would pass on so we could put behind us his disgraceful legacy of neglect and irresponsibility."

Wow, you are actually WISHING DEATH upon somebody because you are jealous of their house?

Seek therapy.

Posted by: guest at February 12, 2008 7:50 PM

7:50,
Perhaps you are primarily motivated by jealousy in your own life and are projecting that on others? A little therapy never hurt anybody but I think you could use it more than I.

Posted by: guest at February 12, 2008 8:02 PM

OK, so it's not jealousy that causes you to wish death upon your neighbor. It's all good then.

Posted by: guest at February 12, 2008 9:40 PM

To an earlier post as to why brownstoner chooses overprice houses as HOTD..it's to generate large amounts of hits on his apparently dieing blog. You see, the more people charm in the more recognition he gets, the more recognition he gets, the more advertising he gets. His goal is to one day sell his domain. The idea is to not be so S-T-U-P-I-D and allow him to make such a uncreditworthy (pun intended) living. But of course assholes will be assholes.

Posted by: guest at February 13, 2008 7:58 AM

7:58 just sent the irony meter off the charts...

Posted by: guest at February 13, 2008 8:06 AM

4:29
That little tiny lego house is junk. Wanting to sell it for around $5 million is crazy. You are an idiot.

Posted by: guest at February 13, 2008 10:49 AM

7:50 is definitely projecting.

All 7:28 was doing was responding to someone who was waxing nostalgic about this house as if it were a bad thing to renovate it. The truth being the former owner was an a-hole who took his inherited house and never took care of it, letting it become blighted.

How is that admirable, again?

This house might be overpriced, but people who spend a lot of money and time to save old houses, wow, you'd THINK they'd be praised on what is.....
a PRESERVATIONIST minded blog!

As usual, logic and reason rules around here.

Posted by: guest at February 13, 2008 11:57 AM

"... a PRESERVATIONIST minded blog!"

You wish baldy!

Posted by: guest at February 14, 2008 10:16 AM

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