A Couple of Houses Reduced on Dean Street
Two houses on Dean Street had their asking prices reduced in the last few days. The two-family house with a storefront at 190 Dean Street hit the market in February (when it was a House of the Day) with a price tag of $1,600,000 and was reduced to $1,495,000 this week. Meanwhile, the two-family at…
Two houses on Dean Street had their asking prices reduced in the last few days. The two-family house with a storefront at 190 Dean Street hit the market in February (when it was a House of the Day) with a price tag of $1,600,000 and was reduced to $1,495,000 this week. Meanwhile, the two-family at 425 Dean Street, that was an Open House Pick in October at $1,425,000 before getting pulled off the market, has been re-listed at $1,275,000 and is having an open house on Sunday from 2:30 to 4. Thoughts?
190 Dean Street [Corcoran] GMAP P*Shark
425 Dean Street [Brown Harris Stevens] GMAP P*Shark
Landkmarkin would not influence whether or not a building lot with a garage could be developed. Only what could be built there.
Also, what does the price reduction bode for the (almost shell) house down the block at the corner of Bergen and Bond? Also a 3 story with 3 car garage corner lot, but no commercial. I think it was asking 1.7 a few weeks ago.
Boerum Hill — 190 Dean is landmarked, so I don’t think a play at selling the garage to a developer could work.
Has anyone actually visited and toured inside?
Hey Christopher don’t ya think you are being a little too optimistic with the pricing here. Of course $1m will be an excellent deal but this place is still listed @ half a million more.
The price reductions here are basically minimal at this point and will need another 15 to 20% reduction for it to be significant…well at least to most buyers in this market.
that sucks
no garden but cars
Regarding 190 Dean st., is the garage part develoble? I.e. can you buy the property + Sell the garage to a developer?
no doubt $1M would be juicy but we’ll have to wait for owner to slice another 33% off on price. somehow, I’m guess seller wont slice it that much or wait is a yr
Re 190…
I think 3 family conforming limit is about $700k right now.
(and yes, it is 3 family residential, the ground level is no longer zoned commercial).
If you can put 10% down, have good credit, extra cash in the bank, and a solid job, you might be able to get away with $200k liquid and close to $800k in financing (conforming limit plus extra for personal income and garage income).
At $1 mil it is pretty enticing (either as owner occupied or strictly as investment)
Whoops, my bad. Thought 190 Dean was Dean & Nevins, not Dean and Bond… No sandwiches there.