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]
87 St. Marks is in contract for over asking, owners asked less than they might have to move it quickly and the break in the ceiling molding on parlor floor is from an old circular staircase being removed when the house was renovated……and I’m not a broker (tho theirs should have known answer to last issue)
Re: question why taxes are high in comparison..They changed their CofO to 2fam couple years ago..and my guess is that can trigger higher taxes.
And doesn’t seem overpriced (and thats all relative because of course everything is overpriced by 50%) to me.
I don’t see much else at that level in vicinity that looks like better deal..
(and remember this is 3800+ sq ftso don’t tell me about house that is 3200sqft).
One hanson is a joke – i dont believe it’s selling but if you do…. you must be a broker ? probably long a unit or two looking to unload on a poor fool.
Wrong about what Anon 4:09? I think I was clearly saying that prices at six times the median indicate a different set of fundamentals. Housing prices don’t make sense when compared to most other markets’ fundamentals, thus our ongoing party.
87 st marks seems sweet.might be a tad over price. but it beats the pants off 34 st marks any day. that has to drop a bit for anyone to buy it. guy must be smoking a crack pipe for that one.
jackass who defends that property might come on and yell how its not true etc…
anon: 12:20pm Bad news, One Hanson is selling and quickly too! Ha ha.
if bidding war, why is it still on the market.
i just called and noone told me it was about to sell for more? seems like anon 401pm IS A BROKER! muhahaha
WRONG Shahn. NYC will always be above the median (barring another fiscal crises), even when the lights come on.
The party is over but it’s hard to tell because guests (investors) are leaving one-by-one. But the after-party (owner-occupiers invited) shall begin and continue ’til next boom.
Low asking price equals bidding war!! Yahoo Brrooklyn is still over the top!! come on baby keep going!!!