House of the Day: 855 Jefferson Avenue
The reader who flagged today’s HOTD for us thought that it was significantly overpriced at $1,150,000. While we doubt the seller (who also happens to be a Fillmore broker) will get his ask, we bet he’ll get within 10 percent of it — not too bad of a return considering he paid $499,000 back in…
The reader who flagged today’s HOTD for us thought that it was significantly overpriced at $1,150,000. While we doubt the seller (who also happens to be a Fillmore broker) will get his ask, we bet he’ll get within 10 percent of it — not too bad of a return considering he paid $499,000 back in the summer of 2005. The brownstone house (we’re guessing 1890’s) is stunning both inside and out, though the jury’s still out on the new kitchen. And while we’re not familiar with the block off the top of our head, the neighboring houses appear to be of equal architectural pedigree. Any recent comps or insider info on this place?
Listing #706047 [Fillmore] GMAP P*Shark
855 Jefferson Avenue [Craigslist]
Photo by Gregg Snodgrass for Property Shark
home is beautiful but 1.1mill in this side of the stuy might be a stretch. Especially if homes next door are crappy I dont see how this purchase makes any sense.
Longish comment was me, which is probably now out of order, and will appear after this one. I have a lot of trouble with Typekey holding onto my sign ins. Always seems to lose my first post, even though screen says that I am signed in. After that, it’s fine. Any suggestions?
Thank you, SuperAnon, you beat me to it. Well said.
Let’s talk house here. This is a beautiful building with amazingly intact stonework trim, roofing tile, and gargoyles. Wow. Over 100 years old, and looks great. Can we agree that they certainly do not make them like that anymore? This house also looks like it’s been well cared for over the years. Nice restoration, too, even though kitchen is not my style, but that has no bearing on anything. I love the light fixture in the Craiglist ad. Good stuff, all.
Well then is correct about that pocket of Bed Stuy. Nice houses, quiet, tree lined blocks. But pretty far out there. I must agree that the house is vastly overpriced. A larger four story house, also brimming with period details on Hancock, a block over and maybe 5 blocks closer to downtown, stayed on the market for almost a year, and finally went for $950K or so. It was a house of the day twice. The Hancock house is three subway stops closer to Manhattan, and the house is much closer to banking, grocery shopping, etc, as well as closer to other parts of brownstone Bklyn, and is in arguably a better part of BS. If it took that long to sell, how could anyone doing comps try to get a million-five?
I really think that this kind of inflated pricing is dangerous to a neighborhood. First of all, it’s not realistic, and it’s destabilizing. Most of Bed Stuy is not ready for that kind of pricing. It makes people focus way too much on what is not there yet, rather on what is. It’s hard enough trying to sell to people, when the sight of a black teenager sends them into cardiac arrest, and people are more than ready to accept as fact that “stick up kids” hang out on the corner, even when only mention of such comes from a poster who can’t even spell Ralph (“Ralf”???????) Avenue.
home is beautiful but 1.1mill in this side of the stuy might be a stretch. Especially if homes next door are crappy I dont see how this purchase makes any sense.
You guys pulling the race card are so comical. I certainly have no problem with other blacks, especially since I’m black myself. Moreover, I don’t have a problem with any race, as I make it my business to embrace people of ALL races, not just my own. You don’t have to remind me because I grew up playing the same things you did. My reference to the kinds in front of 853 was just further proof that it may be a group home, and that was all to it. Propertyshark indicated that it was a city residence. I personally don’t know anyone white, black, or purple that will spend anywhere near asking for that house.
My issue is that the broker doesn’t have a clue when it comes to pricing, and if he isn’t also the owner he’s doing a disservice TO the owner. I live about 5 minutes away from this house and can say first hand that it ain’t worth it. Like I said before, good luck to the seller, for the stick up kids are out to tax. 1
People I know who live in Bushwick
50 year old sculptor
28 year old yuppie
37 year old gallery owner
26 year old bartender
23 year old painter
33 year old high end furniture designer
This only 22 year old hipsters moving to Bushwick is OLD. I love how all of you yuppies think that everyone has a lifestyle like yours or would want one. Simply not true.
“Kids in front of 853 Jefferson? Oh my goodness!! How dare friends congregate and fellowship on their own block! The outrage!!” Where else should they be? On 42nd Street? LOL!
Would kids hanging out on a brownstone stoop be pause for alarm in Park Slope? I grew up in brownstone Brooklyn and that is exactly what kids did on thier block. The guys would play skelly, stick ball, and football in the streets and little girls would jump double dutch on the sidewalks. The older kids more often then not would spend their summer days playing spades and bidwiz on brownstone stoops all the while chit chatting with passing neighbors. Outside of firm evidence that this property is located next to a group home, I don’t see the problem here unless you suffer from some acute phobia of living in a nabe with black children.
SHPDE
What is even funnier is that the owner is the broker. I visited the house a while back, and it is a truly remarkable restoration job. However, like everyone says, 1.1 million doll hairs for a home this far out is a stretch. Nonetheless, as a supporter of capitalism, I hope he gets his asking price. I am not sure that a homeowner on this board would turn down a seller who wanted him to pay 200K+ more than the market value for his/her home.
That being said, the true problem in this case is matching the potential buyer with the seller…the stick up kids are right on the corner…
What I find truly amazing is the house next door (853 Jefferson Avenue, the red house.) According to the records it is a “city residence.” Upon further research (propertyshark..lol) I found a picture that has about 8 kids hanging in front of 853 Jefferson. Could this be a group home right next door to a million dollar home. WOWZERS.. Now you tell me…
I have a strong disliking for RE agents that overprice a house because of greed. They’re certainly not doing the owner a favor since anyone interested might just stay away simply because the asking price is just plain crazy. I look at the asking price and laugh, and for some reason I’m inclined to think of the owner as a lunatic since he has allowed the broker to do this.