HOTD: 'Nuther Price Cut at 135 Joralemon Street
We think the owner of 135 Joralemon Street did an absolutely incredible job restoring (and then styling) the former Brooklyn Heights burn-victim and hope that he makes a solid return for his efforts (everyone on the block should be chipping in!). So far, though, the pricing has proven to be overly-aggressive. The house, which in…
We think the owner of 135 Joralemon Street did an absolutely incredible job restoring (and then styling) the former Brooklyn Heights burn-victim and hope that he makes a solid return for his efforts (everyone on the block should be chipping in!). So far, though, the pricing has proven to be overly-aggressive. The house, which in its pre-renovated form went for $2,400,000, has been gradually ticking downward since being listed last summer for $5,950,000. The latest price cut, from $5,250,000 to $4,950,000 came yesterday. Will it be enough to move the 3,200-square-foot house? We have no idea.
135 Joralemon Street [Corcoran] GMAP P*Shark
House of the Day: 135 Joralemon Street (Revisited) [Brownstoner]
House of the Day: 135 Joralemon Street [Brownstoner]
Recovery Underway for Joralemon Burn Victim [Brownstoner]
Ode to 135 Joraleman [Brownstoner]
I think this will happen in the low 4s. It’s a great house, but the location is a little lacking. If it were on Garden/Remsen/Willow/Pierrepont.. whatever, they could have gone higher. But not here.
I wouldn’t consider this a trophy house. Too small, to short.
It’s cute, but not a trohpy.
When you consider that 3 brokers have to eat from the proceeds, it is not overpriced afterall, no?
seems like the house of the day is often too pricey for me to care.
Is The Brownstoner having a ‘cow’ because the windows are painted white.
Whoever bought this made some serious miscaluations. Although they did a fine job of restoration (from the street anway, did not check of the interior) the $2.4 million was even too high for this house. I can only imagine the super rich (net worth above $25 million) to want to purchase this as a trophy but for anybody else, the finances just won’t work. You’re rich to be able to buy this but will be stretch and living month to month.
Agree they did a fantastic job on this place, exterior at least. Price does look high though…
Still overpriced and it’s sandwiched between two buildings. How wants 100 eyes looking down into their backyard.
They are still asking over $1500/sf.
Keep chopping.