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April 29, 2009
House of the Day: 179 Bergen Street
This classic Boerum Hill townhouse at 179 Bergen Street hit the market two weeks ago with an asking price of $2,375,000. That price sounds suspiciously similar to what it might have been listed for a year ago, but it's a beauty of house (color palette notwithstanding) and there's no shortage of people who want something like this in this area so we shall see.
179 Bergen Street [Douglas Elliman] GMAP P*Shark
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Comments
Right across the street from Heath & Michelle, Brooklyn Inn & Smith St all right there. It'll get close to ask if not higher in bidding war. Maybe Tom & Katie will move in next to Dawson Creek.
Posted by: PropJoe at April 29, 2009 1:32 PM
On one hand I hope those kitchen cabinets are painted but on the other I don't like painted kitchen cabinets. The broker should have talked then into about $3,000-5,000 worth of muted tones paint jobs.
Posted by: daveinbedstuy at April 29, 2009 1:34 PM
Very nice. Still overpriced because of the financing issue, but nice anyway.
My question is...what happened on the OT? What was the awful theme?
Posted by: LincolnSlope at April 29, 2009 1:35 PM
This guy who sins in as something like 9986988899 started a lot of hate mongering. Many of us responded in kind so it got out of control. He's apparently been a real live stalker as well.
Posted by: daveinbedstuy at April 29, 2009 1:41 PM
Is this Lilly Pulitzer's New York City house?
Posted by: mopar at April 29, 2009 1:42 PM
HAHAHAHAHAHAHAHAHA
the PLs had their precious open thread taken away!!!!!!!!!!!
Posted by: randolph at April 29, 2009 1:42 PM
Thanks. Finally. Well that stinks. Also, it stinks that it was deleted. I am not a fan of that stuff, but sometimes putting that stuff out there is what makes us not forget that people still suck a lot and we have to keep fighting for something better.
Posted by: LincolnSlope at April 29, 2009 1:43 PM
Its not the type of thing Mr. B wants people to see here on the blog. A lot of people apparently emailed him asking him to take it down. Can't disagree with him.
Posted by: daveinbedstuy at April 29, 2009 1:48 PM
I love the deep pink/red curtains. Love them. I love the red murrano glass chandelier (finally a break from the regulation stainless steel pseudo-industrial "must have" ceiling fixtures). The red cabinets are a mistake. But that is why God invented paint.
Posted by: mcKenzie at April 29, 2009 1:49 PM
And where is the ensuite master bathroom???
For 2.3M it's gotta have the bells and whistles.
Posted by: bayridgegirl at April 29, 2009 1:55 PM
You got that right, BRG.
Posted by: daveinbedstuy at April 29, 2009 1:58 PM
I got a kick out of this house- love the colors and yes! the Red murano glass chandelier.
lincolnslope- in this particular case deleting the thread was the right thing to do. It was really awful and as dave said, there are some offline issues as well.
But perk up! Knowing all of us we'll be happily scrapping again :-)
Posted by: bxgrl at April 29, 2009 2:12 PM
14 comments and nobody has complained about that this is around corner from evil project people? and on a bus line?
you're slipping people.
propshark shows instead of 'deed' a 'street declaration'...
to current owners --- anyone knows what that means?
Posted by: Petebklyn at April 29, 2009 2:30 PM
I love this house deeply and madly. I truly wish I could find $2,000,000 in my other handbag. This is perfect (apart from the price I can't afford.)
Posted by: Maly at April 29, 2009 2:31 PM
Mopar - I said the EXACT same thing to myself
not my style but I could see this going for about 2mil if other comp homes command that price
Posted by: gemini10 at April 29, 2009 2:40 PM
Great block, nice place, should close north of $2.1M.
Posted by: BoerumHill at April 29, 2009 2:44 PM
pete -- ACRIS lists deeds transferred in 2003, 2000 and 1983. I don't know what Property Shark means.
This will be a nice test of the theory floated in the NNY Times re better public schools for houses that are otherwise in very good condition. (I don't think that even in this market the idea of having to paint a wall is a big deal given how well the house shows in pictures.) Although it's in good condition, the house is close to Bond Street (sorry Prop Joe, it's not across the street from Brooklyn Inn or from Michelle Williams' house -- that the next block up) and the blocks east of Hoyt are zoned for PS 38 not the usually preferred 261.
