« Co-op of the Day: Concord Village One Bedroom Streetlevel: Henry Street Vacancies to Join Forces? »
March 26, 2008
House of the Day: 106 Park Place

When we included 106 Park Place as an Open House Pick back in January, it had just been listed at $2,850,000. A month later the asking price was reduced to $2,725,000. A month after thatin mid-Marchthe price came down again to its current level of $2,495,000. This still seems like a lot of dough in this market for a 16.67-foot-wide house that traded for just $1,300,000 in 2006. The four-story house still has some very nice original detail in it, but it's a far cry from some of the jaw-droppers that have been on the market in Park Slope recently for not a whole lot more than this.
106 Park Place [Corcoran] GMAP P*Shark
Open House Picks 1/25/08 [Brownstoner]
Trackback Pings
TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/4325
Comments
Nice sprinklers.
Posted by: guest at March 26, 2008 1:36 PM
you have it categorized as carroll gardens.
this is in park slope.
Posted by: guest at March 26, 2008 1:51 PM
Slice off another 500-700k and maybe...
Posted by: guest at March 26, 2008 1:56 PM
Just a note on part of that "very nice original detail":
I think I recall from an open house that the pier mirror in the photo is excluded from the sale.
Posted by: guest at March 26, 2008 1:59 PM
slice off another $1m and maybe
Posted by: guest at March 26, 2008 2:07 PM
Does anyone know the current rent in the garden rental?
Posted by: guest at March 26, 2008 2:10 PM
Is that floor plan correct? It seems weird that both bathrooms are only accessible through the bedrooms. What do the people of the remaining bedrooms do?
Posted by: hollander at March 26, 2008 2:16 PM
faded type works fine for my
Posted by: guest at March 26, 2008 2:30 PM
they asked far far too much off the bat.
they should have asked 2.1 and prayed. Now I'm not sure they'll break 2mm
Posted by: guest at March 26, 2008 2:37 PM
does this place still have C of O issues? Way overpriced for what it is. Narrow, facade needs to be totally re-done, sprinklers, no real detail.
Posted by: guest at March 26, 2008 2:45 PM
Is Park Slope inventory SO LOW that we already have HOTD repeats within a couple months??
Sounds like good news to me.
Posted by: guest at March 26, 2008 3:03 PM
'Is that floor plan correct? It seems weird that both bathrooms are only accessible through the bedrooms. What do the people of the remaining bedrooms do?'
Knock before they can go pee.
This has to be one of the worst HOTD's.
Why are there sprinklers in the bedroom?? Does it get that hot and steamy in there?
this needs a gut renovation, the rooms need to be reconfigured and the bathrooms put in the middle of the house.
In this market we're back at 2006 prices, so 1.3 sounds about right. Throw in 700k to renovate.
Posted by: guest at March 26, 2008 3:25 PM
Yeah, what's up with the exterior? Hard to tell from the photos but is all the brownstone basically gone?
Posted by: housesearcher at March 26, 2008 3:25 PM
i also don't love the layout of the bedroom floors. i don't get why, with a narrow-but-long house, you'd opt to put bathrooms running the length instead of the width. i'm sure all the walk-in closets are nice, but i think i'd prefer ease of access to the bathroom over ease of access to my sweaters, especially if the consequence is a couple extra-narrow bedrooms.
3:25, how do you know this needs a gut? from the pics or you've seen the house?
Posted by: i disagree at March 26, 2008 3:40 PM
If they bought this for 1.3 in 2006 (which sounds very low based on my ongoing search for the last few years), my guess is that they already did do a gut, and certainly the photos make it look like it's move-in. Granted, they made some strange lay-out choices. I agree that it would be much better to have bathrooms in the middle and either extra big bedrooms on either side, or else split the sides into a med size bedroom and very small bedroom(or office). But if they did not redo the mechanicals and basically spruce up the rest of the interior, this asking price is absurd.
Posted by: guest at March 26, 2008 3:52 PM
At least 95% of the posts on this site are from people who're logged in as "guest". This means that someone reading the comments on this site will be reading almost everything in faded type. Now, I understand why the faded type is used for "guests". However, in my opinion it's not worth it.
The faded type is clearly legible, but over the long haul it is more fatigue-inducing than regular, darker type. So, Mr. B, do you really want to condemn your readership to slogging through so much faded type?
Just a thought. Again, I do understand why the faded type was introduced. I just don't think it's worth it. You're shooting yourself in the foot (and inducing eyestrain in your readers) as things currently stand.
Posted by: guest at March 26, 2008 3:58 PM
This is a first! Now readers are complaining about "faded type"!!!
Love it, love it, love it.
Posted by: guest at March 26, 2008 4:21 PM
try logging in. that helps with the type.
