House of the Day: Going Back to Cali
You know we’ve been around awhile when we’ve witnessed the full lifecycle of a house, from a guest post on the construction process to post on the finished product to the house changing hands for the first time. Such is the case with 112 Butler Street. This very modern new-build in Boerum Hill received a…
You know we’ve been around awhile when we’ve witnessed the full lifecycle of a house, from a guest post on the construction process to post on the finished product to the house changing hands for the first time. Such is the case with 112 Butler Street. This very modern new-build in Boerum Hill received a very warm reception from readers when we displayed when we wrote about it last May. After less than a year living in the house, the owner and his family have decided to move back to their home state of California. The house (which is somewhere between 2,500 and 2,800 square feet) is now listed with Corcoran for $2.25 million. There’s no way around the fact that this expensive for the location and the square footage but it’s certainly worth a shot given the house’s unique design. By comparison, the 14 Townhouses, arguably in a better location, are priced at $2.65 million and have about 1,000 square feet more space but no garage. What do you think? Do they have a shot at this price?
112 Butler Street [Corcoran] GMAP P*Shark
Behind the Facade at 112 Butler Street [Brownstoner]
New Build Odyssey [Brownstoner]
good question about 14townhouses.
On their website – still shows corcoran as the contact. But on Corcoran – other than the 1 listing in contract – the other 13 are gone.
Speaking of 14 Townhouses. They seem to have disappear from the Corcoran website. Off the market??
if this were a renovated “brownstone” everyone on this board would be talking about the “details” and “old world charm” that there is just no way to put a price on.
the reality folks is that good quality new construction, which this may or may not be, should have a market value of no less than double a renovated brownstone on a per-square-foot basis. all the details and old world charm in the world do not outweigh the knowledge that your house isn’t going to just rot away one of these days. so, yes, of course this is in the ballpark. unfortunately, it’s in the ballpark of the smart money, which is currently on the sidelines.
There are houses that have sold for more than this in a 3 block radius recently (up into the 3MM range even). This is so unique and beautiful (if you’re a fan of this type of architecture). I think it will fetch this price, esp. with the garage. No, I have nothing to do with this listing.
i think you’re wrong brownstoner, this is a much better location than 14 townhouses. the location of 14 townhouses sucks, who wants to live in downtown brooklyn. i happen to like the design, but who wants to live in a house if the 13 next door are identical. that works in the suburban developments, but those house aren’t over $2.7 (despite the fact that they haven’t sold prices have gone up??) if they’d done the same 14 townhouse in different locations they would have all sold by now.
“There is an influx of young people in BH staying at the St. George – it changing the face of the area.”
Oh, you mean the people who leave beer bottles, food and vomit on the sidewalks. BH IS THE BEST nabe in brooklyn. Yes, not everyone can afford to live there but it is still a great area.
I understand comments on this HOTD and other HOTDs – about your individual priorities – that you don’t want to live this close to project… or highway or this or that neighborhood.
But in trying to determine how well a house is priced is not based on your or my individual taste or preferences—old vs. new, 1 – 2 or 3 family, blah blah blah.
It is whether market can find buyer at what price. So what are the comps? What else has sold close to here – and what kind of props? Doesn’t matter if you or I would want this particular house or location.
What is with the floor to ceiling glass windows? I saw a new building on Myrtle that had the same thing this weekend. Are exhibitionists taking over Brooklyn? I don’t want to see what goes on inside my neighbors houses. I like the fact that I can’t imagine what they look like naked. Put up some curtains folks…
>>> “Must mean that no one wants to go to dinner on Smith St since it’s 1-block from the projects”
There are lots of restaurants in the Village I’d go to dinner at. It doesn’t mean I’d want to spend $2m+ to live next to an NYU dorm.
Besides, this house isn’t a block from the projects, it’s literally the second property west of Hoyt St.