House of the Day: 12 Warren Place
We go from a 12.5-foot-wide house for $1,250,000 in the South Slope yesterday for to an 11.5-foot-wide house for $945,000 in Cobble Hill today. And while the South Slope house has about twice as much square footage, it can’t come close to comparing in terms of charm because the Cobble Hill house happens to be…
We go from a 12.5-foot-wide house for $1,250,000 in the South Slope yesterday for to an 11.5-foot-wide house for $945,000 in Cobble Hill today. And while the South Slope house has about twice as much square footage, it can’t come close to comparing in terms of charm because the Cobble Hill house happens to be located in one of the most charming spots in the entire city, Warren Place. Hopefully someone out there will be able to tell us what the highest price for one of these old Workingmen’s Cottages is. Given the great condition and quality of finish in this place, we won’t be surprised if the seller gets her price.
12 Warren Place [Brooklyn Bridge Realty] GMAP P*Shark
I think carroll Gardens and Cobble hill are the best areas in brooklyn i would die for this.
10:20–not a bad point but don’t you think it’s kind of a chicken and egg dilemma? maybe a good restaurant wouldn’t move into a neighborhood until there were residents nearby with the money, inclination, etc. to support it. and presumably the businesses do get something from the listings: more such residents. i don’t really know either, just thinking also . . .
I really agree with 5:16 about the mansion tax but it is such a cash cow for the city that they’ll never raise it but they should at least re-name it so it’s not so absurd..
I also have an idea that some of this tax or a new smaller tax should go to the businesses that the brokers and sellers are getting rich on the back of. Listings actually have photos of cafes like the great place on 11th St & 5th Ave. and they use these businesses in the listings as selling points. Restaurants, cafes, etc. come into a neighborhood and make the value of real estate higher and see no benefits from these elevated values. Let them form neighborhood associations that would see some kind of benefit from profits that are made from their sweat and equity. Anyway, it’s just an idea.
the BIG difference between this house and other apts, the henry st house, etc is that all of the rooms are 11 FEET WIDE.
I feel like I’ve been hearing $1000 psf is the going rate for the past 2 years for every single neighborhood in NYC.
the price isn’t that bad, a house on Henry St that was listed for $3.75 is in contract after being on the market for a few weeks. I imagine they got somewhere close to their ask and that house isn’t much more than 3 times the size of this one. it seems $1000psf is about the going rate for a move-in ready cobble hill one fam.
shouldn’t the mansion tax be raised since $1 million clearly doesn’t buy you a mansion in NYC!!! in Manhattan you can barely get a decent apt for $1 mill!
but 1000 per square foot is getting to be the average for the neighborhood, so i’m not following?
if this were an apt. all on one floor, i don’t think people would be balking at the price.
i’m seeing over a million for just a floor in a townhouse in clinton hill, so i can’t imagine a perfectly kept single family house not being “worth” a million or so in cobble hill, which i find far nicer in terms of neighborhood.
it’s interesting.
To me, it’s not so much the size but the price of the size. I attended a 2nd open house last night (and was told that the house already sold), but the broker let us poke around, and the house is indeed as charming as everyone says it is. For some families, it’s big enough, for others, no. But for me, over $1M for a space that size — be it if one person will live there or a family — is just too much money.