1094 Park Place Finally Sells
It was a long haul, but the beautiful free-standing house at 1094 Park Place in Crown Heights finally sold earlier this month. After coming to market with Corcoran with a price tag of $1,395,000 in October 2007, the price dropped to $1,199,000 in july 2008; Elliman picked up the listing in September and jacked the…
It was a long haul, but the beautiful free-standing house at 1094 Park Place in Crown Heights finally sold earlier this month. After coming to market with Corcoran with a price tag of $1,395,000 in October 2007, the price dropped to $1,199,000 in july 2008; Elliman picked up the listing in September and jacked the ask back up to $1,345,000. In May, after a torrid negotiation process (detailed last week in this Forum post), the house went into contract in mid-May in an all cash deal for $960,000. The buyers who got edged out at the last minute have put up a gazillion interior photos on Flickr that should not be missed by anyone with a thing for old houses.
House of the Day: 1094 Park Place [Brownstoner] GMAP P*Shark
Montrosse,
very worrisone.
Can’t you petition the landmarks commission to move forward with just this one house as an individual landmark? Call over today, they know and respect you there. Someone could be bottom-fishing so as to demolish prior to designation.
I hope they tear the motherfucker down! Build Wondos and fuck the whole neighborhood up!!! You know something? People on Brownstoner have short memories and are two faced!
One one hand plenty of Assfucks was cheering this type of development and now it’s “this poor little bitty house”, give me a break!
The What (Wondos LMMFAO!!)
Someday this war is gonna end…
Actually, sam, it’s only a couple of blocks away from Lubabvicher world headquarters.
It would be a travesty to pull this down and build a large (most likely fugly ) piece of crap. He’ll have to have all cash for the whole process and that’s probably unlikely given the risk to do so right now
No, Pierre, this is outside of the landmarked district. It is in a future Phase of Landmarking for our area, but that wouldn’t protect it now, which is worrisome.
Yes it does, Snark. Initial asks are typically always ridiculous. BHO has it definitionally correct…its “off of peak comps.”
***Bid 15-20% off more realistic comps***
I’m sorry, but a house like this is not 100 shares of some under performing stock. It’s an historic piece of Brooklyn, built for the daughter of one of Bklyn’s big shots, and a fine example of eclectic turn of the century architecture. There are no other houses like this in CHN. The interior is full of first quality period detailing, and the entire property could be someone’s dream home, a wonderful place to raise a family, or grow old sitting on the porch. I really hate it when a place like this is reduced to a calculation of percentages, and formulas for tossing it around like a bean bag. The amount of time, money, research and heartache the guys who lost it put in shows that a house is more than just the price, or the comps. It’s also an emotional, physical reaction to a potential home. That is so often totally forgotten here.
> I always said, 15-20% would be the bottom for houses in brooklyn
Yes, but this sold for about 40% off the initial ask.
Calling the initial ask “ridiculous” does not vindicate your failed prediction.