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March 31, 2009

House of the Day: 93 2nd Street

93-2nd-Street-0309.jpg
We're surprised the listing for 93 2nd Street didn't include something along the lines of "Own your own house for the price of a condo!" The 1,620-square-foot mini-house is a charmer for sure and for a couple or small family this really could be a nice alternative to a condo. The house, which traded for $975,000 three years ago, is now asking $1,125,000. We could see it getting pretty close to that. What do you think?
93 2nd Street [Douglas Elliman] GMAP P*Shark

Ed: We're taking a new price voting feature for a test run on this post. The idea is to get the group to predict what the house will sell for. In a few months, we'll be able to start to look back and see how close we came as a group! It will also provide some pretty immediate feedback to sellers on whether they're in the right ballpark.






Posted by Brownstoner at 1:16 PM | Comments (100)
Categories: Carroll Gardens, HOTD

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Comments

I want this house.

Posted by: 11217 at March 31, 2009 1:25 PM

$1,125,000 for a little brick house that has only about 950sf above ground?

In the words of the Bard, "Bite me."

Posted by: SnarkSlope at March 31, 2009 1:30 PM

A very very modest house on a not so great block of carroll gardens for over a million dollars? I do not think it is likely. You can get a pretty nice condo for 1.1 million these days. This house is a little worker's shack really.


Posted by: sam at March 31, 2009 1:32 PM

What do you think of the price widget?

Posted by: brownstoner at March 31, 2009 1:34 PM

Mr. B....

My appraisal of 1.1 million says that my appraisal was $1

Does this mean we need to put in all the zero's?

Posted by: 11217 at March 31, 2009 1:35 PM

I like the price widget. It will be interesting to see how it handles more data points as people chime in. I think that more interactive stuff like this could make the site more "sticky" to a larger audience.

Posted by: SnarkSlope at March 31, 2009 1:38 PM

yes you need to put in the full price. the system automatically rejects prices that are outside of a "reasonable" range to foil people putting in $1 or $100,000,000....

Posted by: brownstoner at March 31, 2009 1:38 PM

cute little house
but it's realllly little
I think it will go around $900K - the block is eh

Posted by: gemini10 at March 31, 2009 1:38 PM

you have to put in zeros (how else would it work? 999 would be very different than 1.1)

i love this feature, but think it should be mean and I think you have to limit the universe. one $1 bid screws it up. or have you done that?

Posted by: Ringo at March 31, 2009 1:38 PM

ah, you've answered by question

Posted by: Ringo at March 31, 2009 1:39 PM

Yeah, now I know. Thanks!


Posted by: 11217 at March 31, 2009 1:40 PM

Widget is a great idea, but I would hide the prior bids until after you have inputted your own appraisal (so as not to be colored by prior responses).

Posted by: bklyndoug at March 31, 2009 1:41 PM

"What do you think of the price widget?"

It sucks like you...

The What (The What throws Brownstoner a bag of skittles at high speed)

Someday this war is gonna end...

Posted by: Return of The What at March 31, 2009 1:44 PM

Nice widget! I like it. So many of the comments are related to price, it's good to have a place to gather all these "guesspraisals", and it will be even better to look back in 6 months.
FWIW, I would bet $799,000 is the best they'll do for such a small place. At that price, people can look at it as the condo alternative it's meant to be.

Posted by: Maly at March 31, 2009 1:44 PM

I like the widget - it's fun and we can get a group analysis on a price - am just hoping though you can edit if someone does something silly like put in $1 or 10 billion....

Posted by: gemini10 at March 31, 2009 1:45 PM

It would be interesting if appraisals could be linked to a login name, and then one could see how accurate a given poster's appraisals were over time. Marketwatch has a similar feature based on predicting stock moves.

Posted by: SnarkSlope at March 31, 2009 1:46 PM

I'm not sure where you are finding a 1500 sf condo in these areas for 799K. Especially when you factor in that most of said condos would be an additional $750-1300 a month maintenance that this house does not have. Nor a backyard, which for me would be the #1 reason for buying a small house over a condo.

