House of the Day: 242 Washington Avenue
We had already started to write up 242 Washington Avenue as a House of the Day when it hit us: We’ve been inside that house. We were guests at a lovely al fresco dinner party last summer. In fact, Mrs. B had just been talking about how the owner’s duplex would make a good interiors…

We had already started to write up 242 Washington Avenue as a House of the Day when it hit us: We’ve been inside that house. We were guests at a lovely al fresco dinner party last summer. In fact, Mrs. B had just been talking about how the owner’s duplex would make a good interiors post. Given the conflict of interest, we’ll steer clear of opining about the $2,300,000 asking price, and just say that the owner’s duplex of this five-story, 5,500-square-foot house is really nicely done in a simple but elegant manner. We’ve never seen the upper three rental units, but judging from the photos they’re not as nice. They do, as the listing points out, generate over $50,000 a year in income. This’ll be an interesting one to watch.
242 Washington Avenue [Corcoran] GMAP P*Shark
Where is the What?
We want to know what The What has to say We like THe What. Mr. Brownstoner is no longer necessary and is dispensible. We want The What! The What for President.
“The time has come for Mr. B to get out of his blog bubble.”
Agreed
“Basically every day now, you have more and more investors leaning toward the camp that yes, this is going to be a recession, and it could be a severe one,†said David Kovacs, a quantitative investment strategist at Turner Investment Partners in Berwyn, Pa.
Groundbreakings for new homes fell last month to their slowest pace in 16 years, the government said, and economists expect the market to soften well into the middle of this year.
The time has come for Mr. B to get out of his blog bubble.
Stock markets plunged on Thursday as investors confronted a troubling manufacturing report and new indications of the depth of subprime losses and housing woes. The Dow Jones industrial average lost more than 300 points.
The Standard and Poor’s 500-stock index, a broad measure of the financial markets, tumbled below its low for last year, set in March. At the close, it was down 2.9 percent after giving up early morning gains, bringing its decline since Jan. 1 to 9.2 percent.
The Dow Jones industrial average ended down 306.95 points, or 2.5 percent, at 12,159.21, and the technology-heavy Nasdaq composite index was off 2 percent.
A dismal report on manufacturing activity caught investors by surprise on Thursday morning, sending the main indexes into the red after an early stint in positive territory.
The Federal Reserve reported that a survey of Philadelphia-area manufacturers contracted much more than expected. A similar drop in the index occurred in early 2001, just before the onset of the last recession.
4:41pm you should fire Corcoran, take your own pic, lower your asking price( see comments), put on FSBO above and don’t waste money paying for a broker that does absolutely nothing
If you like being the live-in super/landlord of a small apartment building I guess this is fine.
I can deal with one rental family in my house but not three. I don’t care how much money they bring in, and frankly, I don’t think 50,000 is worth it. Not if you have to carry this size mortgage.
The facade of the building looks messed up too. The dormers are original but the cornice is gone and they look like they were stuck on as a result.
I’m not loving it.
I’d drop Corcoran like a hot potato if I were you, 4:41.
Brown Harris Stevens is a better option for high end homes in Brownstone Brooklyn.
Or even Douglas Elliman.
Take a look at Corcoran’s track record as of late. I see almost ALL of Minsky’s listings sit and sit and sit and sit….
All at ridiculous prices!