HOTD: A Little "Rock Lobster" at 202 Clermont
“Down, down, down…” The latest $150,000 price cut at 202 Clermont brings the total reduction over the last six months to a whopping $500,000. The house started at $2.2 million last Summer, was dropped to $2 million in October, was cut again to $1.85 million in December and now is listed $1.699 million. We went…
“Down, down, down…” The latest $150,000 price cut at 202 Clermont brings the total reduction over the last six months to a whopping $500,000. The house started at $2.2 million last Summer, was dropped to $2 million in October, was cut again to $1.85 million in December and now is listed $1.699 million. We went back to try to figure out why this thing wasn’t selling and, lo and behold, realized that this is the same house whose overly glossy makeover we criticized last week. At that point, we hadn’t put 2 and 2 together to realize that this was listed at Brooklyn Properties as well as Douglas Elliman. No need to rehash our aesthetic criticisms here but the reductions certainly do suggest that the market in this area craves authenticity.
WEB# 723400 [Prudential Douglas Elliman] GMAP
I am actually one of the realtors trying to sell the house, the owner did reduce the price to a more market valued price. Sometimes you gotta do what you gotta do. Across the street they are building 80 condo units. I know brownstoner dogs up the house, but all in all the guy tried and I think did a good job. It seems like everybody dislikes this house, but sometimes you elitist snobs have to realize people do not have bottomless pockets so the renovations become about what you can afford.
BMG
Reduction suggests nothing more than that it was over priced and perhaps still is. Do you realise how many original moldings have been replaced with home depot moldings and nobody knows the difference. God I wish people would stop placing such a high premium on recreating the past and start trying to be a little more creative with their homes and lives.
oops- yeah, I was confused… still am not sure which lot/block we are talking about?
There isn’t a church ‘behind’ that lot. The development lot extends from clermont to vanderbilt (maybe the bldg will have two entrances?).
Do you mean the church on the opposite side of the street on Clermont?
the developer has a permit to build 4 story condos on that lot and turn the church behind it into condos also.
nice
HOTD sucks today. Old stuff. Let’s move on. Nothing else out there?
I think the price reduction was inevitable from the beginning– 2.2 is totally out of line with comparable sales. Looks like it’s another story of a delusional realtor/owner facing reality.
And I wouldn’t even say this is any indication of a bubble-popping or whatever. Even at its frothiest, the market wasn’t supporting sales of bldgs like this at prices like that.
I mean, it’s an ok bldg that someone could make into a nice place– and it’s getting to the realm where the price is feasible. After all, it’s still not cheap!
Does anyone know what they are building there?