551_3rd_Street.jpg
551_3rd_int.jpgThe four-story brownstone at 551 3rd Street changed hands in 2004 for $1,900,000; the new owner proceeded to do a pretty serious renovation as well as an over-the-top interior design that maybe be a bit much for some people. But if you can look past the chintz, this is certainly a beautiful house with tons of original detail on one of the more desireable blocks in The Slope. The asking price of $3,750,000 looks high to us (by a few hundred thousand dollars) but the fact that it needs no work could work in its favor. Think it has a shot at getting asking price?
551 3rd Street [Douglas Elliman] GMAP P*Shark


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  1. Just two comments:
    1. many really big rowhouses tend to have smallish rear yards. A rear yard was not a status symbol in the 1880’s.

    2. while it is true that Brooklyn has lost much of its stigma over the past ten or so years, I would not say it is entirely stigma-free. I know many folks in Manhattan who still cling to their old ways of thinking about Brooklyn. And all the shootings and stabbings in the news over the past few days have not done a lot to dispel those old views.

  2. I’m looking for a brownstone with rentals ’cause I only have 1 kid now and don’t need all the space. I don’t want to look for a bigger better place later and have the cash and cashflow for a $3M+ place now. I got that money by knowing how to make it – and renting out an unused floor is one way. I too will be checking this place out. That said, it’s not move-in ready even without their furniture. Gonna have to de-gild this a bit.

  3. YOU ARE WRONG 2:52:

    BLOOMBERG: Wall Street expects record bonuses
    Bloomberg News is predicting the five biggest U.S. securities firms will pay almost $38 billion in bonuses this year, or $201,500 per worker, a record. The real estate market has been anxious about the bonuses as the subprime mortgage meltdown and the credit crunch have wreaked havoc this year.

  4. Holy hell people, sign up for a profile here and use real names. How dumb is it that we’re saying things like “So 2:37 it’s not necessarily true that 2:05 is exaggerating at all.” Who cares if it’s your real name, just something consistent.

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