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
The renovation is just plain ugly, and the yard tiny. I laugh at the person who buys this for 3 mil. Looks like a set from the Sopranos.
I agree with 9:30. I’ve seen homes in PS which are not mansions dripping with detail, but which are perfectly respectable homes if modest in size (again, 16-18 footers) but have sold in the past year in the 1.2 -1.4 range. I could share a list of comps since I’ve been researching these too. The assumption on this blog that 2-3 mil is the entry point to a house in PS is just silly.
I’m the person asking about trading up from our 3BR/2BA. FYI, we do work hard and have received raises over time but work in the arts and don’t have banking/legal training so there’s only so far our salaries are likely to grow. We are also willing to make compromises – we live on a choice block now in PS, willing to move to a less one (fringes of south slope, or maybe windsor terrace), and we also have a big chunk of change besides our apt that we HAVE saved and are planning on putting towards the trade-up. And by the way, moving to Bay Ridge is not a great option for us since we share a nanny in PS and losing that would eat into our hard-won savings, and it would not be possible to keep share if we move too far from other family. So believe me, we are not expecting a “god-given” right. And we are happy with what we have, but with all that we are doing to try to get more space, it just seems unbelievable that our situation, which only 2-3 years ago would have put us in a good position to buy a modest 2-family house (let’s say a 16×40 footer) is now one where it’s tough. I have seen prices come down, and we have seen a few places that ARE within our reach – it just seems at this particular moment, inventory is low – but mostly, I feel like this blog perpetuates the myth that only 3 mil townhouses are the norm in PS, when in fact, there are some in the more down-to-earth range of 1.5 (our budget) and I just hate when that is totally ignored by all the real estate porn drooling over rising prices here, presumably in part being done by owners/brokers/bankers. Okay, flame away -that’s my rant for the day – but at least it’s on topic.
How cool is it that Jesus H. Christ reads Brownstoner?
Hey did Smartmom put Brownstoner on that 100 list?
I will say it once, and I will say it again. IT IS NOT YOUR GOR GIVEN RIGHT TO “TRADE UP” TO A MILLION DOLLAR HOME IN PARK SLOPE!
If you have too many kids and can’t stuff them in your 3 bedroom apartment in Park Slope, then go buy a 5 bedroom house in Bay Ridge for 700K. Or Ditmas. Or Crown Heights. Or Sheepshead Bay. Just because you exist, does not make it so the world should revolve around you to afford your mansion. Do what everyone else does in this world: SAVE MONEY, WORK HARDER OR BE HAPPY WITH WHAT YOU HAVE.
Jesus. H. Christ.
Exactly 7:18! I hear Brooklyn Casket is hiring.
Right here, fuckface. Watching as you all go down in flames.
The What
Someday this war’s gonna end…
Golly Gee. Where is TheWhat when you need him?