Posted by: 11217 at March 31, 2009 1:47 PM

The What makes me laugh. Always has.

Posted by: Ringo at March 31, 2009 1:48 PM

Digging the widget.

House is adorable (adorable connotes small) with nice finishes.

Posted by: TownhouseLady at March 31, 2009 1:51 PM

Isn't the Satori right around the corner? They have 2 br/2ba with outdoor space for about $800,000. The maintenance isn't that much on a condo without a doorman and a gym, probably $400-500, and it covers some utilities and long-term maintenance. I think it's comparable enough.

Posted by: Maly at March 31, 2009 1:54 PM

The 2 bedroom/2 bath you speak of at The Satori has 174 sf of outdoor space. That's not comparable to me in terms of a full backyard, but I see your point. I'd argue that the Satori looks like crap and this is an adorable old house, but I'm sure not everyone would agree with that.

Posted by: 11217 at March 31, 2009 1:59 PM

800-875 tops.

Posted by: Xander Crews at March 31, 2009 1:59 PM

11217 is right...this is a much better value than the a condo.

Posted by: daveinbedstuy at March 31, 2009 2:00 PM

I know this house well. It is on the small side but soo much better that a condo. It was origianlly build as a workman's cottage ( there's about 8 of them on the block) around the late 1890's, early 1900's. It's too bad that there is not a picture of the landscaped garden, it's lovely. The interior is drenched in sunlight. This is a great block . Friendly neighbors and plenty of kids. The best block parties and New Year's Eve parties. My guess is that will sell slightly below asking, maybe 1.1

Posted by: cggirl at March 31, 2009 2:02 PM

Folks on here seem to have no problem spending $1 million on a 2-bedroom apartment... why all of a sudden is it a problem when it's in the shape of a house?!

Posted by: tybur6 at March 31, 2009 2:03 PM

Lovely little house. Widget seems cute, but I'm not prognosticating on real estate these days.

But I will say the Satori is not comparable. Ugly location with questionable new construction.

Posted by: Brooklyn Chicken at March 31, 2009 2:04 PM

$850k - street is quiet and lovely - these streets btw hoyt and bond (where I live) are just heaven for children because they are empty with no cars and they can play outside without you really having to watch them. However, house is tiny (although there is probably lots of FAR and wouldn't cost too much to add a floor) But 1.125 is crazy.

Posted by: gkw at March 31, 2009 2:05 PM

Also 11217 you are ignoring 2 important points - First 1/3 of this house is BELOW-GRADE that is no small factor
and while this house may have no monthly maintenance it, it certainly has maintenance (and higher taxes)

Posted by: fsrg at March 31, 2009 2:06 PM

cggirl...there are additional pics...see just below the pics on the listing page...there's 2 garden pics i believe...beautiful cherry trees.

Posted by: daveinbedstuy at March 31, 2009 2:06 PM

11217 a house does have maintenance costs. Often more than a condo. DO you think once you buy a house you live for free? Have you ever heard of real estate taxes? Water and sewer bills? Insurance bills? repair bills?

Posted by: sam at March 31, 2009 2:07 PM

If seller must sell than maybe 1.050 but that will will barely leave seller anything after transfer taxes and capital gains taxes since seller paid 975K. I say they will take it off the market or it will just sit.

Posted by: broker at March 31, 2009 2:07 PM

Mr. B I think you need to limit the voting to one per customer. I've seen that on sights where if you try to cote a second time it says, "Oops You've already voted!" without that people might deliberately try to skew the numbers.

Posted by: TownhouseLady at March 31, 2009 2:07 PM

This house is cute, but like the Satori 1/3rd of the space is very strange. At the cute house, you get a basement, at the Satori a dreaded mezzanine. The house is narrower, but the outdoor space is bigger. I agree I would much prefer to live in a mini-house than a condo, but it's such a small house it will be difficult to grow into for a family.

Posted by: Maly at March 31, 2009 2:08 PM

I think this is absolutely hysterical! $1.125 for THIS? Even $975,000 was a joke! Like they say, there's a sucker born every minute. There are obviously a lot of suckers out there.

