69 St. James Sells For A Lot Less Than Originally Asked
69 St. James Place, a charming four-story brownstone in Clinton Hill, finally closed yesterday for $1,400,000. Versus the most recent asking price of $1,500,000, this sounds like a pretty standard discount. But the house actually started out on the market in June 2008 with a price tag of $1,995,000, and then suffered death by a…
69 St. James Place, a charming four-story brownstone in Clinton Hill, finally closed yesterday for $1,400,000. Versus the most recent asking price of $1,500,000, this sounds like a pretty standard discount. But the house actually started out on the market in June 2008 with a price tag of $1,995,000, and then suffered death by a thousand price cuts. Unfortunately, it looks like another example of a property (or owner) who was living in the past and couldn’t face reality. If the seller had just come out with an asking price of, say, $1,700,000 at the start of things, chances are the outcome would have been much better.
House of the Day: 69 St. James Place [Brownstoner] GMAP P*Shark
“They were only able to get ONE MILLION FOUR HUNDRED THOUSAND DOLLARS for their house. I hope they can recover emotionally from this.”
From everything I read here Tybur we are all saying that this is a pretty solid price for this house. Nobody seems to be suggesting that the seller lost out.
Oh… i feel so bad for the seller. They were only able to get ONE MILLION FOUR HUNDRED THOUSAND DOLLARS for their house. I hope they can recover emotionally from this.
M4L–exactly. And even for the block between Gates and FUlton iffy is a stretch.
bbb–don’t know what your agenda is here but this in not an iffy location. One of the most beautiful blocks in a very family friendly neighborhood.
past gates ave toward fulton street – maybe iffy could be used but not the blocks on the other direction from gates toward lafayette ave
it is still iffy minard
I have to walk over to St James. Haven’t been by there in years. It used to be semi-iffy. Sounds like things have improved a lot there now.
I wonder if the house at 22 Clifton Place sold. If I remember, it went into contract right around the same time as 69 St James, and is literally around the corner. It was “done” (a bit too shiny new, but with the preferred garden rental set-up.)
“wasnt Saint James Notorious Big’s block? How come he did not rap about the beutiful brownstones?”
Different block of St James bbb. He lived on the block between Gates and Fulton and this house is a couple of long blocks away. Very different architecture. While Biggie’s block is not bad looking its more apt buildings and fewer restored brownstones like this block.
“-I would consider that a minus, not a plus. When you buy a family home you want things to be close but not right next to you.”
This is exactly why both of these homes have found/will find buyers at a similar price point. People value different things in houses and locations.