House of the Day: 166 Prospect Place

This looks like a perfectly nice middle-class house selling for a price only an oligarch could afford. Welcome to Brooklyn.
Where even the rich live badly.

Posted by: guest at February 13, 2008 1:35 PM

Looks a bit narrow and in need of significant aesthetic upgrades all around, and possibley an entirely new kitchen. Kitchen is functional, but for over $2million, should be much nicer imo

Posted by: guest at February 13, 2008 1:39 PM

Mr. B,

Is it a new "arrangement" you have going now with Corcoran where you don't list the actual sale price of the home (only allude it it) in your article so you have to open it so Corcoran gets more hits?

Posted by: guest at February 13, 2008 1:44 PM

When I looked at the pictures, I didn't see any details, they were over shadowed by the cluttered interiors.

Those owners need to get rid of their knick knacks, the house will show better.

Those aren't great photos.

Posted by: guest at February 13, 2008 1:47 PM

thats what $2.5M gets you in NY?

Posted by: guest at February 13, 2008 1:47 PM

1:47 - yes, that's what 2.5m gets you in NYC....SAD!

Posted by: guest at February 13, 2008 1:50 PM

What, NO floor plans. Deal is off.

Posted by: guest at February 13, 2008 1:50 PM

Well people...as evidenced by the Lincoln Place home yesterday that sold for 250K over ask at 3 million, this is literally a couple streets away.

And half a million cheaper.

Don't think it's THAT far off.

Maybe 2.3 or so.

This is a GREAT part of PH.

Posted by: guest at February 13, 2008 1:51 PM

For a house that will need new bathrooms and a new kitchen, and most likely cosmetic maintenance, the price is very high. 202 Prospect was move-in.

Posted by: guest at February 13, 2008 1:52 PM

1:47/1:50

Actually this is what gets you 2.5 million in BROOKLYN!

2.5 million in Manhattan gets you a 2 bedroom/2 bath glass encased condo by Extell on the Upper West Side.

Posted by: guest at February 13, 2008 1:53 PM

1:51---Lincoln Place was move-in ready. Updated kitchen and baths. Nothing to do. This house obviously needs new everything. No comparison.

Posted by: guest at February 13, 2008 1:53 PM

1.65 tops

Posted by: guest at February 13, 2008 1:55 PM

You mean you want to paint over the blue walls?

Posted by: guest at February 13, 2008 1:55 PM

One would do better to look at corcoran's other prospect heights brownstone:

http://www.corcoran.com/property/listing.aspx?ListingID=1182551&Region=NYC&OhDat=;

The starting price is high, but the broker made it clear it will go for less. The owner is mid-restoration so you can take over and finish to your liking.

Posted by: guest at February 13, 2008 1:56 PM

According to DOB - this house has 3,340 sq. ft. (who knows if this is correct)

so that's $740 sq. ft.

Posted by: guest at February 13, 2008 1:58 PM

1:44

Are you the guy from last week who sugegsted Mr B was in cahoots with everyone he takes ads from?

Give it a rest.

Posted by: guest at February 13, 2008 1:59 PM

This looks like a perfectly nice middle-class house selling for a price only an oligarch could afford. Welcome to Brooklyn.
Where even the rich live badly.

1:47 - yes, that's what 2.5m gets you in NYC....SAD!

-You guys hit the fricken nail on the HEAD! In Brooklyn, even the rich live badly. Smartest thing said on this blog perhaps ever.

Posted by: guest at February 13, 2008 1:59 PM

If this were in Carroll Gardens...8 mil. Easy.

Fuhgeddaboudit!

Posted by: guest at February 13, 2008 1:59 PM

WOW, this site has really become about pushing Corcoran's overpriced listings.

Someone needs to go back at least one month and tell us how many HOTD's were Corcoran's.

Posted by: guest at February 13, 2008 2:03 PM

Can't wait till this one is profiled 6 months from now when it sells for over asking price.

Can I quite you Montrose??

Posted by: guest at February 13, 2008 2:03 PM

"That said, broker should have insisted that they declutter, and then she should have taken better pictures. ...if you want to sell in this market, for that price, the broker should not just walk in and take pictures, as is."