I think the price widget is pretty neat, though.

Posted by: RinTinTin at March 31, 2009 2:09 PM

I didn't ignore that...I just like this better than a condo. I think it's an absolutely adorable house. And of course it has maintenance costs.

Hey Dave...just out of curiosity, what would a house like this cost down a little east and south of Rittenhouse Square...? Maybe 500? 600?

Posted by: 11217 at March 31, 2009 2:10 PM

it is limited to 1 vote

Posted by: brownstoner at March 31, 2009 2:10 PM

DIBS, thanks. I never noticed that button before. That garden is in large part what makes this place much more livable that a condo. Your living space is expanded for almost half the year.

Posted by: cggirl at March 31, 2009 2:16 PM

People who have lived in a condo or a co-op (especially a co-op!) will pay a premium not to live in one again... A place like this in move-in condition is going for at least 1.1M. Anyone who says otherwise has little idea what's going on in the Carroll Gardens market.

Posted by: feral at March 31, 2009 2:16 PM

How did they get their forsythia and cherry blossoms to bloom in late March?

Posted by: WTbound at March 31, 2009 2:20 PM

Nice widget.

Two things though.

1. You should have to log in to vote
2. One vote per house

$0.2

Posted by: jasetheace at March 31, 2009 2:20 PM

quote:
Folks on here seem to have no problem spending $1 million on a 2-bedroom apartment...

(looks around. i dont see many of them around these parts..)

*rob*

Posted by: PitbullNYC at March 31, 2009 2:21 PM

I'd agree that the convenience of not having to deal with a condo/co-op board is worth a lot. I like the pricing widget too. House is small and doesn't look like much on the outside but the pictures inside and out look nice. They did a good job making it a cozy little home. I guessed under a mill but hard to say. Is the basement live-able space?

Posted by: CG_ups at March 31, 2009 2:23 PM

broker, what taxes on cap gains?

Posted by: Ringo at March 31, 2009 2:23 PM

Ugh, I make no sense. I meant it doesn't look like much from the outside in front, but inside and backyard look sweet. Also, since the train entrance is on 2nd Place (carroll st stop F/G), this is only 2 blocks from the train, which is nice.

Posted by: CG_ups at March 31, 2009 2:25 PM

One of the reasons banks -and the economy- find themselves in the current mess is that real estate prices lost touch with reality and banks went along with it. This is a perfect example of that syndrome. A 2-bedroom playhouse (near the Gowanus canal) priced at over a million dollars! The buyer better have all cash because I doubt they will be able to finance it.

Posted by: sam at March 31, 2009 2:25 PM

kind of a weird hood but i like the interior shots. 700,000

Posted by: brickoven at March 31, 2009 2:26 PM

Like the house a lot, so I assume it'll sell for about $200,000 more than I could possibly afford in the foreseeable future. Like the widget. I agree that it would be nice if it didn't display the price until after you've voted. I think it's a sad commentary on the state of blog commenting that the people who said you should prevent multiple votes and other attempts to game the system...are probably right.

Posted by: toadie at March 31, 2009 2:38 PM

11217...probably. It'd be a Trinity with one of those really narrow staircases. You'd find them on the smaller east-west streets mostly butyes, they'd be in the $500-600k range.....

Posted by: daveinbedstuy at March 31, 2009 2:39 PM

I suppose since this is not in the historic district, one could add a story and thus have a real master bedroom suite, perhaps with a roof deck. I would design it like a mansard in fron with a pair of dormer windows. But then you really would have to keep the acquisition cost down below 800,000. It's just too teeny-tiny now to be a serious house. The basement is entirely below grade, it is legally uninhabitable although New Yorkers will live anywhere.

Posted by: sam at March 31, 2009 2:51 PM

Yes, this house is super small, but remember folks, not every house-hunter out there has a family or is interested in ever having a family. Speaking for myself as a single person with just a cat (and absolutely no intention of going beyond that), this is the perfect sized house. Not too big, not too small, manageable for a single woman, etc. I can't be the only one. I won't speak to pricing because I'm not real estate savvy in terms of costs. I will say this: If I had the money, I'd be over there negotiating.

