House of the Day: Willow Place on the Cheap
The same person has owned this brick townhouse at 39 Willow Place in Brooklyn Heights since 1974, which might explain why it’s priced so cheaply. The photos in the listings, however, show that the house is in decent shape, though certainly lacking the jaw-dropping interiors of some houses in the area. Still, $2.5 million for…
The same person has owned this brick townhouse at 39 Willow Place in Brooklyn Heights since 1974, which might explain why it’s priced so cheaply. The photos in the listings, however, show that the house is in decent shape, though certainly lacking the jaw-dropping interiors of some houses in the area. Still, $2.5 million for a 25-footer in Brooklyn Heights? Not only that, but the price was dropped from $2,775,000 within ten days of it hitting the market earlier this month. What gives? What’s the catch?
39 Willow Place [Brown Harris Stevens] GMAP P*Shark
Price Cut [Natefind]
I’ve been saying prices in NYC would fall for years and it hasn’t happened. Does that mean it won’t happen? No, it means it hasn’t happened yet.
3 million for a fixer upper in Brooklyn Heights is plain wack. Try to rent the place and you’ll still be out of pocket at least 10k a month towards your mortgage.
It’s nuts plain and simple.
It’s all about the commute. Lots of Park Slope folks spend about an hour commuting to Manhattan.
100,000 people live in Allentown and even more in neighboring Bethleham. What’s your point?
Are folks who live outside NYC not people?
It takes me 25 minutes, door-to-door to commute to my office from (north) Park Slope.
Who the *(*^ wants to live in Allentown?
Allentown is an hour and a half drive from the city. It takes an hour for many people in Park Slope to commute to their jobs in Manhattan.
Allentown isn’t that bad. It looks like most of Brooklyn. Certainly your odds of getting mugged are about equal in either local.
I agree location, location, location . . . that’s why the house in the West Village is priced so much higher than the one in Brooklyn. Ten years ago the price ratio between the two was about the same.
If you think somebody is getting a deal in Brooklyn buying that house, you’re nuts. Three million (plus a million to renovate) AND a commute!!! Are you kidding? In the West Village you can roll out of bed and be in the best neighborhood in the world by stepping outside.
I love Brooklyn, but I’m no sucker.
comparing houses in brooklyn heights to allentown is absolutely assinine! what are you talking about? you’ve never heard that real estate is about location location location? no one wants to live in pa. it’s a dump. there’s a reason why the places are 200K. most of the people are missing a chromosome, there’s very little to do and it’s in one of the most horrible states in the u.s. have you ever BEEN to allentown? most of pa looks as if it were designed by elmer fudd.
and i believe the point about the west village place was not necessarily that it should be 13 million or whatever, but the fact that literally less than a mile away you can find a great one for 3 million in a superb neighborhood, i don’t think it’s that bad.
all relative, of course.
quit it with the allentown talk. it makes you all look like fools.
25′ Brownstone on Willow Place goes for $3mm. If it were in any other part of Brooklyn Heights it would easily sell for over $4mm.
Why? Put 2 and 2 together.
Here’s a cute one in Allentown that just sold for under 135k.
It’s small, but I often see houses twice as big for closer to 200k that look just like the one discussed here but with much more detail. Check out this cheap house. Moldings, doors, and fireplaces are on par with the stuff you folks claim is worth millions!
Somebody is getting seriously ripped off!
http://www.trulia.com/property/1033352710-321-N-Franklin-St-Allentown-PA-18102
And Billy Joel wrote songs about them both! And I can tell you the Piano Man knows Allentown Man doesn’t want him around, anyhow. Maybe with all one could save you could afford a helicopter share in Pennsy, but unfortunately Allentown comes with the lovely house.
Lived on State Street, just by Willow for 15 years. Never heard of the subway being an issue – BUT is the BQE noise heard?
Even so, for a 25 footer in the Heights, that’s a very low asking price.