House of the Day: A New Era In The Slope?
This North Sloper looks like a sign of the times to us. As far as we can tell, this would have been asking north of $2 million just a few months ago. Now, at $1.795 million, the location and historic integrity of the building make this pretty attractive, we think. Perhaps there’s a bit of…
This North Sloper looks like a sign of the times to us. As far as we can tell, this would have been asking north of $2 million just a few months ago. Now, at $1.795 million, the location and historic integrity of the building make this pretty attractive, we think. Perhaps there’s a bit of a discount for the fact that it’s a three-family–most buyers in the North Slope these days probably want a one- or two-family. In addition to the cost the reconfigure, the listing admits that the house needs a tune-up in places. Personally, we’d start by plastering over that brick wall in the bedroom! Regardless, we suspect this will attract a buyer quite quickly at this price. It makes us wonder: If this house is $1.8 in the prime Slope, what would it be in Fort Greene?
North Slope 3-Family [NY Times]
Listing #5230 [Warren Lewis] GMAP P*Shark
Dear 2:00, thank you for so beautifully summarizing all that is wrong with the Heights, St Anns and all parents who wish their kids could go there. “I worked with them from the minute they were born” is the sickest thing I’ve ever heard. They’re kids, not a project. And dear 1:05, please realize how lucky your kids are to be going to a mellow public school and not a “gifted child” factory.
I don’t think of FG as up and coming. It’s prices continue to rise, sure, but it arrived quite a while ago. That’s the problem I see with this thread. We’re not talking a neighborhood that is happy to have a ‘sit down restaurant’ like parts of up an coming Bed Stuy. And, unlike most areas, FG is truly diverse (by “truly” I mean it is not a 95% black neighborhood that erroneously champions its “diversity” – it is a real mix of races – quite nice and not too common in my experience).
St Ann’s parent– I’ll agree with you about the parents being the most important factor. But are you going to say that kids *never* get into St Ann’s, or other private schools, because of connections? Of course they do. And that, by definition, makes it harder for other, smarter kids to do so. It’s great that your smart kids did get in, but a parent would be naive not to consider how connections affect your chances, if only by narrowing the amount of available seats.
Ah, linusvanpelt, thank you for saying well what I’ve been trying to get across.
-“The Buyer”
Linus, that’s an interesting question but I’m not sure I agree with you. What’s the premium to buy in Brooklyn Heights or Cobble Hill vs (say) Fort Greene? I’m guessing here but I’m thinking comparable properties are going to be 50% higher in Cobble Hill and maybe 80% higher in Brooklyn Heights. For the same type house! I may just have a more speculative mindset but if I had the money to buy in either (and this debate is pointless if not) I think being able to own my place free and clear with no mortgage would be a powerful argument for Fort Greene. The differential could also be applied to educating your kids privately, furnishing or renovating a house to your taste or investing the balance. Interesting, if academic question though.
You call that a park.
This is a park:
http://www.prospectpark.org
Dear Anon. 1:05,
Your statement about not being connected enough to get into St. Ann’s, etc. truly offended me. My kids are at St. Ann’s and it wasn’t our connections but rather that they are smart kids! I worked with them from the minute they were born, taking them all over the City, exposing them to as much culture as possible, reading to and eventually with them, conversing with them etc. To say that you have to have connections is just wrong.
If your kids aren’t smart then fine live in Park Slope and hope that the public schools will help your kids, but FYI you have to work with them to make them the best that they can be, connections will never do that for you.
Yes linusvanpelt, that is still very much true. Cheaper areas aren’t nearly as cheap as they should be, given what they offer. But that reality seems to be dawning on buyers, as there are a growing number of price reductions in those areas. And I certainly agree that, in this volatile market, a small place in an established area is far more likely to hold its value than a grand one in an up-and-coming area.
Okay, I’m the schools poster. Yes, FG has all these things, but where o where do your children go to school.