House of the Day: First Rate on First Street
We’ve discussed before how difficult we think it is to predict how some of the higher-priced houses in the higher-priced nabes will sell. This lovely “British Regency with Federal Style” mansion on First Street between 8th Avenue and Prospect Park West probably falls in that category. The house was built in 1915 for the builder…
We’ve discussed before how difficult we think it is to predict how some of the higher-priced houses in the higher-priced nabes will sell. This lovely “British Regency with Federal Style” mansion on First Street between 8th Avenue and Prospect Park West probably falls in that category. The house was built in 1915 for the builder of this row of similar houses. What’s not to like? (Well, we could point to a couple things like the kitchen cabinets and a little overkill on the dining room walls, but this is no Columbia Heights overkill.) Point being this place is large, pristine and in the right place. If one had to quibble, the yard is a bit on the small side. Anyway, it’s a looker–the question is will there be takers at $3.295 million. It’s only been on the market for a little over a week, so it’s too soon to tell.
Property #89 [Townsley & Gay] GMAP
The park blocks were always full of rich people even in the 80s. They weren’t midlevel I-bankers, whatever that means, but they had money and sent there kids to St. Anne’s, etc. Below eighth avenue was more of Yente’s friends.
Now everyone in the nabe is pretty much paid and has the bugaboo out on fifth avenue to prove it. At least they’re not republicans, yet.
Yente,
To each his own. There are many viable parts of Bklyn, each with their own value. That was never the question at hand. A poster asked who is it that can afford these homes. Another was incredulous that bankers and lawyers would even consider Park Slope, much less Bklyn. I was responding to that.
You don’t have to get my “need” to live in PS, any more than I need to get your “need” to live in BS. I could go on about the restaurants, the amenities, the park, the schools, etc, but obviously, you don’t care about those things. If you’re happy in BS, then I’m happy for you. I’ve already done the pioneering thing in my adventerous youth, so staid old PS is just fine for me.
Miguel, I lived in Park Slope for 13 years (I owned). Just moved to Bed Stuy. My commute to Broad St would probably be about 15 minutes. My neighbors are engineers, architects, entrepreneurs and even a shaman. All very friendly and helpful! I paid just over $700k for my brownstone a few months ago. I don’t get the need to live in the Slope at this point. I loved it in the 80’s and 90’s, but either it outgrew me or I outgrew it. No offense to any bankers here, but I liked the Slope much better when it was full of hippy dippy, artsy fartsy liberals like myself. And now…you can have it! Really…I mean no offense. Really.
Is $3,250 supposed to be expensive these days? 🙂 Is the presence of wall street types supposed to be the measure of when “real estate is worth it?” How do people do it? Somehow. I know teachers who’ve bought for 600K. How do they do it?
Hey Brownstoner – why so quiet on this thread? I’d have thought you’d have a lot to say about Wall Streeters living in Brooklyn!
And as a Brooklyn Heights resident, I gotta add that I feel my neighborhood is chock full of I-bankers and lawyers.
still, a 2 mil jump is quite an increase.
$1.4M was a bargain in 2002. You were probably paying $600-700K in South Slope then (and the starting price there is more like $1M to $1.2M now).
Someone I know lives in one of these houses next door. These are beautiful homes. Don’t forget that the past 3-5 years, we saw a huge run up in value of these townhouses. He purchased in 2002 for $1.4mil, which is the starting price in South Slope or Gowanus these days.
maybe goldman’s bankers are more progressive?! especially since you were able to make that so “simple for us” maybe lehman or anyone else hasn’t caught up.