House of the Day: $8.75 Million in Cobble Hill?
Holy Moly! This has got to be the nicest house on the market right now. It’s a 25-foot-wide Greek Revival house overlooking Verandah Park in Cobble Hill with a stand-alone carriage house in the rear. All in, it’s got 7,000 square feet of living space and enough parking space for four cars. Judging from the…
Holy Moly! This has got to be the nicest house on the market right now. It’s a 25-foot-wide Greek Revival house overlooking Verandah Park in Cobble Hill with a stand-alone carriage house in the rear. All in, it’s got 7,000 square feet of living space and enough parking space for four cars. Judging from the photos, there’s recently been a top-of-the-line renovation as well that preserved the house’s many original details while creating a beautiful, huge modern kitchen. Okay, so the desirability of the house ain’t in question. How about the price? Think $8.75 million will fly? This would have to be a record for Cobble Hill, wouldn’t it?
Magnificent Townhouse & Carriage House [Brown Harris Stevens]
Finally, an entire floor for my foosball tables!
Amy
25 feet wide is HARD to come by in NYC. It makes a world of difference if you ever lived in a bldg. 17-20 feet wide, but that price is way off base.
BTW, people are mentioning “the S. Portland” house that went for way over asking price. Which one was that and what was the final agreement?…and how do you’allz get that kind of info? Since the property may not have changed hands, how can one tell what a contract amount is? Are there leaks at RE agent office?
It looks like the rest of the block of Warren St. and Verandah Pl. are about 75′ deep, and this one is like 2 lots. Perhaps the house on Warren with ~5k sf and a ~2k in the carriage house on Verandah? Price may represent wishful thinking that someone could build another full size house on Verandah to create more value from buildable land.
And by the way…
Fuck The What.
Check out the floorplan, This is a five-story house, with five bedrooms, and only 2-1/2 bathrooms.
A lot of cash was clearly spent on the reno. You think they could have thrown in one or two more full baths. And on the third floor, one “bedroom” can only access the bath through what appears to be the master bedroom. Not a very gracious touch!
The top floor loft/attic space could be really cool, but again, not even a half bath on that floor.
Brownstoner, you’ve extrapolated from the broker’s listing of 7000 SF to your post of 7000 SF “of living space.” Not true – most of the attic has no windows and can’t legally be used for living space. Look at the floorplan – only the rear of the attic is windowed. That’s why it shows up on Property Shark at 5400 SF, though they ignore the attic altogether, as is typical. (Boo hoo, only 6000 SF of living space – call the deal off!)
What is the relevance of the previous transaction price for this property, or any other property for that matter?
Is the buyer in trouble? His last mortgage was arranged last month for a small sum of $25,000 and he’s paying 12% interest. Sounds like sub-prime territory.
Distressed Buyer wants $8.75m? Methinks not!
Right, only the carriage house overlooks the park, exactly.