House of the Day: 26 Willow Street
There’s lots to choose from if you are a deep-pocketed buyer with a hankering for a house on Willow Street. Back in December, 69 Willow Street ($5,750,000) was a House of the Day, followed by 46 Willow Street ($4,000,000) and 47 Willow Street ($2,400,000) in February. And of course, there’s the mother of them all,…
There’s lots to choose from if you are a deep-pocketed buyer with a hankering for a house on Willow Street. Back in December, 69 Willow Street ($5,750,000) was a House of the Day, followed by 46 Willow Street ($4,000,000) and 47 Willow Street ($2,400,000) in February. And of course, there’s the mother of them all, Truman Capote’s former crib at 70 Willow, which is still for sale at the reduced price of $15,900,000. Now, as Curbed noted yesterday, there’s one more to add to the list: 26 Willow Street, a gorgeous 23-foot-wide Greek Revival house that just hit the market with an asking price of $3,800,000. Sweetness.
26 Willow Street [Brown Harris Stevens] GMAP P*Shark
[cue Dave saying he owns three additional houses]
daveinbedstuy….you say that I have not had the experience of doing such a renovation, but that is a major assumption on your part. As NorthHeights says, anyone paying $4mln for a townhouse in Brooklyn Heights is not going to go cheap on the renovation. Also, it’s important to note that the real estate values in Brooklyn Heights can support high-end renovations that are not possible in other areas of the borough. I would say the same thing regarding Brooklyn Heights vs. Fifth or Park Ave in Manhattan, only in reverse. The super high-end renovations that someone on Fifth Avenue is willing to spend would be un-economic in Brooklyn Heights because you would risk pricing the finished product out of the market. In a place like BedStuy, which your on-line name implies where you may live, it would be un-economic to put $1 mln+ into a renovation of a single-family house. So, what is your point? I’m merely stating a fact within the context of the neighborhood. This is not a contest to see who is the most brilliant commenter on Brownstoner.
11217, just any old Greek Revival house (and there aren’t many) is not the same as this one.
This is of a quality and preserved in a way you will not find elsewhere in Brooklyn. Certainly not in the wood houses in Fort Greene.
11217, when you have more info about the house, let me know.
I made the initial assumption that what was necessary was the replacement of all systems, the bathrooms and the kitchen. That was given to us by the broker.
If you feel that the bedrooms are in deplorable shape unlike the rest of the interior, I’ll tack on another $50k for plastering, casings and floors.
18 months sounds really long. that huge fixer free standing mansion on clinton ave in clinton hill is looking close to done and it was near gut and restoration job. think that was around 15 months or so.
“We’re not talking about a gut renovation/rstoration here, given what the interior looks like.”
Their are 7 photos. 3 are of the dining room, 2 of the living room and 2 of the exterior.
And yes, much less than 18 months. We’re not talking about a gut renovation/rstoration here, given what the interior looks like.
I think the operative sentence in Bkhts2 post was: “It will be time-consuming and very costly to bring it to a level suitable for a home that someone pays multi-millions on.”
Maybe YOU can do a complete renovation for less than 18 months and/or under $1 million, but I think it’s spot-on to say that the typical Heights buyer plunking down $3.8 million for the house is going to spend that much and take that long to do the reno.
bkhts2, yeah, after I posted I thought it sounded ambiguous.
This house ollks to be in fine condition EXCEPT that it needs new plumbing, electrical, HVAC and a few bathrooms and a kitchen. That will not run you anywhere near “well over $1MM.”
Even if you’re tastes are so bad that you need blue azure marble everywhere, gold fixtures and a shiny Poggenpohl kitchen, you’d be hard pressed to spend $500k for all of that, unless of course your architects and contractors saw you coming and duped you.