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October 7, 2009

House of the Day: 212 8th Avenue

Another classic Park Slope beauty, 212 8th Avenue just hit the market this week. It's everything you would expect, from the parquet to the mahogany to the pier mirrors. It will be very interesting to see how the price tag of $2,995,000 flies in this market. It wouldn't have cut the mustard a few months ago, we suspect, but psychology is definitely a little better right now so we shall see. We bet it'll go for more like $2,750,000 but we shall see.
212 8th Avenue [Douglas Elliman] GMAP P*Shark

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This house has been on the market since August with a different broker (Betancourt). It was already featured on brownstoner.

http://www.brownstoner.com/brownstoner/archives/2009/08/house_of_the_da_750.php

Posted by: bk14 at October 7, 2009 1:21 PM

Nice photos, gorgeous. The floorplan image is too small to read.

Posted by: BHS at October 7, 2009 1:22 PM

To correct myself, it's actually been on the market since June and has undergone price chops. Listing history per Streeteasy:

06/14/2009--Listed in StreetEasy by Betancourt & Associates Realty LLC at $3,495,000.

09/09/2009--Price decreased by 14% to $2,995,000.

10/06/2009--Also Listed in StreetEasy by Prudential Elliman at $2,995,000.

Posted by: bk14 at October 7, 2009 1:25 PM

those entranceway-thingies, what are those? do those have a name? im always fascinated by those.

*rob*

Posted by: Butterfly at October 7, 2009 1:25 PM

doors?

Posted by: dittoburg at October 7, 2009 1:36 PM

Just to compare, this beauty just entered contract on 9/17/09.

http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1545546

Posted by: 11217 at October 7, 2009 1:36 PM

;-)

Posted by: dittoburg at October 7, 2009 1:36 PM

hahaha. i mean the frilly doiley woodwork structure on the inside.

*rob*

Posted by: Butterfly at October 7, 2009 1:39 PM

From the limited pictures. HOT!
Looks like it's worth every multi million dollar penny someone is willing to pay for it.

Posted by: brownjokester at October 7, 2009 1:44 PM

I'd call it a screen. Perhaps someone with actual knowledge can chime in.

Posted by: dittoburg at October 7, 2009 1:44 PM

When it goes across the top it's a spandrel. I think when it is vertical it's a grill or panel. Generally it is called fretwork.

Posted by: daveinbedstuy at October 7, 2009 1:58 PM

$3M and almost no useful pictures and an illegible floorplan???

2 points:

1. Based on how long it has been on the market I suspect the reason for the lack of pics maybe because alot of this place aint so great.

2. Either way, it simply amazes me that a broker can get away with such crap. Say what you want about Corcoran but they have always had a much better website w/ generally good pics and plans. It amazes me that 10yrs into the internet age and the rest of these moronic brokers havent figured out how to do a decent web listing yet...disgraceful

Posted by: fsrg at October 7, 2009 2:07 PM

What a beauty. Indeed, it makes sense that Betancourt had this listing by the fact that Betancourt is a Brooklyn based brokerage located in Park Slope. What does not make sense, again and again, is why Elliman brokers from the Manhattan offices beat out Elliman brokers from the Park Slope office (in the very same neighborhood this property is located). Somebody was sleepoing at the wheel. Doesn't the managing broker of the Brooklyn Elliman office track Park Slope brownstones that are on the market and provide some lead assistance to its agents? At least, one would believe this is what a director of sales is supposed to do in order to support the brokers and income flowing to the office; this is tacit basic business knowledge one should never have to explain any further. What is wrong with this scenario? The local Elliman sales director should be embarrassed by this loss of listing and revenue as well as other past listings in the locale again and again. What is the Brooklyn director of sales in Park Slope really doing to procure leads and business? This is where one must pause and consider. Perhaps chasing weak listings and leaving the good Brooklyn brownstones for Corcoran and Brown, Harris (and Elliman in Manhattan) to feast on.

Posted by: foulplay at October 7, 2009 2:08 PM

what do readers feel is the discount required given that the crib is on an avenue vs, side street? 8th Ave pretty busy...

Posted by: 7182713 at October 7, 2009 2:14 PM

Just to compare, this beauty just entered contract on 9/17/09.

http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1545546

======================================================

Looks like another wall street crook is getting a fat bonus this year. with money coming out of the tax payers' pocket.

Posted by: dandel at October 7, 2009 2:32 PM

I went inside this house a couple of weeks ago and it is a bit disappointing. The pictures certainly don't tell the whole story. There are plenty of nice intact details but some have been removed and replaced with some odd store bought paneling. Pocket doors were removed and in general the house was not in good condition. Especially not for the asking price. The walls were in serious need of paint and spackle but the realtor told me that the owner wanted to let the buyer make those design choices for themeselves. Fixing a decomposing wall is not really a design choice. Also, if you go to see this house, be prepared to remove your shoes, the owners do not want you walking in their house with shoes.

