House of the Day: 52 Montgomery Place Revisited
If you’re the owner of the gorgeous house at 52 Montgomery Place, it hasn’t felt like Brownstone Brooklyn’s been immune to the weakening national market. This 5,238-square-foot nine-bedroom first hit the market with Corcoran last April (when it was a HOTD) for $3,675,000. After four months without a deal, the owner jumped ship to Douglas…
If you’re the owner of the gorgeous house at 52 Montgomery Place, it hasn’t felt like Brownstone Brooklyn’s been immune to the weakening national market. This 5,238-square-foot nine-bedroom first hit the market with Corcoran last April (when it was a HOTD) for $3,675,000. After four months without a deal, the owner jumped ship to Douglas Elliman, clinging to the original asking price. A month ago, however, the asking price was trimmed to $3,300,000. We’d think this would be in the right ballpark (despite the fact that 60 Montgomery Place remains unspoken for at $3.450,000) but still no signed contract. What do you make of that?
52 Montgomery Place [Douglas Elliman] GMAP P*Shark
52 Montgomery Place [Brownstoner]
I think you must be thinking of a different Berkeley Place house. The one that sold for 3.4 million…between 8th and the Park was glorious! The kitchen was absolutely stunning and remodeled.
There was another Berkeley Place that needed a ton of work (between 7th and 8th) that sold for a little shy of 3 million.
Perhaps thats the one you are thinking of…
I’m saying the market is bad, why would I say that if I were a broker or the owner?
Honestly, reading comprehension counts, folks!!
My point is that this is a beautiful house. One of the most beautiful I have seen on this site. If it is having trouble selling it may mean the market is softening.
It could also mean that the owner does not want to bargain, but 3.3 million seems ballpark considering things in Fort Greene had been selling for two-plus.
This house may be a harbinger of a lull in the market. I don’t think it is all about the decor.
I don’t htink a broker would be saying that.
My lover, who is a broker-in-the-know, just called to tell me that there is a bidding war over this house, as we speak. He says the price is already at $4.25 million, and the highest bidders are offering to waive the inspection!
The only reason this would sell with that horrid wallpaper all over the walls and bad layout, is if there were no other houses on the market in Park Slope at all. When of course there are. Why would a buyer with many opions pay $3.3 million to have to do twice the work? It’s illogical. The situation speaks for itself. This house has sat on the market unsold even after the price WAS lowered. Something’s not appealing to buyers. Sorry. I stick to what I said before; nobody’s convinced me to do otherwise.
I went to the Berkeley Place open house and did not think that the house was in tip-top shape. The kitchen was tiny – one of those extension kitchens, but only half the width of the house. But maybe it was the decor/jumble of furniture that made it seem like it needed more work than it really does. The original woodwork and stained glass were certainly beautiful.
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well if it isn’t the market it must be the fact that contrary to all appearances this must be crappy old dump of a house.
Well, this one’s been on the market since April. And there have been $2.8-$3+ million sales in Park Slope since April. As well as much higher number sales in Brooklyn Heights. So, don’t think it’s the market.
Finally! You’ve found the house of your dreams. Money is no object, so reward yourself with this mansion. Throw $3.4 million at this and fix it into your own magnificent home. You have money so you deserve the best. Call me today!