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…
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]
Imagine how the previous owner must feel, turning down 1.5. Egg on his face or what.
Congratulations to the couple. You got an absolute beauty! Enjoy the fixing up. Offer to show it on the Bed Stuy House tour, both before and after renovation, so the rest of us can vicariously share.
All the best!
BM, I was wondering the same thing.
I went to see the place last fall. Some gorgeous woodwork, really cool old bathrooms, and great scale, but crappy extension, strange walls put up, and a all that wood needs refinishing. I wonder if the sellers took all those interesting old pieces gathering dust in the basement.
What a beautiful home!
Looks like you can’t do drive bys anymore without being spotted 🙂
Congrats! Beautiful house on a beautiful block.
If the seller REALLY held a “no reserve” auction, I wonder why he/she did not sell at the $1,200,000 bid? Perhaps the term “auction” was mis-used. Anyway, good luck to the couple who bought the house!
where is that Broker who was just posting about 5 bidding wars over the ask just last week? BWAHAHHAHAHHAHA. Got to love it. Anyway I may be bearish on the real estate market but this house is worth the price paid. Congrats
Yea, limestone is so much more grand than brownstone.
They look so happy! Good for them.