House of the Day: 535 1st Street Revisited
After Corcoran failed to move it back in 2006 first at $3,500,000 and then at $3,100,000, the limestone mansion at 535 1st Street in Park Slope has just come back on the market for another try with Douglas Elliman. The asking price? $3,675,000. The princely pad is 4,420 square feet large, but we’re not sure…
After Corcoran failed to move it back in 2006 first at $3,500,000 and then at $3,100,000, the limestone mansion at 535 1st Street in Park Slope has just come back on the market for another try with Douglas Elliman. The asking price? $3,675,000. The princely pad is 4,420 square feet large, but we’re not sure why something that failed to sell 18 months ago would now sell for 20% higher in this market. A the very least, it wouldn’t hurt to have some interior photos to look at. (There is one on the old HOTD link below.)
535 1st Street [Douglas Elliman] GMAP P*Shark
House of the Day: 535 1st Street [Brownstoner]
I don’t get it – all over the news are reports that housing is at last set to decline or at least flatten in NYC, and they *raise* the price? There is economic doom and gloom all around – how is this price hike justifiable? Or the original price, for that matter? And how much do comps really matter if they are from the peak of the market when the market has changed?
Just so happens that I also have someone from LPC sitting next to me.
2:43,
Yes please.
“and I’m tempted to get white, which I prefer over brown.”
NOOOOOOOOOOOOOOOOOOOOOOOO!
2:36
You are dead wrong.
Or would you like me to have the person sitting next to me (from LPC) write that for you?
2:36…this is for you…
The Corcoran Group’s Brooklyn regional vice president, Frank Percesepe, talked to The Observer about some of the trends that pushed the average price of an apartment up 8 percent in the borough in 2007, according to the firm’s year-end market report.
“If you look at the numbers, there is nice, mature growth in all neighborhoods,” he said.
The report covered the neighborhoods of Brooklyn Heights, Cobble Hill and Carroll Gardens, Boerum Hill, Fort Greene and Clinton Hill, Park Slope, Williamsburg, and Bedford-Stuyvesant.
“If the price of a two-bedroom in Park Slope dropped a little,” Mr. Percesepe said, “it’s because inventory went down not because the market was performing badly.”
Park Slope:
The average price of a three-bedroom condo rose 11 percent in 2007–the biggest increase of any condo size–to $1.145 million compared to $1.033 million in 2006.
Two-bedroom condo prices dropped the farthest in 2007. The average price dipped from $687,000 in 2006 to $677,000 in 2007, while the median price dropped 4 percent to $637,000 in 2007.
The average price of a studio condo rose from $254,000 in 2006 to $256,000 in 2007.
The average price of a one-bedroom condo rose 3 percent year-over-year, to $444,000 in 2007.
Townhouse prices rose 8% year over year.
2:36, funny how my neighborhood is CHOCK full of white window buildings that were approved by LPC in the last few years. Get over it.
Even with a photograph you will never convince the LPC that there was ever a white window in Brooklyn. Light gray, maybe.
Why do people hate white windows so much? We currently have brown ones in our apt (in a turn-of-century townhouse), and need to get them replaced, and I’m tempted to get white, which I prefer over brown. Is that some huge faux-pas and if so, why?