House of the Day: Last Great Deal in the Slope?
The listing calls this house “truly the last great deal in Park Slope” and on the surface it looks like that might be true. All we have to go on is a single photo which doesn’t even make clear which house is for sale, but both look pretty nice from the outside, especially given the…
The listing calls this house “truly the last great deal in Park Slope” and on the surface it looks like that might be true. All we have to go on is a single photo which doesn’t even make clear which house is for sale, but both look pretty nice from the outside, especially given the $1.2 million asking price for Center Slope. Since we’ve recently been reprimanded for not knowing the Slope, we’ll leave our opinion at that and let others chime in. It would be particularly helpful to have a specific address (all we’re told is 4th Street between 5th and 6th Avenues) or hear what kind of shape the interior is in.
Center Slope Brick [NY Times] GMAP
Is anon 1:44 talking about the house on 1st st? that one’s lovely, but the 1.75 mil asking price hasn’t budged and perhaps that’s the problem. Since we own a 3-story in the Slope, I’ve been watching the market for these and, judging from several that have been sitting on the market for a month or two, it seems like there may be a price correction underway in this little subset of the market.
Anon 1:44, send us the link and we’ll take a look. No hidden agenda here.
I think Brownstoner picks some neat HOTDs exactly because they’re not the obvious ones — they’re in areas or styles that one might otherwise not know or overlook. A beautiful Park Slope brownstone is kind of too easy.
And if this other house is so awesome, why has it been on the market for weeks?
I don’t think Brownstoner does not know the Slope, I just think he forsakes it. There has been an awesome 3 story brownstone in center slope for sale for weeks. It is full of original detail like marble mantles, pocket doors, shutters, etc. It should be a slam dunk HOTD. Instead Brownstoner features a lousy 4 story/4 family on 15th street with no detail. I think Brownstoner’s other blog is draining his energy.
Most brownstones/brick houses in good shape in this area go for 1.4 and up. I suspect that something isn’t exactly right here…since a wood siding house in need of a gut reno, ten blocks south of this just sold by Corcoran for a million. Interesting, though. Way to give the Slope some airtime, Brownstoner. However, I think for every Park Slope house like this you find, you can find at lest five with prices 30% higher, esp. North of 9th street.
Anyone read the NY Times follow-up stories about over crowding in Queens. A single family home with 20, 30 people with beds in every room except the bathroom. One landlord had something like 12 families each paying $900. I bet if you figured out the rental income per month based on square footage it would rival most parts of the city. A postal employee said that there are sometimes 2 dozen names on the mailboxes. THE DOB BELIEVES THIS TO BE A VERY COMMON BEHAVIOR.
Even though the house is narrow for a 4-story, it’s on one of the nicer blocks below 6th ave in the 321 zone.
There are several 3-story houses on the market right now (like the two on 6th st., and one on 6th ave.), just as narrow and out of the 321 zone (39 is a good school but without the marketing oomph of 321). they’re all in better shape and priced considerably higher.
Is there any detail left in the house? I know the block well but haven’t seen the inside of this one…
Linus – I think we’re in violent agreement. (I think I understood your post, but seized on the bit I could do some math on.)
Anyway, everyone, I don’t think there’s going to be any great deal here–like most houses, it’s likely to sell for as much as people are willing to pay for it. The chance of some lucky buyer getting a house for hundreds of thousands of dollars less than what others were willing to pay is slim. And the only reason the regular non-bargain prices are as high as they are is because others have been willing to pay them.
I agree with Anon 2:54. I, too, partially support my parents, otherwise they wouldn’t be able to keep their house and would be out on the street. It’s all about greed these days, nothing more, nothing less. Sad commentary on what our society is becoming…or has already become. What goes around comes around, so don’t be surprised if your children turn on you in your elderly years.