House of the Day: Lefferts Avenue Place Sliver
When we first glanced at this listing, we thought to ourselves, “Hmmm, what a handsome looking townhouse for only $720,000.” Upon closer inspection, though, we reflected, “Dang, that’s a mad skinny house.” (Okay, those weren’t our exact words, but you get the idea.) Turns out the four-story spread is only 1,900 square feet, which makes…
When we first glanced at this listing, we thought to ourselves, “Hmmm, what a handsome looking townhouse for only $720,000.” Upon closer inspection, though, we reflected, “Dang, that’s a mad skinny house.” (Okay, those weren’t our exact words, but you get the idea.) Turns out the four-story spread is only 1,900 square feet, which makes the asking price look pretty steep given its location. Unless it’s in pristine original condition, which we doubt, we’d say this is overpriced by a good $100k or so. Are you with us or against us on this?
212 Lefferts Place [Ardor NY] GMAP
Hoo, boy–from the Brooklyn Eagle, circa 1885:
“About eleven o’clock this morning two men entered the Coroner’s office.
One was tall and wore a dark moustache. He carried a light bamboo cane
in his hand. The other was shorter, stout and of a florid complexion.
The tall man is the brother of John Sperry KANE, who cut his throat at
212 Lefferts place on Saturday night; the stout man was Robert J.
SPERRY, a cousin of the alleged suicide. Mr. SPERRY was very much
excited, and questioned the Coroner as to the evidence taken at the
inquest. He alleged that full testimony had not been taken in the case,
and that Mr. and Mrs. KANE did not live happily together.”
This is 212 Lefferts Place in Clinton hill and is listed by another broker at $700k. Also, it is 1900 sq. ft. without including the garden level which adds another 633 ft.
The building is 16.67 x 38 on a 16.67 x 120 lot so it’s also got a good deal of air rights for additional building.
Based on the location, added sq. footage with the garden and the extra deep lot, and lower asking price of $700k, I’d say that this one is listed at a pretty good price point.
Also, a comment on the whole overpriced thing:
while some brokers will price property below market for a bidding war and in a hot market properties will sell for asking, this is not the norm. If the comps on a similar property are for $650k or so then the broker should price this at $700-$725k. With a little negotiation they settle somewhere in between. This is how you ensure that the property sells for market value in a time of rising prices which we are still in, believe it or not.
I wouldn’t ever call a property overpriced unless it is listed at 20% over what similar properties are selling for.
Actually, if they are referring to the S train in the listing, they mean the Franklin shuttle to Prospect Park, so this would be at the end of Lefferts Place in Bed Stuy near Franklin.
That’s pretty bad to get the street wrong on the listing. I’m curious now. I’ll have to walk by and check this out. It must be down towards the Bed Stuy side of Lefferts Place. While the square footage sounds small, maybe it could make a nice one family if it was fixed up?
I have a small house that is about 1900 sq ft on 3 floors. This place must be 12-14′ wide. Talk about vertical living.
Lefferts Place is great though, and the exterior is attractive. I wish brownstoner could get ahold of the actual selling prices for HOTD.
Why do people put up with such ignorance? Why would anyone list their house with a realtor who can’t even get the street name right?
I just called the realtor, Mr. Melamed. He states that the house is actually located on Lefferts Place. Geez! He also confirms that it is only 1900 sq. feet in size and is listed as a “legal two.”
We mean what we think it will sell for….
What does “overpriced” mean? The term gets thrown around a lot here. Does it mean that we predict the house *will* sell for $100K less, or that it *should* sell for $100K? God knows what anything *should* sell for in NYC these days, but depending on the confusing location/condition info I wouldn’t be surprised if the got the price.