House of the Day: 135 Joralemon Street
The house at 135 Joralemon has been of great interest to Brooklyn Heights residents since it was ravaged by a fire on the eve of 2005. After sitting untouched for more than a year and a half, the house was finally purchased in September 2006 for $2,400,000. The buyer must have been a professional flipper…
The house at 135 Joralemon has been of great interest to Brooklyn Heights residents since it was ravaged by a fire on the eve of 2005. After sitting untouched for more than a year and a half, the house was finally purchased in September 2006 for $2,400,000. The buyer must have been a professional flipper because the house was reno’d and on the market by early this past summer (after being featured on the Brooklyn Heights House and Garden Tour in May). After more than three months of no takers, the price was cut last week from $5,950,000 to $5,750,000. It’s all still pie in the sky for most of the buyer universe; we suspect that it’s not a big enough reduction to make potential buyers sit up and take notice. What do you think this place is worth?
135 Joralemon Street [Brown Harris Stevens] GMAP P*Shark
Recovery Underway for Joralemon Burn Victim [Brownstoner]
Ode to 135 Joraleman [Brownstoner]
I agree with 9:42 – shutters and more glass in the french doors would be gorgeous. But I wonder if Landmarks would be cool with that? Sometimes they get so hung up on how the house looked in 1940 that they won’t acknowledge how it probably looked in 1840…
Anyway, I’m loving that New Orleans style front porch. I can see Truman Capote sitting out there having cocktails (he was the original Brooklyn Heights booster!).
This is massively overpriced:
Once you get it, you’ve spent 6MM in total. You get roughly 3000 sq feet — this is priced at roughly 2x the top PSF prices in the heights.
Assuming your opportunity cost is 8%, after taxes, you are paying at least 500k PER YEAR to live there.
Not even an MD at a broker-dealer can be assured of making that after taxes each year.
And the house isn’t even that impressive — for 6MM you should be able to have a fantastic house and wow the neighbors.
Let’s talk about crotchless panties instead of houses. How bout it?
The wealthy new owner needs to re-landscape the front and rear gardens, replace the French doors on the parlor floor with French doors that more closely resemble the originals (ie: more glass, less wood) and install louvered exterior shutters on the original hinges (pintles).
He would then possess a museum-quality residence of the first order.
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
yes, you are absolutely right. This restored house in Brooklyn Heights will be worthless once the new buildings over the Atlantic rail yards are built.
Now the nice men in white jackets will be with you soon, you be nice to them and tell them about the rabbits. OK?
This place won’t be worth Jack Point Shit once Atlantic Yards is built….
Am I right? 🙂
What impressed me about the kitchen was how roomy it was. I’m not a real cabinet/appliances maven so to me that was rather secondary. I think one can never guess what a very wealthy owner will want in a kitchen so often putting in a simple generic kitchen-as a place holder- is the best way to go. I thought the bathrooms were very well done and so were the finishes such as the plasterwork, the doors, and the leaded glass work.
It is an early house, so there is no elaborate woodwork and parquetry. Anyway, it is a miracle that the house survived and I tip my hat to the developer/restorer.
Now the house needs to find a new owner who will make it a real home again.
“This house is worth every penny.”
Ha, thanks Mr. Owner.