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]
Agreed 3:34. This house looks beautiful from the pictures alone. Absolutely beautiful. The broker description does suggest it needs quite a bit of work, though. I suspect the simple reason is hasn’t moved is the amount of work required at that price point. No mystery, really.
I completely disagree with 3:27. The house looks great. This isn’t a condo in the ORO or in DUMBO. The rooms look lovely not overdecorated and ready for a move-in. Gimme a break.
Considering the incredible crapola that I see featured here in really really marginal places, this place is a gem.
Give it a rest.
This isn’t a 2-bedroom condo that needs to be in move-in condition to sell. Besides it looks like it is in move-in condition to me. I don’t know why it is not selling but the condition of the interiors is certainly not the reason.
“If that one buyer is not showing up, it means a house isn’t appealing and you have to figure out why.”
No, if a buyer isn’t showing up, it means the price is not right–plain and simple.
Most buyers, especially at those price ranges, aren’t fooled by staging or decluttering. Most people can see past the dated decor of a house and envision the potential. It’s the price–always is.
This isn’t about the RE market and what price all houses might be able to get in Park Slope. Yes the market is slower now but it only means sellers in Park Slope need to declutter and renovate before selling just like anybody else does. Or if they don’t have the time or money for that, that’s fine, but lower the asking price. Pretty simple.
This house’s interior is incredibly unappealing. The walls are way overdecorated with bad color and wallpaper patterned borders which obscures the architectural details. That mismatched leather furniture is too chunky and oversized for that narrow parlor. I agree with the person who said their 17-footer had more space. Everyone knows layout is more important towards making a space liveable than square footage. So take the dang piano out and put some appropriately proportioned furniture in there. Broker, make your clients work for that extra $500,000 they are trying to get. This is a case where buyers will have an “ick” reaction when they walk in the door, and thus you’re forcing them to have to work hard to imagine making it into a chic living space. Some houses can need a lot of work but still have grace and elegance and can wow people and show off the house’s potential. This house doesn’t do that. If a house in a top neighborhood like this succeeds in showing its potential easily, you can usually find even one person with money who goes for that overpriced asking price. It only takes one. If that one buyer is not showing up, it means a house isn’t appealing and you have to figure out why.
This is an incredible mansion in a top location. It isn’t crap (like a lot of the old POS’s on this site). Give it time.
It’s Christmas. It will sell in January for 3.2 or 3.3. There is nothing marginal about this property, except that it’s in Brooklyn, but I hear Brooklyn is hot now, or so the brokers say.
“Good for tall thin people”
The best kinda people out there, if you ask me.
Well, I’m short and wide, so it won’t work for me.
Pay top prices for faded glory, a grand ol’ dump. Pay for what it might be, not for what it is. $3.5 mil in a housing recession. Better if you can pay all-cash. Plenty of charm in this narrow, ancient tattered and tired pile.
Check out how gigantic those couches and chairs look in this strip-of-an-appartment. Good for tall thin people.
Well I guess Park Slope has become so nice (especially the named streets closest to the park) that even Montgomery Place no longer necessarily commands a premium over the other named streets.
I think that’s what these owners are banking on….that Montgomery alone is enough to add a few hundred grand onto the pricetag.
I think I’d rather be on Berkeley Place, myself. Closer to the 2/3 and Q trains and a gorgeous block.