Posted by: cls2000 at October 7, 2009 2:32 PM

One of my favorite lines- the sellers think the new homeowner should be allowed to make that design choice. I love it- when they are actually saying- I don't want to pay to have it fixed, I just want you to pay me top dollar. Does it ever work?

Posted by: bxgrl at October 7, 2009 2:41 PM

dandel, lots of TARP money has been repaid. GS is less than $11 from what I said it'd go to ....$200.00. Everybody here thought I was nuts. GS bonuses will be huge. So will others.

Posted by: daveinbedstuy at October 7, 2009 2:45 PM

Don't get me wrong, this could be a stunning house, however, be prepared to spend hundreds of thousands of dollars on it. And I am not just talking about design choices and updated bathrooms, I'm talking basic maintenance type issues. At this price range I don't expect to do basic maintenance that has been neglected for twenty years and pay top price.

Posted by: cls2000 at October 7, 2009 2:48 PM

DIBS, GS got bailed out when the government took over AIG and assumed all their liabilities; without it, GS would have gone bankrupt because of their counter-party risk to AIG. And no, not lots of TARP money have been repaid. And yes, there will be big bonuses paid at banks that still hold TARP money; tax payers' money.

Posted by: dandel at October 7, 2009 2:49 PM

"Looks like another wall street crook is getting a fat bonus this year. with money coming out of the tax payers' pocket. "

Yes and apparently going into the pockets of some horrible longtime PS Brownstone owner, who probably paid a few hundred thousand dollars for the place and having done nothing but sit on their ass for years is no going to walk away a millionaire.

Posted by: fsrg at October 7, 2009 2:50 PM

"Looks like another wall street crook is getting a fat bonus this year. with money coming out of the tax payers' pocket. "

Good for them, but what about ordinary working families who pay taxes that get used to fund TARP? Why are they getting priced out of desirable neighborhoods by wall street crooks?

Posted by: dandel at October 7, 2009 2:56 PM

Dandel:

You know you lose a little bit of credibility when you use the expression "Wall Street crooks" in every one of your posts.

I know this will be shocking to you...but the vast majority of Wall Streeters are not crooks.

Posted by: 11217 at October 7, 2009 3:03 PM

dandel - this is (mostly) a RE blog, and this post is about a house on 8th Avenue, so Ill just address you like this.

1. Everyone who is 'rich' isnt a crook - even many many rich people who work/worked in Finance.

2. Life is unfair - get used to it.

Posted by: fsrg at October 7, 2009 3:04 PM

We unite FSRG!

Posted by: 11217 at October 7, 2009 3:06 PM

11217 - LOL

Wanna go get a 6-pack at the local Duane Reade and put back a few?

Posted by: fsrg at October 7, 2009 3:08 PM

hmmm, sounds like both 11217 and fsrq are in the finance industry. Figures.

Posted by: dandel at October 7, 2009 3:08 PM

"Everybody here thought I was nuts. "

Not me, dibs:-)

Dandel, I am not a wall street crook and am living where I like. And the seller is not being priced out of anywhere, they are choosing to sell.

Posted by: denton at October 7, 2009 3:09 PM

Yeah, I object to the everyone-who-is-in-finance-is-a-crook attitude too . . .

But, anyway, what cls2000 writes is what's important here. "The owner wanted to let the buyer make those design choices for themeselves." It should be priced that way then. Maybe they feel it is? Maybe this would be a $3.5 million house if all "design choices" were completed? Um, I don't know. Can't even read the floor plan to venture a guess.

Posted by: Nomi at October 7, 2009 3:15 PM

"Good for them, but what about ordinary working families who pay taxes that get used to fund TARP?"

Why don't you take a look at the percentage of total income taxes paid by the top 33% of earners (i.e. including all your "wall street crooks" and presumably excluding all your "ordinary working families") and then get back to us.

Posted by: dittoburg at October 7, 2009 3:16 PM

"hmmm, sounds like both 11217 and fsrq are in the finance industry"

hmmm...sounds like you have the reasoning skills of a toddler.

As many people here know, I work in a field not remotely associated with the world of finance.

Posted by: 11217 at October 7, 2009 3:17 PM

Not my taste.

Posted by: BrooklynGreene at October 7, 2009 3:25 PM

I did it!!! Three word post. Please see above.

Phew!

Posted by: BrooklynGreene at October 7, 2009 3:25 PM

Be prepared. Now that the prices are going down and the sales are lower, more and more dumb realtors are flooding the blogs to pump their overpriced/overrated properties.

