House of the Day: 264 St. James Place
After many months of renovation, the house at 264 St. James Place in Clinton Hill hit the market this week. It’s a four-story, three-family brownstone a stone’s throw from Lefferts Place. We don’t have a lot to go on, but like most flip-jobs in this neighborhood, the indications aren’t positive. While the listing on the…
After many months of renovation, the house at 264 St. James Place in Clinton Hill hit the market this week. It’s a four-story, three-family brownstone a stone’s throw from Lefferts Place. We don’t have a lot to go on, but like most flip-jobs in this neighborhood, the indications aren’t positive. While the listing on the BHS site has no photos, the NYT listing has two interior shots, which reveal an schizophrenic mix of old and new. The parlor floor front hall, for example, has a door frame molding that’s been stripped to the original wood, a front door with kind of a vintagey-distressed paint job, on wall of exposed brick and baseboard heating. The garden level kitchen area reveals some similarly strange calls. The flippers bought the house for $862,500 just over a year ago and certainly haven’t put a million bucks into it since. They’re trying to get $1,850,000 for the place but we’d guess they’re off by at least $300,000 given the quality of the renovation.
264 St. James Place [Brown Harris Stevens] GMAP P*Shark
264 St. James Place Listing [NY Times]
Just one question. When and how did 264 St. James Place Bet. Fulton & Lefferts Place get to be in CLINTON HILL???!! This is wishful/creative thinking on somebody part. This is very funny to someone like me who has lived in Brooklyn for decades-riding the 25 bus up and down Fulton St. long before there was a hint of outdoor seating or let alone a sushi bar. Since renaming and claiming is the name of the game why don’t we just rename ALL of Bed-Stuy Clinton Hill -that should help property values a bit more.
Al
I got a phone call from a broker that the house will be shown this Mon. and Wed. from 12-2. Is anyone else going?
“Three stops and you connect to the express A train”.
Exactly. Three stops and you’re at work, in the financial district. That’s my daily commute and it’s fast and convenient. The MTA subway system is flawed in general. There isn’t a line out there that one can categorize as being 100% reliable. Park Slope has to deal with the inept F train, Williamsburg has it’s lack-luster L train, etc.
Saying that Clinton Hill has inconvenient transportation issues is a flat out untruth. Please refrain from posting information unless you are familiar enough with the subject matter to give accurate feedback.
Happy Friday!
7:38 I think you’re being a bit harsh. I agree the St James Place is overpriced but that’s because it’s a weird renovation, not because of the neighborhood. This house is one and a half blocks away from the C train. Three stops and you connect to the express A train. Hardly inconvenient. As for knowing what property in the neighborood’s going to be worth in five years, after you with that crystal ball!
i would have bought it for 862k and put some work in it. I’d like to think i could do a better job.
the only thing i would say to that 7:38, is that myrtle has changed significantly and will be transformed further with the planned changes and coming condos. so the NW area of CH is actually one of the hottest spots to buy right now given the beautiful houses and coming condos/services. $1.9m for this st james place is not worth it when there is a beautiful brownstone on washington btwn myrtle and willoughby with beautiful front yard and details galore for i think $1.7m. if i had the money, thats the kind of house in the best part of CH. but you’re right about transpo- you definitely have to be patient or willing to walk to the atlantic stop.
maybe a year ago.
not today, or anytime in the next 5 years will clinton hill homes sell at these prices.
they shouldn’t anyway. not with the lack of good transportation and services.
way too many suckers in nyc.
Untrue, there are Clinton Hill houses that have sold for this price. This one most likely will not, but there are others that have.
There is always a fool out there.
Real Estate isn’t for everyone.