Houses sell at prices like this every day with photos like this or no photos at all.

As for your prediction of under $2M, what do you know? That detailless thing on Carlton has gone into contract. Don't know how much for yet, but someone already posted here that their bid of 1.9 was rejected.

Posted by: guest at February 13, 2008 2:09 PM

I'd rather have this place:

http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1187590

Posted by: guest at February 13, 2008 2:14 PM

Brownstoner, 1:44's question deserves an answer. This is not the first time I've noticed the price left out of an HOTD recently. If it's an accident, fine, but just update the post, then.

If it is intentional.... REALLY shady.

I'm guessing (hoping?) it's the former.

Posted by: guest at February 13, 2008 2:19 PM

declutter and neutral paint and you get a little less than asking very quickly.

Keep it looking the way it does and it sits for awhile, price is reduced and then it finally sells.

Posted by: guest at February 13, 2008 2:21 PM

"Carroll Gardens"
"Fuhgeddaboudit!"

Weren't you rounded up last week?

Posted by: guest at February 13, 2008 2:25 PM

To be so close this is a much better area than Park Slope... people less uptight... you have great subways 2,3,Q,B still have the park etc...

Posted by: guest at February 13, 2008 2:40 PM

2:40...

You are an idiot if you think people who spend 2.5 million vs. 3 million a few blocks away are "less uptight"

You can't really be that stupid, can you??

Posted by: guest at February 13, 2008 2:45 PM

I cannot imagine anyone in their right mind paying this much, in the current financial climate, for this house. But this is the new Brooklyn, and being out of your mind is a requirement for home ownership it seems.

Posted by: guest at February 13, 2008 2:45 PM

You'll be back in Ohio in a few years anyway, 2:45.

What do you care?

Posted by: guest at February 13, 2008 2:49 PM

"I cannot imagine anyone in their right mind paying this much, in the current financial climate, for this house. But this is the new Brooklyn, and being out of your mind is a requirement for home ownership it seems."

You'll be back in Ohio in a few years anyway...what do you care??

Posted by: guest at February 13, 2008 2:50 PM

yes 2:45 see how uptight you are...

Posted by: guest at February 13, 2008 2:50 PM

Will be worth $0 once....

Posted by: guest at February 13, 2008 2:50 PM

I love all the fireplaces.

This place really just needs paint, some floor sanding and new furniture to make it a happy home.

The rest can wait.

Posted by: guest at February 13, 2008 2:51 PM

"yes 2:45 see how uptight you are..."

I don't live in Park Slope.

I actually live right around this corner from this house.

Tell me what your point was again??

If you think there are any less stroller moms around here than on 7th ave, you are DEAD wrong. Which is idiotic anyway, because without said stroller moms staying put in Brooklyn, you'd all be seeing your home values decline like in most of the rest of the country.

Posted by: guest at February 13, 2008 2:56 PM

2:56:

The stroller moms should take their screaming kids to the suburbs, where they won't bother me. Then their kids can grow up, move to the city, and complain about how the suburbs suck but all the stroller moms should move there anyway.

Posted by: guest at February 13, 2008 2:58 PM

Anybody care for a Jamaican patty from Little Miss Muffin?

Posted by: guest at February 13, 2008 2:58 PM

WHAT THE HELL IS THE PRICE OF THIS????????

And please, don't make me click on the corcoran link.

Posted by: guest at February 13, 2008 3:02 PM

2:58....

YOU bother me more than any screaming kid ever has.

Posted by: guest at February 13, 2008 3:02 PM

What school do the screaming kids in this nabe go to? Is it any good?

Posted by: guest at February 13, 2008 3:04 PM

I live just down the block, so I hope somebody nice moves in!

The price seems a little high, but not out of scale with current apartment prices. The neighborhood is desirable not only because of the housing stock, but the location near great transportation, Prospect Park, etc. Also, the neighborhood is likely to be landmarked, which I think will help us maintain our nice features.

Posted by: guest at February 13, 2008 3:04 PM

Kitchen Renovations: $50,000 - $100,000

Bathroom Renovations: $30,000 - $90,000

Private School Tuition: Priceless!