Posted by: bklplebe at October 7, 2009 3:26 PM

I'm not a crook either, but I'm most certainly greedy.

Posted by: moreteasir at October 7, 2009 3:28 PM

"Why don't you take a look at the percentage of total income taxes paid by the top 33% of earners (i.e. including all your "wall street crooks" and presumably excluding all your "ordinary working families") and then get back to us."

Presumably this is because the top 5% percent makes more than the lower 90%. When you earn as much as the non tax paying people perhaps you will understand.

Posted by: bklplebe at October 7, 2009 3:30 PM

Bklplebe:

Can you enlighten us as to who the broker on this thread is?

Posted by: 11217 at October 7, 2009 3:32 PM

DIBS,

a spandrel refers to the space between a curved element and a corner, in this case that would be the stick-and-ball fretwork around the entry archway, which has a pretty cool and unusual shape. But I think generally speaking you'd call this a fretwork archway (as opposed to a screen, which is built to define a border while letting light and air pass through.)But I'm sure Montrose Morris knows better than I do. Great piece of detail, regardless. Amazing a couch or a refrigerator being delivered never knocked it out.

Posted by: Frederick Law Homestead at October 7, 2009 3:33 PM

yeah there are NO long blonde wigs on wall street :)

*rob*

Posted by: Butterfly at October 7, 2009 3:38 PM

"I'm not a crook either, but I'm most certainly greedy."

Nice.

Posted by: Nomi at October 7, 2009 3:45 PM

"Good for them, but what about ordinary working families who pay taxes that get used to fund TARP? Why are they getting priced out of desirable neighborhoods by wall street crooks?"

yawn. more drivel having nothing to do with the question posed in the post. if you had money or a big house in a desirable neighborhood would you be a crook? (that's a rhetorical question, fwiw)

Posted by: raphael9 at October 7, 2009 3:45 PM

"Presumably this is because the top 5% percent makes more than the lower 90%. When you earn as much as the non tax paying people perhaps you will understand."

Yes, thats the math, and the point is who actually paid the taxes now being doled out.

Of course, you know me bklpebe, you know that I was born with a silver spoon in my mouth, never had to claim welfare and didn't grow up in a housing project so I "can understand".

Wait, thats not me. I was born to two parents who didn't finish school, I grew up until the age of 10 in a house that didn't have an inside toilet, let alone a bathroom, we then moved to hi-rise government housing (called projects in this country) were we remained for the rest of my years living with my parents, I had a period of unemployment for nearly a year right out of school and lived hand to mouth, I then worked and worked and worked like everyone else and didn't break the 25K barrier until I switched careers in 2001. Nevertheless, I still understand math.

Posted by: dittoburg at October 7, 2009 3:46 PM

Gordon Gekko: You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place.

Posted by: moreteasir at October 7, 2009 3:57 PM

In the interests of over-disclosure, I'll never be able to afford this place unless my wife learns how to pole dance.

Posted by: dittoburg at October 7, 2009 4:03 PM

Moreteasir, are you a seer?

Posted by: Nomi at October 7, 2009 4:10 PM

Are you a greedy Wall Street seer and aphorismer?

Posted by: Nomi at October 7, 2009 4:11 PM

If I could....I'd most certainly be alot better off!

Can you be commissioned btw?

Posted by: moreteasir at October 7, 2009 4:13 PM

damn ditto - your wife must be hot

Posted by: fsrg at October 7, 2009 4:13 PM

First he falls for this...

"just hit the market this week"

Then he falls for this...

"psychology is definitely a little better right now"

***Bill Thompson for Mayor***

Posted by: Brownstones Half Off at October 7, 2009 4:14 PM

Bill Thompson becomes mayor and this place goes to hell.

Posted by: daveinbedstuy at October 7, 2009 4:17 PM

If O had not bailed out every crook on earth, there wouldn't be enough wall street or NON wall street high earners around and it would have been affordable --sans pole dancing

Posted by: bklplebe at October 7, 2009 4:18 PM

FRSG - I was basing the calculation on pole-dancing income being tax-free and my wife working 370 days a year.

Posted by: dittoburg at October 7, 2009 4:18 PM

Gordon Gekko: The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

Posted by: moreteasir at October 7, 2009 4:19 PM

Michael Douglas's finest moment. Apart from when he got Zeta-Jones up the duff.

Posted by: dittoburg at October 7, 2009 4:27 PM

But it is affordable. To lots of people.

Posted by: daveinbedstuy at October 7, 2009 4:33 PM

No it's not affordable that's why it won't be sold. It is overpriced.

Posted by: bklplebe at October 7, 2009 4:38 PM

"If I could....I'd most certainly be alot better off!

