House of the Day: 275 Adelphi Street
Since 181 Washington Park sold last year for more than $3 million, that’s become the magic number for any homeowner in the area fantasizing about cashing out. Take 275 Adelphi Street, a five-story brownstone just three blocks away. Purchased in 2003 for $1,300,000, the three-family house has had a high-end renovation in the mean-time and…
Since 181 Washington Park sold last year for more than $3 million, that’s become the magic number for any homeowner in the area fantasizing about cashing out. Take 275 Adelphi Street, a five-story brownstone just three blocks away. Purchased in 2003 for $1,300,000, the three-family house has had a high-end renovation in the mean-time and is back on the market now for $2,995,000. There are no real nits to pick here. Time to just sit back and let the market do its work.
275 Adelphi Street [Corcoran] GMAP P*Shark
6:52 pm, you should check this place out. I was fantasizing about this as a reno project. I don’t know what state its in — the photos look almost fake, so much detail — but they do emphasize that it’s a gut reno, so I’d think you’d be putting in at least half a million, if not more.
A good ballpark figure for a gut reno is $125 a square foot for a lean renovation (no fancy finishes), to $250 a sq foot if you want to go all out (by normal people standards, of course, not Brooklyn Heights onyxbathroom gaudy).
Good luck.
I don’t quite understand the square footage. Property shark says the bldg is 47′ long, lot 57 as Corcoran website says. Also, Property shark lists total sf as 3280, which is a far cry from footage on Corcoran. Can anyone explain the difference? Obviously, this greatly impacts price per sf!
OMG that house is so beautiful it makes me hard. OOOOh I just saw the tack black and white bathroom and i ejecoolaated in my ooonderpnts. Not the broker or the seller, but i’m bidding, fook yooz loozers, criticising a beautiful reno in da hood lyke dis. dis is a bargen baby, bye now, now!!
What kind of job could I get that would just require me to read Brownstoner and research comps all day? That’s all I want to do…
For those having trouble seeing the floorplan:
– http://www.corcoran.com/images/media/BldgFloorplans/46359.1.gif
The school is decent. It fronts Carlton and Adelphi with the entrance across from these Adelphi homes. Kind of a mess, yes…but if you work in an office away from home during regular business hrs you won’t have that much issue in the evening. We live not far away and really don’t have much problem with noise from the kids…just food/candy wrappers we have to pick up once in a while…uh…more than once in a while actually. But it is a good crowd of kids. FG has a lot of schools so you see tons of kids on their way to Bishop Loughlin and Brooklyn Tech in the AM as well.
What school is that and how is it?
I agree with 7:31. The fact that it’s across the street from the school, that it’s a 90′ deep lot (and not 100), and that it’s NOT South Portland Avenue or Washington Park, all merit a discount, especially in this market. $200-250K less sounds about right.
Great house and nice area…I live nearby and walk down this street almost daily. Only problem for me is the after school noise and frank commotion from the school kids. That being said I really like the renovation. Will sell for @ least 200K less though in this cooling market imo.