House of the Day: 551 3rd Street
The 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…
The 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
Three mil. ish.
If it had a full-sized yard, I’d consider it. But it doesn’t, so I won’t.
After looking at prices for two bedrooms on the UWS, i am sure it will sell. Now that the stigma is gone from living in Brooklyn, Manhattanites are flooding out here, and to them, these prices are dirt cheap. But I do feel that the person who buys a house like this is a person who would have moved to the suburbs in the 70s and 80s. All I can say is curse Rudy Guliani and pray for a crime wave.
I doubt they will get the asking price in the current climate of semi-caution.
It is a classic brownstone but for 3.75 million it needs even more over the top amenities like an elevator and a built in spa and things like that especially since it is not in the Park block.
This will NOT be a record year for Wall St. bonuses … do you read the paper much?!
That said, I jjst sold my 150sf studio that I got for free in 1972 for 8 billion-gazzillion rupees.
thats so freakin crazy.
sorry, meant compounded annual increase. not interest.
my landlord bought his townhouse on the uws for $400,000 in 1993 and sold it for 7.8 million in 2007.
don’t even want to know the compounded interest on that one…
2:34 – If an apartment in 1997 sold for $350k is now worth $2.7 then that’s a 22.67% compounded annual increase. In late 2001 we bought an apartment in PS for $420 and sold it four years later for $925k – a 21.83% compounded annual increase.
So 2:37 it’s not necessarily true that 2:05 is exaggerating at all.