Posted by: InsertSnappyNameHere at March 31, 2009 2:55 PM

snappy, perhaps if you had the money, you would be looking for better options. This is an adorable house, but it isn't worth nearly the amount they are asking.

Posted by: sam at March 31, 2009 2:58 PM

The What reminds me of Sean Connery on the Will Farrell Jeopardy parody skit: "Suck It Trebeck"

Posted by: Squattersrights at March 31, 2009 2:59 PM

Again Sam, as I said, I don't know about pricing. I'm sure I'd be bargaining as best I could. But hands down this house is perfect in size for me. And, I'm going to have to agree with 11217 that I'd take a small house over a co-op or condo any day regardless of price.

Posted by: InsertSnappyNameHere at March 31, 2009 3:01 PM

i like the user estimate!

Posted by: Pragonetti at March 31, 2009 3:03 PM

i like the user estimate!

Posted by: Pragonetti at March 31, 2009 3:03 PM

I can't enter my estimate because it just says "enter a number" in a popup though I did enter a number.

I agree with Insertnsnappynamehere. There are enthused buyers for small houses. Not absolutely every single person who buys a house in Brooklyn is a married hetero couple with children. Plenty gay singles and couples buy historic houses. Sure it limits the pool of buyers to a smaller group but I don't think that necessarily drives the price below a million for this particular house. I have never been inside one single condo in Brooklyn that I myself would choose over a beautifully renovated small house. I just don't think anybody is building any condos here that are all that amazing.

Posted by: traditionalmod at March 31, 2009 3:07 PM

in order for stoner's widget to work you have to just enter numbers, no comas or anything else.
in other words: 700000 just like that. Then it will work.

Snappy, I totally understand where you are coming from. Have you ever owned a house? Are you aware what you're in for? One of the beauties of a condo or coop, for most single New Yorkers, is a super on call. With a house, you are your own super, handyman and management company. It is a challenge to tackle on one's own. Just fyi.

Posted by: sam at March 31, 2009 3:12 PM

Agree completely, Snappy. I'd NEVER want a house larger than this. I don't want or plan to have children, so a house this size would be more than adequate for me and a possible mate.

I actually think the house would work fine for a couple with one child also.

I believe in making the most of the space you have, and do not subscribe to the bigger is better theory.

Posted by: 11217 at March 31, 2009 3:12 PM

"One of the beauties of a condo or coop, for most single New Yorkers, is a super on call. With a house, you are your own super, handyman and management company. It is a challenge to tackle on one's own. Just fyi."

*
I live in a brownstone co-op (we have no super) and I've come to absolutely revel in the fix it projects around, and have become quite handy in the past 2 years I've lived here. I've been able to fix quite a few things in lieu of having our management company come in and do the work, in fact.

I'd love to own a house like this one day.

Not all single New Yorkers are alike.

Posted by: 11217 at March 31, 2009 3:15 PM

I agree that this is a perfect house for a single person. Unfortunately the asking price requires two incomes.

Posted by: sam at March 31, 2009 3:15 PM

Sam, I've never owned a home, but I am aware of the challenges it brings vs. co-op or condo ownership. Even still, I'd choose a home. Communal living is not my style. Even if the ceiling falls and the foundation cracks, I'd rather have a single family home over a co-op or condo.

Posted by: InsertSnappyNameHere at March 31, 2009 3:15 PM

So Sam....just to be clear moving forward...you believe each human being needs 1600 sf to live comfortably?

Posted by: 11217 at March 31, 2009 3:19 PM

is it just me, or isn't it clear to everyone that the person now posting as "return of the what" is not the same individual as the original poster "the what?" you don't need to be an FBI forensics scientist to see from comparing posts that they are not the same person.

and the widget is fun, although not all that reliable in that it's impossible to determine which posters have the incentive to suggest low prices and which have the incentive to suggest high prices. one house might elicit more of one type of poster, etc. by forcing participants to log in, we can at least see for ourselves which participants tend to suggest high prices, and which suggest low prices.

