House of the Day: Price Cut at 202 Clermont
We just heard that Douglas Elliman has cut the price at 202 Clermont by $150,000, so even though the website still says $2 million, brokers are saying it can be yours for $1.85 million. Of course, the person who tipped us off still thinks the place is overpriced: “202 Clermont is that narrow, developers’ reno…
We just heard that Douglas Elliman has cut the price at 202 Clermont by $150,000, so even though the website still says $2 million, brokers are saying it can be yours for $1.85 million. Of course, the person who tipped us off still thinks the place is overpriced: “202 Clermont is that narrow, developers’ reno job that’s been collecting cobwebs. On the day that I saw it, the “brand new” roof was leaking.” Ouch. Do we hear $1.7 million? How about $1.6 million?
WEB# 723400 [Prudential Douglas Elliman] GMAP
Iac:
542 1st Ave($3.44M), 543 1 Ave($3.39MM), 548 1st Ave($3.22MM)
Those are not Park Slope addresses
Iac —
From the street numbers, those all appear to be park-blocks in the Center Slope (Flatbush to 9th Street). I don’t have time right now to check each listing, but I’m guessing that with prices like that, they’re probably mansion-type houses (extra-wide, etc) on those premium blocks as well. The double lot house bought by Jonathan Safan Foer was certainly in that price range, if not more.
But I don’t think those prices are typical for the rest of the Center Slope (4th Avenue to 8th Avenue, Flatbush to 9th Street). Scroll through some of the recently sold properties mentioned on Brownstoner — a couple of weeks ago, there was a 4-story brownstone on 9th Street between 7th and 8th that sold for around $1.7m, if I remember correctly.
Park Slope prices…
542 1st Ave($3.44M), 543 1 Ave($3.39MM), 548 1st Ave($3.22MM); all Brown Harris listings. 615 3rd st($3.22MM, 595 3rd st($2.95MM).
I think this is a fair enough representation to say that Park Slope prices are closer to $3MM than $2MM as some of you posters seem to think. Sloper, I dont see very many listing in the $1.5MM to $2MM range. Maybe we’re working with a different definition of center slope.
Btw, here a great mapping site for listings. http://www.realestateadvisor.com/ type a zipcode and search away
I wonder if anyone in the business knows what this Joralemon house went for:
http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=785136
It was featured here on Brownstoner a year (?) ago. Brownstoner commented that it seemed to be priced well, the owner commented that he thought there might be a bidding war, and then it sat on the market forever (with several brokers).
Anyone know?
I know the Park Slope market very well myself, having followed it closely for a year and a half. That Warren Lewis listing is for a much narrower house than the Corcoran you put up. It’s a much smaller house and the top floor is not renovated (I saw it). The two are really not comparable. I find it very hard to believe the 3rd Street house you posted went for under asking unless it’s a complete dump inside.
Let’s just say I know that deal. I work in the business (altho, not as an agent and not for corcoran)
But my point was, it’s really not such a steal. That’s what Park Slope prices are these days. Which is why I think that Fort Greene and Clinton Hill prices are somewhat out of whack.
Here’s a nice renovated Center Slope place listing for that same price (1.895):
http://warrenlewis.com/cgi-bin/re/re_show.pl?re_command=show&ID=4906
I realize that many people prefer FG and CH, but until schools and services are improved I can’t see that it’s worth nearly what PS is worth.
anon 3:48, re: Corcoran house for $1.85, how do you know it went for less than asking? that house was a steal, if so.
who was hatin? many people think prices are too high in these areas. some do not. that’s not hatin.
I really like park slope but bought in ft. greene then in clinton hill. My wife and I, and plenty of people, actually chose FG/Cl.Hill over Park Slope not just because of price, but because we enjoy the neighborhood, architecture and feel of the place. It’s a personal preference. As for the prices discussed above, not all FG houses go for 2million (in fact very few do) and not all Park Slope places go for 3.5 million (not many do) – so it’s a bit of a useless exercise. The market will support whatever people will pay. Often people who bought a long time ago have more of a biase about how nice their area is and how outrageous the prices are in neighborhoods that were not popular 20 years earlier. No need to be “hatin'”. It’s just nice that all of these neighborhoods have improved so much over the years in terms of safety and amenities…