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
I will be SHOCKED if they get anywhere NEAR this asking price. Stranger things have happened and maybe if this was the price before the credit crunch… (BIG maybe). But now with winter nearing, the housing market falling, prices get cut even in brownstone Brooklyn, Wall St. getting hammered, etc.- I honestly think there is no way it will sell.
ESP. given the lot size- it’s not only narrow but ALSO short. Not ideal.
As far as the location, I actually think it’s pretty ideal. This is exactly where I would want to buy if I was a Manhattan transplant, b/c of the proximity to express trains.
Let’s say comps are $750/sf and this is $900/sf or so. Given that the house is small and the lot is small, what premium would people put on the nice renovation? Or is the bulk of this pricing based on the proximity to trains and Fifth Avenue’s services?
2:55 – the office does have a window and a door to the deck… not ideal for a little kid, for great for guests! I think I agree with 3:15 that the bigger issue is it is a little house for big money…
The 62 lot–VERY short. No yard, hence the “enclosed outdoor dining area” the broker describes. They will not get that price. You’re better off with the President Street house (also between 5th & 6th Ave) listed with BHS for $1.895. Same width and square footage, but the lot is 95. Brokers should really pay more attention to comps instead of thinking they have something unique. No way in hell they get that price for a 62 foot lot.
Being directly ON the park is amazing. Being near it doesn’t mean anything and it is a drag.
It only means you’re much farther away from all the new and best amenities on 5th Ave and the amenities that will be coming in Gowanus like Whole Foods. I’d rather be near 5th Ave any day. And yes actually, walking a longer distance does become harder as you get older because you have children to drag along with you much of the time. Also when it’s late at night who wants to walk 5 blocks to get a carton of milk at the deli. You need one right nearby.
3:06 is the broker or owner.
They will get this price, or very close to it.
The layout is great.
Most people would rather have more usable, premium space (look at the top floor master suite) than a bunch of little rooms that add up to more square feet.
Love the park. Love the homes near the park. Hate the douchebags in the homes near the park.
Your point, 2:56?