Posted by: brooklyn guy at March 31, 2009 3:21 PM

11217, you took the words right out of my mouth. Bigger is not always better. As a single person who currently lives in a smallish 1 bedroom apartment would I love to go cartwheeling around 5k sq feet? You bet your sweet bippy! But realistically, what would I do with all that space? I think in terms of 'how many rooms do I *really* need' and 'do I want to pay to heat and cool rooms that would be unnecessary for me?' The answer is a resounding NO.

Posted by: InsertSnappyNameHere at March 31, 2009 3:22 PM

snappy, I have never thought of co-ops or condos as "communal living". You're funny!
In some way when you move into a block like this you will be under more pressure to meet and deal with your neighbors than in a typical coop, where people tend to ignore each other politely.
A block like this in an old Italian neighborhood...forget about it.... the neighbors are going to want to know every detail of your life's story. and what you don't tell them they will make up for you. You think a rowhouse in carroll gardens will afford you privacy? I don't think so. based on my own experience in Park Slope, I mean the first week we moved in people just walked in and out of my house, wanting to know everything, volunteering stories about the ex-owner....wanting to know every detail of where I bought things how long we were married, where we lived before, where we go to church....it was unbelievable.


Posted by: sam at March 31, 2009 3:26 PM

I can appreciate that, Sam. I guess by communal living I meant more in terms of having to deal with a board to get things done, sharing internal common spaces, etc. Plus, Co-ops and condos really feel like dorm living to me. I can't go back there again! I'm lucky in that my current rental, which I've had for 10 years, is the only apartment in a small building above a professional office. I don't pass any tenants as I come and go, no common walls, etc. Though this HOTD is attached and not detached, it would offer much of the same pleasure for me.

Posted by: InsertSnappyNameHere at March 31, 2009 3:34 PM

The widget is a great idea! I happen to be reading James Surowiecki's "The Wisdom of Crowds" at the moment, and he makes a compelling case for how aggregating the opinions of large groups of people is usually a more effective method of solving problems, and predicting the outcomes of certain future events (e.g., who will win the Super Bowl, or the presidential election), than relying on the "wisdom" of individual "experts." It will be VERY interesting, a year from now, to look back and see how close to the mark our group predictions on prices prove to be.

Posted by: Park Sloper at March 31, 2009 3:41 PM

If I were ever single again (God forbid) I would not stay in a house. Too much work. You really need two people (and hired help) to deal with everything. If I were single I would move to a condo with a gym (and parking) and live semi-luxuriously for a change. But everyone is different and Brooklyn can accommodate all sorts of lifestyles.


Posted by: sam at March 31, 2009 3:56 PM

I like the widget too, but it likely would work better if folks had some incentive to get to the right answer. Ideally it would be something like the Iowa electronics market, where people would put real money down, but unlikely that is feasible. Something that gave commenters bragging rights, via a point system or otherwise, likely would get people trying to guess right, rather than simply trying to sway the vote in a particular direction.

Posted by: aishling at March 31, 2009 3:59 PM

Very cute house and it's the perfect size for my wife and I (and I don't care that the office is underground because I actually like that - keeps it cool). Unfortunately, it's about $400k more than we'd want to spend.

Posted by: cwbuecheler at March 31, 2009 4:06 PM

Very cute - 11217 i think it is small for a family of 4, like my self. we like to entertain and have overnight guests, so it really wouldn't work. i don't need 5000sq feet but 3000 is a good amount for a growing family.

the house is very cute and my appraisel is 875k. i love this neighborhood but it is overpriced. anyone know what the school it's zoned for?

Posted by: bkny at March 31, 2009 4:10 PM

I appraised it at 799,000.
The PS is nearby facing the little carroll gardens park. It' an OK school I believe.

