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February 20, 2009

Open House Picks

housePark Slope
14 7th Avenue
Brooklyn Bridge Realty
Sunday 2:30-4:30
$2,475,000
GMAP P*Shark

houseWindsor Terrace
74 Reeve Place
Historic Homesteads
Sunday 1-3
$1,100,000
GMAP P*Shark

houseFlatbush
596 East 26th Street
Corcoran
Sunday 12:30-2
$870,000
GMAP P*Shark

houseGowanus
270 10th Street
Century 21
Sunday 1-3
$725,000
GMAP P*Shark




Posted by Brownstoner at 1:13 PM | Comments (34)
Categories: Open Houses

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Comments

The address is incorrect on your first listing--it should read 14 7th Avenue.

I absolutely LOVE the interiors in this house. Too bad it's on that really dirty and busy stretch of 7th Avenue.

Posted by: bk14 at February 20, 2009 1:17 PM

a motley bunch

Posted by: dittoburg at February 20, 2009 1:18 PM

The Reeve Place house is nice, but way too expensive for that neighborhood. Why didn't they add a 2nd full bath?

Posted by: ebklyn at February 20, 2009 1:19 PM

is the flatbush link dead for everyone else?

is there a secret hidden button for seeing interior pics of the gowanus place, or should i hate on the realtor now?

Posted by: goldie at February 20, 2009 1:37 PM

here's the link for the east flatbush property
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1500126&OhDat=2/22/2009%2012:00:00%20AM;

I live not far from here, in east flatbush, and if this property sells for that price my house will be worth millions! woo hoo!

Posted by: honeycut at February 20, 2009 1:45 PM

I LOVE that Reeve house - I live nearby and I've always coveted it. I think it is almost the right price, probably a bit closer to 1.0 will work for that house - it is a few houses in from the park and near a subway too. We have an attached house nearby, similar vibe but not as nice nor as wide that was very recently (a week ago) appraised for just under a million for a refinance. I think the nicely updated houses over here can command that - you are talking about a detached house, fully updated, right off the park in a good school zone. Definitely has value. Plus that house is cuter in person than that weird photo.

Posted by: WTbound at February 20, 2009 1:47 PM

The price for the house in Windsor Terrace seems high, no?
One bath room and north of $1mm, or is this "market"?

Which brings me to the key question: Have prices really gone down at all in Brooklyn?

It would appear based on anectodal evidence that prices down but only about 10% - 15%, and that discount is off of the 2008 all time highs.

Posted by: Gila Bend at February 20, 2009 1:47 PM

A brownstoner typo. You can just delete the extraneous "h" from hhttp:// on the flatbush link
->
http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1500126

And you can go ahead and hate on the gowanus realtor

Posted by: Bklnite at February 20, 2009 1:47 PM

Okay, I didn't realize the Reeve house has only 1 bath and no finished basement. Ours has 2.5 baths, maybe that is a real issue

Posted by: WTbound at February 20, 2009 1:49 PM

Okay, again, nevermind. Reeve house is only 1600 sq. feet. Well, it IS a cute house, but seems like price might be high once one actually looks at the floorplan - I was too quick to type after walking by it all the time and saying how much I like it from the outside

Posted by: WTbound at February 20, 2009 1:51 PM

wtbound--its still a cute house. One would think at 850K or so this would get sold.

Posted by: wasder at February 20, 2009 2:09 PM

I smell Napalm!!!!

C -33.07
BAC -29.01
HOV -26.66
WCG -23.27
GM -23.00
WFC -22.73
AIG -15.63
JBLU -13.69
UBS -13.42
SOLF -11.49
AMR -11.04
FRE -10.71
GGP -9.91
GE -9.74
ETFC -9.16
ADBE -8.96
RIMM -8.27
XLF -8.21

Say Buh Bye Assheads....

The What (I love the smell...)

Someday this war is gonna end,,,

Posted by: Return of The What at February 20, 2009 2:09 PM

The Windsor terrace place is cute but this seems a lot at the price per square foot. Yeah, it's cute but I'd take this one over here if I had to choose.
http://www.streeteasy.com/nyc/sale/347787-anyhouse-540-16th-street-windsor-terrace-brooklyn (at 2100 square feet)

(or)

http://www.streeteasy.com/nyc/sale/378590-anyhouse-235-windsor-place-windsor-terrace-brooklyn (but this one only has one bath as well)

Posted by: xander at February 20, 2009 2:20 PM

Hey What, Dont blink, you just missed the rally.

Posted by: newsouthsloper at February 20, 2009 2:28 PM

Dear What,

We have google finance too so please leave your profanity and stock quotes there.

Posted by: Gila Bend at February 20, 2009 2:44 PM

hmm - well I suppose we can all assume that 10th street house is a mess inside without the interior pics - however much worse, it sits across the street from that huge train tressel overpass down on 10th street
the reeve house is verrrry cute - i could see it going for that price, maybe lower b/c of the 1 bathroom situation
7th avenue is realllllly grand - not really my style - but i can see why someone would love this - I think it will go for asking

Posted by: gemini10 at February 20, 2009 3:07 PM

We should have a rally by tuesday next week. If not all hell will break loose. It all depends on that dumbass geithner. The banks Credit Default swaps are still trading higher so even with the rally I would still not be buying. I like that reeves house it reminds me of my moms house in Jersey City but her house would only sell for 350k in a good area near the path. My goodness prices are still kind of crazy but they will come down. If I owned I would be selling for in my opinion brooklyn and manhattan will be hit last but still hard... You can see prices coming down already..

