Condos of the Day: Clinton Street Brownstone FSBOs
A husband-and-wife team bought this five-story, 25-foot-wide brownstone at 378 Clinton Street in Cobble Hill last year and have turned it from a five-family rental into a three-family condo. They’re keeping the garden duplex and selling the two upper units. The middle apartment is an 1,100-square-foot floor-through with 12-foot ceilings; The upper duplex about 2,400…
A husband-and-wife team bought this five-story, 25-foot-wide brownstone at 378 Clinton Street in Cobble Hill last year and have turned it from a five-family rental into a three-family condo. They’re keeping the garden duplex and selling the two upper units. The middle apartment is an 1,100-square-foot floor-through with 12-foot ceilings; The upper duplex about 2,400 square feet and has an unusually open plan for a brownstoner. (Actually, it’s kinda like what we did with our second floor.) While the renovation in general is fairly traditional and understated in feel, it looks like there wasn’t a lot of original detail that could be saved which is too bad. Given the amount of grumbling yesterday about the $1.8 million price tag on the duplex on 7th Street, it’ll be interesting to see whether the asking price on the duplex $1.95 million will fly; the simplex is asking $950,000. There’s arguably less on the market around Clinton Street than in Park Slope but, regardless, this place has to stand up on its own against an entire house that could be bought for the same price in not-too-distant neighborhoods. Move in or move on?
378 Clinton Street [FSBO] GMAP P*Shark
THis is the comment I was referring to as to rapid change (not referring to prices – as those escalated beyond belief all over metro area – not just a few hoods).
“The day before yesterday most of these areas where considered boring and low-class, the change was so sudden, what’s to say it won’t change back just as suddenly? ”
Cobble Hill was not boring low-class 30 years ago when I lived on CLinton St.
I did the math and it comes out to $812 per sq ft. But it’s renovated. Not sure what the going price is in larger condos, which there aren’t many of this neighborhood, but this sounds about right, no?
Cobble Hill has appreciated quickly but in a logical way – it has long absorbed overflow/pricedout population from Brooklyn Heights, and for 10+ years it has been taking on people with money who would have previously lived in Manhattan but like the relative bargain they could get. Most important it is family friendly. So while you still have flippers/speculators/investors driving some of those prices up, many of the wealthy people buying here will stay. Can’t say that about Clinton Hill.
I have to respectfully disagree with 2:31. The changes in Cobble Hill, and especially in Clinton Hill, have been dramatic and fast.
The spike in home prices have been mind-boggling. Is it sustainable? Who knows? But nothing stays the same for very long in Brooklyn.
Things – neighborhood – don’t change or change back suddenly.
Clinton St. Cobble Hill was beautiful and desirable when I was looking for apt after college and now in my mid-50’s. Safe, clean, quiet with good school.
Has slowly over past 30 +years gotten more ‘fancy’ as you will as new owners spent major $$$ on renovations.
Nothing happens overnight.
but does anyone really think that a very nice, newly renovated single family house in Cobble Hill is worth $4 million or more? cause that’s where decent houses start in Brooklyn heights.
what do you think this palce would have been worth if they’d done an awesome renovation and turned it into a 1 fam? at 5 stories it’d be a very big house. but assuming each floor goes for about $1 million, we’re talking $5 million for the house!! so again, does anyone think this palce would be worth $5 million as an amazing single family? i’m not saying it’s not, i’m just wondering?
Saw it and think its a very tasteful renovation – good balance between traditional and contemporary, love the openness of the living area, smart layout overall, master bed with his/her WIC, great exposures, lots of light (skylight in master bath), wood burning fire places, privacy, bathroom fixtures and finishes are the best, very quiet, in the heart of cabble hill, possibility of roof deck, CONDO – not coop, zoned PS29 – best public school in brooklyn.
Is the price really high?
I haven’t seen anything that matches this standards in the area. I believe this is going to attract quite some interest and sell fast.
I really don’t know who these uber-rich people are either. Imagine paying 1.8 million dollars for a walk-up in Brooklyn!
The day before yesterday most of these areas where considered boring and low-class, the change was so sudden, what’s to say it won’t change back just as suddenly?
Hey owner at 1:44. The financials for 160 probably were bad when you were growing up in the area. In the last 10 years, the building has been doing great, becoming one of the most desirable coops in the Heights. No longer any financial problems.