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
When estimating the price of townhouses in FG, should we count about $500K or more per floor for a well-renovated/finished house and about $350-400K per floor of a house that needs a real renovation?
Am needing guidance. It seems like even some of the not-so-hot places that need light renovation have recently gone for 500K per floor (i.e. 2M for a 4-story house) in the most convenient parts of the neighborhood.
5:31 gets my vote for best comment so far.
Thanks 7:05, you have truly raised the bar!
2:24 why if you like the house are you not buying it?
other commentors, wow i never read such boring comments in my life.
Can someone estimate what we should expect to offer for a 4-floor “regular” townhouse in prime Fort Greene that needs a real reno? Basically, by “prime†I mean “prime commuting walking distance and decent shopping‖anything south of DeKalb and west of, say, Clermont, like a couple blocks to the A/C. By “real reno” I mean, new everything like windows, electric, heat/hot water systems, bathrooms and kitchens but the bones are decent with some details still intact…maybe new interior woodwork around windows and some new doors, whatever.
We have looked at a couple of places and don’t want (can’t afford) the really big houses like on South Portland and the park. And we don’t like the smaller ones on Carlton between Greene and Layette…saw one and its “garden†floor was really only a cellar with windows. We’re more in the market for an in-between sized brick rowhouse like on Lafayette or something.
The backyards in most of FG are not that deep like they are in Prospect Heights but really, it is more the convenience to all the trains in FG and the feel of the neighborhood we like. Truth is, we live here now and don’t want to leave.
Are all prices in prime FG near the trains well north of 1.6 even for places that, frankly, need a real reno?
Your thoughts on:
Is it worth dropping 2m on a basic double-duplex or owner-duplex-plus-two-rentals in prime FG that is in “okay” shape, not needing major reno but freshening up?
Are the ones that need full renos going for 1.5? Is the nabe going to remain “golden†or at least stable through this downturn?
We don’t want to lose a bidding war again.
Feedback please. Thanks!
I think 5:59 has something very solidly wedged up his ass.
I’m sure it is “perfect”, if perfect is what you want. Frankly, it looks a little sterile and luxury hotel-ish to me. But who cares what I think. It’s a big, big house in a great location that needs not a thing done to it. It’ll sell for close to ask.
Corcoran brokers are you listening? Whatever you just did to your website means the floorplans are no longer available to buyers who don’t use microsoft explorer. Please change it back. Many buyers, like myself, just assume you don’t have them available because a photo of the 2 brokers pops up instead. Very lame. Also, it means potential sellers think you aren’t doing your job because you don’t post floorplans.
5:59: Are you from the burbs? You sound like a total ass.