House of the Day: 72 Rutland Road
This four-story limestone house at 72 Rutland Road is on one of the best blocks in Lefferts Manor and has plenty of nice original detail (“6 Fireplaces with Mantels, Built-in Shutters, Pocket Doors, Parquet Floors & Beautiful Mirrors with Amazing Wood Work,” says the listing) going for it. The kitchen’s a tough sell, though, and…
This four-story limestone house at 72 Rutland Road is on one of the best blocks in Lefferts Manor and has plenty of nice original detail (“6 Fireplaces with Mantels, Built-in Shutters, Pocket Doors, Parquet Floors & Beautiful Mirrors with Amazing Wood Work,” says the listing) going for it. The kitchen’s a tough sell, though, and the bathroom decor’s not going to be for everyone. Seems to us that any house in this area asking $1,525,000 should be close to perfect on every account. Think they’ve got a shot at that price?
72 Rutland Road [NY Times] GMAP P*Shark
Can someone call Lanixter Realty and let them know that WE have spoken!
Patricia Frdinand
718-625-3990
Jerome Anixter
718-625-3990
The people who are saying this place is overpriced are right.
But the people who are claiming it should go for 1 or 1.1M are out of their minds.
No way a nice 4-story house (and it is a nice house, plastic on the couch or no) on this block goes for less than $1.2 or 1.3.
The people saying otherwise just don’t know the market.
I am in agreement with most of the comments here regarding the unkempt and thrift-store aspect of this house (i.e., Saran wrapped couch, outmoded kitchen, clutter, etc..), however, the onus lies on the broker to better present and price the house. I would hope that the broker is a church buddy of the seller and is doing this gratis. Coming from a broker, I was eagerly tempted to point this listing out so as to illustrate the cardinal errors of an untutored FSBO seller.
This is not to cast aspersions on Lanixter Realty, but really…Shame on you!
If this is the standard fare in Mom-and-Pop brokerage, I now see why most on this site so vehemently rail against brokers and their exorbitant fees.
Posted by: Broker J “(Broker To The Savvy”) at October 31, 2007 3:42 PM
“However, the broker, Lanixter Realty, is one I’ve never heard of and they appear to know nothing about staging.”
Or pricing.
Unless I’m mistaken only 3 houses (perhaps 4?) in Lefferts Manor have ever sold for 1.5M or above. And those were far nicer homes in far better condition and on more desireable blocks. This is just a case of a realtor who doesn’t know the area trying to get more than is viable. As many others have said, this should sell for around 1M to 1.1M.
If the market gose down PS homes will be off the market only time that you will see a house on the market if some old long term resident dies… All those bankers are going to wait 3 years before they sell… once the market gets back to normal… Then PS townhomes will flood the market again with 6 million dollar homes this time…
Most everyone who loves these old homes would buy in Park Slope if they could afford it.
If it becomes less expensive, there will be tons of brownstone owners flocking to get a piece of the action there.
It’s just a fact.
Bueautiful house on a great block which has probably the most active block association in Lefferts Manor. However, the broker, Lanixter Realty, is one I’ve never heard of and they appear to know nothing about staging. I suspect that they are familor with neither PLG/LM nor brownstone Brooklyn, in general.
My impression is that other houses in LM which have gotten similar prices in LM have needed considerably less work.
BTW, an interesting thing about PLG is that the area, which certainly has a black majority (and has been integrated for upwards of 50 years), has always also had a large number of white homeowners. Many whites remained through the worst block-busting excesses in the ’60s and the neighborhood has attracted people of all races since long before I moved here in 1974. No reason for anyone to feel out of place here. .
“But the house SELLS are not going to go down anywhere in NYC”
That is absurd. Prices in all but the primest areas will go down as the ecomony weakens, Wall street bonuses fall, Wall Street firms lay off more and more people, and the ecomonmic pain trickles to other sectors. Prices in every major urban center have declined 10-30% in the last year–NYC will have a lot less pain, but to think that we’ll completely avoid it is silly.
As for “fringe” areas, most people who buy there do so because that’s all they can afford. As prices in more prime areas drop those people who would have bought in Lefferts Manor (for example) will buy somewhere more “developed” instead.
in an easing market, it’s going to depend on the specific house and specific pricing.
this one might be a tough sell, for all the reasons posters mentioned.
but another house in lefferts might sell right away if it is in the right condition and on the right block.
the haters who don’t want to be in PLG, they aren’t going to buy there anyway.
but there is a big group of people who want a beautiful brownstone near the subway and park, but can’t afford 2.5M for park slope or even prime prospect heights.
I love crown heights and bed-stuy, but they are not for everyone and they don’t have the park.