380 Degraw In Contract, Blue Rooms and All
We gave the owners of 380 Degraw Street in Cobble Hill a lot of grief for their choice in paint color, but it looks like it didn’t stand in the way of finding a buyer: According to the BHS website, the $2,645,000 listing is now in contract. Any little birdies out there know the final…
We gave the owners of 380 Degraw Street in Cobble Hill a lot of grief for their choice in paint color, but it looks like it didn’t stand in the way of finding a buyer: According to the BHS website, the $2,645,000 listing is now in contract. Any little birdies out there know the final price? (BTW, the photo above predates the new cornice that the owner added before putting the house on the market.)
380 Degraw Street [Brown Harris Stevens] GMAP P*Shark
House of the Day: 380 Degraw Street [Brownstoner]
Photo by Kate Leonova for Property Shark
“But seriously: Real Estate isn’t about your opinion about the social class of the neighborhood, it’s about the value (now and future) of the property. And that value is determined by DEMAND pure and simple.”
Jesus! This is what is wrong with Brooklyn these days (and to which this blog, much as I like it, unfortunately contributes): Brooklyn is this decade’s NASDAQ. Everyone who moves here has big dollar signs in their eyes. All they care about a neighborhood is whether their real estate investment (on margin, natch) is likely to see double-digit returns over the next five or so years.
I see comments (sometimes from Mr. B himself) like “well, it went for $600/sf back in 2004, so an asking price of $850/sf now seems reasonable.” Not reflecting an actual judgement about a reasonable cost of living, but reflecting an underlying fervent hope that everyone else will agree, and that the market will make it true. The basis of the fervent hope being that the commenter will be able to flip their investment in a few years and take their wad of cash back to wherever they plan to really settle down and reside. And the cycle repeats.
Point being, an investment in residential real estate is an investment in homes. Sure, anony up above is a snobbish, trollish jerk, but his point is valid: you should absolutely care who your neighbors are. You’re not just buying into a structure, or an investment-on-margin; you’re buying into a community. Brooklyn residents used to care about community; now, more and more, all I hear about are those big dollar signs.
Not for nothing those rumors that Heath Ledger bothered to stop by and meet his neighbors. More people around here should follow his example.
anony says he/she would look for another area because Degraw is too ‘blue collar’ then calls somebody who challenges him on his snobbery
as “onoxious a-hole”
everyone on here is rich. you two last couple posters could remake the film dumb and dumber goes to brooklyn.
lord.
these prices are not surprising. they are quite normal for the area these days.
if it’s good enough for heath ledger, it’s good enough for me.
I forgot, socio-economic standing and class should have nothing to do with real estate.
Have you girls graduated from the eighth grade?
Those little people are some smart mo-fos if they’re living on properties that ask (and get) 2.5M.
I’d LOVE to live near them, if only in the hopes that their brue-collar street smarts would rub off on me.
But seriously: Real Estate isn’t about your opinion about the social class of the neighborhood, it’s about the value (now and future) of the property. And that value is determined by DEMAND pure and simple. So i guess a lot of rich people are demanding to live there, for whatever reason.
Any rich people on this site? Please share your reasons for why you are demanding this neighborhood ((to the tune of 2.5-3 m). Thanks=
Ain’t that the truth!
I am strictly speaking from the “little people” perspective.
You on the other hand sound like an onoxious a-hole.
too bad anony – you are the ‘little people’ then if can’t afford the house.
I guess even the ‘blue collar’ can afford more than you.
Geez Louise, if I had that sort of money I would go to an area that had more inventory. Also an area that was not as blue collar. Why would I want to spend over two and a half million bucks and live next to the Whosis who drive a ’79 Cadi and vacation in Florida in August? Maybe some people like feeling superior or living among the “little people”.
I mean if you have two and a half million bucks you gotta be seriously rich. Hello?
This house is between Smith and Hoyt . And the price wasn’t quite $2.9 but $2.645.
And what was mentioned in this thread is that on a more ‘prime’ block of Degraw (#230 Degraw)another house is also in contract for a listing at $3.4M.
So this house on less prime block (although still quite nice), not quite as large and not quite as nice was listed for $750K less.
seems fair enough.
There is almost nothing for sale in this general area without needing major work
(whether you call the block or area Cobble Hill Carroll Gardens, BOcoCa, Gowanus, Boerum Hill, South Brooklyn).