Condo of the Day: 584 Pacific Street
The owners of this townhouse triplex have had to scale back their expectations as the market has fallen away from them over the last couple of years. The 1,800-square-foot apartment first hit the market in November of 2007 with Sotheby’s asking $1,895,000; it was reduced to $1,595,000 before being pulled off the market last fall….
The owners of this townhouse triplex have had to scale back their expectations as the market has fallen away from them over the last couple of years. The 1,800-square-foot apartment first hit the market in November of 2007 with Sotheby’s asking $1,895,000; it was reduced to $1,595,000 before being pulled off the market last fall. Now Brown Harris Stevens has been picked for the relaunch with a spiffy new price tag of $1,200,000. That’s gotta be pretty close to reality, no?
584 Pacific Street [Corcoran] GMAP P*Shark
It seems like good space, but no original detail or character. I also don’t get “access” to the “keyed” garden – presumably both condos have garden access. Based on what I’ve been looking at, for that amount of space, with those monthly charges, I think it will go for close to the new asking price, even at that location. (BTW, it’s BHS, not Corcoran.)
Tybur6, “lower” is a relative term – as in lower entry than yesterday’s lovely $2M+ example where buyer has to play landlord to 2 tenants
check the floor plan. the triplex is the second floor and the third floor of the original house, plus an extension built on top of the original house and set back from the front (producing that sizable front-facing terrace on the top floor). this also explains the slanted ceilings and skylights on the top floor. my guess is that there is a lower duplex in this condo consisting of the garden level and the parlor level of the original house.
That’s an incredibly grim block — right across from the PC Richards and Modells, and SUPER EXTRA BONUS the Atlantic Yards traffic mitigation plan includes rerouting *all* northbound 4th Ave traffic east on this block of Pacific to Flatbush. Can you imagine?!
I like how the phrase “lower cost of entry” is somehow still applicable to a $1.2 million property.
“That’s gotta be pretty close to reality, no?”
Close to what? The price of a full brownstone in that area? Yeah, I’d say so.
I’m impressed though. They’re not trying to peddle the cellar as one of the levels. But of course not, they originally wanted damn near two big ones!
***Bid half off peak comps***
Money, you & I wouldn’t pay $1.1M ($950k or lower would be attractive for me) but you know someone might. We’re value-buyers
Agree w/ CG_ups, spot on that for those who don;t want to landlord, or are just finding the economics on owning an entire building not working out when rents are factored in, this is a nice alternative.
Has the appeal a house person wants, lower cost of entry. SO on that alone, I think it drifts higher on price. Still think even 1.1M ultimately will prove to be overpriced when we look back
Must be the second, third and forth floor, cause that’s not the parlor level on the “lower level.”
I do think asking price is close even considering it near (not on) an unpleasant intersection.