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September 5, 2008

Open House Picks

housePark Slope
555 1st Street
Brown Harris Stevens
Sunday 1-3
$3,748,000
GMAP P*Shark

houseWindsor Terrace
80 Windsor Place
Corcoran
Sunday 12-2
$1,599,000
GMAP P*Shark

houseBeverley Square West
335 Rugby Road
Mary Kay Gallagher
Sunday 2-4
$1,375,000
GMAP P*Shark

houseProspect Lefferts Gardens
70 Rutland Road
Graves/Rogers
Sunday 3-6
$1,275,000
GMAP P*Shark




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Comments

So, 80 Windsor Place is basically a two bedroom house (if used as a single family) and a no-bedroom owner's portion if used as a two family? Other than the garden (and I admit, that's pretty big - must be about a 140' 0" deep lot, I guess) and basement storage, what's the advantage of this place over an apartment? At $730/SF (excluding basement area), I'd say this place is overpriced by about 25%.

Posted by: johnife at September 5, 2008 1:31 PM

Interesting floorplan at 555 1st Street. The "high income rental" has an apparently windowless bedroom. Sweet!

Posted by: SnarkSlope at September 5, 2008 1:47 PM

I went to an open house at the Rugby Rd house a few months ago. It was just plain weird. There were students living in the house and they didn't leave or clean up a thing for the open house. One of them was sitting on the couch eating a really smelly microwave meal. A dog jumped on me when I walked in the door. All the bedrooms were wrecks. It was very hard to get past all this noise and the see the house beneath it. It really felt like they weren't trying at all. But, my general impression was that it should have been priced closer to 1.1-1.2 range.

Posted by: ppwgall at September 5, 2008 1:48 PM

Park Slope house is about 10% too high

Posted by: blackstoner at September 5, 2008 1:57 PM

Rugby is directly across the street from PS139.
That's a dealbreaker.

Posted by: manofelt at September 5, 2008 2:11 PM

1st Street house last traded for $2,270,000 in 2006. It was originally a 1-family.

Posted by: nyc87 at September 5, 2008 2:14 PM

$1.5 million appreciation?

Posted by: dittoburg at September 5, 2008 2:16 PM

favorite picture is of the bedroom at Windsor Place. The carpet....I like it in a sleazy kind of way

Posted by: bayridgegirl at September 5, 2008 2:16 PM

That might be the most minimal effort ever in the history of the world on the part of a RE broker, on the PLG house. It's awful. Where did these homeowners find these people? A postcard stuck in the door?

Posted by: traditionalmod at September 5, 2008 2:18 PM

agreed, traditionalmod. she could at least have posted some dark, blurry photos of the inside!

Posted by: z at September 5, 2008 2:32 PM

Yuck. Three totally unappealing properties (WT, PLG, Beverly) and one that looks to be seriously overpriced (PS). Even without the comment above, I could see that the Beverly place is a heap. Also contrast this WT place with the one that sold for 1.5 in yesterday's posts. NFW, as they say, unless you're a woodworker looking for a new shop.

One question about the PS house, though. I assume the kitchen in the photos is on the parlor floor, but where would the real "parlor" be? There's a dining room and hall on the floor plan. It's exactly why people bump out the back for a kitchen addition.

And those little pocket bedrooms on the top floor are only good for WIC's or stashing unwanted guests. I like PS limestones as much as anyone, but somebody's reaching a bit.

Posted by: Bolder at September 5, 2008 2:43 PM

Hey, the PLG realtor took the effort to write MINT in all caps and to use not one but two exclamation marks. That should assure you of the house's value.

Posted by: shillstoner at September 5, 2008 2:45 PM

bayridgegirl, thanks for the warning on that carpet. It reminds me of something one would find in the honeymoon suite at a Niagara Falls motel. If the buyers don't don hazmat suits and rip it out, I would advise a major steam cleaning!

Posted by: Biff Champion at September 5, 2008 2:55 PM

The Rugby Road house on BSW is a nice house. Unfortunately, the house was rented out for a year, and the tenants (not students, but a couple with grown children and several dogs)did not lift a finger to help show the house. Quite the opposite from what I understand.

