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April 9, 2008
House of the Day: 429 9th Street
This place may be worth it just for the cupola bragging rights! It's a four-story, 19-foot-wide brownstone that's currently divided into four full-floor apartments. All four will be vacant by the end of May and have a combined monthly rent roll of $8,800. At the listing price of $1,700,000, you'll need all that rent to cover your mortgage. What about as a conversion to a single-family or two-family? Well, you gotta figure you'll be in for more than $2 million when you're done. How does that stack up for this location? Well, we just heard that 547 9th Street, which we had called "the best deal we've seen in a long, long time" when it was listed back in January, sold at auction yesterday for $1,820,000. It's a floor shorter than this but richer in detail and location.
429 9th Street [Orrichio-Anderson] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
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Comments
FWIW, that place has had a For Sale sign in front of it for many, many months.
Posted by: guest at April 9, 2008 1:42 PM
1:42, FWIW - I guess it's not worth as much as the seller thinks!
Posted by: Biff Champion at April 9, 2008 1:53 PM
This place has been on the market for a long time and has gone through various brokers. Orrichio Anderson only recently got the listing. Corcoran even had it for a few weeks (the Neinasts). I saw it on Craigslist in September when a guy named Yuri was selling it.
Posted by: guest at April 9, 2008 1:56 PM
The links to the HOTD and comparable appear to be the same.
Posted by: guest at April 9, 2008 2:07 PM
Cute cupola. I wonder if these houses feel the F train rumbling underneath.
Posted by: guest at April 9, 2008 2:27 PM
Anyone know what the other Orrichio 9th street house (former HOTD) went for yesterday at the auction?? that would be a good comp.
Posted by: guest at April 9, 2008 3:07 PM
"547 9th Street, which we had called "the best deal we've seen in a long, long time" when it was listed back in January, sold at auction yesterday for $1,820,000."
Is that a different one than the one you are referring to, 3:07?
Posted by: jerri blank at April 9, 2008 3:13 PM
thanks for that update, that was the one i was talking about. Can't believe it went for $1.820. wow.
Posted by: guest at April 9, 2008 3:31 PM
Mr. B., how about instead of recylcing some old stale property that cannot sell as HOD, you start listing some interesting new to the market unique properties such as this:
http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=1230475
Posted by: Brooklynnative at April 9, 2008 3:42 PM
That is a very bad addition to the top of the building.
the interior is not much better, either.
Posted by: guest at April 9, 2008 3:43 PM
Brooklynnative,
That is one sweet house you just linked.
Seriously. Maybe he was savin it up for Friday's HOTD or something.
Gorgeous. That place will be gone in no time.
I want it!
Posted by: jerri blank at April 9, 2008 3:55 PM
jerri and Brooklynnative, forgive my ignorance, but are you guys brokers?
Posted by: kuroko at April 9, 2008 4:01 PM
Yo Kuroko, this is a site on brownstones. Guess what, it attracts people other than real estate agents who love Brooklyn and who are into brownstones. The link I provided, if you bothered to check it out, is to one of the most unique charming properties I've ever seen listed. Don't be an Asshat.
Posted by: Brooklynnative at April 9, 2008 4:06 PM
I don't think she can help it, Brooklynnative.
It seems to be in her nature.
Posted by: jerri blank at April 9, 2008 4:10 PM
we just heard that 547 9th Street, which we had called "the best deal we've seen in a long, long time" when it was listed back in January, sold at auction yesterday"
Brownstoner let me guess from a broker friend of yours?
Posted by: guest at April 9, 2008 4:15 PM
Yeah, Kuroko, I don't understand why appreciating a nice place automatically implies one's a broker. I also like the listing to which Brooklynnative gave the link. If I suspected anyone of being a broker, it would be certain faded type posters who give over the top praise to clearly undeserving properties; something that I haven't seen Jerri or Brooklynnative do.
Posted by: Biff Champion at April 9, 2008 4:37 PM
Yeah, Kuroko, I don't understand why appreciating a nice place automatically implies one's a broker. I also like the listing to which Brooklynnative gave the link. If I suspected anyone of being a broker, it would be certain faded type posters who give over the top praise to clearly undeserving properties; something that I haven't seen Jerri or Brooklynnative do.
Posted by: Biff Champion at April 9, 2008 4:38 PM
The corcoran place is amazing.. I would actually consider living in prospect heights to live in that place
Posted by: oe at April 9, 2008 9:03 PM
I don't understand the math on the prospect heights corcoran place linked above. 2.4m, with just 40k income (rent control?) on the 3 apartments? and you live in the v small carriage house? how on earth does anyone make that work?
Posted by: guest at April 9, 2008 10:26 PM
I agree the math doesn't work unless you fall in love with the place and can afford to splurge. However, it's so uniqure, it might sell at close to ask.
Posted by: Brooklynnative at April 10, 2008 9:18 AM
Cute. But not 1.7 millon cute.
Posted by: guest at April 14, 2008 12:30 AM
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