House of the Day: Views in the Heights
We’re not expecting this one to generate a lot of controversy (or to fall into most of our readers’ budgets) but we couldn’t let it pass unnoticed. The 8,000-square-foot palace has 12 apartments, killer views of Manhattan and one of the most amazing staircases we’ve seen in a Brooklyn residence. We would have appreciated it…
We’re not expecting this one to generate a lot of controversy (or to fall into most of our readers’ budgets) but we couldn’t let it pass unnoticed. The 8,000-square-foot palace has 12 apartments, killer views of Manhattan and one of the most amazing staircases we’ve seen in a Brooklyn residence. We would have appreciated it if the brokers could have included a little more info on the status of the rentals, without which it’s impossible to comment on the value of the property. Has anyone had the good fortune to climb these stairs?
Columbia Heights [Corcoran]
I lived there a long time ago. each apartment has its own charm. building has fabulous history but needs TLC. the owner passed away not too long ago and he and all his ecentricities will be missed!
This thing started out at $8 million at, I believe, Halstead. Obviously, they couldn’t unload it for that amount. They’re even using the same photo set for the Corcoran site. Seems like there are few really good houses for sale in Brooklyn Heights that aren’t extraordinary overpriced (e.g., the $20 mln joke on the promenade. True, it’s a beautiful home, but $20 mln????). My reading of the Brooklyn Heights market is that a nicely renovated 1- or 2-family home goes for around $4.25mln-$4.5mln (for a 25 footer). A smaller house (20 ft) would go for $3.5mln or so. Anything above a 2-family goes for a discount because of the cost of renovating back to a 1- or 2-family. A 12-family, which this Columbia Heights listing is, is not a house, but an apartment building. It should go for a huge discount $5 mln is too high to make sense as a rental apartment building.
the paint is being stripped off the front door of the house next door, not the house for sale. I doubt the inside is pristine — the tenants seem to have been in there for a looong time and there are pillows in one window buffering an a/c and sheets in the next, etc.
The exterior is truly a mess, but there were workman there last week stripping old paint off the gorgeous front door. (I live next door) The rumor is that the owner has kept the inside gorgeous, but won’t fix the exterior because he was afraid his property values would skyrocket. Also, the building IS on the Promenade, where a brownstone recently bought for $8mil is being completely gut renovated and another building is on the market for $20mil.
Been on the market a while judging by the snow in the photographs
The apartments sounds small. At 666 sq feet each, I think that would be around 12 one bedrooms. I wonder if it’s rent controlled; otherwise I think the add would have mentioned the annual rental income.
it needs a ton of work on the exterior alone. half a mil at least