303PPext.jpgAs 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


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  1. the Atlantic Yards Effect is going to be rapid appreciation in value for PH real estate — especially properties a few blocks away — say anything at St. Marks or below — that will benefit from more services on Vanderbilt & Washington, but will feel little or no impact from construction. Ive lived in one of the largest brownstones on one of the prime – prime blocks in PH since 1999; the discount to PS has held constant at about 25-30% for comparable properties on comparably situated blocks — In 1999, a park block 4 story single or two family in PS was about $1.2M and about 850 – 900K in PH on Prospect, Park or Sterling west of Underhill. Today that house is $3M in PS and about 2.2 in PH. A three story frame house south of 12th St and west of 5th in PH is about $1 mil and in PH, on Bergen or Dean east of Underhill is about 750K

  2. I agree. I really like P Heights. My take on “funkiness” comment is that P Heights feels more hip and young, less granola/crunchy/old hippy than many parts of “prime” Park Slope. I like the Slope as well, but different neighborhoods do have different vibes. I live in Clinton Hill for disclosure’s sake.

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