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
7:22, find me a junior Skadden partner in Crown Heights (to say nothing of more upright firms) and we’ll all go grab a beer together. We might have to stop referring to each other by numbers, tho. And you can switch the “I live in Crown Heights” scene to a club in Tribeca if you prefer to envision a younger professional demographic–same astonishment that one would work 15 hours a day to live in Crown Heights.
btw…just watched entertainment tonight and it was only a rumor about the jen anniston thing.
she did not buy at 20 pine…nor any other apt. in new york.
so the comment is not apt afterall, 6:15.
You’re living in an outdated episode of Sex and the City, 6:13.
Seriously…I started laughing out loud when I read your post.
I’m 6:07. I know all of that very well. The comment is still apt, IMHO.
I know plenty of law firm partners. I love the image of one of them dropping at a UES cocktail party that he had just bought in Crown Heights. For $1.7 million. And that he had left his wife and children alone there to fend for themselves after dark. Immediate reaction: dead silence and confusion, mostly over where, exactly, one finds “Crown Heights.” Law firm partners pay extra for premium brands, not “authenticity.” Crown Heights ain’t no premium brand.
Um, nice comparison, 6:07, but I believe Jennifer Anniston owns approximately 4 homes. Each of which are in the multi-millions.
Might want to think things through before you comment next time.
She will probably stay at 20 Pine 10 days a year.
Not raise a family there and make it her home.
Executive Assistants make 90K a year here.
It’s not that outrageous.
Isn’t that why so many of us live in New York? More opportunities for better paying jobs??
My friend is a 22 years old waitress and she banks 65K a year.
Get with the program.
Another way to think about it: Curbed links to a Post story saying that Jennifer Aniston bought in a Financial District building with condos up to $4 mil. Let’s assume she paid $4 mil for a 2br with great views, expensive “finishings,” etc. Now, this house costs $1.7. Is this house, even if bigger and with a rental unit (and intended as a primary residence, rather than a pied-a-terre), worth about 1/2 of what a movie star is paying to live to live the movie star lifestyle in downtown Manhattan? For an iffy block with bad schools and a tenant upstairs? Or is it all baseless, unsustainable speculation? When you have to ask these sorts of questions about middle to lower class housing, something’s amiss.
the simple answer as to how people pay for this: they make more money than your “low six-figure” salary.
Said it before and I’ll say it again: a few years ago, the AVERAGE partner in a Manhattan law firm made 4-500k a year. There are thousands of them, if not tens of thousands. Then add in all the tens of thousands of financial types making that much. If you make $350k a year, it’s hardly a stretch to spend $50k on schooling and $75k on houssing.