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
I’m not sure what planet everyone lives on that they consider 3600 sq ft small. Maybe in mcmansion land it is, but not in good old nyc. I do have friends in Manhattan in 2 mill apts who are having more children and thinking of brooklyn. for these people maybe, with at least 1 mill liquid after selling and a healthy trust fund, this type of house would be appealing and seem relatively affordable. However, have to agree that fort greene is not as appealing to many people as bh, cobble hill, carroll gardens and – shudder as i say it – park slope.
Someday this war’s gonna end. That’d be just fine with the boys on the boat. They weren’t looking for anything more than a way home. Trouble is, I’d been back there, and I knew that it just didn’t exist anymore.
Captain Benjamin L. Willard – Apocalypse Now
3:48 Right on brother!!!
The What
10:32 – thanks, right back at ya!
8:10 here. Was referring to the areas that are often yakked about on this site. I am an agent. But don’t blame me for keeping the prices up on purpose through hype here. I don’t know that I care whether things keep going up so rapidly or not. If you sell you probably are going to be buying somewhere so the market is all connected in a lot of ways, since I don’t see a mass exodus from Brooklyn. And anyway most people can’t cash out because they need a roof over their head. Although there are certainly scenarios where prices go down. Hasn’t happened yet. But I don’t think the financial services sector will affect things all that much. Although I hope you guys all get to hang on to your jobs as long as possible for your sake.
I highly doubt this place got any offers. If so, then there are many suckers in this city.
I have heard, however, that there are multiple offers on the 30 South Portland Street house priced at 2.6 million. That house is worth it.
Play the “Guess who 10:10PM is” game. Choose one:
1. Seller’s broker
2. Any broker
3. Seller’s broker’s mother
4. Seller’s broker’s spouse
5. Crackhead
I just heard they’ve received two offers today.
Thanks, Brownstoner!
This site sells properties, if nothing else.
I look forward to seeing the final selling price.
considering all the effort that went into staging this place, I find this pricing strategy insane. haven’t we seen enough episodes of Flip That House to know that the number one rule is NOT to overprice! What’s that saying? Pigs get slaughtered.
8:10 – I’m assuming you’re a broker based on your “our areas” comment. What areas do you cover?
To your point, the financial services sector may not be the direct driver of Brooklyn demand, but it is a huge component of Manhattan demand, which in turn then drives Brooklyn demand.