House of the Day: 250 Lefferts Avenue
While in some ways it doesn’t really matter, it’s hard not to get hung up on the fact that this house at 250 Lefferts Avenue changed hands 18 months ago for just $495,000 and is now asking $879,000. We’re not sure how much (if any) work was done in the interim, but if it involved…
While in some ways it doesn’t really matter, it’s hard not to get hung up on the fact that this house at 250 Lefferts Avenue changed hands 18 months ago for just $495,000 and is now asking $879,000. We’re not sure how much (if any) work was done in the interim, but if it involved those kitchens, they should have saved their money; the house would show better with old run-down appliances than with these Home Depot specials. When you compare it to last Thursday’s HOTD, 181 Midwood Street, this place looks a bit overpriced, in our opinion, despite being a bit larger. While the Lefferts Avenue house was probably at one point on a par with the Midwood house, it appears to have had a tougher life. Luckily, some redeeming original elements survived and with some renovation CPR this could still be a very nice place. But it deserves a discount to the Midwood house of more than $46,000, we suspect. Agree? It would be helpful to know what the contract price was for 242 Lefferts Avenue just down the block.
250 Lefferts Avenue [Aguayo & Huebener] GMAP P*Shark
I think this place is way over priced. Its clearly a very cheap renovation. The parquet they used is awful (very clearly not the original and not very attractive). Cheap renovations to me are worse than a fixer upper b/c you have to figure the person renovating put in as little cash as possible into the house which means he probably never touched the mechanicals. So you will end up having to take out all that ‘renovation’ you are paying for to fix all the things that were left broken by the previous work done. Its sad too b/c this could be a beautiful place.
Lefferts Man,
ROTFLBSOOMN !
Sure, single family houses in LM are typically in better shape than the 2-fams nearby, and the streets in the manor are generally nicer. But the attractive thing about this place is that someone who wouldn’t normally be able to afford a house in this price range may be able to swing it with the rental unit. Makes it an attractive option, since landmarked legal 2-fams are hard to come by in this nabe.
I also agree. There is tons of sluge on this site. Brownstoner does so much to help us out, yet his work regularly goes unnoticed. I too admire his fortitude and persistence. He’s noble and selfless, and bestows so much goodness on our beloved borough without receiving the slightest compensation or reward.
do you realize that saying back to topic is like those most annoying kiss ass kids in elementary school that couldn’t shut their faces and had to kiss the teacher’s butt at every moment…
if you want to move back to the topic, just do it. announcing that you’re doing it makes you seem BEYOND childish.
Back to topic. I agree that the Midwood House is more undervalued than the Lefferts Ave House, and if I had the money, I’d go for Midwood Street. However, if someone is just starting out, the Lefferts Ave house provides the owner with a huge duplex plus a 1000 sq. ft. rental apartment, which could fetch well over $1500/mo., depending on layout.
IMO im LMA FWIW BTW FSBO is NIMBY
So YMMV with this HOTD in PLG
I think that maintaining this website means sometimes having to put hip boots on to wade through some of the sluge that makes it to this site. I admire Brownstoner’s fortitude and persistence to produce the site which contains so much valuable information and which provides a forum for Brownstoners to weigh in with their own information, experience, suggestions, etc. He even continues to dare to post on PLG. Imagine! Thank you.
It does seem like prices have started to uptick in PLG this year and there is still a lot of upside as people discover the nabe.
But that doesn’t mean this house is a great deal.
Even though some buyers might want the extra rental income from an apartment, I don’t think you can compare this block to the best in the manor, by any stretch.
I’d definitely take 181 midwood over this in a flash