House of the Day: 165 6th Avenue
The asking price on the four-story, two-family brownstone at 165 6th Avenue in Park Slope was just reduced by $100,000 only a week after being listed for $2,599,000. (Tough timing, what with the whole sub-prime crisis and all.) While some people might prefer to be on a side street, this is a lovely stretch of…
The asking price on the four-story, two-family brownstone at 165 6th Avenue in Park Slope was just reduced by $100,000 only a week after being listed for $2,599,000. (Tough timing, what with the whole sub-prime crisis and all.) While some people might prefer to be on a side street, this is a lovely stretch of 6th Avenue and a beauty of a house. All the original molding and woodwork appears to be in good shape (though we’re not so sure those parlor floors are original) and the owners have done a good job of getting it into sales form. It’s hard to say what the market-clearing price is these days, but it looks like a better bang for the buck to us than yesterday’s house at 86 Garfield Place. Agree?
165 6th Avenue [Corcoran] GMAP P*Shark
3:12 – when I saw it I told the agent it did seem narrower than 20, but they insisted and I didn’t have anything to measure. They told me 20 by 45 but it didn’t feel 45, and looking at the floorplan showed it was 40, which it is what seemed to me. I wouldn’t be surprised if it actually is 18 or 18.5. Some of the side walls are exposed brick (ie, less layers so you see more space) and still the house felt too pinched to be 20 feet wide… but in my experience, real estate people often don’t do their homework thoroughfully (or at all!) so i wouldn’t be surprised if it’s much smaller than advertised
is it really 20 feet? It looks smaller in the floorplan, no?
I saw the house a couple months ago – it may be in move-in condition for some, but my guess is not for anyone spending so much. I thought the parlor level was in good condition but definitely not the top two floors. The house is 20 feet wide but only 40 feet deep, so it feels considerably smaller than many (45 is pretty common and there are many 50 feet deep). The kitchen is really tiny and there is no room to have a 1/2 bathroom on the parlor floor. In my opinion it needs a fair amount of work, but the views from the back are lovely. Overall, I think it still is overpriced by at least 300k.
2:02 – Not to state the obvious but…people pay 2.5 mill for a townhouse in brooklyn when the same one would cost 10 mill in the city. 2.5 would buy you a nice two bedroom in manhattan, and you’d still probably have to pay for private school and parking.
I’m not saying that any of these prices are reasonable – we’re in a tulip craze of real estate.
2:36 Since when do desperately poor people EVER buy real estate ANYWHERE?
um….dubai is about 80% immigrant workers who are paid $300 a month.
if you think new york is the only place with rich and poor, you haven’t left the city too much lately.
How many desperately poor people live in Aspen or Dubai? Brooklyn is still primarily known world wide as the place where a million poor people of color live. Unfair and outdated as that may be.
Except 2.5 million buys you income producing property. It is more than just a home for the owner.
2:06:
In my opinion, 2.5 million goes beyond the upper middle class and right into the upper class.
If you look at the old census tracks, these houses were owned by dry goods merchants, hatters, engineers, teachers, factory foremen, and the like. How many regular merchants or architects or engineers could afford a 2.5 million dollar house today?
We’re talking the upper one half of one percent of the population, that’s the upper class.