House of the Day: 13 Cranberry Street
With all the ado about 155 Warren Street last week, it seemed like a good time to take a gander at 13 Cranberry Street. Located between Columbia Heights and Willow, the 25-footer is pure Brooklyn Heights goodness. At 4,600 square feet (as opposed to over 7,000 for the Cobble Hill house), the single-family pad has…
With all the ado about 155 Warren Street last week, it seemed like a good time to take a gander at 13 Cranberry Street. Located between Columbia Heights and Willow, the 25-footer is pure Brooklyn Heights goodness. At 4,600 square feet (as opposed to over 7,000 for the Cobble Hill house), the single-family pad has all the old-school architectural details intact along with some modern improvements (like the kitchen) to go along. So what price princeliness? A cool $8,000,000.
13 Cranberry Street [Douglas Elliman] GMAP P*Shark
Haha, holy jeebus!
There’s a 5K sq ft house near me on 31st and 2nd in MANHATTAN asking that much… and it has a garage!
Do they seriously just throw a dart at a number and multiply it by a million to figure out the price these days?
Rich people do want value for their money. 8 million for this house is just WAY too much. Maybe 6 at best.
I think people are realizing that the overall quality of life is just better in the city. Brooklyn is a wonderful place. And they’re not making any more Brooklyn (maybe a little – but not the real deal.) So if you’re in the zone where you can even think about spending 20 million dollars for an apartment – or a townhouse on the upper east side – then you at $8 million and think, well, I get a lot of value for that. It’s not that these prices are insane as much as other prices are more insane – and why not split the difference? (You could go to North Salem and spend two million, get a couple acres and commute two hours or more each day. It just depends what you can afford and what you want, no?)
7:24 = Crazy Eddie
Why not price it at 10 million or 12 even.
These prices are insane! I think they just pick out a number off the top of their heads.
It will not sell at 8 million. No way.
This house is simply beautiful (I live a few blocks away) and the block is one of the best in the Heights. Lesser houses in the Heights have been offered at higher prices (71 Willow? Remember that one?). And prices have been ridiculous for some time now. Why the surprise?
This house was a complete wreck eight or nine years ago. The story I heard was that it had been inherited years earlier by a pair of brothers who didn’t talk to each other and it just sat. It hadn’t been lived in for many years and was basically abandoned. (Anybody know the real story?) There were holes in the roof and serious water damage and the family that bought it invested a great deal of time renovating it. Cranberry Street is a very pretty street – a lot like the village. This price seems very high unless you compare to the upper east side (or the village for that matter) – in which case it seems reasonable. And it is literally five minutes from Wall Street. The Moonstruck house is two doors down and that was for sale a while back – I don’t think that it sold. But it appeared to need a lot of work.
Then he should also supply the riblets and ginger ale to keep this party cookin’!
I think the seven figure earner will buy both and give away the snacks to the needy for the tax deduction.