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February 28, 2008

House of the Day: 317 Degraw Street

At last—a house in Carroll Gardens for under $3 million! Granted it took a 16-foot-wide fixer upper that's actually on the Cobble Hill side of Degraw Street to do it, but no need to nit-pik. This one's quite a bit less than $3 million ($1,599,000 to be exact) but it sounds like it's going to need a full reno. There are no photos up on the Corcoran listing yet. Another interesting fact: The current owners just bought this place last August for an undisclosed amount and there's mention on PropertyShark that the property was supposed to have come up for auction back in January. Anyone know what's going on?
317 Degraw Street [Corcoran] GMAP P*Shark

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Comments

I believe that's the old Rifkin place.

Posted by: guest at February 28, 2008 1:49 PM

guess everyone is over carroll gardens.

Posted by: guest at February 28, 2008 1:59 PM

Hey Brownstoner,

How do you know Corcoran's listing is for the particular number 317; there's no such precise address on their website at the given link?

Posted by: johnife at February 28, 2008 2:04 PM

from the property records, it looks like the owner is in a nursing home and a non-profit legal aid organization is holding the deed as guardian.

Posted by: guest at February 28, 2008 2:05 PM

I think I'm the exception, but I like these skinny houses.

Would love to seen an interior shot. Its still a bit rich if it needs work.

Posted by: guest at February 28, 2008 2:14 PM

Tough sell.

Posted by: guest at February 28, 2008 2:16 PM

Why does this house have 2 front doors? What a bizarre layout. Although I guess if you have that much width to work with, you can add an extra door and stoop.

Posted by: guest at February 28, 2008 2:20 PM

2:20 are you joking? It's two different buildings.

Posted by: Brooklynnative at February 28, 2008 2:26 PM

If you scroll your mouse over the "map" button on the listing, you can see the address in the url that appears at the bottom of your browser...

Posted by: brownstoner at February 28, 2008 2:31 PM

Nice house even though we have no pics of the interior. But the block is great and the nabe is top notch. Carroll Gardens / Cobble hill whatever it is these are the top areas in my mind.

Posted by: guest at February 28, 2008 2:33 PM

$1.6M for a 16' wide building apparently in need of a complete renovation? What is wrong with you people? Let the bubble burst already!

Posted by: guest at February 28, 2008 2:37 PM

How does a 16'x 45' 3 story house add up to 2600 sq ft?

Posted by: guest at February 28, 2008 2:43 PM

Quite strange that this site would feature a HOTD that doesn't even have its pics up yet. It was only listed yesterday, as per Streeteasy.

Also from Streeteasy, this seems like a much more interesting listing to feature in CG for way under $3 million:
http://www.citi-habitats.com/viewsales.php?adID=113564

Posted by: guest at February 28, 2008 2:48 PM

No 2:37 the imaginary bubble is not a Mexican pinata. Those who hesitate masterbates all day on brownstoner.

Posted by: guest at February 28, 2008 2:50 PM

"How does a 16'x 45' 3 story house add up to 2600 sq ft?"

It's a tesseract.

Posted by: guest at February 28, 2008 3:17 PM

It is very suspicious that Brownstoner would feature a house that was just listed, and does not have even one photo in the listing. What's the point? No pictures, nothing to comment on. There's not even much information in the copy. There are plenty of houses with much more robust listing information and pictures that could have been featured. This is very suspicious indeed.

Posted by: guest at February 28, 2008 3:26 PM

diabolical

Posted by: guest at February 28, 2008 3:29 PM

i'd say this is the scam of the day.

Posted by: guest at February 28, 2008 3:29 PM

3:17, you just took me back to elementary school. I think I'm going to go re-read A Wrinkle in Time right now.

Tesseracts rule!

Posted by: nosleeptil at February 28, 2008 3:32 PM

These skinny houses are cool. I own one of these. But mine is nicer.

Posted by: guest at February 28, 2008 3:36 PM

2:48 - has anyone seen that house for 1.495?

Posted by: guest at February 28, 2008 3:38 PM

Nice little house. Not everyone has a huge family and I dislike filling up my house with renters.

