House of the Day: 193 Washington Park Price Cut
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months…
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months of no love from buyers, the asking price for the 6,500-square-foot brownstone overlooking Fort Greene Park was cut last week to $3,625,000, a price that still seems like a stretch in the current environment. Think there’ll be any takers for the 25-footer at this new price?
193 Washington Park [Corcoran] GMAP P*Shark
House of the Day: 193 Washington Park [Brownstoner]
So, do brokers and sellers just not look at comps, then? Does everyone think they’re sitting on something really unique?? I’m shocked. COMPS, COMPS, COMPS. Look at them.
Where is Ft. Greene?
Near Park Slope at all?
– Buyer from Manhattan looking in Brooklyn
To the broker or seller: I can pay $2.2 million CASH for this house and can close immediately. If you are interested, you can email me at: re.1451@yahoo.com.
$3 million WON’T get it done 2:08, because the perfect comp of 181 Washington Park sold for that amount. And there is no comparison in terms of quality of both houses. 181 Washington Park was gorgeous–perfect renovation and top-notch all around. No comparison.
204 Washington Park, listed at $2.8, never sold and was taken off the market.
181 Washington Park, the house that had a museum quality restoration and was pristine, sold for just over $3 million.
The price on this house makes NO SENSE in light of the comps. Seems they’re just testing the market and have no real need to sell.
I think 3 Mil might get it done – It will be really hard pychologically for the seller to accept this though. They no doubt are aware of the current climate, so maybe they are slowly coming back to reality.
3 mil in 6 months.
According to Corcoran’s calculator, a person in the top tax bracket making a 25% downpayment would have an after tax cost of over $19,000 a month between debt service and real estate taxes. Assuming you rented out 3 of the four units for an optimistic $6,000 a month you would still be paying $13,000 to live in a modestly sized apartment. Utilities and maintenace would be additional.
I love Ft Greene and this is a beautiful building but you would have to be brain dead to take on this building at that price! It would take MORE than a fairy tale version of the future to justify this silliness.
I shall purchase this house!!!!!!!!!!!*
*after I get done laughing at the broker and seller and they drop the price to 3mill
Rather amazing that a $250K reduction is seen as chump change these days, but there it is. Could they sell it for $3 million? It is a very large, spectacular house. One would need to still spend some bucks making it a 2 or 3 family, so that makes it even more expensive. Way above my pay grade.
Gotta say, I wish I had those teak herringbone floors. Beautiful!