House of the Day: 75 New York Avenue

This house at 75 New York Avenue in Crown Heights has been on and off the market for more than three years; this latest effort comes courtesy of Douglas Elliman. The house gets big points for its mansionly size, architectural detail and four-car garage; the broker gets a big "boo-hiss" from us for touting its non-Landmark tear-down potential to developers. The American Second Empire house sits on a 50-by-100-foot lot at the corner of New York Avenue and Pacific Street. Great stuff—let's hope that someone who gives a crap steps up and buys it. The asking price is $1,425,000, a pretty penny in this part of town and seems rather unrealistic to us in this environment.
75 New York Avenue [Douglas Elliman] GMAP P*Shark
House of the Day: 73 New York Avenue (Revisited) [Brownstoner]
House of the Day: 73 New York Avenue [Brownstoner]
29 Comments
By Kensingtonian on November 11, 2009 1:21 PM
By InsertSnappyNameHere on November 11, 2009 1:28 PM
I *LOVE* the exterior of this place.
By Expert Textpert on November 11, 2009 1:39 PM
OMG, I want that entry!!! Looks like delicious woodwork.
The price is beyond ridiculous. Mr. B, you were mild when you said "the broker gets a big "boo-hiss"; I'd give them a big fat F*CK YOU!
Drop the price by half (sounding like BHO) and I'll consider buying this and making that 'semi-clad bronze woman holding the light fixtue' all mine.
By Maly on November 11, 2009 1:40 PM
I love it, and also it is outside our search area, I may have to drag the husband to this one. At this price, it's marketed to a developer. It's really a pity, because it's a fine piece of architecture. My preservationist heart hopes the current financial crisis makes it harder to destroy beautiful houses like this one.
By Biff Champion on November 11, 2009 1:50 PM
"3-family, 3-floor home."
This could be even more ridiculously over-priced than it appears, depending on how easily one can get rid of the other families if one wants the whole home to live in and how badly chopped up it is.
By Minard Lafever on November 11, 2009 2:12 PM
Its curb appeal is greatly diminished by the absence of a cornice. To me, that is a sign the building has not been properly taken care of.
By daveinbedstuy on November 11, 2009 2:34 PM
Toll Brothers Jumps as Luxury Home Orders Surge 42%
Nov. 11 (Bloomberg) -- Toll Brothers Inc., the largest U.S. luxury homebuilder, gained as much as 14 percent in New York after orders surged 42 percent in the fiscal fourth quarter, cancellations slowed and revenue beat analysts’ estimates.
By Polemicist on November 11, 2009 2:39 PM
The property is priced as land. It's on New York Avenue, a major street, a few feet from Atlantic Avenue and it's a short walk from the subway. Oh, and the block is filled with garages and the property is across the street from a large income restricted apartment building.
Anyway $133/FAR considering the demolition costs seems high for this area. It is possible it is easy to get financing for low income housing in this area, especially considering what is located across the street.
By Brownstones Half Off on November 11, 2009 2:42 PM
Fundamentally Required Job and Rental (including parking) Income: 1,425,000/3 = $475,000/yr
Fundamentally Required Rent: 1,425,000/12/10 = $11,875/mo = $3,958/mo per floor
Ha ha ha. Cut everything in half and we'll at least be in the ballpark.
***Bid half off peak comps***
By Maly on November 11, 2009 2:52 PM
I got $120/sf (lot is 4850sf x 2.43, no?)
Anyway, I agree it's aspirational. They probably would accept 1.1M for it. I'm just hoping no-one would pay a speculative premium in this environment.
It's a 4-family, not 3 as stated, so the taxes are higher than in fancier neighborhood.
I wonder if the building is vacant.
By Amzi Hill on November 11, 2009 2:56 PM
Lovely house but the price is a bit off the charts.... I always wanted to see what the interior of this home looks like... New York Ave has some really nice houses.
By chrishavens on November 11, 2009 3:00 PM
was out for 2m a couple years ago
cut into about six one bedrooms
G-normous property.....
By MoneyForNothing on November 11, 2009 3:14 PM
I *LOVE* the exterior of this place.
Posted by: InsertSnappyNameHere at November 11, 2009 1:28 PM
---
well that's good because DE's not showing you anything else other than a staircase.
By Montrose Morris on November 11, 2009 3:19 PM
The house is not vacant, the current owners, who have been there for about 20 years are on the ground floor and part of the second. There is a spiral staircase in one of the parlor rooms up to the 2nd floor. The space is further divided into 2 more apartments. I don't think they will take 1.1MM for it, they have been in fantasyland for a long time.
While I think the current(and past)prices are ridiculous, this is a great house, with some fine details. Polemicist makes it sound like the gates of hell are located across the street, that is absurd. Directly across the street from the front door are 2 8 unit flats buildings. They are both quiet, working class, and decently well kept. In fact, one is having its fire escapes painted right now, and recently had all of the windows replaced. On the other side of Pacific, there is a 10 story senior citizen’s residence called Stuy Park, built in the 1970’s, which takes up the whole side of the block. These people are likely to go upside your head with a walker for daring to suggest that their building is something that should be considered a detriment to the community. It is safe and very quiet. Traffic is the noise offender here, if anything.
