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Timberrrrr! The asking price of the house at 1265 President Street continues to drop precipitously. The four three-story brick-and-limestone house in Crown Heights started its journey back in May on Craigslist praying for a miracle at $1,450,000. We called it “a bit aggressive” at the time; a commenter more astutely referred to it as “fantasyland.” At some point this summer, Corcoran got the listing and tested the waters at $1,195,000. The result? Still no takers. So this week, in a sign of the times, the price was cut to $995,000. This’ll be very interesting to watch. In this environment, given that the interiors lack the original detail of many of the houses in the area, this is hardly a lay-up even at two-thirds of the original price. Thoughts?
1265 President Street [Corcoran] GMAP P*Shark
House of the Day: 1265 President Street [Brownstoner]


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  1. Strange layout, with kitchen/dining sandwiched in between two floors with bedrooms. This house looks like the poor stepchild of the group. Do love the Spanish tile roofline. According to the floor plan, there are 4 stories. I think 2:25’s guess about the fourth story under the roof is correct.

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