House of the Day: 87 St. Mark's Avenue
This house was an Open House Pick back in mid-May and despite not selling yet has held its ground on the $1.6 million asking price. This makes sense to us. Although the 4-story brownstone is technically on the Prospect Heights side of Flatbush, the condition and level of detail make it worth the price, we…
This house was an Open House Pick back in mid-May and despite not selling yet has held its ground on the $1.6 million asking price. This makes sense to us. Although the 4-story brownstone is technically on the Prospect Heights side of Flatbush, the condition and level of detail make it worth the price, we think. Moreover, the house is 21 feet wide and on an extra-deep lot. So, overall, we think the sellers are right to hold their ground on price. This listing also provides an interesting context for thinking about the gut rehab candidate at 34 St. Mark’s Avenue which is currently asking $1.1 million. Another twist: Both properties are being marketed by Corcoran.
87 St. Marks Avenue [Corcoran] GMAP P*Shark
34 St. Mark’s Avenue [Corcoran]
Buyers proceed with caution… These sellers play all kind of games… The broker is a scam artist…You call sometimes this house has an offer other times it does not.
i agree with anon 1241 and with the armchair guy…. i too smell brokers galore in here. No way in hell a house on sterling listed at 1.85 just went for 2.3.
i have been on the market to buy for 2 months now and NOTHING I have looked at has sold so far.
“A house on Sterling asking 1.85 just went for 2.3, so the market is not dead.”
I don’t believe that for a second. What house, listed by whom? when? for how long?
I know I’m dumb armchair but I have no idea what the heck that’s supposed to mean. Is it code?
my armchair senses tell me. iz smells brokers :p.
I saw this house for the first time with my BHS broker last week. Great house! She told me that they had an accepted offer over the asking, which fell through. It’s priced low to generate interest in people who might not want to look near Flatbush. She said it would definitely go for over the asking and I believe it. A house on Sterling asking 1.85 just went for 2.3, so the market is not dead.
who told you it is in contract above asking? corcoran did not tell me that and if in contract, it would be off the website……….
I don’t think NYC is in a permanent ongoing party Shahn…it’s just that it’s NYC, and like other major cities, will always cost more than the median to live in (or near). This country would have some serious problems if one could buy prime NYC property for the national median. That said, it doesn’t mean that the insane real estate prices over the past few years, with bidding wars, etc., will continue here either. It just means that our area will always be pricier compared to say, Oklahoma.
Shahn @ 5:09,
Wrong about “brownstones would be priced near the median house price in the United States…”