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]
no one is buying in clinton hill or bed stuy for anywhere near these prices.
not in this market.
you’d have to be a fool.
not nyc related (yet), but still fun http://flippersintrouble.blogspot.com/
If you are even considering spending this much money how can you not make a bid on the Lefferts Place houses at 59 and 65? They are bigger, with a view of the yellow house and huge back gardens. Just my opinion.
http://www.newsday.com/business/ny-bzfoxt0928,0,3121370.story?coll=ny_sports_highschool_util
foxtons?
what’s that?
one more data point from the coming onslaught. foxtons may file for bankruptcy and fired 92% of staff today. yikes.
Personally, I like the the terra cotta color of the exterior. Can’t say as much for the exposed brick entrance. Oh, and the price is wack.
I couldn’t click through to WL from Brownstoner. I had to paste the URL in from another page…
whaddaya mean? The link works–I just clicked on it. It’s there.