I've been in the house several times, and it's a really lovely house - great space, relatively recently renovated by a family who thought they would grow old there. Not a flipper job by any means. Current owners even took off the asphalt shingle, reshingled with cedar shakes. Basement has a pretty nice apartment/nanny suite as well. It's a lot of living space.

Some people don't want to live opposite a school, and I can respect that. However, it should be noted that the house is opposite an entrance to 139 and not the school yard. The school yards face Cortelyou and Argyle (which does get quite a bit of noise). This is actually a great location if you're sending kids to 139, even more so if you intend to be active in the school community. There's some traffic at drop off and pick up, but not relentless playground noise that people fear. The location is also convenient to Cortelyou Rd (and this should not be underestimated), while still walkable to Prospect Park.

If you saw it before, while the renters were there, you really should take another look. I guarantee you'll have a very different impression. And if you haven't seen the house yet, go take a look if you're interested in the neighborhood and don't want a fixer-upper. I'm not a realtor, just a neighbor calling it as I see it.

Posted by: Architerrorist at September 5, 2008 3:08 PM

The sound of kids playing doesn't seem like noise to me but then again I don't live across the street from a playground. I agree Architerrorist, that the home was well kept by the owners who no longer live there. I watched as they renovated and re-shingled but kind of cringed at their color selections both inside and outside of the house. To each his own though. I think the price is too steep. The tudor around the corner on Marlborough wasn't asking that much and it is a nicer home with more original details.

Posted by: Chaka at September 5, 2008 3:28 PM

I agree that the Windor place is overpriced, but it looks about the same as yesterday's. Needs some cosmetics. Nice sun room. Hey, if you're colorblind you could move right in.

Posted by: MR at September 5, 2008 3:28 PM

The Tudor is an unusually lovely design, but it also MUCH smaller than this house. This has a lot more square footage. One of the largest homes in BSW.

I don't know what they got but both the Tudor and the really lovely house on Glenwood (also much bigger) that listed at the same time are in contract. Ask were $1250000 and 1450000. So this falls in the middle.

This house isn't across from the playgrounds, which is why noise is not an issue. Just the drop off, pick up from school scene. If you're at work, you wouldn't even notice.

Posted by: Architerrorist at September 5, 2008 3:42 PM

"There's some traffic at drop off and pick up..."

Read: There will be buses idling right outside your doorstep!


Posted by: manofelt at September 5, 2008 3:54 PM

Just curious, monofelt... when do you think you'll ever buy a house... anywhere in Brooklyn? Seems like you've been looking forever and complain about every property on this site... Everywhere from Downtown Brooklyn to Ditmas Park. I hear you (via your posts) it's all about location, location, location for you... but I'm getting the impression Paradise just isn't in your budget.

Posted by: Architerrorist at September 5, 2008 3:59 PM

The WT house is insanely over-priced, like yesterday's one. It just doesn't make any sense to buy a one family house at that price, unless you have all cash and you won't have mortgage payments. But I've got to think that it could be at least 10 years before the market will get to a place where that price is reasonable for that house.

Posted by: wasder at September 5, 2008 4:01 PM

I saw the WT house and the decor looks it was done by Tony Soprano. Trying to see beyond the over-the-top taste, the biggest problem was the layout, which was inefficient to say the least, and the basement "shop" would truly only be useful to a serious woodworker so I think this would significantly limit the buyer pool. Even the Corcoran broker I went with (not the listing agent) said it was way overpriced.

Posted by: Miss Muffett at September 5, 2008 4:07 PM

while i'm not usually one to comment about things being overpriced but i must admit the WT price baffles me. i just can't understand how anyone would pay that for something this size, this style and this oddly laid out.

Posted by: pmmtenement at September 5, 2008 4:14 PM

Um...why is everyone so baffled? It would seem that based on the almost identical house that we just found out yesterday sold for a similarl amount, that this is what the market will bear. The market is crazy, but if someone is buying then I don't think we can call it "overpriced".

