House of the Day: 472 Washington Avenue
Perhaps the news that the derelict house at 470 Washington Avenue was getting a makeover is what inspired the next-door neighbors at number 472 to put their four-story brownstone on the market just before Christmas. There aren’t enough photos to say for sure, but it appears that the house has retained most of its original…
Perhaps the news that the derelict house at 470 Washington Avenue was getting a makeover is what inspired the next-door neighbors at number 472 to put their four-story brownstone on the market just before Christmas. There aren’t enough photos to say for sure, but it appears that the house has retained most of its original detail. No word on when the last time the plumbing and electrical were upgraded. The asking price of $1,875,000 is definitely in the right ballpark, assuming the market doesn’t take a nosedive this month.
472 Washington Avenue [Corcoran] GMAP P*Shark
A house is on the market, it doesn’t sell. Broker takes it off market. It is put back on the market at a higher price. I don’t get it. Shouldn’t it be the other way around? Put on the market at a lower price.
I hate realtors, they think buyers are idiots and they’re getting something over on us.
Corcoran is notorious for doing this. Slimy way to sell a house.
8.57, I’m sorry, but them’s the numbers, been that way for a while now. A complete shell with no floors or back wall sold on Lafayette in Fort Greene for over 1 million. Gut jobs in CH go for 1 – 1.5 depending on the location. This doesn’t look like a gut, but if extensive near gut work is required, it would too high of a price.
Are you joking, 8:57am?
Please, please, please, show me a brownstone in Ft. Greene that has sold for 1.2 or 1.3. Or is currently on the market even close to that price. I’m in the market.
9:10 — what do you mean that 4 stories in CH cost 1.5 to 2m now? I assume you’re referring to the same kind of condition, a gut renovation project, right? Where are these comps? Maybe Ft Greene occasionally eeks out a 1.2 or 1.3 million sale for a gut reno — MAYBE, though I don’t recall one recently — but no way in hell does CH pull those kinds of prices on disasters like this one. You really think people are that stupid? You sound like such a desperate shill.
This house was listed for rent by the same Corcoran agent, Nicole Thompson-Adams, back in feb07 for $5,500, and was taken off the market in apr07.
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=943304
Then it was listed at $1.7mil and after a year of not finding a buyer, it is relisted at $1.875mil? What am I missing?
The ratio of the annual rent to price is at the historically low 3.5% when nationally, it used to be 5% or higher.
My Bad, I admittedly dont really know much about the neighborhood distinctions in that area, so sorry if I offended anyone.
I won’t live in the burbs myself, but I have to agree with 9:33.
This house is a perfect example of why many people choose to pay 1/3 of the price and live in the suburbs. Why is anyone shocked?
“4 stories in CH cost 1.5-2M now.”
But not in 6 months when it will cost less. Or 12 months when it will cost even less. Prices MIGHT rebound back to those inflated levels in 5-10 years, but only a fool tries to catch a falling knife. And this house is the very definition of a falling knife.