Posted by: guest at February 28, 2008 3:53 PM

3:38 -- I've seen the Citihabitats house for $1.495. Photos suggest it's much much nicer than it is in reality (it doesn't help that there's really dirty tenants living there). It's currently configured as two duplexes, but each one is pretty small. We'd thought about converting into a triplex plus basement rental (as suggested by the broker), but the basement is more than 50% below ground so would not be legal to do that (and would also involve moving the kitchen down there, currently on first floor). There also appear to be roof issues, as there were huge water marks on the ceiling and walls on the top floor. Were told the tenants' leases were up, but of course, you also have the problem of trying to get them out (and none of them were too happy about having prospective buyers come and look at the place). Could be nice if done well, but it will cost packet to renovate.

Posted by: guest at February 28, 2008 4:11 PM

Feng shui nightmare.

Posted by: guest at February 28, 2008 4:25 PM

Well, learn something every day. Wikipedia on tesseracts is fun. Gotta read that book, too, sounds fun.

Posted by: guest at February 28, 2008 4:51 PM

Cute. Great location. They clearly lie about the square footage, it's probably more like 2100sf. And needs a full reno...

I'd pay a million and a quarter for it.

Posted by: guest at February 28, 2008 5:06 PM

Wow, another POS that just because its in Brooklyn everyone thinks its a millionaire mansion. You'd give million and a quarter. Unbelievable.

Posted by: guest at February 28, 2008 5:34 PM

There's a lot of money in New York but not only that, do you want to know the secret? There is a lot of YOUNG MONEY here. Young adults, out of graduate school, sucking in the big, big bucks. That is what makes NY unique. That's why these properties are going for the heavy dough. NYC is a great place. But it's no place for pessimists.

Posted by: guest at February 28, 2008 8:07 PM

Something tells me YOUNG MONEY fresh out of grad school isn't going to want a piece of crap fixer upper in a declining market in this neighborhood. They like new condos in Manhattan and Williamsburg.

Posted by: guest at February 28, 2008 8:13 PM

2:48 said:

"Quite strange that this site would feature a HOTD that doesn't even have its pics up yet. It was only listed yesterday, as per Streeteasy. "

Because it's about driving up traffic and there's obviously hope a heated debate will erupt over Carroll Gardens again. It's not about the HOTD being something actually worth discussing, anymore.

I'm another fan of small houses and NOT having a house full of renters. We have a small house, not narrow but small.

Posted by: guest at February 28, 2008 8:51 PM

i'm "young money" and i prefer brooklyn over manhattan and i wouldn't be caught dead in a new condo...ANYWHERE...especially not williamsburg.

you are a little out of touch dude.

not all "young money" have the same wants and desires.

i'd say 1/2 of my neighbors are young...under 35 and make some serious cash. i live in brownstone brooklyn.

Posted by: guest at February 28, 2008 9:11 PM

And there's an even larger amount of your crowd that makes "serious cash" that prefers Manhattan, 9:11. For every one of you in Brownstone Brooklyn there are 5 in Manhattan.

Posted by: guest at February 28, 2008 9:27 PM

Hey, this house might be narrow, but at least it's wider than 7ft!

http://www.nytimes.com/2008/02/29/travel/escapes/29away.html?ref=realestate

Posted by: guest at February 28, 2008 9:44 PM

Re: the Citi-Habitats house:

http://www.citi-habitats.com/viewsales.php?adID=113564

We saw this too, and were very disappointed. The lower duplex looked really crappy and hard to see how you would make it charming. The upper one was better, but I agree that the messy tenants didn't help - the upper duplex resident had porn lying around as I recall. Anyway, I don't think I'd want to live in this stretch of Union, pay that much, and still have tons of renovation to do...

Posted by: guest at February 28, 2008 11:17 PM

i prefer living in brooklyn where not everyone makes "serious cash" as you say 9:27.

if i wanted to live around people who only make serious cash i'd move to greenwich, connecticut.

Posted by: guest at February 28, 2008 11:23 PM

There are a couple of larger (20x40 instead of 16.5x45) needing renovation on market nearby for about same price. But difference is this one is zoned for PS29.
A renovated one of this size on Baltic (also ps29) is in contract with asking price of 1.95).

Posted by: guest at February 29, 2008 9:54 AM

That can't be 317 Degraw. I used to live in a junk of a rental at 319 Degraw and it's not in the picture.

Posted by: guest at February 29, 2008 12:40 PM