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

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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…