House of the Day: South Slope Mint? Flip?
This woodframe on 8th Street between 4th and 5th Avenues looked like a pretty sweet deal at $1.195 million. But as we looked a little more closely at the photos, we became a little less enthusiastic. While the exterior sure is charming, the interior has the feel of a flip job that, while perfectly competent,…
This woodframe on 8th Street between 4th and 5th Avenues looked like a pretty sweet deal at $1.195 million. But as we looked a little more closely at the photos, we became a little less enthusiastic. While the exterior sure is charming, the interior has the feel of a flip job that, while perfectly competent, feels like it lost some character in the process. Anyone know this place? The listing doesn’t give the street address so we’ve hit a dead end.
Mint One or Two Family [NYT Listings] GMAP
7:23 — Not always true. A well done wood facade outvalues a poorly done brick one every time.
wood houses sell for less than brick.
Is the first floor on this a cellar or more of a garden floor? Can’t see how many front stoop stairs there are in the picture.
Anon 9:41AM is DEFINITELY the Seller.
House won’t go for a dime over $875k.
Look at the comps folks!
brilly, my house (in the same rough area) is brick and brownstone so I should be biased toward your belief that frame houses are worth way less. But no way, no how is there a 30% discount for frame houses. Maybe it will take longer to sell than a brownsotne, and maybe for $100K less, I don’t know. But if you could get a frame house this size and condition for $1M in this neighborhood, people like the house-hunter who posted above would jump for joy. They don’t exist.
I’ve seen this house. It’s very cute, a bit small but could easily work nicely for a family with 1-2 children. The backyard is very big. It lacks some inate charm, but whoever buys it can add this as they want. I think it will definitely go for between 1-1.1M. The market for houses in neighborhoods with decent public schools, subways and amenities is still very, very good. For coops/condos it’s slowed down more. These are just the facts people.
Hardy plank is definitely not on the same level as aluminum siding or brick veneer. This is good stuff. It looks amazing and lasts forever. It is also quite expensive but worth it. We used it on a grandfathered outdoor shed and it looks incredibly charming and authentic.
9:48 — Brick facades on frame houses tend to look like crap. You can see them all over PS and other areas. Restored wood (or composite) fronts can have enormous charm. I agree with your assessment of most aluminum sided properties, but not everyone can afford the expense of facade restoration.
“Based on my calculations this works out to $6,000 per square foot. A bit pricey for Carrol Gardens?????”
is it 121 square feet? i think your calculations are wrong.