House of the Day: 44 1st Place
There are lots of things to like about this new listing at 44 1st Place (the moldings are our favorite!) but the asking price has us scratching our head. Granted the house is bigger than most (24 feet wide with an extension on the lower two floors) but $3,600,000 for a four-family house in this…
There are lots of things to like about this new listing at 44 1st Place (the moldings are our favorite!) but the asking price has us scratching our head. Granted the house is bigger than most (24 feet wide with an extension on the lower two floors) but $3,600,000 for a four-family house in this location seems aggressive, doesn’t it? A brownstone around the corner (which to be fair probably is not as nice on the inside) sold in May for $1,405,000.
44 1st Place [Realty Collective] GMAP P*Shark
the actually unit number is 44 1st place…
If you check out the NYtimes:
http://realestate.nytimes.com/sales/detail/2284-DP110513796
The listings is actually listed through Vita Realty, per Angela Vita.
Realty Collective bought out Vita Realty just 2 months ago and since this property was previously listed with Vita I am assuming this is an inherited listing for RC.
The lack of floor plans etc could also have something to do with it.
If they get this price it would be amazing but I think it’s a long shot.
Actually “traditionalmod”, the back yards of the garden place blocks are longer than the front yards. (I do a lot of gardening upkeep in both the front and the back).
This may freak people out as these front gardens in CG are universally adored but I don’t get the appeal of having the deep front garden. It would actually keep me from buying a place, especially if more yard in front means less in back. You don’t hang out and grill and eat dinner in a front yard yet you have to work very hard on upkeep because it’s in the front and visible to all the neighbors and the public.
that is a really cheap looking kitchen for that asking price.
I don’t know about CG but my experience has been that multi families are worth less than single or two families, at least in park slope. I think the market of potential buyers is smaller.
This feels like a $2 million dollar house which they rounded up by at least a million bucks on account of some nice interior plaster and woodwork.
I could see 3.6 if this place had just undergone a million dollar renovation like the place with the two duplexes on the block over that went for like 1.8mm each. Not that I agree with the market, but there it is.
As a rental, the bottom two places would rent for a little above 3K and the top two mid 2s, so price/rent doesn’t even support a 2.6mm valuation, but what else is new in Brownstone Brooklyn?
“This is one of those Syrian Italian blocks. They will pay anything to be able to walk to the nearest deli with homemade mozzerella and prosciutt.”
lol!
That white trimwork would look spectacular with darker, contrasting walls.
Mopar, I love the dropped “o.” Very authentic.