Posted by: sam at March 31, 2009 4:13 PM

We're not looking to move, but if we were (and had a co-op to sell for the down payment), I'd want this house. I love this part of 2nd St., it's pretty and quiet and has a good mix of old timers and young families (I know this because whenever I walk by, half the block seems to be out puttering in their yards). With more than 1 kid, the lack of a 3rd bedroom might eventually become an issue, but I know plenty of people living in houses whose kids still share a room.

Posted by: petunia at March 31, 2009 4:14 PM

sam, if it's not PS 29 zoned, then alot of families may not be interested. i have always loved carrol gardens, if i could afford to move there in PS 29 zone i would in a heart beat.

Posted by: bkny at March 31, 2009 4:21 PM

quote:

based on my own experience in Park Slope, I mean the first week we moved in people just walked in and out of my house, wanting to know everything, volunteering stories about the ex-owner....wanting to know every detail of where I bought things how long we were married, where we lived before, where we go to church....it was unbelievable.


im sorry sam. i was bored and locked out of my apartment that day :(

*rob*

Posted by: PitbullNYC at March 31, 2009 4:22 PM

"In a few months, we'll be able to start to look back and see how close we came as a group!"

Take wagers.

***Bid half off peak comps***

Posted by: Brownstones Half Off at March 31, 2009 4:31 PM

ooooh i like the widget thing too!!! didnt really know what you guys were talking about most of the tread. so most of you think this is considered a million dollar home. weird. that's like saying rosie odonell is a 10!

*rob*

Posted by: PitbullNYC at March 31, 2009 4:41 PM

rob, I assessed this this little dollhouse at 799 thou, which is a lot when you consider that yesteray we saw a huge, restored victorian house in a nice town in NJ for about 765? I'm telling ya, Brooklyn prices make no sense.
And I just have to say it tho it does not make me the most popular poster.


Posted by: sam at March 31, 2009 4:46 PM

those floors make me want to weep they're so beautiful.

Posted by: new2hood at March 31, 2009 4:56 PM

Love the price widget! How cool. Testing the "wisdom" of our collective online market. 925 says I.

Posted by: wasder at March 31, 2009 4:56 PM

i dont care if youre popular or not, i appreciate you using tho instead of though. (i cant stand though!)

*rob*

Posted by: PitbullNYC at March 31, 2009 4:59 PM

Not sure how much stock to put in Zillow.com (I've actually found it to be quite accurate, even with the declining market) and this place comes in at $924,500 on Zillow...

Posted by: 11217 at March 31, 2009 5:01 PM

Like price widget.

As a couple with no children, this would be perfect size for us. Not crazy about doing anything in a basement, but could work as a studio (I'm a painter) if I was not in need of a view.

Price? I find it hard to have a sense of high/lowness of prices that are far out of my range, but feels high to me.

It's very sweet. First floor looks airy leading out to the backyard. But just noticing how narrow that long and narrow bedroom is. Hm. Were things reconfigured up there? Was that long one two little rooms at one time?

Posted by: Nomi at March 31, 2009 5:27 PM

Didn't notice how small it actually was. Must revise my estimate downward to 850.

Posted by: wasder at March 31, 2009 5:37 PM

This house looks very attractive from the pictures, and I agree that a two-bedroom house with a basement provides more useful space, and a better quality of life, than a two-bedroom condo.

It makes me feel good that we paid not much more than half of this asking price for a slightly larger house (similar setup, but with smaller kitchen and a proper dining room) in 2006, two blocks from two express subway lines and 15 minutes from Prospect Park. Is Carroll Gardens really that much nicer than (western) Crown Heights? That's debatable, but it certainly is at least two times paler. Sometimes the market's unspoken racism can work to one's advantage I guess. Just an observation that I hope will not turn into a general discussion of the relative crime rates or number of quasi fine dining restaurants and cute boutiques in these neighborhoods.

Posted by: supersleuth at March 31, 2009 6:19 PM

Two times paler, ha. Please don't judge me by the paleness of my skin . . . Superslueuth, did your house need a lot of work?

