House of the Day: 358 Washington Avenue
We wish we had the money and the time to take on a renovation project because this brownstone at 358 Washington Avenue, at the corner of Lafayette, is just calling out to be restored. The 3,500-square-foot house has tons of beautiful architectural details to work with. In addition, because it’s a corner house, it has…
We wish we had the money and the time to take on a renovation project because this brownstone at 358 Washington Avenue, at the corner of Lafayette, is just calling out to be restored. The 3,500-square-foot house has tons of beautiful architectural details to work with. In addition, because it’s a corner house, it has windows along the entire eastern exposure. Wow. And given the location, the asking price of $1,150,000 doesn’t sound crazy, though it’s obviously completely dependent on how much dough you think you’ll have to sink into bringing this place back to life. UPDATE: This just in from a broker in the know…”This guy showed it first on Friday and is taking best and final today at 5pm. Totally bonkers…Will go for over ask.”
358 Washington Avenue [Corcoran] GMAP P*Shark
why isn’t the house on the website anymore?
mcKenzie sounds very familiar with this territory. Must be where he has a room in an SRO paid for by SSI.
” pierre, standing on the flr looking up, can one tell difference between plaster vs styrofoam molding? is styrofoam on it’s own bad looks-wise?”
Hey m4l,
styrofoam actually looks great when it’s painted flat white but the problem comes with warping when the temperature around it fluctuates a lot. Also not sure about how the look hold’s up with time. Plaster on the other hand is a proven product hence the associated costs…we’ve been told that there are now companies that sell plaster coated styrofoam moldings out of Canada which should be an interesting option.
11217 does not get out much and does not know that 2 bedrooms apts in Manhattan have maintenance fees between 1400 and 2000 nowadays. However the people who live in them are happy to pay it. You know why? Because they don’t have to live in outer Slobovia where your nice polite children will get beaten up and mugged.
$1000 maint on a 2 bedroom coop in manhattan? where? some walkup railroad tenement on 1st and 93rd?
what year do you think this is?
To turn this fleabag into a fine residence like one may find in Brooklyn Heights or Park Slope, one would need to spend about a million dollars. assuming one pays 1.1 million that would make one’s investment 2.1 million dollars for a house in the GHETTO without parking and basically inaccessible to Manhattan except by car or the nastiest and smelliest subway line in the city, the G.
you all are on crack. Most of Brooklyn is a ghetto filled with very very poor people. This nabe is poor and still pretty dangerous.
SNAP OUT OF IT!!!
Blayze it’s 869 Union. I think it came out pretty nicely and the local iron guy I went with came in around $90,000 cheaper than the Pennsylvania foundry recommended (and apparently used for city projects) by the LPC. Shop local!
And I meant to mention, I’m not sure who mentioned it above, but the maintenance on a $1.5 million two-bedroom on the Upper East Side is NOT $1000. It is most likely $2000–even higher. We looked at one bedrooms recently and there common charges are routinely around $1500. Friends with a three-bedroom (in a great doorman building) probably pay $4000 or more per month.
If you have young children and you can get them in at the school on Madison (between 81st and 82nd), wonderful. If not, or if you’re set on sending them to private schools, you can buy a whole house and have a more relaxed lifestyle and more “away” space for the kids (and parents!). Of course, you cannot compare a doorman building on the Upper East Side to living in Clinton Hill in your own house…but I do hope brownstone readers can be more realistic about the true costs most people would face renting or owning in Manhattan.
If you look at recent comps, I’d estimate a fair value around $1.27-1.33, given the location and condition. If the broker gets $1.35, good for him; sometimes setting a low price works if it gets potential buyers in a bit of an excited frenzy, especially for houses that have serious downsides (like this one.)