Posted by: MR at September 5, 2008 4:25 PM

If somebody pays it then yes its not "overpriced" but I can't see anybody paying that kind of dough for that house. I would buy that Rugby Road place way before I bought the WT one. But to each his own as they say.

Posted by: wasder at September 5, 2008 4:35 PM

This house really isn't in WT. Anything beyond 9th avenue is out of bounds (even if just by just a few houses) Same goes for the other house discussed earlier this week.

Posted by: Mrs. Limestone at September 5, 2008 5:31 PM

rugby rd is over priced by at least 500K

Posted by: Xander Crews at September 5, 2008 5:55 PM

Don't be ridiculous, Xander. Makes for tedious reading.

Posted by: Architerrorist at September 5, 2008 6:50 PM

just one question.WHAT THE HELL R THE PEOPLE WHO BUY THESE HOUSES PAYING FOR?! in pennsylvania for the same money u can own a castle.with ten bedrooms.2 football fields and a baseball field for a backyard.not to mention ur own creek.no crime,fresh air,30 minutes to downtown philly.THESE PEOPLE R CRAZY!now from reading this u may think that im some stupid suburbanite who has never even seen new york.on the contrary,im from coney island born and raised.forced to move to philly.because in philly, realestate prices are (how should i put this) SANE.

Posted by: buckfast at September 5, 2008 7:01 PM

buckfast, I hear there's plenty crime in PA. I hear that when you hafta get up at four in the morning to commute to NYC and get home around 9PM tired as sh*t, I hear you don't have any time to look after your kids. I hear some of the kids are running wild. I hear families who have been lured out there by ads on hot97 are very unhappy and very stressed, even if they do have ten bedrooms. Especially when they got suckered into all kinds of sub-prime mortgages. I hear Philly ain't no picnic either.

All the suckas who bought in the Poconos, one of which is my brother-in-law, who does all these things, think their RE values will go up. Suckas! Every time RE values show signs of going up, some developer will build another 100 homes on another tract of old coal mines. Scarcity is not a bad thing in RE. Therefore RE prices are SANE and always will be!

Unless you believe the Pocono sucka hysterically funny rumors, the same ones that they've been suckering you in for the last twenty years.

1. Wall Street West. Keep on dreaming, asshats!
2. Amtrak extending train service to Stroudsberg, or some place. Keep on dreaming, asshats!

What, where are you when we need you?

Posted by: denton at September 5, 2008 7:49 PM

well world doesnt revolve around manhattan assh#&@.people out here dont need to commute to new york.everything they need is in philly. including good jobs.and who the hell said anything about poconos?i was talking about philadelphia suburbs.places like bucks county PA.where crime is almost nonexistent.so do a lil research before u type, lil yuppie

Posted by: buckfast at September 5, 2008 8:16 PM

architerrorist sounds like she is trying to make a sale really bad on this property, its overpriced, do you comps and stop pulling numbers out of your ass.

Posted by: Xander Crews at September 5, 2008 8:16 PM

We used to have fun committing crimes in Bucks County, shame the hood has gone downhill since.

Posted by: Heather at September 5, 2008 8:32 PM

Please. I am not trying to make a sale. I am not a real estate agent?

$875 for the Rugby Road house? Get real. MKG has two houses in contract in the last month, for $1250000 (smaller house in same neighborhood) and $1450000 on Glenwood Road.

Bitch all you want, Xander Crews. This house isn't going for less than a million. No matter how much you wish you could afford it.

Posted by: Architerrorist at September 5, 2008 9:29 PM

And yeah, you asked for comps. So go looking and show my $875000 in BSW. Good luck, you ignoramous.

Posted by: Architerrorist at September 5, 2008 9:30 PM

Denton--I think you have been talking to another sockpuppet of the what there.

Posted by: wasder at September 5, 2008 9:49 PM

Hey Architerrorist, yes it is all about location and I'll look for as long as I like, thank you very much.

Are you suggesting that I buy a house that's overpriced and in a location that I don't like?

And by the way, thanks for the snobby comment. Jerk.

