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April 24, 2008
House of the Day: 31 Prospect Park West
While this one-family brick house at 31 Prospect Park West doesn't have the same spectacular interiors that some other Park Slope houses on the market in its price range have, it's got an unusual design, a grand address and a driveway to boot. As a result, the owner's trying to get over $1,000 a foot, asking $3,250,000 for the 2,890-square-foot pad. While this is a special one for the reasons stated above, we think the owner may have blown it with the recent kitchen renovation: This ain't a kitchen befitting a $3 million house. Then again, you could always adjourn to the roofdeck.
31 Prospect Park West [Corcoran] GMAP P*Shark
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Comments
I think the taxes sound awefully high....
Posted by: guest at April 24, 2008 1:50 PM
3-story house with driveway, premium park location and at least a little bit of charm, all for 3.25M = reasonable pricing (relative to this ridiculously priced market)
Posted by: guest at April 24, 2008 1:52 PM
I'd pay that much to live next to Jennifer Connolley
Posted by: guest at April 24, 2008 1:56 PM
Yes, taxes very high ($10K/year). The Park Slope listing above (on a corcoran search) is much nicer in the same locale with only $6K annual taxes. What gives, the driveway?
Posted by: guest at April 24, 2008 1:59 PM
Not sure I get it. Nice location and nice to have garage on site instead of around the corner, but still, after the mortgage tax subsidy and all, it's still over $24k/month. That would get you a pretty nice apartment in Manhattan or early retirement in Aspen or Crete. And is at least double the cost of renting a house in PS or BH, even assuming that NYC escapes the real estate slowdown entirely.
For whom is it worth double to have the privilege of ownership?
Posted by: guest at April 24, 2008 2:03 PM
I'm all doom and gloom in the long term, 2:03, but people still seem to be paying these prices in these prime locations.
Posted by: guest at April 24, 2008 2:09 PM
Having a driveway in this location would be worth 3 million if the house was spectacular but the house is very ordinary. Not worth the money.
Posted by: guest at April 24, 2008 2:13 PM
Are these buildings actually landmarked?
I've always thought these two houses are rather ugly. They would be perfect to demo and replace with higher density housing more in line with the other high rises on PPW.
Posted by: Polemicist at April 24, 2008 2:17 PM
it's a SHARED driveway, right? So it's not yours exclusively. You have to coordinate with the neighbors to get you car in and out. It's a pain in the ass and not worth the extra premium.
Posted by: guest at April 24, 2008 2:26 PM
Polemicist: they're a really unusual example of later Colonial Revival in Park Slope. For what they are, they're great, but I agree: they aren't what you think of when you think "Park Slope". I've always been curious about them.
That isn't a $3 million kitchen, and that ain't no $3 million bathroom, either.
Posted by: guest at April 24, 2008 2:26 PM
Not a 3 million dollar kitchen, or bathroom, but that bed.
Posted by: guest at April 24, 2008 2:52 PM
Ah yes, that bed. Dorothy Nash's two daughters and I could all comfortably fit on it.
Posted by: Biff Champion at April 24, 2008 3:12 PM
Bed + Jennifer Connolly = $3m.
Posted by: guest at April 24, 2008 3:14 PM
Bed + Jennifer Connolly + Mrs. Nash's daughters = $2m.
Posted by: Biff Champion at April 24, 2008 3:25 PM
My prediction: Bidding war between all-cash buyers.
Who cares about rents, comps or costs? This is the best location in Brooklyn and privacy you can't get in a doorman building or a brownstone. It is a unique property (in the dictionary, not the brokers' sense) that will sell without regard for ordinary valuation mechanisms.
Posted by: guest at April 24, 2008 3:27 PM
Bed + Jennifer Connolly + driveway + proximity to nursing home so you don't have to make room for your parents + new server for Brownstoner = PRICELESS
Posted by: Biff Champion at April 24, 2008 3:58 PM
Is there a window in the "middle" bedroom? Or is it really a closet?
Posted by: guest at April 24, 2008 4:04 PM
Meh.
Posted by: guest at April 24, 2008 4:12 PM
Yes, Polemicist, an opportunity not to be missed to tediously harp on your pet point that the park should be lined with high density housing. Let's just seize this block and do that. You are grasping at straws to be relevant.
Posted by: guest at April 24, 2008 4:21 PM
re does jennifer connolly live?
Posted by: guest at April 24, 2008 4:30 PM
Bed + Jennifer Connolly + Mrs. Nash's daughters + Mrs. Nash = $2.
Posted by: guest at April 24, 2008 5:07 PM
It doesn't have to be a brownstone to be cool. And not everybody wants or needs a huge brownstone with a rental tenant. We opted not to have a tenant. I'd hate it.
I have always been intrigued by these houses too. Okay and hi, these are the only houses on Prospect Park West with their own driveways! Very few houses in all of Park Slope with driveways actually. Sold. Within a week for sure. They won't be taking out a big mortgage to do it, either. Not the new wave of buyers in Park Slope. People keep not getting that and I don't get it.
Posted by: guest at April 25, 2008 12:06 PM
The new buyers in Park Slope are buying for consumption, not investment. "$2 million" kitchen is irrelevant; it's going anyway. Overpriced is irrelevant; it just shows the new owners have money to burn. Anyone who needs to worry about housing as an investment or getting an appraisal for a mortgage is priced out. This will sell fast to someone who doesn't need to think about such vulgarities.
If you don't get that, you don't understand how the rich spend their money.
Posted by: guest at April 25, 2008 12:27 PM
According to Zillow, sold for $1.4 million in Sept. 2004.
Not a bad return...
Posted by: guest at April 25, 2008 12:53 PM
Delusions of grandeur. Who cares about Jennifer Connolly! She and the park don't justify this price. Take the park out of the equation and the house is worth maybe $750,000. With the location - the house is worth maybe $2.1.
This one will sit for 12+ months. There won't be a bidding war.
Posted by: guest at April 25, 2008 2:13 PM
These was another house for sale a year or so ago featured on Brownstoner for about this price. (no driveway but larger more attractive).
Propshark does not show it as sold.
Posted by: guest at April 25, 2008 3:41 PM
oh - forgot to say facing park couple blocks down from here.
Posted by: guest at April 25, 2008 3:42 PM
You are all so unqualified to even be looking at this house.
Posted by: guest at April 26, 2008 7:22 AM
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