Details on the Stuy Heights House Auction?
Did anyone attend the auction yesterday for the limestone house at 404 Stuyvesant Avenue? We’re dying to know what happened. Limestone Mansion [Absolute Auctions & Realty] GMAP P*Shark Paddle Time at 404 Stuyvesant Avenue [Brownstoner]
Did anyone attend the auction yesterday for the limestone house at 404 Stuyvesant Avenue? We’re dying to know what happened.
Limestone Mansion [Absolute Auctions & Realty] GMAP P*Shark
Paddle Time at 404 Stuyvesant Avenue [Brownstoner]
Nope. Just my positive, unbiased opinion. Rare, huh?
1:57 – methinks you have a stake in the building. . .
CHP meant to post on Jefferson HOTD.
You must be thinking of another house. 404 Stuyvesant is stunning! Your comments seem to describe the place next door, which was on the market 5 mos ago. That house had been used as a rooming house and was in bad need of just about everything.
I’m sure 404 needs some work in terms of kitchen and bathroom upgrades but this house is far from a gut rehab. There is an old tub but not a clawfoot. The floors and walls are in great shape. And, this house is like only 2 or 3 homes in Bedford-Stuyvesant and maybe 20 in Brooklyn. You could move in after the closing and enjoy the first of many fantastic holiday gatherings.
That said, what the auction clearly indicated is that $1.2 mil is the top of the market for something even this special. However, the person who knows the neighborhood’s shortcomings and is willing & able to be $300K above that price could be out there. The auction method certainly wasn’t the way to attract that buyer. Whoever gets this gem will never look back. The house is just that special.
I was shocked when you said it needed a gut rehab!
The house had some beautiful details. Gorgeous stained glass windows in a number of rooms. Nice floors and walls – high ceilings with moldings. A pretty bathroom with an original tub and a shower stall with one of those old “ribcage” systems. Very large, handsome house with a beautiful central staircase.
The reasons I think it wouldn’t get the very top dollar that the current owners seem to expect is that it doesn’t have many additional features beyond the beautiful bones. No upscale kitchen or baths. Pergo-like floor in the kitchen and a couple other rooms. Not many closets. Dark and scary basement that was a finished once upon a time, but now falling apart.
I think it would need work to get very top dollar in the neighborhood – I believe $1.32 would have been a record anyway.
if i’m the one who offered 1.4, i come down to 1.21 when the seller comes back to me.
Rejecting 1.2 seems like sheer lunacy. How much more do they expect to get?
But anyway, did anyone one here tour the house? Condition? Details? Anything as spectacular as the exterior?
Thanks.
This whole thing strikes me as GREEDY. The seller has an offer on table for $1.4MM or $1.32MM after commission. NOT GOOD ENOUGH. The seller now gets offered $1.2MM(10% less than previous offer). NOT GOOD ENOUGH.
Did it ever occur to the seller that we are in a declining market and they need to moderate their expectations?