House of the Day: South Slope Brick
We think this three-story South Slope brick looks quite charming both inside and out but we’re not sure if the asking price is pushing it for a house this size. As usual, we’re not getting any help with the address from the Warren Lewis website, but an educated guess has to put it in within…
We think this three-story South Slope brick looks quite charming both inside and out but we’re not sure if the asking price is pushing it for a house this size. As usual, we’re not getting any help with the address from the Warren Lewis website, but an educated guess has to put it in within the red circle. If so, how does the price strike you? The house just hit the market and we won’t be surprised if there’s a lot of interest. It would help if someone could let us know the address and any comparables that have sold recently. Note: This is a revised version of this post–we botched the location on the first go-round. Apologies.
391 16th Street [Warren Lewis]
The house is 391 16th Street right off 8th Ave. I went to the open house, and thought it would make a great single family home. Some odds and ends to do but most everything restored already.
Yes, 15th street has vacant lots that are zoned R6 but are about to be downzone to R6B. There is a VERY STRONG organized group of local neighbors who are actively fighting any out of context development planned for these lots.
Wood frame houses on the same block have sold for 1 million. A 2000 square foot building just sold for 1.1 million last month.
A thought on the South Slope and areas beyond it: I have been watching the progress of “the Sutherland” on Corcoran’s website. This building is on 20th Street, which real estate agents call the South Slope and everyone else calls Greenwood Heights. The building is never set up with listings on the new development page and it’s open houses (if any) have been poorly listed, so it is hard to see what is going on there, but by looking at Andrew Booth’s “in contract” listings, it seems to be all but two apartments have sold out in about two weeks. Prices seem to be in the $550-650/square foot range. It seems to be that there are still a lot of people looking for a decent amount of space (1000 sq ft or so) in the $500-600K range and that the places that offer that in decent if not great locations are very successful. At the same time, developers offering fancy $1000 sq. ft. places like on 7th street — an admittedly poor location for such prices — don’t seem to be getting anywhere. I guess the “Carraige” and the 2nd Place condos, which are both halfway in between, will be an interesting further sample. My guess is that they will both be bought up pretty quickly, while 7th street sits and stews.
That’s okay brownstoner, we still love you!
We bid on a place over a year ago on 8th Ave between 12th and 13th streets. It was smaller than this place, and needed heavy renovations. It was listed at something like $875K and we dropped out when the bidding cleared $1 million. I think it went for something like $1.05. And prices in the South Slope were 10 or 15 (maybe 20) percent lower then. Based on the pictures and the review by the person who saw it, it sounds to me like this place is a good value in comparison to the place we bid on — keeping in mind the market rise.
Sorry, folks, we really made a mess of this one re: location. Amended the post to hopefully rectify things. If the brokers would just provide the friggin’ address it would avoid a lot of confusion. Of course, if we were a little sharper, it would too 😉
As anon at 12:14, I am glad to see my guess was accurate! Sounds very nice, but the condos would be a worry if I were looking.
Brownstoner:
It think you still may be off here, even after your correction. First, when I click “map of area” on NYT, it shows 12th Street between 6th and 7th Aves. Second, there are almost no houses like this between 2nd and 3rd Aves in the South Slope. Between 3rd and 4th, yes, but not 2nd and 3rd, which is mostly industrial. Third, the statement that Prospect Park was a block away would be a blatant lie. Not just real estate puffery but a blatant lie. Fourth, the taxes are too high for somewhere down between 2nd and 3rd Aves.
the address is 391 16th street between 7th & 8th aves. we went to the open house. it is quite lovely. it’s a 3 sty 2 fam with a tenant in the garden apart and upper owner duplex. the building is 19 x 45 and the lot is 19 x 100. the drawbacks are the kitchen is on the top floor and there are two lots on 15th street which abuts the back of the building that are just beginning building condo buldings.
Right you are. West, not South.