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December 18, 2008
62 Jane Street
the price on this is crazy. I went to see it. This place is a total dump. Needs to be gutted. $8.25M. I think $4m is more like it.
Comments
Post the listing...we can run up a long thread of comments.
Posted by: daveinbedstuy at December 18, 2008 12:57 PM
You're right Beetlejuice. This place will probably have to come down to around that price. Gut-jobs aren't selling at those prices in prime Manhattan anymore.
Posted by: bk14 at December 18, 2008 1:16 PM
Dunno. West Village is still the primest of the prime, unless you're Julian Schnabel. $8 mil seems high but say you put $2 million into it. What is the going price for a fresh, high-end renovation townhouse in the village? I'm betting it's still around $10 milllion...
Posted by: Bolder at December 18, 2008 2:57 PM
Thirty years ago that house would have cost you 30k -- seriously.
I'd love to own a townhouse in the West Village, but 3 million is the absolute most a house like this is really worth, in my personal opinion of course, since the market is king.
Posted by: IronBalls at December 18, 2008 8:58 PM
No, Bolder is right. These places, in prime condition, are going for anywhere from 10 to 14 million.
Crazy, crazy, crazy.
Posted by: Nokilissa at December 19, 2008 1:35 PM
There's a house for sale at 252 W. 12th -- not quite as prime as Jane, but not bad -- asking 8.5 mil. Listing says needs reno; 102 Charles St. a converted firehouse w/2 duplexes and ground floor gallery at 10.6 mil; another, grander Italiante on w. 12 b/w 5t hand 6th at 18 mil; 111 Bank, asking 11.6 million for a "typical" brick rowhouse, fully renovated.
No doubt some of these prices are crazy talk; but it is what it is -- and it's why places like prime Boerum Hill are popular; some of that village vibe for a quarter of the price.
Posted by: Bolder at December 21, 2008 2:05 PM
As a plumbing and heating contractor, I'm in the process of renovating a single-family home on Bank St.
The purchase price and the renovation work total thirty-one (31) million dollars so far.
The heating system alone, 24 zones of radiant floor heating, costs over $300,000.
The house also contains a two-car parking elevator and interior courtyard.
Some pics are on my website:
http://www.GatewayPlumbing.com/gallery.cfm
I'm hoping to sign a contract in the next year for another single family residence for almost twice the price.
That neighborhood is where money lives.
Posted by: Master Plvmber at December 21, 2008 5:02 PM
They don't call it Bank St. for nothing.
Posted by: mopar at December 22, 2008 6:45 PM
252 West 12th has been on the market for over a year and the price is down to 8.495. It is also 4000 square feet with a big back yard. 62 Jane is 3200 square feet at best and the back yard is maybe 75 sf. Both need to be gut renovated, but West 12th is a significantly better block. I cannot find anything that has closed in the last three months that would justify the price for Jane. 27 Bank just sold for $7m.
Posted by: beetlejuice at January 5, 2009 4:50 PM
113-115 Bank is an exceptional house not comparable to 62 Jane. 62 Jane is seriously a dump with a door and bricks.
Posted by: beetlejuice at January 6, 2009 12:15 PM
I don't know what any of you guys are talking about. Obviously none of you have anywhere near the money involved to buy a house like this and I don't even know why there is a discussion about this property.
Posted by: robbo986 at February 19, 2010 10:45 PM
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