404 Stuyvesant Avenue: Missed Opportunity, Happy Ending

18 months and almost $400,000. That’s what the former owner of 404 Stuyvesant Avenue lost by not striking when the iron (or the market) was hot. As long-time readers may recall, the owner allegedly turned down at least one offer in the neighborhood of $1,500,000 in favor of a no-reserve auction. According to one commenter who attended the auction back in October 2006, the bids topped out at only $1,200,000. In retrospect, the owner should have taken that price…We got a tip last week that the house had finally been sold for $1,115,000. Since we needed a new photo of the building anyway, we drove by this weekend. As we were snapping a photo, two heads popped out of a second story window and shouted, “Hey, it must be the Brownstoner guy.” Busted. Anyway, it’s a happy ending for the beautiful, historic house. The nice couple who had just bought it came down to say hi and were clearly over the moon about their new purchase. Good luck to them!
Update: As a commenter points out, 408 Stuyvesant is now in contract.
HOTD: 404 and 408 Stuyvesant Avenue [Brownstoner] GMAP
Paddle Time: 404 Stuyvesant to Hit Auction Block [Brownstoner]