House of the Day: 53 South Elliott Place
On the heels of last week’s 3.5 million listing on Vanderbilt Avenue, Jerry Minsky is back with another blockbuster at 53 South Elliott Place. The Italianate brick one-family has lots of original details integrated with a very tasteful modern update. It’s a great house but the asking price of $3,700,000 sounds nutso to us. The…
On the heels of last week’s 3.5 million listing on Vanderbilt Avenue, Jerry Minsky is back with another blockbuster at 53 South Elliott Place. The Italianate brick one-family has lots of original details integrated with a very tasteful modern update. It’s a great house but the asking price of $3,700,000 sounds nutso to us. The highwater mark for a normal-sized townhouse (this one’s 3,600 square feet) in the nabe has been set at $3 million—and that was in a better location. The east side of this block (where this house sits) falls within the Fort Greene Historic District (map here). The other side of the street is not landmarked; it also includes the Brooklyn Technical High School, not exactly an enhancer of real estate values. We’d argue that, despite how lovely its interior is, this place should fall well short of that number. A price of $2,700,000 seems possible but $3,700,000? Sheer lunacy. Then again, we’ve learned our lesson about doubting Minsky. Remember 369 Grand Avenue?
53 South Elliott Place [Corcoran] GMAP P*Shark
OK, this is weird:
– http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=746311
If you click around the site, this listing will appear in the “My Recently Viewed Properties” section at the bottom of the page. The stats given are this:
Estate on Park Block in Prime Fort Greene. This townhouse was erected in the early 1860’s. In 1862 No. 53 South Elliott Place was purchased and only three owners later this rare opportunity is now available once again. A true show stopper. The correct purchaser will be thrilled to have this Italianate Townhouse steps to 14 subways, the park and minutes to Manhattan.
$1,650,000
16 Rooms
Bedrooms
Bathrooms
3,600 Sq. Ft
well stated by 3:48 but I think demand will remain stronger than he/she thinks for prime Brooklyn RE. So, so, so many people–fairly wealthy people–are pretty much priced out of places like Cobble Hill and PS (north)…they will suck up anything they can get as price pressures mount. Especially 2 bedrooms, though maybe not the Brownstones heretofore favored by uber rich bankers and lawyers. Less-prime areas, like FG or Clinton Hill might suffer steeper declines, IMO.
FWIW, I work at a large asset manager. We’re behind on our flows targets but still looking at record profits ytd, so bonuses should be fine. Our bonus pool is likely going to be bigger than last year, and last year was a blowout.
8:38: If you “don’t want to even hear comments…” blah, blah, blah, get off this message board. You’re taking it quite personally? Are you the owner? 3.7 million for ONLY 3600 square feet in a fringe nabe is crazy. You can get 5000 sq. ft or more for that dough in the more established and higher-valued neighborhoods of Bklyn. It’s not about being wasteful, indulgent, etc.. it’s about what you get for your money. Stop whining.
It’s just a joke. I don’t really like her but your point is well made and I do hate that moronic ass in the White House. I think that we can safely say that we will all celebrate his exit. I’ll buy the drinks!
If you plan to celebrate by leaving the country 11:44 if Hil wins, I’m terrified that you choose to stay here for the past 6.
TERRIFIED.
“Commenters on this blog are like weathermen. You can be wrong EVERY TIME and still babble on every day as if you have some authority.”
I love these comments. And how are you completely different?
“Hilary wins this thing and many will be elated and go out and buy themselves a present to celebrate.”
In another country.
It’s not just financial services that is in danger. It’s all jobs. All jobs will somehow be affected by drops in tax revenues, consumer spending, etc. Since unemployment is a lagging indicator (behind worsening economic results/revisions), few people are worried about it.
I don’t even want to hear comments from people who think 3600 sf is small. Unless you have 6 kids or more.
Otherwise you are a wasteful, disgusting slob.
Doesn’t matter, I also heard that they received an offer or two.
Commenters on this blog are like weathermen. You can be wrong EVERY TIME and still babble on every day as if you have some authority.