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
2:09 – excuse me, I must take umbrage at “all the away out in friggin CG” – Cg is not “all the away out” anywhere – it is four stops from Manhattan and incredibly convenient to downtown brookyn and all other fun bklyn neighbs. Of course I agree the price is CRAZY.
Regarding FAR and developers: it’s 2975 under FAR. Developers need to make a profit. There is no way they could make a good profit if they buy this house at the asking price.
I would just like to take this moment and thank the regular Brownstoner posters who have helped make the word asshat part of my daily vocabulary. Everytime I see it here I giggle. Thanks for the laugh, 2:03!
I live in the neighborhood, right around the corner. I have every reason to hope this house got that price, as it would mean my condo would double in value. But that price is insane.
I know half of the deal is the air rights, but even then, the numbers don’t line up. At that purchase price, how could you afford to double the square footage, pay for all that work, and still plan to eek out a profit? Even if you were to expand it to live in yourself, the numbers still don’t make any sense.
Yep, broker duo and seller came out to play… early. No way anyone would notice the kitchen issue and then specify that one is in the rental. No way…
Hedge funders, in my experience, are generally pretty smart with their personal finances. They would not overpay by $1 million for a house all the way out in friggin Carroll Gardens.
The whole UWS transplant argument is so old. Please. I live on the UWS and am cashing out soon, but I know the Brooklyn market well enough to not blow my money on an overpriced house.
nope. it’s quite obvious from the pictures.
there are shots of two different kitchens. one ha stainless, one has white.
the cabinets are different too.
all you have to do it look at it, instead of talk mindless drivel.
No way is this house worth the asking price. Yes, 3rd place is a lovely block, but the house is only three stories. Either this is a mistake or someone is smoking something really heavy. Unless, of course, they find the fool who’s willing to pay it, then that’s another story altogether. As for 1:53 saying that “15 years ago Carroll Gardens was the armpit of Brooklyn…”, please, you must be a newbie or you don’t know what you’re talking about. I grew up in CG, am 50+ years old, I still live in CG, and it was never an “armpit.” It was always a nice, relatively safe, solid, middle- to working-class neighborhood with good amenities for its residents.