HOTD: Broker Switcheroo at 777 Rugby Road

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    When 777 Rugby Road last popped up on this blog, it was asking $950,000 and being listed with Mary Kay Gallagher; now the price is $975,000 and Corcoran has taken over the job. We’re a little surprised that the property hasn’t sold yet, but a commenter on the Open House Picks thread suggested some reasons:

    The other reasons the house could be priced under the 1 million mark is that West Midwood stretches all the way down to Avenue H, has a lot of active red-bricking in that part of the nabe, and is quite a ways from Prospect Park and the ever improving amenities of Cortelyou Road. You need your car for groceries, etc…, whereas Ditmas Parkers and Park Westers, PPS residents and the Beverley crowd can easily get away without one most of the time.

    Nevertheless, seems like an odd strategy to bump up the price on a place that hasn’t moved yet.
    777 Rugby Road [Corcoran] GMAP P*Shark
    Open House Picks May 5 [Brownstoner]

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