262-Clifton-040511.jpgWow. We weren’t expecting this. Back when 262 Clifton Place was on the market and came up as a House of the Day we had this to say: “While we don’t love all the aesthetic choices, it’s clearly a strong effort. We fear that, given the location, the owner is going to have a hard time getting close to the asking price of $1,300,000. Those are a lot of ducats in this part of town.” The comments went on to predict an ultimate selling price of somewhere between $800,000 and $1,000,000. So imagine our surprise to see that the three-story brownstone had sold recently for $1,200,000!
House of the Day: 262 Clifton Place [Brownstoner]
262 Clifton Place Listing [Douglas Elliman]


What's Your Take? Leave a Comment

Leave a Reply

  1. I suppose new precedents are set everyday. The buyer obviously loved the house and felt the 1.2 was worth it. Maybe they took a bath? Who knows? But the bath isn’t so bad when you willingly poured the water. Hope they enjoy it and keep it in good condition. It truly is a lovely property.

  2. That is really as shocking a sales price as I can recall seeing on here. So far above comps one wonders what the buyers were thinking. But far be it for me to criticize, they wanted the house and they bought it. Good on them and thanks for the fantastic comp!

  3. Do you really think the buyer was naive enough to believe it is in Clinton Hill???

    They must have put a lot down because there are no comps for this price in that location anywhere near high enough for a 10-20% mortgage.

    It’s a really nice place.

1 2 3