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November 4, 2008
House of the Day: 44 1st Place Revisited
When we first took a look at 44 1st Place almost a year ago, it was on the market with Douglas Elliman for $3,842,500, a price we called "a big stretch" at the time. Elliman lost the listing in March, and it popped up again with Corcoran at $3,650,000 in April. When that didn't work, the price was cut again to $3,200,000 in July, where it's stayed despite a worsening market. What do you think it'll take to get this done?
44 1st Place [Corcoran] GMAP P*Shark
House of the Day: 44 1st Place [Brownstoner]
Overpricing Not Working in Carroll Gardens [Brownstoner]
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Comments
3 mil one year ago, it woulda gone.
I know, not very helpful.
Posted by: dittoburg at November 4, 2008 1:24 PM
$2.4 million
Posted by: lowintheheights at November 4, 2008 1:32 PM
The architectural details are great but that's the biggest, fugliest sectional sofa I've ever seen. $2.4-2.6MM tops
Posted by: daveinbedstuy at November 4, 2008 1:35 PM
Thats a sofa? I thought it was stuffed humpback whale.
Posted by: dittoburg at November 4, 2008 1:40 PM
DIBS,
that's togo sofa by ligne rosset.. the color sucks but it is really an amazing sofa that has been a classic for 40 years.
Posted by: owner12 at November 4, 2008 1:41 PM
really hard to say with these big houses that are really the size of small apt buildings. first two floors are 1500 sqft each! i feel like it might go down to 2mill since the owners are being so stubborn.
Posted by: gkw at November 4, 2008 1:41 PM
to turn this baby into a grand one family - alot of plumbing work $$.
Sofa looks like an elephant laying down.
Posted by: bayridgegirl at November 4, 2008 1:43 PM
offer 150K
Posted by: Xander Crews at November 4, 2008 1:44 PM
Obviously its the sofa thats making this place hard to sell.
Posted by: dittoburg at November 4, 2008 1:45 PM
It's a four-unit tenement with a very ugly front facade.
A landlord that is interested in increasing his rentals in the area may offer 1.8 million. The place wouldneed a ton of work to make it into a two-family. The facade alone needs to be completely redone.
I'm not feeling the love.
Posted by: sam at November 4, 2008 1:53 PM
Why was that arch closed up? And those silly little doors put there? Ack! Ruined!
Posted by: cobblehiller at November 4, 2008 1:53 PM
Why do people in New York do this to historic houses?
Is it ignorance? Cheapness? Profound bad taste?
Posted by: sam at November 4, 2008 1:58 PM
The kitchen, though they probably spent more money on it than they had planned to, looks like something out of those magazines that you see at Home Depot.
Posted by: daveinbedstuy at November 4, 2008 2:03 PM
The blooming cherry tree in the front yard is supposed to diguise the stripped and cracked front facade.
Posted by: sam at November 4, 2008 2:14 PM
"It's a four-unit tenement with a very ugly front facade."
sarah palin is that you?...i'm assuming because it's such a stupid comment. This house is on one the nicest, quietest blocks in carroll gardens aside from that the facade is about ALL it's got going for it.
Posted by: CGmodern at November 4, 2008 2:15 PM
Without that sofa, this place would be considered a mansion.
Posted by: Biff Champion at November 4, 2008 2:15 PM
CGmod, what part of my comment is not factual?
This house may be on a very lovely block, but in its current state, it is a homely four-unit walk-up apartment house, also known as a tenement in New York City. It could perhaps be restored into a grand house by someone with lots and lots of dough but the past and current owners have put it through the mill of suburban uglification.
Posted by: sam at November 4, 2008 2:34 PM
2.8 - 2.9
Posted by: FatLenny at November 4, 2008 2:56 PM
Why would it take a ton of money to convert to an owner's duplex? Scrap one kitchen and everything else is cosmetic. If you wanted only 2 beds, the parlor kitchen could be converted to a master bath for oh, say, a reasonable sum. And you have the laundry in place.
Not that I would LIKE the ground floor, but it's doable.
Posted by: cmu at November 4, 2008 3:06 PM
Right, doable and make-do for three million dollars plus renovation costs. I pass.
Posted by: sam at November 4, 2008 3:12 PM
Someone spending 3m dollars isn't going to want doable.
The layout is awful. Bathrooms should be moved to the center of the house on bedroom floors freeing up windows for habitable rooms.
Posted by: bayridgegirl at November 4, 2008 3:14 PM
The reason this has hit a nerve with me is not because I find it so unusual. Lots of beautiful old homes were converted to boarding houses and tenements and flophouses, you name it. In the process the facades were stripped, the ironwork removed, and on and on. But to be asking 3.2 million dollars for this remuddled building, with a facade that will require at least $60,000 worth of work immediately, is just ridic.
Posted by: sam at November 4, 2008 3:20 PM
No financing market for developer to purchase for conversion, so a rental with eventual upside for occupancy.
$2MM range.
Posted by: aabklyn at November 4, 2008 4:27 PM
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