House of the Day: 588 5th Street
Schwing! This new listing at 588 5th Street isn’t hard to get excited about. Located on a park block in the Central Slope, the single-family house has amazing original details, including parquet floors, wood moldings, mirrors, and plaster moldings. The unusual facade, a mix of brick and brownstone, is also part of the package. The…
Schwing! This new listing at 588 5th Street isn’t hard to get excited about. Located on a park block in the Central Slope, the single-family house has amazing original details, including parquet floors, wood moldings, mirrors, and plaster moldings. The unusual facade, a mix of brick and brownstone, is also part of the package. The kitchen definitely needs some renovating, but it’s huge and has some nice old built-ins that we’d want to try to keep. The asking price is $2,500,000 and we think they’ll get pretty darn close to it.
588 5th Street [Brown Harris Stevens] GMAP P*Shark
Agree with mopar. The kitchen does NOT need renovating other than the floor and appliances maybe. No granite, no stainless steel–I love it!!
Beautiful place. Well preserved.
Overpriced by at least $500K considering:
-necessary updating: kitchen(s), bathrooms, plumbing, electrical, etc.
-location: you have neither the easy North Slope subway accessibility, nor the 321 school district (it’s on the wrong side of street).
-comps in the surrounding area: 557 7th Street–park block, hi-end reno, no work needed at all, similar facade, last asking $2.4 million; and 578 7th Street–park block, limestone, original details, needs complete reno; didn’t sell for $2.25 million last year; currently on market for $2.19 million since March.
How much money would you have to put into this house, even for a conservative restoration and reno? At least half a million?
That block is lovely, and so convenient to the bike lane!
Schwing indeed. It it was a president it would be Babe-raham Lincoln..
11217, I’m with you on Carroll, and I like the houses on 2nd, but doesn’t the block seem, I don’t know, darker or something? Maybe the houses aren’t set back as much, so it’s harder for the sun to penetrate? Could there be such a think as too many trees? For whatever reason, there’s something a little oppressive about 2nd and 5th (more so 5th). 4th, on the other hand, has a completely different vibe. The houses may be less grand, but there’s a certain openness to the block that makes it seem cheerful. I suspect it’s because the houses on both sides of the street have front gardens and are set further back from the curb. Same thing with Carroll and Montgomery. Montgomery may have nicer houses, but Carroll is wider so it seems slightly more cheerful.
Thanks, one-one. I’ll check them out. I swear, if we ever get outta here, I’m going to pay you a commission 😉
Funny that both today and yesterdays HOTD are both from Swedish architects that often worked together… Both are great homes… just not great prices… I love this block!
2nd Street is stunning. That and Carroll are two of my favorite park blocks.
BKdreamland, I think prices start tapering off once you get below 1st. 3rd commands higher prices despite its location because the houses are bigger and, well, it’s 3rd – wide and tree-lined. 5th is a nice block, and the houses on the south side are especially nice in my opinion, but for some reason it has the least happy feel of any park block to the north, all the way up to Union (except for maybe 2nd, which also seem slightly less happy). Not sure why. 4th is a happy street. So are 1st and 3rd and all the name streets. Kind of weird.