Posted by: guest at February 13, 2008 3:10 PM

Regarding schools, this is outside of PS321. The schools (including PS9) are currently very very bad, but are improving at a fast clip.

Re: "You are an idiot if you think people who spend 2.5 million vs. 3 million a few blocks away are 'less uptight'"

Hmmm. Somebody does not know about the strong identity that Prospect Heights has. I, too, used to completely dismiss anyone foolish to live on the other side of Flatbush, but recently I have realized that Park Slope is not so bad. Not that I would ever leave Prospect Heights.

~orangeblossommuffinhead

Posted by: guest at February 13, 2008 3:14 PM

"I live just down the block, so I hope somebody nice moves in!"

what did you pay for your place?

Posted by: guest at February 13, 2008 3:15 PM

3:14...

See my follow up post at 2:56...I LIVE in Prospect Heights.

I just think it's absurd that someone actually thinks the people are all that different from North of Flatbush to South.

To be perfectly honest, had I been able to afford Park Slope, I'd be there. I prefer it over Prospect Heights, but it's still great here also.

There is little difference in demographics from CG to PS to PH to FG.

Same shit, different day.

Posted by: guest at February 13, 2008 3:18 PM

I'm sure that as soon as these Brooklyn kids are old enough to get a driver's license they will tear out of here so fast it will make their mother's clogs clank.

Posted by: guest at February 13, 2008 3:20 PM

And the most viewed property on Corcoran right now is - drum roll please - 166 Prospect Place!

Go Team Brownstoner! Click the good click!

Posted by: guest at February 13, 2008 3:22 PM

Where exactly do you think they'll go, 3:20?

You obviously don't know too much about kids raised in NYC. While a lot DO end up leaving for a bit (college, sometimes), the MAJORITY return back. All the kids I know who grew up here found every place else they tried, lacking severely.

Perhaps you think they'll want to move Kansas after growing up in the greatest city in the U.S.??

Or maybe California? Latest new today is that home prices are going to drop another 40% in CA, AZ and FL. Sounds like some good bargains coming soon in those lovely areas!

Posted by: guest at February 13, 2008 3:25 PM

I think it odd to STILL have not received an answer re: 1:44

I have noticed multiple HOTD's (only Corcoran, however) where the price was not listed.

VERY odd...

Especially since Corcoran is the ONLY real estate website to have the top viewed properties.

Me thinks bstones is receiving kickbacks from Corco.

Posted by: guest at February 13, 2008 3:27 PM

3:15 PM: "what did you pay for your place?"

Oh, let's just say it was the best financial decision I ever made. But I do know what the newer owners in my building paid, and I have seen some relatively small apartments with limited (by PH standards) original details selling for around $600-700k. I don't think this building will appreciate as much as my place, but I don't think it will drop in price either.

And 3:18- as far as I know, there's no shit on our side of Flatbush. It magically disappears... but try to keep it secret, okay?

~orangeblossommuffinhead

Posted by: guest at February 13, 2008 3:31 PM

Here ya go! Maybe someone at Morgan Stanley can buy this house, NOT! LMMFAO

Morgan Stanley cuts 1,000 mortgage jobs

http://news.yahoo.com/s/ap/20080213/ap_on_bi_ge/morgan_stanley_jobs

Yep Brownie, keep the circle-jerk going!!! Keep hyping Real Estate. I hope in the future they come after your ass with fucking torches and pitchforks!!!! 2. what million???!!! Yeah Fucking Right.

The What (Tick...Tick...Tick...)

Someday this war is gonna end.....

Posted by: guest at February 13, 2008 3:43 PM

I think kids will want to live somewhere that isn't overcrowded, over-polluted, and over priced. They will also probably want to get away from their nutty parents who think their little hellhole is the greatest place on earth.

Posted by: guest at February 13, 2008 3:43 PM

3:27: "Me thinks bstones is receiving kickbacks from Corco."

Hey, Brownstoner has to survive, too. I don't really care if they have some sort of arrangement.

Posted by: guest at February 13, 2008 3:45 PM

"I think kids will want to live somewhere that isn't overcrowded, over-polluted, and over priced."

