House of the Day: 60 Montgomery Place
Not that $3,450,000 ain’t a lot of dough, but sometimes it’s a reasonable price to pay for a house and sometimes it’s not. While it’s hard to tell exactly how much restoration work a new owner would have to invest, this house at 60 Montgomery Place in Park Slope has that something special that would…
Not that $3,450,000 ain’t a lot of dough, but sometimes it’s a reasonable price to pay for a house and sometimes it’s not. While it’s hard to tell exactly how much restoration work a new owner would have to invest, this house at 60 Montgomery Place in Park Slope has that something special that would at least get our attention were we in the market to write this kind of check. Currently configured as two duplexes, the house is 70-feet deep on the first three floors and has “large rooms and distinctive details,” according to the Townsley & Gay listing. The sellers have owned the place for close to two decades. Has anyone been inside recently? If you had to put a million bucks into it, think it could still be worth it?
Montgomery Place Mansion [Townsley & Gay] GMAP P*Shark
Manhattan prices are relevant in terms of what you get for the same price. But NO ONE who is considering spending 8-10M on a house in Manhattan thinks “Oh, I could get the same thing for 4M in Brooklyn.” That is a totally different group of people. It is relevant to point out that this price would get a large 3 bedroom on CPW, for example.
Actually, 4:00 when most people who are moving to Brooklyn are from Manhattan, you’d have to be a fool not to compare.
Let’s see….I can buy a 2 bedroom is Chelsea for 2 million dollars, or I can buy an entire house in Ft. Greene or Park Slope.
See where I’m going with this?
Need it further simplified to see how Manhattan and Brooklyn’s real estate markets are related???
Bottom line: Brooklyn is not Manhattan. That is good for some people, not so good for others. They are/have always been different markets, so you can’t compare what a townhouse in one costs to what you’ll pay in another.
Brooklyn is far better than Manhattan in certain respects.
People who haven’t caught onto that idea watch too much Sex in the City.
In another 10 years, Manhattan will be nothing but a big mall.
We’ve got similar issues in Brooklyn, but it becomes more the cultural center of New York City with each passing day.
Not to say that the house is not worth it. I think that the price is in the ballpark- but the renovation- if it needs upgraded mechanical, a new facade, roof, all new baths and a new kitchen, wood restoration- definitely north of 2 million.
The link to the broker webpage is no longer working… what’s up?
Hey, if 104 and 108 Lincoln Place houses are both worth ~ $2.8 million needing renovation, then this place is easily worth ~ $3.5 million. Far better house, and certainly a better location.
I’m not 3:23, but Brooklyn is NOT Manhattan, not will it ever be Manhattan. Period.
um, brooklyn is at least part of new york city.
new jersey is…well new jersey.
lots of people compare, 3:23. you do realize that the majority of people moving to brooklyn come from manhattan, or are you really THAT stupid.