House of the Day: 40 St. Marks Avenue
After purchasing the brownstone at 40 St. Marks Avenue in Park Slope for $900,000 in 2003, the current owners set about doing a renovation that looks to be quite tastefully modern. We’re not sure how much original detail they had to work with, but a couple of marble fireplaces are about all we can spot…
After purchasing the brownstone at 40 St. Marks Avenue in Park Slope for $900,000 in 2003, the current owners set about doing a renovation that looks to be quite tastefully modern. We’re not sure how much original detail they had to work with, but a couple of marble fireplaces are about all we can spot now. Still, it looks like a quality job, so we suspect they’ll be plenty of interested parties. Whether they’ll be able to swallow $2,195,000 for a house between 5th and 6th Avenues remains to be seen.
40 St. Marks Avenue [Corcoran] GMAP P*Shark
Broker’s bio is a hoot. Would not hit it.
Is anyone else disturbed by the unending whiteness of the house? It’s like living in a huge dream sequence on a soap opera. Please – even creamy beige is looking good, here. At least get some color in your accessories. Argh!
While people may not use their backyards, 9:34, no one wants to “pay out the nose” as you say, but not even get one. That would be the case with this property.
8:13 must have been pretty bored. Nice house, I hope they get whatever someone is willing to pay. Whether it is close to asking or not remains to be seen. And all this talk of backyards, most people on my block don’t even use theirs, it’s funny, you pay out the nose to get one and then it sits there empty most of the time.
its been there since 1985 and most people didnt even know it existed. I didnt know it was there until I walked down the street and there were security guys in little vests which were obviously government employees.
if it wasnt for that I wouldnt have thought it was low income. It just looks like a poor condo conversion that extends half the block.
looks better than any low income housing ive ever seen.
“Low income” in NYC can mean police, teachers, firemen just as much as anyone else, don’t forget. And coops available for purchase by low to middle income people is a very different thing from “the projects”. If anybody is freaking out about this development being on their street or in their neighborhood, they REALLY finally need to move to Connecticut. Buh-bye, been nice to know you.
RE the low income housing on St John’s:
FROM THE NEW YORK TIMES:
September 29, 1985
PARK SLOPE TENANTS RENOVATING THEIR 23 BUILDINGS
Work has begun on 23 Brooklyn brownstones purchased last year by their residents from the United States Department of Housing and Urban Development after more than five years of complex negotiations with Federal and local housing officials.
With the purchases, the 80-year-old brownstones, on St. John’s Place between Fifth and Sixth Avenues, became the first subsidized cooperative apartment buildings for low- and moderate-income families in Park Slope.
The subsidies, under Section 8 of the National Housing Act, are linked to family income: Tenant-shareholders pay 27 percent of their annual income to the co-op for maintenance and H.U.D. makes up the balance of the maintenance costs.
$1.4mm this year. $1.2mm next year.
The price is ridiculous – I almost think it’s reverse psychology to shoot way over the moon, but I would be shocked if they got anything close to it, esp when the buyers paid $900K 4 yrs ago – even with the nice reno, and market increase, it simply is not worth that much. The schools in that part of PS are not as popular, the lot is tiny, and overall, it’s a pretty small house. 1.6 seems more like it.