House of the Day: 270 Sterling Place
The four-story, stoopless brownstone at 270 Sterling Place in Prospect Heights just hit the market at $1,800,000. There are no photos up on the Corcoran website yet, but judging from the windows and the visible a/c unit, we’re going to guess that this place will need some work. The new owner will either have some…
The four-story, stoopless brownstone at 270 Sterling Place in Prospect Heights just hit the market at $1,800,000. There are no photos up on the Corcoran website yet, but judging from the windows and the visible a/c unit, we’re going to guess that this place will need some work. The new owner will either have some renovation work to do combining apartments or some paperwork to do getting the C of O to match the current 3-unit configuration. It’s also unclear whether there are any original details on the interior. That said, Prospect Place is lovely and this is a big house (4,200 square feet). We look forward to seeing some photos!
270 Sterling Place [Corcoran] GMAP P*Shark
i’ve seen shells in west harlem go for near 1.4 these days so i certainly think 1.8 sounds reasonable for a “wreck” in prospect heights.
Fuhgeddaboutit! It’s not even one of the nice deep lots in Prospect Heights. It’s only 94 long. Next.
Many folks in Prospect Heights consider this the best block in the neighborhood. Fabulous location and lots of potential. Because of supply and demand in Brownstone Brooklyn, the cost difference btw renovated and unrenovated houses is ALWAYS less than it should be, ie. the purchase price of a wreck + the actual cost of the reno = more than the price of a renovated house. Obviously the buyer has to be prepared to endure the ordeal of a renovation and that excludes a lot of people. But then, they’ll get the house they want — not somebody elses’s idea of a dream kitchen/bathroom/floor plan etc. My guess is that this will sell for something closer to $1.6m.
negative
yes, and this pricetag would take into consideration that it’s a relative wreck on the inside, 4:14.
you think it’s perfectly restored for 1.8 million?
ever hear the phrase you get what you pay for?
now, i’m not saying it isn’t a gem in the rough (i think it is!) but screaming deals in this city are few and far between.
it’s a fair price for a home in this location needing substantial work.
If I buy the place, can I get the lactating mom thrown in?
This house did not just come on the market. I noticed the listing almost a month ago. There is a REASON there are STILL no pictures of the house. I don’t know what it is, but I’m assuming it’s a wreck on the inside and the broker doesn’t want to deter prospective buyers. A month is ample time to have gotten at least a pic of the facade on the listing. It’s outrageous.
Shouldn’t the conversion to a 2-fam, per the legal C of O, be the responsibility of the seller? And on the other hand, those kitchens can’t be very nice… why not just strip one out for the sale so the bank & appraiser et al. see the 2-family, then just put it back in post-sale? No one’s looking at the house after you buy it, so how much does the C of O really matter?
Further: assuming you want everything to be above board, anyone have a clue about the time/effort/expense involved in changing the C of O to 3-family? What would happen to the taxes?
Unlike just about everything else posted on brownstoner, this seems strangely reasonable… actually, suspiciously reasonable. Where are the interior shots? Must have some serious problems. Or pests. Or something.
I’d buy it for $1.65M
oh well I dont live there so…
maybe its everywhere!