Although the ensuite issue might be a valid criticism, a bigger criticism is that there is no half bath on the bottom floor. Guests either go to the master bath one floor up or the kids bath two floors up.
I am predicting the house goes into contract at $1.8M in July of this year.
Posted by: Boerumresident at April 29, 2009 2:49 PM
Given how few townhouses are selling right now, I'd be very surprised if this place sold by July. I bet it will be on the market at least six months.
Better houses in better locations for less money are in direct competition with this place. . .
Posted by: IronBalls at April 29, 2009 3:07 PM
April 29 (Bloomberg) -- Lewis Ranieri, a mortgage-bond
pioneer and former Salomon Brothers vice chairman, said the
slump in U.S. home prices is almost over and that he’s
“enthusiastic” about housing for the first time in five years.
“I’m actually very enthusiastic about housing, and I
haven’t said that in five years,’’ Ranieri said, speaking on a panel at the Milken Institute Global Conference in Beverly Hills, California. “We’re within shouting distance of a bottom.”
Posted by: daveinbedstuy at April 29, 2009 3:16 PM
IB -- Normally I'd agree with you, but there is something about this lsiting that makes me think that the owner will not get anything above $2M for 3 months and then either take a sub-2 price then if thy really do need to sell.
If they don't need to sell(for example, if thier rental is decent income and they are not financially stressed), the owners can (and maybe should) take it off the market. It's a nice looking house, and it might be better to take it off the market for a year and
Posted by: Boerumresident at April 29, 2009 3:21 PM
DIBS, Those people are talking about the national market. NYC is at least a year behind everyone else on this. Our bubble kept expanding long after most areas had already greatly deflated. A place like Pheonix, which the NY Times reported today has experienced a 50% drop in prices since 2006, is at the bottom. We, however have just begun to drop. No, I don't expect 50% drops here, but I do expect a lot more than we've seen. I wish I didn't--my 401K is dead, my job is shaky at best, and my brownstone is my only real asset. But such is life.
Posted by: shillstoner at April 29, 2009 3:29 PM
This is one of the nicest houses I have seen recently and the location has the advantage of not being in any of the Park Slopes (oops, did I just write that? sorry). Seriously, I think Boerum Hill is cooler than the Slopes, but that's just me. So no, I don't think that there are that many houses in direct competition with this one. I do think the price is too aggressive, if they offer owner financing, I think the house will sell quickly, if not, then they will have to wait for a buyer to offer an all cash deal or close to it, meaning it will go for substantially less.
Posted by: mcKenzie at April 29, 2009 4:06 PM
I thought we weren't supposed to cherrypick, then cut and paste...? Anyhow, I don't know Ranieri from DIBS, but it's not clear whether he means prices, starts, investment; and he might mean nationally but not regionally, the mean but not the outlier markets at the high end. Who knows? Doesn't motivate me to buy, tho.
Posted by: Whuh at April 29, 2009 4:32 PM
I think it'll get 2-2.1 unless there's something egregious not depicted.
DIBS, did you read Liar's Poker? Lewie sure is a colorful character.
Posted by: FatLenny at April 29, 2009 4:33 PM
Ha! The same Lewis Ranieri that basically invented CDOs that brought subprime mortgages into the mainstream?
The same Lewis Ranieri whose bank (Franklin) collapsed at the end of last year?
Seems like he was still drinking his own kool-aid until the bitter end.
Posted by: the chicken at April 29, 2009 5:47 PM
So what happened on Open Thread that it was taken away. And since when are we censored on Brownstoner. This is very 1984 and I do not like it one bit.
Posted by: boroughbred at April 29, 2009 6:33 PM
there isn't real censorship on this site. If you want censorship go to the Brooklynheights.com blog. My comments are always placed on "moderation queue" why? not because I use bad language or am offensive but because I sometimes disagree with the "party line". That blog is really weird. It censors opinions. It really is operating in a very un-American way. There is an old guy who signs in as "Nabeguy" I think I know who he is, and you better not disagree with him because if you do, you are on "moderation queue" never to be heard from again.
Posted by: mcKenzie at April 29, 2009 9:24 PM
the sq. footage of the brownstone is a little lower than those on other blocks in boerum hill (3100 vs. 3800). I bet it still goes for at least 2.
No one has commented on how wall street salaries are expected to ramp back up.
Posted by: boerumboerum at April 30, 2009 2:06 PM
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