House of the Day: Five Stories on Lefferts Place
A reader flagged this classic brownstone for us–and with good reason. The five-story house has wonderful details on the inside as well as out. We’re loving the mansard roof and original iron fence that encloses what looks to be a fairly large front yard with set-back stoop. Despite being outside of the Clinton Hill Historic…
A reader flagged this classic brownstone for us–and with good reason. The five-story house has wonderful details on the inside as well as out. We’re loving the mansard roof and original iron fence that encloses what looks to be a fairly large front yard with set-back stoop. Despite being outside of the Clinton Hill Historic District, this block is extremely well maintained, particularly on the northern side of the street. Given that four-story houses in the area tend to go for between $1.35 million and $1.45 million, this feels very solidly priced to us. (Full disclosure: We own a very similar 5-story house only a couple of blocks away.)
Lefferts Place [Corcoran] GMAP
Correct, we’re talking about a house on Lefferts Place in Clinton Hill, not about Prospect Lefferts Gardens.
Lefferts Place is a great street. Right now, the block between St. James and Grand is probably the nicest, but all of it is nice and there a new families fixing it up. It is true that there is an apartment building across the street from the listing, but it is not a project, just apartments. It think the price is in the correct ballpark considering the size and location. It is close to transport too. The next block of Lefferts Place (between Classon and Grand – which most would consider Bed Stuy) has great potential in my opinion. It is a little more run down but it has great, unique looking houses. If I had money to burn, I would be looking there for a long term investment. It has a really nice feel. I personally feel like that street is a good buy long term as it still has room to appreciate, especially if Fulton develops more (likely considering all of the places for sale and new condo plans).
Sorry but this discussion is about Lefferts Place in Clinton Hill. Maple is in Prospect-Lefferts Garden. Wrong local.
My personal experience with Lefferts: We looked at some lovely homes on Maple, etc in 2004 & 2005. They were in various conditions and were various prices (some were as low as $650 at the time.)
We spent a lot of time going to and hanging out in the neighborhood and ultimately I was concerned about the lack of retail. It just seemed like there were so many nail/hair salons and fast food places yet no big supermarkets or smaller places like dry cleaners or bakeries. It also seemed that tons of people there had a car, which we do not. I would often see people step right out of their house and into a car parked in front.
Ultimately, it did not fit our lifestyle. We switched gears to Bay Ridge. BR has amazing retail, 3rd and 5th avenues are just chock-a-block filled with shops, services and life. Found and got a great limestone (after looking at nearly 30 and losing out on 3)for $825 and lived happily ever after.
the interest rates did hiccup recently and they’ve dropped! This house makes sense all around.
please, let’s not go down this painful road again. stop with the race baiting, nabe bashing and comparisons. why is park slope even in this discussion?
Who said anything about all neighborhoods being equal? I certainly did not. Anyone would be a fool to make such a ridiculous assertion. Cleary neighborhoods differ, thus is why a house of this size and condition is listed at $1.65m. In BH it would command over $4M, in PS it would trade north of $3mm, in center FG or CH it sells for close to $2mm. Neighborhoods do differ, as is clearly the case here. The property looks to be fairly discounted for the fact that it is outside the historic district.
Clinton Hill has not as good transportation, Schools, services as Park Slope. These are facts… some people don’t mind, or think it will get better in time.. what ever…
The house seems overpriced to me… if interest rates hiccup at all, … all the properties on the market will tank 10%-20% .. what’s the chance of that? Who knows, but that little pet project of Bush’s in Iraq will not be free forever……
and what if the Chinese and Japanese decided to stop loaning us money (buying treasuries)
In a slow down, all the marginal nabes take a beating…………………..
only time will tell
Oh, come off it. There’s no other difference between Park Slope and Clinton Hill? I don’t know if you live in CH but you do the neighborhood no favors with transparent defensive BS like that.
I like Park Slope = I like living with white people (PS is 70% White)
I don’t like Clinton Hill = I wouldn’t want to live around black people (CH is 70% black). Hmm. What do they call that again?