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]
Sorry, but they have the same old townhouses, same fireplaces, everything, that you folks love in NYC in Allentown for less that 200k. I’ve seen them.
So much for feeling superior!
5:38
Actually that listing is two houses on the same lot. Just saying….
Woops – 6:48 here. Here’s the link to the Allentown house.
http://media.rapmls.com/lvarmls/listingpics/tmbphoto/048/269048.jpg
Yup, 6:16, here’s a townhouse in Allentown that’s got to be at least a 25 footer. http://media.rapmls.com/lvarmls/listingpics/tmbphoto/048/269048.jpg. Good point!
5:38pm,
you can still get a Federal style 1855 25 foot wide brick townhouse in Allentown, PA (hour and half drive from nyc) for less than 200k.
what’s your point?
Why not 100 mil 2-beds and $75 pints of beer? If ya can’t pay, stop using air other people need, won’t you?
Thank God somebody’s got the decency to lead the cheers as we go ever onward and upward.
for all of you that think this price is absurd, check out curbed.com today.
yes, this townhouse (see below) is in the west village, but come on…
makes this place literally look like a bargain basement price…
that’s how brooklyn is able to ask these prices at this point in time.
What/Where: Townhouse, Bank btwn W. 4th & Bleecker
Square Feet: n/a, but see floorplans after the jump
Asking: $13.9 million
Nuts
and more Nuts
what else is there to say?
I guess the bankers have to put their loot someplace!
The house went well above the asking price of $2.5 mln. Also, there was an inaccuracy in Brownstoner’s post. It was not originally listed for $2.775 mln. The original price was $2.5 mln, but it was mistakenly changed to $2.775 mln when pictures and floorplan were posted last Wed.
In any case, there were several bidders and it went well above ask. Those are the facts. Also, I would note, the house needed a total gut renovation. There was just about no original details remaining other than the marble mantles, stairway banister and spindles, and some crown moulding on the parlor floor. It definitely looked better from the outside than the inside. The backyard was raw and needed landscaping, although it was large and had great potential.
If you figure $250/sf construction cost for a reasonably high end renovation, you have to add $1.1 mln plus architectural and other fees to the price plus the cost of financing during construction. In the end, the buyer of the home will end up paying around $4.5mln if they choose to do a high-end job. However, I do not know the final price, so that number could actually be higher. (One poster above said that it went above $3mln. If so, then the final cost of the house could be higher than $4.5mln if they do a reasonably high-end reno.)