Posted by: benno at March 26, 2008 4:35 PM
If *he* logs in, will that cause everyone *else's* posts to appear in dark type?
You are an idiot.
Posted by: guest at March 26, 2008 4:49 PM
i hadn't realized hellen keller was so interested in brownstone brooklyn.
Posted by: guest at March 26, 2008 4:58 PM
The really bad news for me is I didn't realize there are two colors...
Posted by: guest at March 26, 2008 5:21 PM
There's one color, two different shades. A lighter and a darker.
This is what this site is becoming, we're now talking about the text, not about the real estate.
Posted by: guest at March 26, 2008 5:57 PM
I actually went to an open house out of curiosity (grew up three houses away) and I think it's pretty darn nice! Bathrooms could be better, and I agree about putting them in the middle of the house. I myself would have put the kitchen in the front, narrow part of the house and the living room in the back. I'm not crazy for the new floors they put down, but my mother thought they were great (everything is a matter of taste). As for sprinklers, that's because the c of o still has to be changed (allegedly they're in the process) and then they can be removed. But the facade can't be "redone," it's greenstone, which always looks fuddy duddy. Nice new kitchen (even if in wrong place), nice new half bathroom, and a house that (for once) hasn't had SUCH a gut that it looks all shiny and Toll-brothersy. Please, not every house has to have a million dollar gut renovation so that it looks like a Victorian on speed. Some of us like the oldness of an old house (creaky floorboards and all).
Now, as for the price...not theoretically unreasonable, I don't think, for the block (great block, speaking from experience, and right by non-F subways). But it is narrow, and the layout's a bit funky. Whatever, they're trying to flip, the market's bad...all of these houses are only worth as much as one person is willing to pay. If I had the dough, I might actually buy it. But it would probably be a stupid investment as such.
Posted by: guest at March 26, 2008 6:03 PM
The problem isn't that the type is faded--it's that it's not faded enough.
I live on this block. That house is awesome, and the block is amazing. Park Place is right in between the Q and the 2/3 at Bergen. You're close enough to center slope, but the best part is that due to all the triangle stree layouts, you're close to 5th Ave, prospect heights, walkable to FG, CH and Boerum Hill. Really nice old trees on that block, and St Augustine's Church is stunning and plays chimes every half hour. Brownstone prices are high. If you have the dough, go ahead and buy it- it's a good buy. If you're betting that it's going to take a nosedive, then your betting in general against brownstone brooklyn, and you should never buy one.
Posted by: Park Place at March 26, 2008 6:04 PM
Hate to side with the spammer, but I'm not a young (or, alas, middle aged) person anymore and my eyesight is not what it once was, particularly in my left eye because I suffer from cataracts. It is honestly much easier for me to see darker text. I realize I'm older and probably not the main demographic for this site, but insofar as I have a vote, I will cast it for darker text.
Posted by: guest at March 26, 2008 6:16 PM
I think this could be a great house, but it needs work. The work that has been done seems just o.k. in quality. I think the kitchen renovation quality is not so great and the upstairs bathrooms all need updating. The garden level needs a lot of work. House really needs to be re-configured (so that you don't need to walk through bedrooms to get to bathroom). The light fixtures give this house a modern feel (but do not come with the house). Not sure how I feel about the floors (though again give the house a modern feel).
How does one figure out in this market what is a good deal (6:04)? While I agree that brownstone Brooklyn is wonderful, I think it is important to make wise financial decisions. Does anyone have information on status of similarly piced homes in the slope. Have any houses above 2 million sold this Spring. When does the spring market officially end?
Posted by: guest at March 26, 2008 8:54 PM
This house is great.
Posted by: guest at March 27, 2008 6:58 AM
But
massively
overpriced
Posted by: guest at March 27, 2008 12:15 PM
I don't think they were trying to flip. They spent way too much time and energy being nasty to their tenants to get them to move out. I think they thought they could just use it as a one-family, and they have just now realized that it's not that easy.
Apparently they hadn't done their homework before they bought the place, and thought they could just evict their rent stabilized tenants, including a terminally ill tenant on the top floor. Tough luck. The tenants didn't leave for years, and the owners only recently got access to the backyard (there was no access from the parlor floor, you had to go through the garden apartment.) They were completely unethical and inhumane in their behavior towards their tenants, by the way. Somehow they thought that their ownership of the building trumped their responsibility to be decent human beings.
And now they're having problems with the C of O? Karma's a bitch. Good luck selling the place.
Posted by: guest at March 27, 2008 12:26 PM
This house is NOT worth the asking price. The gut renovation was done BEFORE it was purchased by the current owner. Are they hoping to recoup what they didn't even pay out? $1.3 about 3 years ago should be $1.3 or less now.
Posted by: guest at April 16, 2008 12:27 PM

Post a comment
Please be patient while your comment is published. It may take a moment.