House of the Day: 548 1st Street
This house at 548 1st Street has been on the market since early February. The 21-foot-wide limestone pad, which looks gorgeous to us in just about every way, has an asking price of $3,675,000. That’s no small change, even for a Mac Daddy house in a prime Park Slope location. Still this could be a…
This house at 548 1st Street has been on the market since early February. The 21-foot-wide limestone pad, which looks gorgeous to us in just about every way, has an asking price of $3,675,000. That’s no small change, even for a Mac Daddy house in a prime Park Slope location. Still this could be a must-have for some bonus baby, no?
548 1st Street [Brown Harris Stevens] GMAP P*Shark
If it goes for 15k/mo. it might be close to a 5% return on 2.5 mil equity, after paying the mortgage & owner expenses. Nice work if you can get it.
That’s actually not a very good return for an illiquid asset like this. I can construct you a portfolio of stocks and bonds with very little risk to yield more than 5%. Where are 30 year treasuries now???
Owners bought in 2006 for $3.1 & took a 600k mortgage
Bought another place in Washington, DC and moved there in 2009.
Rented w/ BHS for 12k in 2009
Now, changing gears from for sale to for rent for 15k
If it goes for 15k/mo. it might be close to a 5% return on 2.5 mil equity, after paying the mortgage & owner expenses. Nice work if you can get it.
re: blurry pics, you can check the links I posted – streeteasy, or bhs rental listing.
blurry photos here as well.
I agree with the bathroom on the kitchen living floor, it is needed. i think it could have been fit in somewhere.
even if it is small……
Yeah, definately there is something wrong with the photos. Blurry.
PICs (and floorplan) are clear on streeteasy.
http://streeteasy.com/nyc/sale/578326-house-548-1st-street-park-slope-brooklyn
BHS pulled the sale listing and has it for rent @ 15k
http://www.bhsusa.com/brooklyn/1st-street/rental/1191107
So the post should be updated to expensive rental of the day.
Troll above.
Some people might want to buy a place without bathrooms on every floor because they like brownstones.
By onHalseySt on March 28, 2011 2:27 PM
Rob – Why are you still posting on here. You barely have $375 to even opine on something like this. The fact that you live down the street devalues this house for having ignorant trash as neighbor.
Stop posting your opinions on this blog. There are plenty of apartments available for rent in Newark, NJ. You can go back to Jersey and STFU.
Everyone please don’t judge Bed Stuy people by this ignorant comment.
LM –
I don’t think it’s your computer. A common problem where quality of pics are lost in translation from broker site to brownstoner marketplace. In this case when you click on “See listing on broker website” you get Property Not Found.
(?)
Rob – Why are you still posting on here. You barely have $375 to even opine on something like this. The fact that you live down the street devalues this house for having ignorant trash as neighbor.
Stop posting your opinions on this blog. There are plenty of apartments available for rent in Newark, NJ. You can go back to Jersey and STFU.