115underhillave1007.jpgAlthough the asking price on 115 Underhill Avenue would seem high even if it were next to a nice historic structure, the fact that its neighbor is a nasty new Fedders building makes the asking price almost laughable. (This listing makes us think there should be a tax on people who build eyesores that could be used to compensate nearby property owners for the value destruction.) And while there may be a handful of blocks in Prospect Heights that can justify Park Slope-like prices, this ain’t one of them. The 5,000-square-foot building is currently configured as a four-family house; given the lack of photos or floor-plan, it’s hard to believe that it would be particularly easy to convert to a one- or two-family home. So even if the listing is telling the truth about the “great details” on the interior, $2,500,000 seems completely unrealistic to us.
115 Underhill Avenue [Douglas Elliman] GMAP P*Shark


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  1. is there a reason why these threads always seem to veer off topic?
    couldn’t we just discuss the pros and cons of this house, and this location?
    otherwise, every day is going to be a boring Prospect Heights vs. Park Slope vs. Ft. Greene thumbsucker.
    It gets boring

  2. I think the South Portland home sold just in time. While it is a great house on a nice block, I don’t think it would be able to get that much over asking if it were listed today. It would definitely get its asking price, I think, but not the couple of hundred K over asking as people on this board have suggested it sold for.

  3. but So Portland is not walking distance from Q & 2,3; Grand Army, Library, Park, all of commercial Park Slope. This is a more desirable location, and at a 25% discount off what the same house would sell for on the other side of Flatbush

  4. 202 prospect place on best block in prospect heights (btwn carlton and vanderbilt) was house of the day a few weeks ago and is still on market for a reduced price of $2.27 million. Great house, not a great market!

    I don’t agree. I still think it’s overpriced.

    I don’t Prospect Heights is a 2 million plus neighbrohood yet.

    Don’t think it speaks of an entire market. I think it speaks to an overpriced home.

  5. I saw 202 and was decidely not impressed. The backyard was south facing but a huge apartment building, that was just a few yards past the property line was going to block any sun the huge trees next door let in. The barbed wire back yard fence offered an indication of some security concerns as well.

    The next door also had a ugly ass above ground cheapo swimming pool. A small house for that size lot. The house on South Portland, which had been priced at the same price almost, was 5 times nicer. It sold, above asking.

  6. 202 prospect place on best block in prospect heights (btwn carlton and vanderbilt) was house of the day a few weeks ago and is still on market for a reduced price of $2.27 million. Great house, not a great market!

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