House of the Day: 303 Park Place
As we’ve saying for a while now, prime Prospect Heights is where it’s at. The nicest brownstone blocks match up to just about anywhere in terms of charm, there’s a funkiness that is completely missing from Park Slope and the houses are, what, 30 to 40% cheaper? As a result, a house like 303 Park…
As we’ve saying for a while now, prime Prospect Heights is where it’s at. The nicest brownstone blocks match up to just about anywhere in terms of charm, there’s a funkiness that is completely missing from Park Slope and the houses are, what, 30 to 40% cheaper? As a result, a house like 303 Park Place, even though it’s relatively small, will have buyers lining up, we think, to pay the asking price of $1,595,000. Especially when you take into account the 131-foot-deep lot and the surfeit of well-preserved details in this place. Agree? The first showing’s not til May 17th.
303 Park Place [Brown Harris Stevens] GMAP P*Shark
6:39pm is right on the money. Very well put.
Regarding the Corcoran Carlton Avenue listings (there are two between Dean and Pacific) — the prices are great for the space. We went to see 532 Carlton a couple weeks ago: the layout’s perfect, the floors are cheap-home-depot but the rest of the details are nice. And it is AMAZINGLY priced, at $440 a square foot.
I’m not even afraid of the AYE development that will come across the street. Even if it’s 20 stories, the streetwall will be only 6 stories or so. But the deal breaker for us was that until the new development comes in, that ENTIRE BLOCK is going to be one huge parking lot, with 1000 parking spaces. Ugh.
Brownstoner,
I have to wonder at your frame of reference regarding what constitutes a good deal in Brooklyn these days. Here we have a perfectly nice one family brownstone for sale at a bargain price of oh, about $11,000 per month!!! on a 30 year mortgage. Meanwhile yesterday you were giving that perfectly nice two family brownstone in Bed-Stuy a luke warm reception at all of $3,000 per month with the rental income. I’m beginning to sense a distorted picture of economics here, I mean, following the numbers; less than 1% of the U.S. population could actually afford this brownstone in Prospect Heights. I guess you will have a line of millionaires lining up for this one. Grey Poupon anyone?
I am amazed to read the comments from people who seem to think that Atlantic Yards development will have the same aesthetics and values as people who live in the neighborhood now. PH’ers want Delicacies and Soda and Beast. The developer are going to put in Applebees. They don’t care about us, they are catering to the people who go to basketball games. Not bad people, but not people who care about interesting restaurants and shops. The developers will put any garbage in that they think will make money – look at the mall on Atlantic. Chucky Cheese and wings joints. PH is a organic neighbor that grew over years with a certain integrated population and the commercial venues are owned by small business people who cater to our ecletic neighborhood. That will be gone with the wind when the big box stores and chains arrive. Look at big developments in NYC, look at Queens Blvd. They don’t have the kind of ambience we have. And what we have will be destroyed by Ratner and Atlantic Yards.
Frankly none of us can say if $1.595m is appropriate w/o seeing inside — and there are no pics on the BHS site. I agree with the previous poster: the brokers comments about “sprucing up” seem to strike a cautionary note about the condition of the house. Plus he admits it needs a new kitchen. I almost bought a house on this block in 1999 that was on the market for $450,000 so times have certainly changed. An identical house on this block sold in ’05 for about $1.7m (if memory serves) but it was fully renovated. Unrenovated, as this appears to be, I’d estimate a selling price of closer to $1.4m. There won’t be AY construction impacts in this location (too far South and East) but in terms of what happens on Vanderbilt during/after the building of AY, who can say at this point? There’s certainly cause for concern though I would expect Flatbush, 4th Ave and 5th Ave to bear the brunt of undesirable commercial development (fast food outlets, strip joints etc) — ie. points West, not East, of the arena.
Seriously, enough with the PH-bashing. It makes no sense. I live on the next block, can see the backyard of this house from here. Every house that I’ve heard of being sold on either block in the past couple years went for around $1.6M. Those were in excellent condition, can’t speak for this place. As to funkiness, we could use a bit more around here. It’s pretty sleepy. The vast majority of residents have been here for many years. The Park Place house is a block and a half from the Q, and three blocks from Prospect Park. Anyone who thinks this part of PH is substantively different from the best of Park Slope is living in 1989. (With the notable exception of the public schools.) Plus, the back yards on these blocks are enormous, far bigger than anything I’ve seen elsewhere in Brooklyn.
also:
I don’t see KFC’s sprouting on Vanderbilt being a by-product of the Atlantic Yards. The main foot traffic isn’t going to be people coming from the games, it’s going to be the 15,000 new residents living in the gehry-behemoth. And they’re going to want fancy places to eat. Vanderbilt is going to be planted down the middle, and mark my words in 10 years it will be like Smith St. or 5th ave.
The Carlton listing in FG is really nice, and a great location – prime. I wouldn’t be surprised if it got full price.
Speaking of Carlton: What about the Corcoran listing on Carlton in Fort Greene? Sweet, but $2.5 million?
PH is a wonderful safe place to live. It has a totally different vibe than PS–I think for the better–just my opinion. I do think it is funny that many responses to PH posts claim that PH is unsafe–THat was back n 1990. 27 years later is is a very quiet place….
I think the house is well worth the price