House of the Day: Midwood Not Mid-Priced
This four-story limestone on Midwood Street in Lefferts Manor is the real deal but, man, $1.495 million is a lot of dough for this nabe, isn’t it? It looks like the extensive woodwork in the house (including several fireplaces) is in excellent shape. As usual, we’re not loving the kitchen reno, but that is what…
This four-story limestone on Midwood Street in Lefferts Manor is the real deal but, man, $1.495 million is a lot of dough for this nabe, isn’t it? It looks like the extensive woodwork in the house (including several fireplaces) is in excellent shape. As usual, we’re not loving the kitchen reno, but that is what it is. The house, which is of a grander scale than many in the area, also boasts inlaid parquet floors, pocket doors and stained glass. Still, $1.495 million? What do the locals think?
Update: This is 68 Midwood Street–the identical twin of #55. Both were built by W.A.A. Brown and were originally priced at $11,000 when they hit the market a century or so ago. According to Bob Marvin, the reason for the dumbwaiter is that these houses were built with TWO dining rooms–an informal one in the ground floor front and a formal one, over the kitchen, in the parlor floor rear.
Midwood Limestone [Brown Harris Stevens] GMAP P*Shark
I meant “established” from both an investement perspective and from an amenities perspective. I know PLG has a long-standing active community association. But it is decades behind other areas in terms of stores, restaurants, banks, and so on. And as an investment it is very much a long-shot. Areas like PS, FG, Boerum Hill have been “desireable” for awhile now and I’m pretty sure they’ll weather the market’s ups and downs without trouble. PLG is another story.
Don’t take the bait.
Tom and the PLG cabal just want a propoganda opportunity. Keep up the thorough, thoughtful search you seem to be doing. There are always trade-offs.
Tom, don’t you get it? “Established”, “Developing”, etc. are all code words!
What do you mean by “established”? The Lefferts Manor Association has been around for decades! There are also a high percentage of home owners that have been in the neighborhood for over 30 years…..
PLG is established.
2:18–There are quite a few lesser houses in more establish areas in the same range, especially since I can afford to spend more than this if the house has a rental unit. There is a lovely house on Washington in CH, and another nice one we saw in FG. We saw two nice houses in Boerum Hill, and a few in the Slope (with rentals). There are loads of places on the market now, and my realtor tells me the prices are almost all “negotiable.” Nothing is as nice as this PLG house, but the areas are all much more established and offer a lot more amenities.
Please provide some examples of “lesser” houses in “more established” areas.
Rutland and Flatbush is known to be a bad corner, with lots of loud loiterers and drug activity at the corner building. I think 38 Rutland suffered a bit from that–who wants to walk by that every day?
This is in my price range, and it looks amazing. But I’d never spend this much on PLG, sorry. Perhaps the neighborhood will improve someday, but I see no real signs of change now. This is a lot of to spend (for me, at least) and I want to be sure I’m investing it in an area that isn’t going to drop if there is a real burst in the bubble. I can’t afford the primest area, but I feel much safer buying a lesser house in a more established neighborhood.
Then they’re tougher than I would be! How long would you leave your home on the market while the neighborhood improves?
Didn’t realize they’ve already reduced 100K. I could totally see it going for 1.4