House of the Day: 41 Joralemon Street
This charming Greek Revival townhouse at 41 Joralemon appears to be an interesting chance to get into the Heights for under $3 million. While we were bummed to see the dining room stripped of its mantel, the legal two-family certainly isn’t lacking for old-world charm. For under $900 a square foot, this presents decent value…
This charming Greek Revival townhouse at 41 Joralemon appears to be an interesting chance to get into the Heights for under $3 million. While we were bummed to see the dining room stripped of its mantel, the legal two-family certainly isn’t lacking for old-world charm. For under $900 a square foot, this presents decent value we’d think. Anything we’re missing?
41 Joralemon [Corcoran] GMAP P*Shark
I live in Park Slope and it would take me 20 minutes to walk to the B or Q. The transportation here is just not as good, that’s for sure.
i think the BQE is nice, easy to get to Jersey
I love that this arguement is even happening.
The fact that Brooklyn Heights generally has higher values than Park Slope makes me very bullish on Park Slope property values. The cache of Park Slope has increased exponentially over the last 20-30 years. IMO If current trends continue, Park Slope will have as much or more cache than Brooklyn Heights within the next few years even in the schmancy law firm crowd. Park Slope also has a better housing stock and better amenities.
In the long term, Fort Greene and Clinton Hill may also rival Brooklyn Heights in terms of cache.
1:13: interesting numbers, but a look at what’s on the market shows that BH is far more expensive than PS.
1:18: Having lived in both the heights and PS I can tell you that the commute to Midtown was 5 minutes longer fromthe slope. In the slope I took the B or Q, which bypassess downtown Bklyn and goes over the Manhattan bridge and gets to Midtown in 25-30 minutes. In the Heights I took the 4 or 5, which took 20-25 minutes.
average means almost nothing.
5 minute commute vs 45 minute is a big deal to people.
Actually, the 2005 Corcoran Report indicates that in some cases, prices in Park Slope exceed prices in Brooklyn Heights. This is a clear indication that to many, the charms of Park Slope outweigh the traditional prestige factor associated with Brooklyn Heights.
Below are the average prices in 2005:
BROOKLYN HEIGHTS
1-family: $2.945m
2-4 family: $3.722m
Co-op: $523k
Condo: 587k
PARK SLOPE
1-family: $3.349m
2-4 family: 1.549m
Co-op: $537k
Condo: $626k
http://www.corcoran.com/guides/pdf/Year%20End%2005%20Report.pdf
Look at that garden! Beautiful!
12:18–I didn’t say PS was worth as much as the Heights. In fact, I said that the snooty value of the heights makes it worth more than PS to many. As for me, I live in Clinton Hill. If I could afford it, I’d happily move to PS. Whereas I have no interest at all in living in the heights. Presumptous? Sure.