I live in Carroll Gardens and love it here. But I was recently in western Crown Heights twice (there are two new galleries there) and felt like I could live there.

Posted by: Nomi at March 31, 2009 6:28 PM

nice widget Mr B.

As the question asked, I put in what I think it will go for - which is still 30% above what I think it is worth...

Posted by: the chicken at March 31, 2009 7:19 PM

I'm essentially a free market person. But still, it's funny, crazy funny, to think that a workman's cottage can sell for over a million dollars. What would that turn-of-the-(last)century fellow think??? Ha. According to one of those inflation calculators, 1.25 million today, was about $45,000 in 1900, the cost of a spectacularly grand mansion on a large estate. This house was likely under $1,000.

Posted by: Nomi at March 31, 2009 7:49 PM

since people are asking about school zones....

this house is zoned for PS 32, which is an OK school on Hoyt St. Most of Carroll Gardens is zoned for PS 58, which has a great reputation. PS 29 is very far away from this house and is in Cobble Hill.

Posted by: beatlife at March 31, 2009 7:50 PM

Nomi - I think you put your finger on one reason RE is ridiculously overpriced in NY right now!

Mr. B, price widget is very cool. I put this place at 750K - I think 2006 prices will soon look high to us.

Posted by: Miss Muffett at March 31, 2009 8:39 PM

Wow - who could have possibly appraised this at 1.525 million? Care to speak up? Someone trying to move the average a little higher? Sebb?

Posted by: Miss Muffett at March 31, 2009 8:46 PM

Beatlife, you are right about PS 58 now having a great reputation (in the last few years on par with PS 29, and if you happen to be French, your first choice since it has a French dual language program). However, while PS 32 may be "okay", it still is definitely not a selling point for people who are spending $1 million on a single family house. Same house in the PS 58 zone could possibly fetch close to $1 million, but not in this location.

Posted by: CGfan at March 31, 2009 9:02 PM

>"Nomi - I think you put your finger on one reason RE is ridiculously overpriced in NY right now!"

I did? How?

Posted by: Nomi at March 31, 2009 9:29 PM

Okay. This looks barely bigger than a "trinity" inPhiladelphia. Less than 16 feet wide. 2 bedrooms. Are you all insane? Why possible would you pay this much money for this house? It isn't that cute. it isn't that well located. It is tiny. Over a million dollars? Why. why for the grace of god why? I bought my house in crack corner Clinton Hill for 289k in 2001. 2800 square feet. Two units. And this, Over I million dollars? Puhlease.

Posted by: Putnamdenizen at March 31, 2009 10:09 PM

By all reasonable measures, this place should be no more than $180,000. But for some reason, rich people want to live in Carroll Gardens. And the schools are good. The crime rate is low. It's full of annoying boutiques. Sigh. I have no interest in paying these kinds of prices, and I am so glad there are other alternatives in NYC.

Posted by: mopar at March 31, 2009 10:29 PM

This house is too small and even though its carroll gardens, it not worth anything near $1m. that's 7k a month in interst and principal payments..too much. Prices are too high in brooklyn and it seems as if the wave of price collapse is moving here..

BTW Love the what!!

Posted by: bklyn_rntr at March 31, 2009 11:03 PM

The widget is fantastic, a very good addition to a very good website. Perhaps we should track the performance of those who consistently come closest to the actual sale price so that sellers or buyers can seek them out for coffee and prognostication.

Posted by: Parklife at April 1, 2009 10:34 AM

The asking price is unreasonable for the size of the house; it's ony big enough for a small family. Cute though. I say 975K.

Posted by: bookistan at April 1, 2009 1:47 PM

what fool would pay that price for a very small house and the block is okay. I would pay 1 million or more for blocks like 1st Place to 3rd Place, between Henry and Court and also President and Carroll between Smith and Hoyt. Otherwise, the other blocks are okay. Those blocks are truly beautiful. Check them out. It is my understanding only two blocks in Carroll Gardens are designated Landmark Status. People do your homework first!

Posted by: CECILIA at April 17, 2009 11:09 PM

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