House of the Day: 128 Lincoln Place
Prostitutes aren’t the only ones abandoning Lincoln Place. The block between 6th and 7th Avenues currently has three houses that just hit the market in the high $2 millions. At 104 and 108 (listed for $2.995 million and $2.8 million, respectively) Brown Harris Stevens and Corcoran are sharing the honors. And at today’s House of…
Prostitutes aren’t the only ones abandoning Lincoln Place. The block between 6th and 7th Avenues currently has three houses that just hit the market in the high $2 millions. At 104 and 108 (listed for $2.995 million and $2.8 million, respectively) Brown Harris Stevens and Corcoran are sharing the honors. And at today’s House of the Day, 128 Lincoln Place, Corcoran’s flying solo, asking $2.75 million for the two-family, four-story brownsone. It looks pretty nice to us. Is there anyone who’s been in all three houses that can compare and contrast?
128 Lincoln Place [Corcoran] GMAP P*Shark
104 Lincoln Place: BHS/Corcoran
108 Lincoln Place: Corcoran/BHS
Photo by Kate Leonova for PropertyShark
“where do people move after selling their gorgeous PS brownstones?”
me-Clinton Hill.
I can’t remember where I saw the 3rd Street house. Maybe it has already sold. It was on some window along 7th avenue…
9:43#1, What private school costs 30K/year for three kids? I think you may mean 30k/year per kid…no?
9:43#2, Thank you for your critique…
For 9:31: what’s the 3rd Street house you mentioned? I haven’t seen any listings on that street.
I think the north slope is great, and the access to the subway is better — however, the school district thing is a real factor also.
I know some people scoff at the idea that someone buying a 3 million dollar house is worried about public schools, but many do, ask any broker, I mean, for my friend, to send 3 kids to private school would get to be about $30,000/yr.
I know people complain about 321 yadda yadda, it’s not the be-all and end-all, but it is a decent option as opposed to no option at all.
I do agree. It does seem prices have increased. A place on Berkeley sold for 3.4 in August…that one was between 8th and the Park I believe. And one between 7th and 8th on Berkeley sold for 2.7 but it needed a TON of work. There’s one for sale now on Montgomery for 3. 5 or so and another on 3rd street for 3. 5ish as well. (Spent a lot of Sunday looking around at RE: windows).
I think your friend got a good deal. There have been a few homes in Ft. Greene and Clinton Hill that have seemed to go for 2. 7 so I think “Prime Park Slope” as you call should definitely equal (if not surpass) those prices.
9:21…Lincoln is only one block north of Lincoln, so not quite sure why your cut off is Berkeley, but either way…to me Lincoln is super prime. It’s even closer to the Q and the 2/3 which in my opinion is a HUGE asset of the North Slope.
A lot of these brownstone buyers are from Manhattan…lots who work downtown also and having that train access which turns out to be 15 mins to Wall Street or 15 mins to Union Square make a lot of former Manhattanites much more comfortable with living in Brooklyn than they do about feeling trapped to the F train. When I lived farther south on 12th street, it was gorgeous…an amazing part of Park Slope…BUT the one thing I always felt was a bit trapped and disconnected with Manhattan.
I love Brooklyn and most of the time would rather be in Brooklyn over Manhattan but even knowing the 2/3 and Q are so close makes me feel more connected.
I know that might sound strange, but it’s true for me. Maybe others don’t feel the same. Or maybe people spending 3 million dollars on homes don’t take the train much. Guess that’s possible also.
Also my friend’s house was 3 feet wider, which also is an advantage.
Look, obviously any comparison is full of all kinds of subjective factors. To me, being in the 321 district and being on the park block are both pluses, all other things being equal.
It’s just one piece of data, but it seems to me that either a) prices have risen or b) these prices are unrealistic. I’m hoping it’s a)
Prime Park Slope is 3rd Street to Berkeley Place from 7th Ave to the Park.
Well, 9:10 it’s a great block — great area — but what I meant was it’s not on the park block (the block between 8th and PPW) and it’s not in PS 321 — that is an important distinction for many buyers, including my friend.
So what I’m saying is she bought a house two months ago for 2.75 on a park block on one of the prime streets in 321.. needing some work, but not in bad shape..
Perhaps she got a great deal, but there were other houses in the same ballpark in the area.. So the only conclusion I can draw from these new listings is that prices have continued to rise — even since the spring/summer — at least in this very particular part of Park Slope. Do you disagree?