House of the Day: 380 Degraw Street
Okay, let’s get the paint job out of the way upfront. You gotta wonder why the sellers of this brownstone at 380 Degraw Street didn’t spring for a more neutral coat of paint before putting the house on the market. If it were only one room, we could roll with it, but every room in…
Okay, let’s get the paint job out of the way upfront. You gotta wonder why the sellers of this brownstone at 380 Degraw Street didn’t spring for a more neutral coat of paint before putting the house on the market. If it were only one room, we could roll with it, but every room in sky blue? It’s a little much. With an asking price of $2,645,000, spending $10,000 to repaint a few rooms would have been well worth it, we think. While this is a great house in a great location overall, other aspects of the recent “modern” renovation were only partially successful as well: The shiny blond floors (which, to be fair, could be worse on camera than in person) and the choice of white paint for the exterior of the windows both aren’t working for us. The kitchen reno looks very good, though, and there’s lots of nice original detail still in place, like the crown moldings, door frames and bannister. There’s an open house on Sunday from 1 to 3. It’ll be interesting to see hear how this place shows in person.
380 Degraw Street [Brown Harris Stevens] GMAP P*Shark
can someone tell me what the Gowanus Flushing Tunnel is, and what it means that they are going to close it?
$912/sf? Really? Are there comps to support this number?
I like the blue. Perhaps better to do the stairs/halls in white, though, for re-selling.
Brillian retort. Ad hominem attacks are very intelligent.
All those that predicted significantly lower prices in 2006 were . . . absolutely . . . wrong.
Yes the posters who think this is expensive are out of touch with prices in the neighborhood. No way you can buy a similar house for more than a million dollars less than this in this neighborhood. This is not the top of the market by any means.
Posted by: Anonymous at April 18, 2007 3:46 PM
Monsieur Le Shill, what’s your hat size? You’ll look great in a Starbucks lid when the “correction” comes, pal.
There have been a couple of slightly less grand houses on 2nd St. and Hoyt recently for 1.4-1.5, and another comparable one on Union that looked a tad high at 1.7. He who zooms past that 2M mark will be underwater by next winter, if not immediately.
Why, of course, EJ. Who wants to stare down their glass of shiraz at the people in the “ghettomarts” and the “un-yuppie” Spanish folks doing whatever they do, as so was stated with so much panache by the well heeled at anon. 2:24? What a concept.
Gawd, the classism here is mind boggling sometimes.
I understand the house has offers. The market is crazy now.. they will get it
“It is amazing that people can be comfortable with this type of income gap right outside their stoop.”
Is that somehow worse than segregation of weathy and poor into different, separate enclaves?
2:44pm,
I agree completely with your analysis of this house and its price. You are the type of guy I’d like working for me. Unfortunately, I can’t afford to pay you more than twelve bucks an hour, so I don’t think it’s gonna happen.
Buyers of houses like this aren’t making rational investments. As an investment, houses like this make no sense. They’re for people with serious wealth who can weather the eventual drop in real estate prices and want to live “the life” immediately.
As my wise uncle (and successful real estate investor)used to say, “Real estate prices go up and down. Save up and wait. Eventually you’ll get a deal.” I’ve taken his advice so far and done fine.
I purchased several apartment buildings in prime Manhattan almost ten years ago that cash flowed from day one. I won’t pay these crazy prices because I know the market is bound to correct eventually.
Some of you folks will claim it’s different with a house you live in, but it’s not. That’s just an excuse. A rip-off is a rip-off is a rip-off.