Off-world?

Posted by: guest at February 13, 2008 3:48 PM

off-world

yeah right, to a lot of new yorkers if you can't get there by subway or cab it is off-world.

Posted by: guest at February 13, 2008 3:59 PM

"...nutty parents who think their little hellhole is the greatest place on earth."

It's the Brooklyn koolaid, lot's of it going around.

Posted by: guest at February 13, 2008 4:08 PM

I'd love a jamaican patty thank you.

Posted by: guest at February 13, 2008 4:10 PM

Look what they do to real estate agents in Australia:

http://www.smh.com.au/articles/2002/10/19/1034561354227.html

Posted by: guest at February 13, 2008 4:12 PM

"I'm sure that as soon as these Brooklyn kids are old enough to get a driver's license they will tear out of here so fast it will make their mother's clogs clank."
We raised two kids here and they *love* Brooklyn. My oldest son told us out of the blue that he thought he had the best neighborhood anyone could grow up in - because of the diversity, the freedom to explore that public transportation gave them at a very young age. Now they see their friends from college moving into apt further out in Crown Heights, but run into them at Soda on Vanderbilt. Actually a lot of these kids are still living at home because of the spaciousness of the brownstones.

Posted by: guest at February 13, 2008 4:18 PM

3:43

Just because you weren't smart enough to go to a top tier college and B school, you shouldn't transfer your deficiencies to people who were. Oh and by the way, I grew up in the 'hood. (And made the choice to live here.) The appreciation in real estate has funded my parents retirements.

Too bad your 'rents weren't that savvy.

SRW

Posted by: guest at February 13, 2008 4:18 PM

I'm not saying all the kids will want to leave. just, you know, the smart independent ones.

Posted by: guest at February 13, 2008 4:30 PM

"I think kids will want to live somewhere that isn't overcrowded, over-polluted, and over priced. They will also probably want to get away from their nutty parents who think their little hellhole is the greatest place on earth."

Luckily, this person will not move in to Prospect Heights. I always wonder why someone who hates Brownstone living so much bothers coming to this site. Shouldn't they be reading LargeFloridaCondoer or 20AcreLouisianaFarmhouser? Maybe MontanaShackWithNoNeighborser?

Posted by: guest at February 13, 2008 4:37 PM

4:37,
I sometimes like to post contrarian coments here. I love it when people responds with: "why are you on this site?" as if there was some sort of uniform party-line or mindset to logging on a blog or like a big hairy man just walked into the ladies' room at the ballet.
It's alright to disagree in an open society you know. You should not feel threatened.

Posted by: guest at February 13, 2008 5:00 PM

Threatened? Man, I can't believe there are people who can't even see the wide divide between Prospect Heights and Park Slope. I mean, are you people blind? Totally different.

~orangeblossommuffinhead

Posted by: guest at February 13, 2008 5:05 PM

I see the difference between PS and PH quite clearly...

Prospect Heights is:

1. NOT landmarked
2. Has substantially more crime than PS
3. Is FAR uglier
4. Much closer to AY
5. Fewer services
6. A bustling drug trade on Washington Ave and the side streets to the west.
7. Has HORRENDOUS schools

Posted by: guest at February 13, 2008 5:08 PM

The house that Warren Lewis sold at 202 Prospect Place was a beautiful house and from what I see from the Corcoran photos this house doesn't come close. How do they market a house with such amateurish photos?

Posted by: guest at February 13, 2008 6:32 PM

Mr. B, do please respond to the Corcoran/price-concealing charge. Maybe you haven't withheld the prices in exchange for kickbacks. I agree with 3:45 that you have to make a living, but padding the linky count for Corcoran on purpose, and by stealth, undermines the blog. We need you but you need us too: who would want to visit and comment at a site that's pure broker-shill?

Posted by: guest at February 13, 2008 6:46 PM

Hey guest at 2:09--what 'detailess place on Carlton' are you referring to?

Posted by: guest at February 13, 2008 10:26 PM

10:26 Warren Lewis still has it on their website. 2.1M

Posted by: guest at February 14, 2008 3:03 PM