Co-op of the Day: 110 Hicks Street
This is our fourth post on 110 Hicks Street since two of the units came on the market more than a year ago. In that time, both the lower duplex and the 2nd-floor one bedroom have had their asking prices reduced numerous times. Both units got trimmed again this week, bringing the duplex down to…
This is our fourth post on 110 Hicks Street since two of the units came on the market more than a year ago. In that time, both the lower duplex and the 2nd-floor one bedroom have had their asking prices reduced numerous times. Both units got trimmed again this week, bringing the duplex down to $1,550,000 from a starting price of $2,400,000 in October 2007 and the one-bedroom to $650,000 from an original $795,000. Where does it stop?
110 Hicks Street, 1 BR [Douglas Elliman] GMAP
110 Hicks Street, Duplex [Douglas Elliman] P*Shark
Co-op of the Day: 110 Hicks Street [Brownstoner]
Co-op of the Day: 110 Hicks Street, Reduced Again [Brownstoner]
Co-op of the Day: 110 Hicks Street, Reduced [Brownstoner]
Co-op of the Day: ‘Spensive on Hicks [Brownstoner]
I agree with cwb, it would make way more sense to sell the whole building. Carving out rooms in rowhouses works better at the bottom of the market than at the top. This is a nice Brooklyn Heights location that would be very attractive as a single-family house with a separate rental or guest unit.
Wouldn’t it make way more sense to sell this as a whole building — owner’s duplex w/ a rental?
It’s stil 1.5M for a 2 bedroom. With windows overlooking the brick wall of the St George Towers. You have to assume that prices will drop at least half of what they’ve gained in the bubble years–making this still far overpriced.
Overpriced to begin with but getting closer now.
Funny how you can buy an entire house on Jefferson Ave in Bedford Stuyvesant that looks the same as this place for less than the top floor unit. I guess it is all about location… The duplex looks nice but the price seems a bit crazytown…
Even 2 years ago the 1 br would have been overpriced at 650k. Looks like its just around 700sf?
This is a nice place that is gonna bankrupt the seller because someone couldn’t figure out how to price it competitively.
At this point they should take any offer over $1.2 mil for the duplex (there’s your half off!) and over 550k for the 1 br. If that doesn’t move them, then I’m at a loss…
meanwhile, if they want to sell that duplex for 1mm, I’ll buy it today.
Almost 1m price cut!!
The end is near.
Brooklyn Heights is Dead.
Park Slope is soooo hot!!
I think this must be 3 units at least. And the duplex owners would have most of the shares. That duplex is sweet — the worst feature is the block. This block has a very blah feeling – there’s no there there.
I don’t know the state of the brooklyn heights market these days, but I do know this would have gone into a bidding war had they started with these prices way back when. Terrible pricing by broker? Or owner? Or both?