House of the Day: 155 West 9th Street
You can’t blame him for trying, but the owner of this three-story brick house at 155 West 9th Street is dreaming if he thinks he’s going to turn his $422,000 investment from back in 2004 into the $1,200,000 pot o’ gold he’s asking on the place. The house is being pitched as an owner-occupied three-family…
You can’t blame him for trying, but the owner of this three-story brick house at 155 West 9th Street is dreaming if he thinks he’s going to turn his $422,000 investment from back in 2004 into the $1,200,000 pot o’ gold he’s asking on the place. The house is being pitched as an owner-occupied three-family house. There’s a tenant in place on the top floor (paying an undisclosed rent), an empty second floor apartment, and the owner is supposed to live on the ground floor and basement (and this is a real basement, as in totally below grade). As for the interiors, a generic renovation, complete with beaucoup de recessed lighting has been done. Not offensive but hardly the thing house hunters’ dreams are made of. What do you think the market-clearing price on this place is?
155 West 9th Street [Awaye Realty] GMAP P*Shark
Exterior photo by Kate Leonova for PropertyShark
thanks 4:39 – I’ve actually lived in the hood for 8 years, but appreciate the welcome. 4:37 – please – someone has to mock these outlandish prices. There is a level of greed and delusion that deserves to be mocked.
cool. welcome to the hood. good luck with the reno and count on spending a bit more than that, just to be safe.
Apparently you CAN blame him for trying. I hope someone mocks and degrades your house, Brownstoner, when you feel like selling.
not listed with major broker, 3 floors,15.5x 34 interior dimensions (17×36 exterior) with plenty of FAR, fixer upper but not a scary one. (total reno will probably come out to about 45k – granted not a fancy reno but includes knocking down some walls, a fair amount of new electric and plumbing, 1/2 bath, new kitchen (ikea) etc etc) Zoned for ps 32 which is probably why the cheaper price.
3:23 – Care to tell us size of house you bought (#floors, width, depth), condition, #units, etc. And was listed by major broker? So to fairly comp this place (granted almost any block is nicer)
What’s wrong with beaucoup de recessed lighting?
3:18 – I just bought a house in CG for less on a MUCH nicer block. Really, have you been on this particular block? Hard to imagine it’s that bad, but it really is (and I grew up in Hell’s Kitchen during the crack epidemic).
I agree with 2:19 and the above poster. Not sure why you think this is such a pie and the sky price. I can’t tell exactly how inflated you think this price is, but you are not going to find anything in the neighborhood for less than that. Given the above mentioned negatives, foot and car traffic etc., I would say that it might be about 10% over priced. Also depends on how desperate the seller is because with the uncertainty of the market this house might keep nervous buyers Awaye for a while.
½ block from BQE
½ block from Hamilton Ave tunnel traffic
½ block from the stinking Gowanus Canal
1 block from an oil depot, scrap yard and cement plant
Streets littered with crack vials and needles (look on the ground under the F train overpass on Smith)
Lots of foot traffic from beautiful Red Hook projects
Where’s my checkbook?