House of the Day: 78 3rd Place
When did average-sized houses in Carroll Gardens start being worth over $3 million? Whenever it was, we didn’t get the memo. Last month, it was 44 1st Place, a generally attractive but inconsistent four-story house asking $3,842,500. (One reader wrote us a particularly nasty email about our stance on that post.) Now it’s 78 3rd…
When did average-sized houses in Carroll Gardens start being worth over $3 million? Whenever it was, we didn’t get the memo. Last month, it was 44 1st Place, a generally attractive but inconsistent four-story house asking $3,842,500. (One reader wrote us a particularly nasty email about our stance on that post.) Now it’s 78 3rd Place, a 3,100-square-foot, three-story brick that, while 23-feet-wide and full of charm, doesn’t feel like it’s worth quite $3,495,000. Are we just out of touch with the Carroll Gardens market or sellers overreaching?
78 3rd Place [Corcoran] GMAP P*Shark
who needs two bathrooms, 2:26? the “hedge funder” who buys it can use the toilet on his helicopter.
ONE BATHROOM in the owner’s duplex???? The broker is insane. No way is this place worth $3.5
This is a single family (A4) classification. At least according to the Finance Dept. The Building Dept. does not have an image of the C of O on line. Anyone looked into this?
Does this have a rental? If it does, it’s illegal unless the CO has been changed to a 2 Family or more.
Now here’s the catch. There has been no COMPs for an A4 that has sold over $2 Million within 2 years and 1/2 a mile. So where will the buyer get comps for the mortgage company?
Even if a Buyer wants it, they still need the comps.
Anyone has different information?
Really people. I think you should look at actual comps first before deciding it’s over priced. Now that I have…. YES! It’s way over priced.
Investor Lou
Thank you 2:25–exactly.
2:17 – no insult intended to Caroll Gardens. I live in Cobble Hill and love CG(don’t particularly want to see it too polluted with hedge fund types).
My only point was that CG is not Brooklyn Heights and, four stops from Manhattan or not, it is a bit of a trek to get back across the river for the wife’s hair appointments and shopping trips. Most hedge funders take cars anyway, and that’s quite a drive from 3rd Place to Manhattan. No way someone is paying almost $3.5 mil to live there.
While I agree the house might be a bit overpriced, my friend, who is a successful Colorado gold panner is fixin’ to bring his wife and young son in for a look this week and is prepared to pay in, of course, solid gold. It’ll get asking.
i don’t much care for caroll gardens.
too sleepy and provincial.
with undertones of organized crime and racism.
2:16–there is only one person you should be thanking for “asshat” and that is The What.
2:09 Way out in Carroll Gardens? Carroll Gardens is not that far out. It’s much closer than most Brooklyn neighborhoods discussed on the board. Way closer than Park Slope or Windsor Terrace or Prospect Heights. It’s a fifteen minute walk to the Heights.