House of the Day: 30 South Portland Avenue
Brownstones on South Portland Avenue in Fort Greene don’t become available all that often—if you lived there would you really want to move? This house at 30 South Portland has been in the same hands for 30 years. The house, which appears to be in tip-top shape, has had a number of alterations over the…
Brownstones on South Portland Avenue in Fort Greene don’t become available all that often—if you lived there would you really want to move? This house at 30 South Portland has been in the same hands for 30 years. The house, which appears to be in tip-top shape, has had a number of alterations over the years, especially on the rear of the house. The house was shown for the first time yesterday, according to the broker. How do you think the asking price of $2,600,000 will go over? It can’t be too far off the mark given that a house on nearby Washington Park went for more than $3 million earlier this year; another one was listed for $3,100,000 a few weeks with Corcoran but is no longer on the market. Anyone know what happened to that one? Update: Make sure you check out the very detailed description that one commenter who knows the house very well made at 6:50 pm.
South Portland Landmark [Brown Harris Stevens] GMAP P*Shark
This area has improved dramatically over the past twenty years and is now considered extremely desirable. There is no reason why they should not get their asking price or more, especially since the income from the large rental unit will be substantial. It is a very attractive block; a movie set brownstone block.
I’d take this over the carriage house on Vanderbilt anyday. And as someone who owns a 1 br in a brownstone quite near the footprint, I have to tell you folks that selling to get away from AY is very much in the air. I hear it at open houses, I hear it from friends, I think about it myself. It’s the boondoggle of the century and can only end badly.
It’s not entirely hypothetical. I know two people in Ft. Greene who’ve sold citing AY as one of the reasons (not the only reason, but an important reason nonetheless). I also know someone in Clinton Hill who is thinking about selling, again in large part because of AY.
I also know a broker who has had quite a number of people come to him wishing to sell because of AY. So yes, it is indeed happening.
What do you think of this compared to 211 Carlton? (August 3 Open House Pick) http://www.elliman.com/Listings.aspx?ListingID=873816
Wow, amazing how dogmatic people can be. 2:52 seems to be the only person with a moderate viewpoint—instead of either “everyone will sell, prices will collapse,” or “this won’t affect anything, all five of my friends aren’t selling, so there won’t be any effect at all.”
AY + the sub-prime issue and the shaky economy at large… I think we will see some decline… but probably nothing catastrophic.
The AY discussion is 100% hypothetical and utterly absurd. I own a house in the ‘hood and chat with my neighbors daily. Not ONE has EVER mentioned selling due to the project. All anyone talks aobut is their latest house upgrade/repair/renovation project and how much they love FG and so on. Enough with the everyone-will-flee B.S. please — take it to another thread.
On a more interesting/relevant note, has anyone been inside 30 South Portland? It looks lovely and I’d like to know more details. What’s up with the unusual layout on the 4th/5th floors? Are the kitchens and baths decent, i.e. relatively modern? Do tell!
10-20 years of construction and associated congestion will make a lot of people sell. It remains to be seen what that does to prices but several hundred million tons of construction material being driven through our streets 24-7 might be midly irksome to some folks.
And I’d avoid cherry-picking locales. One, UES towers weren’t all built at the same time on such a small footprint. Two, there are no nice brownstones near MSG – and we’ve got that being built as well. Three, yeah I’m annoyed that my tax dollars are lining Ratner’s pockets.
I agree with anon 2:22. I live relatively close by and I don’t know anyone that is selling because of AY. I think there will be more of amenities. And if like the first troll said that place ever goes for 500k I’ll be first in line…ah to dream.
Regarding AY: More residents and commercial space may mean that transit is more crowded but you also have more patrons for all the things that make neighborhoods like Ft. Greene great. I would expect more “great little restaurants” and other boutiques etc. Sure parking may be a problem, especially when the stadium is in use but they will be including a lot of garage spaces for that purpose and I would expect a lot of the fans to use mass transit. So on the whole, I do not see that wonderful neighborhoods like Ft. Greene will see prices drop because of AY. Just think about the lovely brownstone blocks on the UES located only blocks from dozens of highrises on 2nd and 3rd Aves.