House of the Day: 149 Baltic Street
Is the pricing spread between Brooklyn Heights and Cobble Hill narrowing or is everything just getting that much more expensive? This new listing at 149 Baltic Street in Cobble Hill has a whopping asking price of $4,500,000. Granted, it’s a lovely house and, at 25 feet wide, generously proportioned. Still, that’s some serious dough. Thoughts?…
Is the pricing spread between Brooklyn Heights and Cobble Hill narrowing or is everything just getting that much more expensive? This new listing at 149 Baltic Street in Cobble Hill has a whopping asking price of $4,500,000. Granted, it’s a lovely house and, at 25 feet wide, generously proportioned. Still, that’s some serious dough. Thoughts?
149 Baltic Street [Corcoran] GMAP P*Shark
Gorgeous house, on the block between Hicks and Henry so the drone from the BQE is constant. I’m sure someone will fall head over heels with it but location? Not great.
Nucky: CH is lovely. However your idea about BH being for rich ex-manhattan suckers is not true (at least for the houses). Just look at the deeds (which I have). Most BH townhouse buyers are trading up from co-ops in the neighborhood or even other houses. Simply a fact.
Also I agree that CH will approach BH in price on the basis of services, but I seriously doubt it will ever surpass BH because it has what CH can never have-closest proximity to manhattan and the best harbor views. You forgot that real estate is all about location. Services can change, manhattan proximity can’t.
Nucky: CH is lovely. However your idea about BH being for rich ex-manhattan suckers is not true (at least for the houses). Just look at the deeds (which I have). Most BH townhouse buyers are trading up from co-ops in the neighborhood or even other houses. Simply a fact.
Also I agree that CH will approach BH in price on the basis of services, but I seriously doubt it will ever surpass BH because it has what CH can never have-closest proximity to manhattan and the best harbor views. You forgot that real estate is all about location. Services can change, manhattan proximity can’t.
No inventory at all in the heights and cobble hill right now for generously sized, newly renovated houses. There are a few smaller places, a few that need work and a few mega houses. I think this one will get over $4 million. It’s a great layout and the house has the nice Greek revival dimensions – not too deep. on average prices in the heights are still a good bit higher than south of Atlantic, but more and more a nice CH house will be priced comparably to the heights. It’s the fixer-uppers where neighborhood still dictates the price in lockstep. B/c then you’re truly buying on location only, not the house.
What can I say. Move to Bushwick? I think cobble hill was a nice place to live last month and will still be so next month.
Umm taking out the garbage from a single family house isn’t too hard. Even for a millionaire. Though of course some of the more spoiled owners have people do it for them. As for snow, in this age of global warming, shoveling 100sf of sidewalk once a winter isn’t exactly taxing