House of the Day: 432 Prospect Place
This two-family house on a 131-foot lot at 432 Prospect Place will likely appeal to many in the market: Nice original details, modern kitchen, landscaped backyard. One unusual twist is that the floor-through rental unit is on the top floor as opposed to the bottom, raising unaddressed questions about the need for an internal staircase…
This two-family house on a 131-foot lot at 432 Prospect Place will likely appeal to many in the market: Nice original details, modern kitchen, landscaped backyard. One unusual twist is that the floor-through rental unit is on the top floor as opposed to the bottom, raising unaddressed questions about the need for an internal staircase in the owner’s triplex. As for the asking price of $1,725,000, were it a block or two to the west, it would be a lay-up. Not that neighborhood boundaries are the most important thing when it comes to pricing, but it’ll be interesting to see whether a house that’s technically in Crown Heights can command this kind of number.
432 Prospect Place [NY Times] GMAP P*Shark
PRICE REDUCTION!
1,599,000.
A nice start.
not unusual for the waitress to make 65K. I have met waitstaff that have made 6 figures and as an underwriter I have to see tax returns.
How-do-I-buy-a-house-guy:
For starters, you don’t need to have a four-story brownstone with a triplex for yourself. Think three stories, including a rental, and with your down payment you could afford a place in the PS 39, 10, or 154 school districts. (Maybe other good districts as well — these are the ones I’m familiar with.) That’s what we essentially did–a few years ago so the numbers were smaller on both ends of the equation, but we have a house in Park Slope between 4th and 5th Avenue, with 3 BRs (albeit two of them small) plus a study. Carrying costs after rent income and tax savings are less than what it would cost us to rent a small apartment. And our income is also low six figures.
If you can’t make it work with the equity and income you have, I think you’re being too grand in your expectations.
That is an ABSOLUTELY BEAUTIFUL HOUSE! I Love Brooklyn!
no, the point was that people talking about brooklyn like it’s beirut is out of date.
Law firm partners are about as up-to-date as Sarah Jessica Parker circa 1997. That’s the point, I think.
Wow–judging by these posts, you’d think everyone in NYC was raking it in big time, which is so not the case. Get real people. And 65K for a waitress job? Doubt it, but if so, it’s unusual.
7:34, some of us consider the absence of junior law partners to be a selling point on the neighborhood.
A leisurely ten minute walk away in park slope this house would cost $800k more, at least. 800k would put a lot of kids through school. You can complain all you want about prices, but this isn’t that far off of what people are paying. You’d pay almost that price for a three-story on the other side of Underhill, And rent on the floor-through will cover 200K of the mortgage. It’s insanely expensive, but unfortunately not unrealistic. But let the market judge.