House of the Day: 371 Carlton Avenue
Guess it’s not all champagne and bidding wars in Brownstone Brooklyn these days. After about five weeks on the market at $1,895,000, the bricktownhouse at 371 Carlton Avenue has received more than a 10 percent price cut to $1,690,000. Before everyone leaps into hysterics and declares the sky is falling, however, it’s important to note…
Guess it’s not all champagne and bidding wars in Brownstone Brooklyn these days. After about five weeks on the market at $1,895,000, the bricktownhouse at 371 Carlton Avenue has received more than a 10 percent price cut to $1,690,000. Before everyone leaps into hysterics and declares the sky is falling, however, it’s important to note that this is not your standard Fort Greene brownstone. It lacks the grandeur that full stoop brings (though, to a family with small children, this could be seen as a big bonus) and it’s only three real floors of living space; it’s also a three-family, so it doesn’t fit the profile of the most common house hunter. While the interior has lost some of its moldings, the fireplaces and woodwork is intact and the house appears to be in very good overall condition. This big cut should stir up interest, we’d think.
In related news, did anyone else notice that 387 Hancock (discussed here) is back in contract?
371 Carlton Avenue [Corcoran] GMAP P*Shark
371 Carlton Avenue Reduction [natefind]
The location might work for someone with big bucks who works nearby. Like…um…a professional basketball player. (after remodeling)
Bed Stuy house in contract…wonder if they got anything close to the million ask?
The point being that the buildings on Park Avenue actually are right next to the townhouses on the side streets…AY is a good 4 blocks removed from the house in question on this blog string. Your argument is banal and facile…
4:10…Are you a renter? Come on, please level with us. Where do you live? It so helpful to have some background to help illuminate people’s comments. I live in Cobble Hill. I totally agree with 4:35. Do you think the density of apartment buildings on Park Avenue depressed the prices of houses on the side streets?
Nope. I didn’t think so.
Oh, snap!
I live in greenhouse and acutally saw the property. It is well overpriced, with small units and needs work. The boiler may even need to be replaced as the basement is a disaster.
And for the record this has nothing to do with AY. Nothing. This a great block in a prime location. Sit back and watch property values rise just like the have all over NYC.
Anon 4:10 is a dumbass with an agenda. There are many reasons to oppose AY, but falling property values is not one of them. — like 20,000 people moving into Tribeca and Battery Park City depressed real estate in lower Manhattan, right?
If this place were four real floors at that price, it would already be in contract. The extension on the first two floors helps, but isn’t the same as a full fourth floor.
“i personally think those that think AY has something to do with this are insane.”
This is what I’d be trying to make myself believe, too, if I lived in this neighborhood. And if you think the property values are going to drop now, with construction, just wait until 20,000 new people move in.
How quickly can property values fall in a vacuum? We’ll find out in about fifteen years.
Once AY is build the fast moving traffic will not be a problem.