Clinton Hill Mansion Suffers Another Big Price Chop

Price increases in Brooklyn have been something to see, especially in the last few months. But clearly not everything on the market is selling like hotcakes. The bold red-and-white Clinton Hill mansion-slash-apartment house at 278 Clinton Avenue that was priced at $10,000,000, then dropped to $7,500,000, has suffered the indignity of another million-dollar-plus price cut, this time to $5,850,000, Curbed noticed. What could be the issue holding buyers back? Surely it’s not the striking exterior or convenient two-car garage. Curbed speculates the problem is that the building is divided into seven units — and there’s no mention in the listing that it will be delivered vacant. Sounds plausible to us. What do you think will get this property to move?
Clinton Hill Mansion Pricechopped Yet Again, Now Asks $5.85M [Curbed]
Clinton Hill Mansion Drops to $7.5 Million [Brownstoner]
House of the Day: 278 Clinton Avenue[Brownstoner]
Building of the Day: 278 Clinton Avenue [Brownstoner]
278 Clinton Avenue Listing [Corcoran] GMAP P*Shark