153 Lincoln Place Sells Out
153 Lincoln, the Queen Anne mansion once a brothel and now high-end condos, has sold out. The two- and three-bedroom units mostly sold in the mid $900,000 range up to $1.2 million, according to StreetEasy. Seems like in most cases units didn’t get too far off their asking prices from two years ago, which began…
153 Lincoln, the Queen Anne mansion once a brothel and now high-end condos, has sold out. The two- and three-bedroom units mostly sold in the mid $900,000 range up to $1.2 million, according to StreetEasy. Seems like in most cases units didn’t get too far off their asking prices from two years ago, which began at $900,000 up to $1,450,000.
Condos of the Day: 153 Lincoln [Brownstoner] GMAP
No More Cheap Rooms at 153 Lincoln Place [Brownstoner]
I’m mildly flabbergasted by the prices. Adding up the listed prices on StreetEasy comes to a whopping $18.35 million. I wonder how close they got to that? As I recall, the floor plans of some of these apts were odd and pokey. There were also criticisms of the finishes, especially in the common areas. On the other hand, the original edifice was clearly built to last. I daresay the walls are thick and the apts have that nice solid feel you just don’t get with all but the very fanciest new construction. Also it’s a wonderfully convenient location. Maybe the success of this conversion speaks to the relative shortage of “new” construction in Park Slope? For many buyers, the new condos on 4th Ave don’t count — they’re looking for “prime” Slope.
Maly,
Thanks for keeping 11217’s easter bunny optimism in check.
You act like Corcoran made these numbers up, but the fact is that Brownstones make up 5% of housing inventory so it’s always going to be a small number. That’s the REASON they are expensive is because there are so FEW!
If you take the 43 brownstones which sold in Q2 of 2009 and then the 84 brownstones which sold in Q2 in 2010, you will see that the prices are up 31%. The information is there for you to work out yourself.
I’m just telling you the facts here…I’m not making commentary on the sustainability of it or anything of the sort. Go work out the numbers for yourself if you don’t believe it. The brownstone market is TINY so prices fluctuate.
well done etson!
“BHO, via the Corcoran Q2 report, multi family brownstones in Park Slope are up 31% from last year’s Q2.”
Wowee zowee! If this is true, prices are doubling every 2.3 years!
Do you think this is sustainable?
“BHO, via the Corcoran Q2 report, multi family brownstones in Park Slope are up 31% from last year’s Q2.”
While you’re on the topic of factual data, how many brownstones traded for +31% YOY? [idiot!]
***Bid half off peak comps***
Inside – they did not have any detail to work with. I think they did a decent job on the interiors and a cheap job of the common areas.
“i hate the total pussification of nyc.”
Arguably more ‘pussified’ when it was a brothel!
11217, Corcoran (or any other real estate brokerage) quarterly reports should not be taken as facts. They are marketing tools. Check your own experience, do you really think prices for multi-family buildings are up 31% this year, honestly? Come on now.
Same slant on the original reception, it’s completely untrue that 95% of Brownstoners said they would never sell. Most said that was nice, maybe the prices were a bit strong in consideration of the weak market. Lechacal said they should sell at about 10% discount overall. Apart from the usual “Williamsburg rules” suspects, the response was pretty positive. In the end, that’s pretty much how it worked out, some sold close to full ask, others at 20% off. So it goes.
The hyperbole is kind of annoying from both sides, please stay fact-based, I have the GOP if I need a dose of surreal bullshit.
Good for them. Was not inside but looks they did an nice job rehabbing the exterior.