Clinton Ave. Curb Cutter Takes 20% Haircut
When it comes to curb cutting—and now price cutting—the owner of 174 Clinton Avenue doesn’t mess around. Taking advantage of the 100-foot commercial overlay from nearby Myrtle Avenue and the fact that the house falls just outside the Clinton Hill Historic District, the owner (who’s also developing the lot behind this house) was able to…
When it comes to curb cutting—and now price cutting—the owner of 174 Clinton Avenue doesn’t mess around. Taking advantage of the 100-foot commercial overlay from nearby Myrtle Avenue and the fact that the house falls just outside the Clinton Hill Historic District, the owner (who’s also developing the lot behind this house) was able to get permits to butcher convert the front of the ground floor of the historic brownstone into a garage and to cut the curb for a driveway entrance. The theory was that the addition of the parking space would enhance the value on resale, we presume. Well, it couldn’t have helped that much: The asking price was axed last week from $2,500,000 to $1,990,000. Karma?
174 Clinton Avenue [Brown Harris Stevens] GMAP P*Shark DOB
Cut and Run at 174 Clinton Avenue [Brownstoner]
Development Watch: 175 Vanderbilt Avenue [Brownstoner]
November 2007
you need the garage in that area so that your car is not stolen. That headline is so Long Island. Better change the ask and the headline soon
I say the garage will help. Didn’t appear to help because the price was ridiculous in the first place. But, parking is an invaluable compromise for the fringe location.
What would really make this work is if the driveway curb is matched with the facade and the driveway surface is cobblestoned. It is a luxury, however, as 10:54 implies.
It wasn’t preferable to cut in the garage (yes, a downright travesty) but the best CAN be made of it (milk already spilled). Yeah, 10:45, I would predict a muck and a half.
Just curious 10:37–why is this the “ghetto”?
How is garage space more valuable than a $1500 per month rental income from a garden apartment? That’s one expensive parking spot.
the new zoning in Clinton Hill/Ft Greene doesn’t simply up-zone Myrtle Ave and Fulton, while restricting height on the residential blocks in between. the thing is that the zoning allows for higher buildings (and more FAR) 100 ft back from the curb on Myrtle and Fulton. that means that, because most of the lots on Myrtle don’t go back the full 100 ft, the lots close to those avenues gain some FAR and they can capitalize on other aspects of the zoning. those lots become kind of confusing and require a little bit of calculating. this guy is taking advantage of that.
this will be on th emarket forever it is so mispriced. 1.5-1.6 range when reality hits
$2 million for a row house in the ghetto doesn’t seem like such bad kharma to me.
disgusting.
Ewww Biff
🙁