Park Slope's Formerly Pink House Flipped!

Park Slope’s famously formerly pink house is back on the market! It sold in October for $2,075,000, and now the owners are asking $4,795,000. We’re surprised to see developers buying houses at such high prices to flip. Not only did they paint the exterior brown with Landmark’s approval, they also redid the mechanicals, including adding central air, and renovated the kitchens and baths. The wood work has been cleaned and restored — and actually seems to have changed from a mahogany finish to oak, which is slightly puzzling, since it doesn’t seem to be painted. There don’t appear to be photos of the ground floor rental, but going by the floor plan, it looks like they may have ripped out the first-floor dining-room built-in to make way for the kitchen. As for the upstairs bathrooms and pass throughs, we’re not sure if they were there to start but they’re not now. On the plus side, we have to admit, that bathroom with marble tile up to the ceiling looks pretty good to us. Not to mention the staging is beautiful. What do you think of the re-do and the new price? Are such high-end flips good for Brooklyn?

233 Garfield Place [Halstead Property]
Pink Flip! Townhouse on Sale for Nearly Twice the Purchase Price [TRD]
Park Slope Pink House Is Now Officially Brown [Brownstoner]
House of the Day: 233 Garfield Place (2012) [Brownstoner]
House of the Day: 233 Garfield Place (2009) [Brownstoner]
Rental of the Day: 233 Garfield Place [Brownstoner]