Posted by: HOBOKENROCKS at February 20, 2009 3:10 PM

Speaking as someone who lives on 7th avenue ... it's REALLY loud and I would think long and hard before ever buying on the street, no matter how much I liked a place.

Posted by: cwbuecheler at February 20, 2009 3:11 PM

Am I missing something re the WT house? There are two baths on the plan, one on each floor. Or are you complaining about only one on the second floor (?)

Posted by: denton at February 20, 2009 3:17 PM

Those quotes look like some serious wishful thinking.

So Brooklyn Bridge sold exactly one townhouse in 2008?

Posted by: BobfromBklyn at February 20, 2009 3:20 PM

Hey, newsouthsloper, how'd that rally work out?

Posted by: Whuh at February 20, 2009 3:35 PM

Not so good...

Posted by: newsouthsloper at February 20, 2009 4:11 PM

Wow, the 7th Avenue house is really beautiful. I love how bright and airy the rooms feel. I really like the bathroom. It is stunning. My only complaint is that it seems to be missing its parlor doors. I also agree that the main problem is the location. 7th Ave right off Flatbush is very loud and busy-constant foot and car traffic. And there seems to be some sort of bizarre wind tunnel that forms on that block because there is always litter and paper strewn all over the sidewalk and the stoops. It's also right across the street from a billiards room/bar which adds to the noise, especially in the summer.

Posted by: nyc87 at February 20, 2009 5:13 PM

you guys always underestimate windsor terrace

Posted by: blackstoner at February 20, 2009 5:33 PM

You mean like this blackstoner?

- http://www.brownstoner.com/brownstoner/archives/2009/02/open_house_pick_243.php

1604 10th Avenue: $1,775,000 cut to $1,490,000
247 Windsor Place: $1,250,000 cut to $995,000

Posted by: SnarkSlope at February 20, 2009 6:27 PM

i love those brick row houses right by flatbush. Also if that gowanus house gets down to 600k i would like to buy it.

Posted by: Santa at February 21, 2009 9:34 AM

Very much like the reeve place one. But, after going to the broker's NYTime listting and seeing comps I'm definately wondering about price:

July 11, 2008 81 REEVE PLACE
brooklyn, NY 11218 Single Family House $775,000
August 06, 2008 634 VANDERBILT STREET
brooklyn, NY 11218 Single Family House $893,000
January 26, 2007 638 VANDERBILT STREET
brooklyn, NY 11218 Single Family House $272,000
December 21, 2006 625 VANDERBILT STREET
brooklyn, NY 11218 Single Family House $715,000
June 26, 2008 5 REEVE PLACE
brooklyn, NY 11218

Posted by: xander at February 21, 2009 10:15 AM

Since I'm into research today.
Reeve place last sold in 2004 to the current owner for $755,000.00.

Does anyone have advice on how the price on this settles considering comps plus his asking price?

Posted by: xander at February 21, 2009 10:29 AM

Went to Reeve Place today. Lovely, but small, especially 2nd floor. Considering extensive renovation, though, it'd seem that if they don't get close to asking price, that they'd make little or no profit.

Oh, backyard a little scruffy and unfortunately backs right up on an apt. building, but still nice. Not sure why a photo of it wasn't included.

Posted by: Nomi at February 22, 2009 4:55 PM

I am the owner of the Reeve Place house. I would like to thank everyone for the kind words. I just wanted clarify a few things.

The home has a half bath on the first floor and a full bath on the second floor. When we purchased the home it had two full baths and we struggled with the decision of whether or not to keep the full bath downstairs or build a much needed closet on this floor (many of these old homes have very few closets until they are renovated). After much consideration we decided to go with the closet with the idea that we would almost never use a shower on the first floor. After living in the home for more than three years now we know we made the right decision.

Yes, we purchased the house for $755,000 in 2004. For those of you who have done a gut renovation you know how much they cost.

If you have not seen our house yet, we look forward to seeing you at a future open house.

Posted by: Home Owner at February 22, 2009 8:44 PM

Oh, that's interesting about the bathroom. I grew up in a similar era house with only the original one bathroom (three kids). So, to me, the extra half bath seems like a lot. I think you made the right choice too.

Posted by: Nomi at February 22, 2009 9:35 PM

Can someone please tell me what percentage of homes were bought with Jumbo mortgages? Since Jumbo mortgages are not covered by the new Obama plan.

Posted by: hannible at February 23, 2009 8:47 AM

Isn't the Farragut house in South Midwood (Victorian Flatbush) rather than East Flatbush?

Posted by: Architerrorist at February 23, 2009 8:54 AM

I also visited Reeve Place yesterday--they did a beautiful job with the renovation.

If I had a million dollars...

Posted by: curiositykilledthecat at February 23, 2009 9:18 AM

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