Posted by: manofelt at September 5, 2008 10:35 PM

architerrorist sounds like she knows too much about MKG to not be a real estate agent, and by her shitty attitude. I can almost guarantee you that she probably works there too.
Hence the overpriced garbage she is trying to justify.

what about 271 Stratford Rd, Identical house, bigger lot same shitty alterations $985k

or what about 109 Marlborough Rd - a 3k sf house on a 7k sf lot. 1.1m that kept all of its Victorian charm with sensible characteristic upgrades and match that up against that over prices pos.

875.. 900 if you're lucky and sell it to a west village yuppie that don't know any better.

and next time you feel the need to call me names back that shit up with facts. - dumbass.

Posted by: Xander Crews at September 5, 2008 11:05 PM

Sorry, Xander, but you're a blowhard who doesn't know what he's talking about. Clearly you get all your info from real estate listings, rather than living in the neighborhood, having been inside these homes, etc...

Since you asked for facts:

107 Marlborough is in Caton Park - a totally different neighborhood and the last place to get a good deal in Victorian Flatbush. Serious quality of life issues. Noise, pollution, traffic. Despite the interior renovations the house clearly needs a new roof and the front columns are crumbling. It needs tons of exterior work. Have you ever actually looked at it? They'll be lucky to get $999.

271 Stratford is a nice house on a nice street, priced to sell for personal reasons. It has very little period charm, is not as large as Rugby Road by any stretch of the imagination. There is a massive, beautiful updated basement in the Rugby Road house. Stratford has some recent upgrades - however it is not renovated to the level of the house on Rugby Road, where very little expense was spared.

The only under $900k house in contract is down on Wellington or De Koven or one of those side streets down by the tracks. It is painted green inside and out, has no updates, is close to the train tracks, and doesn't even have a powder room on the ground floor. A great fixer upper for someone who likes a project and a good investment. The Rugby Road house has already had the money poured into it, hence the asking price.

Enough facts for you, or shall I go on?

I know these properties. Well. And I am not a broker or in anyway affiliated with a broker. I'm in no way poised to make a buck over the sale of any of these houses. I'm just sick of people dissing the area and the houses when they don't know what they're talking about. It is almost impossible to have real comps for the neighborhood because every house is so different, in terms of preservation, location, renovation, etc... There are huge margins of difference from house to house. Perfect houses, like the one in Ditmas Park that sold for 1.9 a few years ago (and would be more like 1.7 nowdays, I'm sure)are few and far between, and are generally snapped very by people coming, yes, from Manhattan or more affluent areas of Brooklyn.

And as for Manofelt, I will be very interested to see what you settle for. Hope you find that great deal. Because that's clearly what you're holding out for. More power to you if you find it. Seriously, you should look at Stratford Road. Your price range is obvious from your comments on this site, and it will be almost impossible for you to find the perfection you seek. Unless prices collapse further, but maybe that's what you're holding out for. Stratford is a nice house, with some good updates and has a very reasonable asking price.

Posted by: Architerrorist at September 6, 2008 11:06 AM

So Architerrorist, what's wrong with the Ditmas Park house on Mary Kay's site for $975k?

Posted by: the chicken at September 7, 2008 1:03 PM

Block is nice looking, but as close as you can get to Flatbush Avenue, which is no selling point, IMO.

The house has had a very cheap reno - lots of low level Home Depotesque kitchen and bath remodelling.

The entire house has been whitewashed - inside and out - a quickie cosmetic fix that looks better in the pix than in reality.

That said, I am still very suprised that no one has purchased this house for this price. Except that it seems everyone in this market thinks they can get the nice, tastefully reno'd places for a song and are holding out. If you look at the in contracts and solds on MKG website, this isn't happening. Things are selling within reach of ask, or sellers aren't caving in.

Yes, two houses in PPS sold for less than you'd imagine in recent memory. One had a ghastly view of Coney Island Avenue, and although a very nice house, nothing mind blowing in the architectural sense, which many people expect with a PPS address. House sat with Corcoran with price in freefall for months. MKG sold it almost immediately, once the seller listed with her. The other house in PPS that sold for under 1.2 needs TONS of work. Exterior and interior.

Posted by: Architerrorist at September 7, 2008 3:33 PM

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