House of the Day: 57 Lincoln Place
This place looks like a pretty good deal. The 3,500-square-foot brownstone on Lincoln Place between Fifth and Sixth Avenues looks to be in very good shape with plenty of historic details. The double-duplex configuration also makes it financially within reach for a lot of folks who couldn’t otherwise afford a house in this part of…
This place looks like a pretty good deal. The 3,500-square-foot brownstone on Lincoln Place between Fifth and Sixth Avenues looks to be in very good shape with plenty of historic details. The double-duplex configuration also makes it financially within reach for a lot of folks who couldn’t otherwise afford a house in this part of town. Taxes are low and there’s even a little FAR left over. It’s also the 4th most-viewed listing on Corcoran.com right now. This should go in a flash, don’t you think? There’s an open house on Sunday from 2 to 4 pm.
57 Lincoln Place [Corcoran] GMAP P*Shark
“I smell bidding war”…12:35 PM
I think you may actually be smelling your own broker BO.
My view on 16-footers:
The 4 foot difference between a 20 and 16 doesn’t seem like a huge deal until you realize you need, say, 7 feet for the staircase and hallway.
That means the 16 becomes 9 feet wide and the 20, 13 feet wide.
(13 – 9) / 9 = 45% wider in the “living” space … that’s serious space in my humble opinion.
I am interested in people’s comments on skinny houses because mine is narrow. I tried to create a sense of spaciousness in different ways with the renovation: lighting, integrated color schemes, properly scaled furniture. I think about this a lot – your standard American furniture seems to be so Mission and bulky and could be a killer in a little house such as this. That being said, it looks like a pretty one. I wish though that people would use standard lenses to shoot ad pictures. About the renovations, tilting floors and separating staircases are all fixable but aren’t little jobs. The rule of thumb for rebuilding a staircase is $5,000 a floor, though you can get it cheaper.
hey, jp, thanks. like almost everybody that reads this blog, i have never heard of the zoning resolution, rear yard requirements, height limits, the landmarks preservation commission, etc. i also make all my own decisions and never talk with attorneys or architects or even my spouse. i almost bought this building cause jon brownstoner told me that i could add a big addition, or whatever it is that he actually said. whew! you really saved the day. have a nice one, day, that is.
This looks like a decent deal to me. I think it will go for ask or better.
Have to take issue with the cirtics of a 16 foot house, since I own one. When we were looking, our choice seemed to come down to this. We could afford to buy a 20+ foot house and use it as a triplex + rental or we could pay less for a 16 foot house and have the whole place to ourselves. We chose the latter and have been happy with the choice.
Yes, serious tilt upstairs that kind of needed to be dealt with asap because the doors don’t close. Also, the main staircase was separating from the wall. I’m not trying to screw things up for the owners but with all this debate these days about what the site should be, this is what I think the Brownstoner community can be great for: buyers sharing valuable info with each other that no broker will ever tell you. And that said, let me say that the listing agents from Warren Lewis were incredibly nice and honest. That’s probably why they lost the listing to the Evil Empire!!!
i agree with West. I saw this a few months back. Narrow and needs updating. Tilting floor? it felt very narrow on the top floor or maybe that was because of too much junk around
Well, actually…and I’m 99% sure it’s the same place –This is a listing that Warren Lewis had for months. I believe it started at 1.795, then down to 1.695…and now here it is at Corcoran. I was interested in the house, even brought a contractor and I can tell you, it needs updating. You’d want a new kitchen, new bathrooms, and there’s no bathroom on the top floor. The owners seem really nice but this to me is a case of people saying, “hey look what the guy/gal next door got! I should be a ble to get “X”.” But the deal with this house is that nothing has been updated in twenty years easy. Not the stuff I mentioned, nor the electrical, nor the plumbing. Zilch. I agree that everyone should be able to cash in somewhat, but to my mind, you get out what you put in…the owners could barely be bothered to straighten up the place so it showed well.
Considering what the contractor told me, it was going to need, I was going to offer 1.4. Not that I would necessarily have gotten it for that, but I knew I was looking at a couple hundred thousand to upgrade (in fairness, I wanted to make it into a triplex with garden rental). And it does feel narrow inside. Although, cleaning up upstairs, taking some furniture out, would have gone a long way toward helping that feeling. It just got my goat that people feel like that they can put in no effort and all and make a fortune (but that’s probably just because I spent a bunch when I put my apartment on the market.). In the end, I held onto my money for a couple months and bought a big house in Ditmas. Apples and oranges, I know. But I had to ask what I was getting for my hard-earned $$.
Looks like a nice house, too close to the school for my taste, but not a bad deal.