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]
brownstones and condos will move in together… one hanson is overpriced dogdoo, half of the brownstones i see on brokers web site is too.
go go bernanke go
but 87 st marks does seem reasonable (effort to stay on topic)
Don’t think gut rehab will cost $500k, but of course its all how highend you want to go. Some people will spend 100K on kitchen others $20k. Same with bath. Architect designed or basic functional?
Still #87 is much larger with larger lot and does seem good price. In that price range you aren’t going to get that amount of space on quiet pristine block away from all traffic noise, projects, commercial, schools, etc. At least in that area.
One Hanson will attract a different group of buyers than the brownstones do, so I don’t think how they sell will be evidence for or against a change in the brownstone market. Brand-new condos are holding up much better than standard apartments and houses are.
curious, what ballpark $ do people think 34 St Marks Plc needs for it’s “Gut” reno? 500K?
Making these (essentially) the same asking price?
I rented in that block (same side of the street). Nice neighbors and proximity to trains and services was excellent, but the big negatives: From the front of the house, the Flatbush Ave. noise is noticeable and annoying. Also, many cars use this street as a short-cut between Flatbush and Vanderbilt or Washington, so the fast-moving traffic could be scary at times.
i think so but i think real proof will be when there are no takers for the one hanson place condos at their monster price
Isnt this just a more proof that the brooklyn real estate party is over?
i went to the open house too – i didnt like the weird building behind it (does anyone know what it is??) really takes away from the charm of the garden. also the ceiling has odd patched up work on the parlor and 2nd floors as if something happened but broker couldnt explain what had happened.
i am surprised it hasnt sold but there must be something wrong with it
went to the open house a while ago. It has everything (give or take) except for location, and rear outlook.
If you spend 1.5 bucks+ you should be able to escape the dull roar of traffic. That is my opinion, anyway.