House of the Day: 135 Joralemon Street
The house at 135 Joralemon has been of great interest to Brooklyn Heights residents since it was ravaged by a fire on the eve of 2005. After sitting untouched for more than a year and a half, the house was finally purchased in September 2006 for $2,400,000. The buyer must have been a professional flipper…
The house at 135 Joralemon has been of great interest to Brooklyn Heights residents since it was ravaged by a fire on the eve of 2005. After sitting untouched for more than a year and a half, the house was finally purchased in September 2006 for $2,400,000. The buyer must have been a professional flipper because the house was reno’d and on the market by early this past summer (after being featured on the Brooklyn Heights House and Garden Tour in May). After more than three months of no takers, the price was cut last week from $5,950,000 to $5,750,000. It’s all still pie in the sky for most of the buyer universe; we suspect that it’s not a big enough reduction to make potential buyers sit up and take notice. What do you think this place is worth?
135 Joralemon Street [Brown Harris Stevens] GMAP P*Shark
Recovery Underway for Joralemon Burn Victim [Brownstoner]
Ode to 135 Joraleman [Brownstoner]
11/16/2007 Listed in StreetEasy with Corcoran at $5,275,000
02/07/2008 Price decreased to $4,950,000
$1mm price chop. How much lower will it go folks
Taken off the market on November 10…
Brooklyn Heights.
Close to Manhattan.
Far from interesting.
No matter. The house is still WAY overpriced. It’s too small, poorly located and the quality of the finishing is average.
Well gee, you know, that’s the benefit of being a contractor! Do you begrudge a doctor for not having to pay another doctor to treat his own family member?
It’s not the actual cost of the renovations that determine the increase of a property’s value. That value is determined by the quality of the work and quality of materials no matter who did the work or how much it cost. This anti-capitalism attitude here Brownstoner is stupid.
First, the owner is a contractor. His crew did all the work so I doubt the renovation cost him even 500k. House is sandwiched between two large buildings and on a very noisy section of Joralemon St. It’s a charming little house but it’s little, poorly located and therefore WAY over-priced.
I love that kitchen. The exotic wood on the floor is amazing, and I love the curved shelves on the end of the counter. The warm woods are so refreshing compared to the boring sterility of kitchens over the past few years. By the way the 70’s and 80’s are absolutely what’s chic in truly fashionable interiors now. It’s the cutting edge, the latest. In Manhattan anyway.
I repeat. This house is worth every penny.
I can’t believe that someone paid 2.5 million for the house in its prior condition. The former owner was a bagman who inherited a real estate portfolio. If his father had not left him these properties he would have ended up living in the subways.
I would be surprised if he even has a bank account. Maybe his live-in girlfriend attend to those details.
Anyway I think the purchase price was far less regardless of what was recorded.