Can you be commissioned btw?"

Well, you're at least an aphorismer. (I'm a wordsmith, so it's OK that that's not a word. Yet.)

Commissioned? Like to paint something? I actually don't do commissions. They are just . . . not enjoyable for me. However, you may visit my studio and buy lots and lots of art. (I hope this is what you were talking about . .. . maybe you just meant commissioned to say good things about you. That I would do for a modest fee.)

Posted by: Nomi at October 7, 2009 4:40 PM

I like the kitchen. It fits in really well with the townhouse and looks like it wouldn't need updating in ten years the way those modern kitchens will once they go out of style.

Posted by: cmar7785 at October 7, 2009 4:42 PM

"If O had not bailed out every crook on earth..."

Except it wasnt O it was G.W.

Ditto -

Well she might not have to pay the tax man - but the club is going to take their heavy duty vig....and after that the only way a women can bring home that kinda bread is to give extras in the "Champagne Room" - so stop dreaming, based on the lack of pictures, I'd say it aint worth it.

Posted by: fsrg at October 7, 2009 4:48 PM

"Except it wasnt O it was G.W. "

No worries. Both in their own special ways.

Posted by: bklplebe at October 7, 2009 4:51 PM

Bklplebe:

Still curious to know who the broker is on this thread, per your commentary...?

Posted by: 11217 at October 7, 2009 4:53 PM

I'll let her know to continue with the tupperware parties and we can shoot for that place in Ridgewood.

Posted by: dittoburg at October 7, 2009 4:57 PM

Hey, Ridgewood is nice.

Posted by: mopar at October 7, 2009 5:08 PM

Well -- I mean the two blocks of it close to the L train.

Posted by: mopar at October 7, 2009 5:08 PM

I meant Middle Village

Posted by: dittoburg at October 7, 2009 5:09 PM

bklplebe, being affordable doesn't equate to being realistically priced. House in that price range are affordable to lots of people.

Posted by: daveinbedstuy at October 7, 2009 5:11 PM

Nomi-

yup, I was hoping to have my house painted to frame and hang in my office. I like the feel of your work and the general cut of your jib so I assumed I'd like your interpretation. Thanks though!

Posted by: moreteasir at October 7, 2009 5:22 PM

Dirty - seeing as you and THL are getting on so well you should ask if she's renting a floor of her place.

Posted by: dittoburg at October 7, 2009 5:28 PM

oops, wrong thread

Posted by: dittoburg at October 7, 2009 5:30 PM

"lots", "realistically priced" etc are all vague terms. They start being meaningful when unable to sell

Posted by: bklplebe at October 7, 2009 5:30 PM

I predict that once this nice house is bought by an uber-rich person it will be stripped of all its traditional finishes and fitted out with brand-new minimalist white esthtic interiors. People with this kind of money like to annoy and bemuse mere mortals.

Posted by: Minard Lafever at October 7, 2009 7:23 PM

Look you Meanies,
Prudential up and removed the ad! I finally wanted to take an evening moment have a look at the listing. For Cripe's sake. I'm sure they got scared by all the nastiness above.

Or...maybe it was pulled from the market.

Posted by: BrooklynGreene at October 7, 2009 7:25 PM

"Nomi-

yup, I was hoping to have my house painted to frame and hang in my office. I like the feel of your work and the general cut of your jib so I assumed I'd like your interpretation. Thanks though!"

Thanks, moreteasir. That's really good to hear. There are people who do house portraits. I wish I knew someone I could recommend, but I don't.

Posted by: Nomi at October 7, 2009 8:18 PM

"Nomi-

yup, I was hoping to have my house painted to frame and hang in my office. I like the feel of your work and the general cut of your jib so I assumed I'd like your interpretation. Thanks though!"

Thanks, moreteasir. That's really good to hear. There are people who do house portraits. I wish I knew someone I could recommend, but I don't.

Posted by: Nomi at October 7, 2009 8:26 PM

My posts aren't posting.

Posted by: Nomi at October 7, 2009 8:27 PM

Oh, oops. Sorry . . . that took long.

Posted by: Nomi at October 7, 2009 9:52 PM

Amazing that this listing has vanished into thin air. I hope the listing agent owns this building; otherwise, all faith in Elliman might have vanished. If this is a arm's length transaction, the owner deserves so much more. What does it all mean if Elliman in Park Slope did not have the basic ability to locate and market this property and the Elliman office in Manhattan no longer has the listing?

Posted by: foulplay at October 8, 2009 5:13 PM

« Co-op of the Day: 25 South Oxford Street, #5 StreetLevel: New 4th Avenue Bar On Tap »

October 7, 2009

House of the Day: 212 8th Avenue

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