A Couple of Sales
PROSPECT PARK SOUTH $1,260,000 169 Stratford Road 103-year-old center-hall colonial; front porch, quartz counters, commercial-grade appliances, family room, den, pocket doors, deck, 50-by-100-foot lot; taxes $4,512; listed at $1,260,000. Broker: Mary Kay Gallagher. Listing here; OHP here. PROSPECT-LEFFERTS GARDENS $710,000 325 Fenimore Street Three-family brick house, 3,240 square feet, with two-bedroom, two-bath unit under two…
PROSPECT PARK SOUTH $1,260,000
169 Stratford Road
103-year-old center-hall colonial; front porch, quartz counters, commercial-grade appliances, family room, den, pocket doors, deck, 50-by-100-foot lot; taxes $4,512; listed at $1,260,000. Broker: Mary Kay Gallagher. Listing here; OHP here.
PROSPECT-LEFFERTS GARDENS $710,000
325 Fenimore Street
Three-family brick house, 3,240 square feet, with two-bedroom, two-bath unit under two three-bedroom, two-bath units with balconies; home features garden and parking. Taxes $3,000. Asking price $749,000, on market one week. Broker: Rodolfo Lucchese, The Corcoran Group.
Residential Sales Around the Region [NY Times] GMAP
Just Sold! [NY Post] GMAP
Not everyone wants to live in a brownstone with “timeless” architectural and interior details and I’m not just talking about myself here. It also makes me wonder whether some residents of brownstone Brooklyn have been outside of the city. In addition to that, when it comes to renovating the interior of a brownstone, I’m surprised how nosy the brownstone crowd is. It makes me think that the communism is alive and well.
Those new houses are fine if you look outside of the city. I don’t think we should expect them to build brownstones these days.
babs, heaven knows I’m not defending these homes (which is clear by my comments in past Horror Show Friday threads). Just saying that we can criticize the developers who are building them all we want, but they’ll keep on being built as long as they’re selling.
Unfortunately, the market for these homes is generally unsophisticated and unqualified purchasers who are told by the unscrupulous sellers (usually the developer, as in this case) that they will be able to offset all their mortgage expenses via the rental income.
The home on the right looks eerily similar to some of the places featured on the blog on Horror Show Friday. Clearly there is a market for these homes.
Brownstones don’t sell for $2.5 million in this area, either. Closest comparables might be the two-family house on my block, in the PLG historic district, that just sold for $708K in October. I think that’s a better answer to your question, Hoboken, and in that case, I would say emphatically YES.
BABS I am sure they say the same thing about the guy or gal who picks up a 3000 sq ft brownstone for 2.5 million… I mean is a brownstone truly worth that much more than a modern semiugly home with the same sq ft..
I can’t believe someone paid $710K for that POS on Fenimore. Where does the Post get its info? There is no sale listed on either PropertyShark or ACRIS since the builder of that eyesore bought the beautiful frame house with circular windowed porch (check out the photo on PS) to tear it down and replace it with these twin horrors.
The Corcoran selling broker, incidentally, now has two units here listed for rent at $2000 each, which is pretty substantially above market rents for the area. Another Corcoran agent has the new building on Lefferts Ave between Nostrand and NY with 2 BR 2 bath apartments at $1975, and they aren’t moving either.
Fenimore dog features “garden and parking.” Obviously not adjacent to one another. Total pave-over, a Barbara Corcoran dream!
What happened to listing dates for going into contract and closing?