House of the Day: 197 Clinton Street
What’s in a name? A neighborhood name, to be specific? It’s an apt question when thinking about today’s house of the day. Located at 197 Clinton Street, the four-story family brick-and-brownstone building lies just a block south of Atlantic Avenue, placing it in Cobble Hill rather than Brooklyn Heights. Currently configured as a owner’s duplex…
What’s in a name? A neighborhood name, to be specific? It’s an apt question when thinking about today’s house of the day. Located at 197 Clinton Street, the four-story family brick-and-brownstone building lies just a block south of Atlantic Avenue, placing it in Cobble Hill rather than Brooklyn Heights. Currently configured as a owner’s duplex plus three rentals, the house appears to be in lovely shape. There have been plenty of sales in the area in the high-$2 millions but not a lot of houses this size have fetched this asking price of $3,500,000. Think it’s possible, especially given the mounting market fears?
197 Clinton Street [Douglas Elliman] GMAP P*Shark
This house has been on the market for over a year at that price and hasn’t moved. It’s over priced. I bought one down the street that was wider and deeper for half a mil less.
This has to be one of the most attractive properties featured here in some time.
Spectacular.
House is 22.5 feet wide. And this was HOD last August also when listed for $3.6.
Did seem to be off-market for awhile – who knows why – had buyer and deal fell thru? – got stale and decided to relist later?.
My guess is owner isn’t in any rush or have need to sell so will wait for price.
Probably a bit aggressive in price but there are fixer-uppers in area in high $2s.
This has large duplex on lower 2 floors, with 2 floor thru apts and 1/2 floor on top (not seen from front of bldg). Am sure rent roll is significant.
Good point Johnny. The block, in fact Clinton maybe four or five blocks deep at rush hour is already grid-locked. But that doesn’t mean some horror will befall the neighborhood with Atlantic Yards or congestion pricing for that matter. Traffic calming and a little policing of the grid and the aggressive horn honking will whether AY is built or not.
The NY Times cited a traffic study a year or so ago. Study highlighted areas that would be prone to gridlock due to AY. Atlantic Avenue – all the way to the water – was listed as part of the gridlock zone. Anyone that thinks that AY is only going to impact a small area around the construction is unfortunately very, very mistaken.
Oh, and about the house. Beautiful. But stand on Clinton at rush hour and listen to the horns. Parking lot. Doesn’t bother some people. Me, it would.
How wide is this house? I’d love to see the floorplan.
This DE broker is losing it. Check out her listings page. A $49MM rental property that probably produces a sub 1% cap rate, a $3MM carriage house that really isn’t a carriage house and house on the French Riviera – does PShark cover that location yet as comps are going to be hard to come by otherwise.
I want to know what color paint was used in the dining area. Love it.
Agree that 1 or 2 families (if the 2 family is a triplex and not a double duplex) are more valuable than 3 or 4, especially if renovated. So even if delivered empty, it won’t be as desirable, since reno costs are so high these days.
Also Cobble Hill has ps 29, so is more desirable than the Heights for families these days, although this house is zoned for another school, so doesn’t get that extra value.