House of the Day: 1087 Prospect Place
This double-duplex house on a dead-end block of Prospect Place in Crown Heights just hit the market this weekend and won’t have its first open house until next Sunday. Unfortunately, there aren’t any interior photos up yet. (Update: Photos are up now but aren’t very conclusive.) The listing references the fact that the house (which…
This double-duplex house on a dead-end block of Prospect Place in Crown Heights just hit the market this weekend and won’t have its first open house until next Sunday. Unfortunately, there aren’t any interior photos up yet. (Update: Photos are up now but aren’t very conclusive.) The listing references the fact that the house (which is one of four identical ones from 1912) is on a “Model Block” from the 1960s, which, combined with the fact that it is bounded at one end by Brower Park, makes for a quiet residential vibe. Also, since this was originally designed as two separate duplexes, chances are that they work nicely as such. One potential negative: There are projects a block away. We’re unaware of any recent comps —and have no idea what the interior’s like—so your guess is as good as ours about whether the asking price of $849,000 is reasonable. Perhaps someone has been inside?
1087 Prospect Place [Corcoran] GMAP P*Shark
$815,000 and still no takers
House does not need a gut reno. Needs some carpets pulled up, new appliances and some upgrading to kitchens and baths. Structure is sound, mechanicals said to have been upgraded recently (newish boiler & hot water heater, roof looks good).
People who make statements like that (“needs gut reno”) are completely ignorant. Go buy yourself a glass condo in Manhattan.
I am one of the transplants from Manhattan and we love our house. And it was affordable and now we have money to renovate it slowly and still go on vacation…
Everyone, please note that none of the posts made in my name above are genuine. They are all forgeries.
It looks like someone’s mommy left them unsupervised again.
Brower Park is a total dump. Not even worth getting worked up about.
Let’s see if the home sells and at what price.
i want to buy 8:26 a beer.
btw – i live directly accross the street from this property.
The nabe has its strengths and weaknesses. I’ve lived here for over five years. Different people will weight them according to their respective worldview. But, anybody that ignores affordability will be surprised by what happens to prices. In the new (what’s old is new again!) mortgage world, who will be able to afford a $850K house? Even with the income from a rental, I think you are looking at households making over $150K/year with $160K in a cash for a downpayment. That’s way above the median income and cash assets of New Yorkers. The recent price run ups were mostly due to easy mortgage money, not the realization that there are nice old houses here. The run up in prices in Crown Heights has been mostly from “native” buyers from the Chassidic an African American communities, not exiles from Manhattan, although there have been some new blood moving in. Amother point, people leaving Manhattan for more space, etc., will always weigh the suburbs with Brooklyn in making a housing decision. The recent housing boom made the whole tri-state area very expensive. That will also change.
Sorry for the double post.