This isn’t a scenic block, and the bus stop is right outside the front door. There is a newly renovated 3 family next door, followed by a parking garage and an auto repair garage on the corner of Atlantic. This house should have been landmarked, as well as some of the rest of this block, but LPC skipped it, most likely because the center of the block has houses that have been vastly altered and mucked up. That said, with its proximity to the subway, the LIRR, banking, food shopping, etc, at the right price, and a lot of work, this would be a showstopper.
I can see this house from my steps, so I know what I’m talking about. Also, I have a photo of this house from 1942, and there was a porch across the entire front, with a balcony. It’s hard to tell from the picture, but the porch may have been enclosed with French Doors, or there are shutters on the lower windows. Either way, it looked much more complete then.
By Montrose Morris on November 11, 2009 3:23 PM
PS, I hate that they are pushing this as a development site, while extolling its charms as an historic home. Broker doesn't know High Victorian detail from Art Deco, either.
By Expert Textpert on November 11, 2009 3:35 PM
"There is a spiral staircase in one of the parlor rooms up to the 2nd floor"
Spiral Stair???? in the parlor room???
MM, what happened to the Elkin House on Dean? did it sell?
By Montrose Morris on November 11, 2009 3:46 PM
Elkins house is still vacant, ExTex, though not actively on the market. We, at the Crown Heights North Association, have been in contact with LPC about the growing deterioration of the property, and solutions are being looked into.
By Maly on November 11, 2009 3:50 PM
Thank you MM, I was hoping you would chime in.
By Expert Textpert on November 11, 2009 3:53 PM
Thanks MM.
Sad that it's sitting to rot.
It boggles my mind when an owner lets a property deteriorate. I can only assume one thing.
By Pigeon on November 11, 2009 6:19 PM
"Its curb appeal is greatly diminished by the absence of a cornice. To me, that is a sign the building has not been properly taken care of."
Posted by: Minard Lafever at November 11, 2009 2:12 PM
This didn't originally have a cornice, did it? It has a mansard roof. Mansard roof buildings don't have cornices, do they?
By Montrose Morris on November 11, 2009 6:42 PM
It originally had a cornice right below the mansard roof, where the lighter band of stone is.
See link to photo. My mistake, it was 1940, not 1942.
http://www.flickr.com/photos/31129802@N03/sets/72157622785205458/detail/
By foulplay on November 11, 2009 7:21 PM
Elliman Manhattan beats out Elliman Brooklyn once again for the nice townhouse. How does Elliman management in Brooklyn (three offices) justify losing out to Manhattan offices over and over again? One would surmise that in Manhattan, their agents seek out listing opportunities and pursue the business (even across the river). Perhaps the Brooklyn management simply lacks strategy and simply waits for the phone to ring. Act busy but do nothing. Collecting a paycheck without really working just does not jive.
By babs on November 11, 2009 8:51 PM
Maybe none of the Elliman agents in Brooklyn would take the listing, knowing the house's history and the apparently delusional nature of the owners' wishful-thinking pricing. Someone from Manhattan, who'd maybe been to Brooklyn once or twice, might have taken it out of ignorance.
And real estate agents and brokers are paid on a commission basis, so there's no paycheck without work!
By Nomi on November 11, 2009 9:50 PM
Wow, MM, thank you for all that and the photo. Fascinating.
By Brooklynista on November 11, 2009 10:57 PM
Gee, all along I've been thinking what a great looking building that is on the exterior. Hah! Now that you've posted that tax photo, MM, all I can say is that was one killer looking building back in the day! The "before" and "now" hardly compare. That said, I sure hope whoever buys it, values it as an historic home to be restored instead of a tear down to make way for development. Enough great architecture and history has already been lost.
By foulplay on November 12, 2009 9:56 AM
Babs. No doubt you are correct about "no paycheck without work" as such pertains to agents and brokers. Nevertheless, office sales directors do receive paychecks from the company. If such sales directors do not work hard to provide strategy to the agents and often miss listing opportunities in their own backyard, it will result to the detriment of the office income and the income of their own agents. During these tough times, sales managers actually have to work; assuming they actually know how to do so.
By Pigeon on November 12, 2009 12:22 PM
Thanks, MM, for the link to the old photo of this building.
I thought the building in the above photo looked "off," but I couldn't imagine it with a cornice. The link you provided shows it not only with a conrnice, but a front porch.
The front porch, to my eye, looks like it may have originally been open, and enclosed only at a later date. No?
By babs on November 12, 2009 6:31 PM
A (good) sales manager provides inspiration and assistance when necessary, and does get a paycheck, but also has intense pressure to produce results, and doesn't want his/her agents wasting time, energy, and effort on unsaleable listings and unreasonable sellers or buyers. I don't think any of PDE's Brooklyn offices would have wanted this listing, unless the seller was willing to be more flexible on the price. They know better -- Manhattan doesn't. On the other hand, hopefully (for the sellers) a Manhattan buyer won't either.
By foulplay on November 12, 2009 6:57 PM
You make a good point regarding pressure and results. However, in this market, cookie cutter new developments are about the greatest waste of time, energy and effort and expense imaginable; unless perhaps one is a rental agent/broker.
Post a comment
Please be patient while your comment is published. It may take a moment.

Mr. B, the latest listing is with Douglas Elliman, not Corcoran.