House of the Day

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For a house with a ton of charm and not in need of a ton of work, 590 Decatur Street seems reasonably priced at $699,000. The only drawback we can see is that it’s pretty far east into Bed Stuy–several blocks beyond Stuyvesant Heights. It’s about equi-distant from the Ralph Avenue C train and the Halsey Street J train. The three-story, two-family house in one in a row of charmer, though. Any readers live right around here? What are the services like?
590 Decatur Street [Brooklyn Properties] GMAP P*Shark

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The seller of 43 Love Lane, a recently built carriage house in Brooklyn Heights, must either not really need to sell or be a little out of touch with reality. When we first highlighted the 2,400-square-foot property back in February, we expressed shock at the price tag of $3,500,000 and readers unanimously agreed that it was way overpriced. So here we are five months later and the price has come down to $2,995,000. Unfortunately, we think it still has a ways to go. Even at $1,000 a foot (which, given the unremarkable interiors, isn’t a God-given right), you’re only looking at $2,400,000. Does that number sound about right to others?
43 Love Lane [Douglas Elliman] GMAP P*Shark
House of the Day: 43 Love Lane [Brownstoner]

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Pity the poor house with the misfortune of being located on a high FAR lot in one of the boomtown areas near downtown Brooklyn. This likeable but not particularly distinguished 4-story brick at the corner of Lafayette and St. Felix (with the Forte in the background) is bound for a date with the wrecking ball, it appears. According to the Minsky listing on Corcoran, a developer could build a 17,275-square-foot building on this lot—and he’s already got the rendering to back it up. That’s why the asking price is $3,400,000, probably almost double what it would be worth on its own.
275 Washington Avenue [Corcoran] GMAP P*Shark

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It’s a good time to be a buyer with a lot of dough in Clinton Hill! In addition to 275 Washington Avenue for $3.5 million, there’s another gem at 265 Clinton Avenue just became available also for $3.5 million. Currently known as Lorenzo Hall, the 35-foot-wide brownstone currently serves as student housing (we think) for St. Joseph’s college. It’s a legal two-family with double-parlors on the first and second floors. Lots of beautiful plasterwork and 14-foot ceilings too. To top it off, this is arguably the grandest block of architecture in all of Brooklyn. So the question is, if you had the money, which of these two houses would you opt for? Update: So here’s what we think happened. It never made sense (a) that St. Joseph’s would be selling 265 Clinton and (b) that if it were if would use Best Apartments as the broker. When we were looking through the New York Times listings yesterday, there was a photo of 265 Clinton without the address. Of course, we went and figured out the address. When we put this post up this morning, they must have realized they would get busted pulling a bait-and-switch and went and put up photos of the Brooklyn Properties listing (which may be open for all we know). Of course, whenever something like this smells fishy, we try to take a screen shot for posterity’s sake—which we’ve pasted in above. Anyway, the whole thing’s a little weird but it appears that the bottom line is that 265 Clinton was never for sale in the first place.
265 Clinton Avenue [Best Apartments] GMAP P*Shark

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After chilling on the market for the past three and a half months, the four-story brick house at 154 Noble Street in Greenpoint just had its asking price trimmed by $100,000 to $1,250,000. The house is part of a nice row of brick houses on one of the prettier residential streets in Greenpoint. As always, though, we’re pretty skeptical of the fact that the listing includes only one interior photo—and it’s a close-up of the (quite nice) parquet floor. What gives? If the interior is decent, do you think the new price is reasonable?
154 Noble Street [Douglas Elliman] GMAP P*Shark

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Here’s an unusual one…The house at 467 Union Street in Carroll Gardens is being sold as a tear-down. Of course, that doesn’t mean the entire thing has to be torn down. This could be a great opportunity for someone who wanted a modern interior but likes the idea of being part of a row of traditional townhouses. You could even add a mansard roof. The asking price of $650,000 (just cut from $750,000) seems quite reasonable given that the current FAR of 2.43 would allow a house of 3,000 square feet to be built as of right. Update: Whoops. Looks like we mistakenly assumed there had been a fire. That appears to not be the case.
467 Union Street [Corcoran] GMAP P*Shark

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When Two Trees opened a real estate brokerage arm a few weeks ago, we assumed it was to primarily sell its own properties in Dumbo. As today’s House of the Day demonstrates, though, they’ve branched out to selling brownstones in other parts of the borough. The three-story house at 293 8th Street between 5th and 6th Avenue in Park Slope is just up the hill from yesterday’s HOTD. The house only has a little over 2,000 square feet of living space so the asking price of $1,599,000, though low on an absolute basis for the neighborhood, isn’t particularly cheap. And although the listing claims that there are plenty of original details, it frustratingly withholds any photos to back it up. Has anyone gotten a look at the interior yet?
293 8th Street [Two Trees] GMAP P*Shark
Photo by Kate Leonova for Property Shark

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You don’t see a lot of these old wood-frames in Gowanus hit the market. Befitting the neighborhood, this 25-footer at 126 8th Street is a bit eccentric but overall we’re liking it. The owners have definitely put their own stamp on the place but have managed to retain lots of old-school charm. Plus, for the drivers out there, there’s a curb cut and front-yard parking. Frankly, there’s so little turnover in the immediate area that we’ve got no idea how the asking price of $1,275,000 stacks up. Thoughts?
126 8th Street [Warren Lewis] GMAP P*Shark

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This charmer at 9 Lefferts Place in Clinton Hill is new to market. (In fact we heard that some neighbors already put bids in at the first open house this weekend.) The four-story, three-family brick house has only had a few owners and has a lot of original detail still intact. It’s one of six 22.5-foot-wide houses in a row built by developer William Alexander in the early 1860s. The Craigslist ad describes a “cook’s kitchen” and a landscaped garden but neglects to include any photos. If everything’s in decent shape, the asking price of $1,470,000 seems quite reasonable given the details and generous size (about 4,000 square feet). Thoughts?
9 Lefferts Place [Craigslist] GMAP P*Shark

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What’s the story with 357 Dean Street? Despite having fallen into disrepair, there’s something quite charming about this ramshackle one-family house between 3rd and 4th Avenues. According to Property Shark, the courts had to step in back in 1996 and the property was sold shortly thereafter for an undisclosed sum. We just noticed the For Sale by Owner sign in the window but there’s no phone number and for all we know it’s been there for years. Can any neighbors shed some light on this one? GMAP P*Shark