HOTD: Lefferts Limestone Lovely but Pricey
If the owner of this pristine limetone house on Midwood Street in Prospect Lefferts achieves the asking price of $1,495,000, it will have to be some kind of record for the nabe. The single-family residence looks like a real beauty, with plenty of period details and modern conveniences (wiring, media room, etc.). We wish BHS…
If the owner of this pristine limetone house on Midwood Street in Prospect Lefferts achieves the asking price of $1,495,000, it will have to be some kind of record for the nabe. The single-family residence looks like a real beauty, with plenty of period details and modern conveniences (wiring, media room, etc.). We wish BHS had a few more photos on the site–especially of the kitchen–but overall it looks rock-solid. We just can’t get over the price though. Have we been asleep at the wheel or is this asking price a good $100,000 to $200,000 higher than anything else in the neighborhood in recent memory?
Midwood Street Townhouse [Brown Harris Stevens] GMAP
sal, in my view, bed-stuy is only a punching bag because it represents in many peoples’ minds the height of real estate folly: risk taking that is derided by those who lack the means, and perhaps vision, to participate. i dislike derogatory comments on ’emerging’ neighborhoods because i strongly feel that people who make such comments simply resent those who have the will to jump in head-first, or don’t appreciate that prices are so high that, in order to make that jump (and this is particularly the case for those of us buying our first place), one is forced to look beyond the usual nabes.
that said, i think it’s fair to make the comparison in relative terms, as the price of a property should reflect neighborhood conveniences such as grocery stores, subway access, etc.
PLG (as opposed to PLM) is slowly turning over. When it completely flips, as is inevitable, many of the disparaging posts I’ve read about my neighborhood, will actually appear humorous. Right now, though, they feel unnecessarily rude and narrow-minded.
I often marvel at the tone of some of the comments that get thrown about this forum when it comes to discussing the borough’s “not yet hot” neighborhoods. It seems to me that most of us have arrived at this place in cyberspace because we share an “unhealthy obsession with historic Brooklyn Brownstones and the neighborhoods and lifestyles they define.”
As a long time PLGer, I thank you, Brownstowner, for recognizing that the borough of Brooklyn is huge and that there are brownstoners of every class and social strata, racial grouping, gender, ethnic, religious, community and sexual orientation, etc., who live in lots of great neighborhoods other than PS, FG, CH, CG, BB, etc. (I also don’t think we are “silly” for doing so, no matter what the price we paid to be here.)
I agree with anonymous of 2:24. Most of the people I’ve met who’ve purchased in Lefferts are in it for the long haul.
I’m one of those that purchased my 2family house for under 500k, It was overpriced at the time and not what I/we wanted, but it was in Lefferts and that’s where we wanted to live. Now 3yrs later we’re looking for a 1family home in the neighborhood because we’d like a more cohesive living space.
We have no intentions of selling our 2family because current rents are enough to carry it and we agree that our current 2brm would make a great retirement home. We’re walking distance to a variety of cultural attractions and plenty of others are just a short bus or subway ride away.
I laugh at the idea that everyone runs to Park Slope for all their shopping. PS is less than 10 blocks from my home and I can’t tell you the last time I was there. While the amenities in Lefferts aren’t the best, I can get most everything I need within a few blocks from my home. I grocery shop at the nearby Associateds. For meats I hit the Western Beef( admittedly a horror to check out sometimes). The Saturday green market at Grand Army Plaza is closer to me than most residents of PS, and is great for for fresh produce. For more upscale items I use Fresh Direct. And if I need to to do a really big grocery shopping I head east to the “Stop-n-Shop”, because they have parking and Sears for household items is across the street. Weekly deliveries from Urban Organics & runs to the Flatbush Co-op make PS as irrelevent to us as Brownsville.
Don’t want to start a fight, but just wondering – does Bed-Stuy have to be everybody’s punching bag? Can’t you just like where you live on your own terms without having to step on someone else to prove your point?
just because people on the UWS are equally as “fiscally irresponsbile” in paying that kind of money for a 3bdrm doesn’t make it reasonable just because you get more (albeit, not enough) for the same price in brooklyn. overpriced is overpriced, period.
20 Midwood Street just sold fo 1.457 Million according to prop shark back in June. Two other houses in PLG recently sold for 1.29 Mil and 1.12 Mil. If you live in the Upper West Side and all you get for 1.5 Million is a three Bedroom and you can get a four story house with parking for 1.5 Million it makes perfect sense.
…as an adendum to the previous anonymous post, long point made short: PLG is likely a place where the future owner of the above will want to stay for more than 5 years…
blkbuttflie makes a decent point. but, i think it’s important to note that PLG is pretty far ahead of, say, bed stuy in terms of quality of life. PLG is lush with produce, and the proximity to prospect park is pretty amazing if you’re a fan of the outdoors. the neighborhood is definitely not gentrified, and it’s not park slope (thank god [read that however you like]), but it’s an EXTREMELY friendly place with tons of gays, interracial couples and neighbors who know and care about each other. you might deal with some noise and take the subway to get your errands done, but few neighborhoods are as friendly.
I wonder if anonymous at 11:57 is referring to the house on Midwood which has a legal parking spot in front. I know that house well. It sold in the spring for $1.3. It too was a beautiful home and the block is very picturesque, but there is a reason these houses don’t go on the market in the summer: the loud music from the big apartment building on the corner, people hanging out all over the street until late at night, etc. Everyone drives to Park Slope to do their shopping. People who live here mostly love it, but in part that’s because they bought their beautiful homes for under $500K and feel they got a great deal at the time. I don’t know if someone paying well over a million would be as willing to overlook the inconveniences.