House of the Day: 193 Washington Park
While the owners of 204 Washington Park try to get close to $3 million for their five-story brownstone, a 25-footer up the block at 193 Washington Park just hit the market with a price tag of $3,875,000. (Another comp: The 4,400-square-foot, immaculately renovated house at 181 Washington Park sold last spring for $3,037,500.) Before you…
While the owners of 204 Washington Park try to get close to $3 million for their five-story brownstone, a 25-footer up the block at 193 Washington Park just hit the market with a price tag of $3,875,000. (Another comp: The 4,400-square-foot, immaculately renovated house at 181 Washington Park sold last spring for $3,037,500.) Before you completely write off the owners as lunatics, consider that it is a solid 6,500 square feet. That said, it’s been in the same hands for over 25 years and, while certainly in decent shape and full of charm, it’s not like somebody just dumped a million bucks into the place. As much as we love the location, we have a hard time seeing how a family buyer would step up at this price. The only possibility would be for a conversion and event that, with a pre-conversion price of about $500 a foot, seems pretty skinny.
193 Washington Park [Corcoran] GMAP P*Shark
The brownstone next to my old place on West End Avenue is for sale for 8 million dollars.
Some people might consider half the price to move to Brooklyn.
Actually there are comps…
181 Washington Park…4400 square feet for 3.037 million.
This is certainly a huge pricetag, but it’s also 2000 sf larger than the most recent comp on this block.
I agree. $3.8 million is pretty rare air, even for New York. I suspect that a buyer at that price point wouldn’t care about tenants helping to pay off the mortgage; they’d want the whole thing to themselves. That said, no shots of kitchen or b/r’s, so you’ve got to believe they’re outdated or run down (or both). I suppose I could see this price for a top-line renovation, delivered vacant.
Projects or not, this house is not worth almost $4 million dollars. Give me a break. Let’s not change the subject. Nothing in the comps suggests this house will move for that dough. It’s a number pulled out of the seller’s or broker’s ass. Obviously the owner is in no hurry to sell. He also owns the brownstone next door.
Sure people live near the projects. But homes near the projects get a discount relative to the ones a few blocks further out—always and in every neighborhood. $3.9 is no discount, my friend.
What’s wrong with a block away from the projects? I used to live across the street from Gowanus projects and had no problems whatsoever. In fact I got mugged on 7th Ave in Park Slope, but never near the projects.
Do people really fear for their safety or property or is it that you don’t want to see poor people or what?
You know, it’s funny, but Fort Greene is now populated with the same stererotypes of people that everyone loves to hate in Park Slope. Actually, it’s worse, because the ones in Fort Greene really try to pretend they’re hard core unique and edgy. Go by Ft. Greene park on a weekend and you’ll see exactly what I mean. The irony is that these same people are scornful of PS yuppie types, when they’re the same or worse.
This house will sit for a long time. Just like 181 Washington sat for over a year before being purchased for 1 million less than its original asking price. And that was during the top of the market, and in pristine, restored condition.
Yes, 2:51 may be the broker. Let’s agree it won’t sell for as little as 1.5m as suggested above but it may sell for under 3m.
Does anyone know the particulars on this house? Where are all you researchers?