House of the Day: 72 Middagh Street
When we first wrote about 72 Middagh Street, an old wood frame house in Brooklyn Heights, back in 2006 it was in need of a major makeover both on the inside and out. That didn’t stop it from fetching the full asking price at the time of $2,395,000. Now, exactly two years later, the new-and-improved…
When we first wrote about 72 Middagh Street, an old wood frame house in Brooklyn Heights, back in 2006 it was in need of a major makeover both on the inside and out. That didn’t stop it from fetching the full asking price at the time of $2,395,000. Now, exactly two years later, the new-and-improved version is back on the market with the Corcoran broker who bought it in ’06. To our eye, she did a fantastic renovation job, preserving the original elements while putting in modern but tasteful kitchens and bathrooms. Given the private driveway and carriage house, the new asking price of $2,995,000 seems reasonable to us. The neighbors must be happy too.
72 Middagh Street [Corcoran] GMAP P*Shark
House of the Day: Woodframe on Middagh [Brownstoner]
Hey Asshooloos!!!! The 30 year Treasury Auction was a fucking disaster today. I know most of you are fucking clueless and don’t know what that means. Interest Rates will be going up very soon. That will put the last nails in the coffin of the Real Estate Mutant Bubble.
Here Asshats read this. Yummy fun from Bloomberg. Chew it down now, no gaging. LMMFAO!
Exploding ARMs Roil Bernanke’s Drive to Calm Markets (Update3)
http://www.bloomberg.com/apps/news?pid=20601109&sid=aX74xQnVfBfI&refer=home
The What (Whoo Hoo!!)
Someday this war is gonna end…
2:18, I interpreted Johnife’s comments a little differently. I read him to be suggesting that this reno shows that you can do a serious reno for much less than the $100k per floor number that people often post here. His comment assumes, I think, that the house is priced to reflect a significant profit. Which leads me to agree with 1:59, who distinguishes between a gut reno and lighter fare and seems to imply — and I will go ahead and say it — that the pricing suggests that this was probably a cosmetic touch-up restoration, with nice fixtures and appliances. The ad doesn’t seem to represent otherwise. Not that I have anywhere near the money, but I would be reluctant to pay even that 25% mark-up which is largely a renovation premium, if it were not, in fact, a real renovation and if I thought I were taking the risk that I would have to do it all over again to deal with the innards. If the seller and broker are honest about what was and wasn’t done, that’s fine (as long as no lurking problems were found and ignored), but I often suspect that there is the hope that the nice finishes will create the impression that there is nothing to worry about underneath. Buyers ought to kick the tires hard on this one, but I suspect many won’t.
yay! the What is back!!!
where ya been the last few weeks?
2:35, I’d say front-in, three-point turn in back yard, and front-out. May not be an option for Hummer owners, however.
i am selling my beanie babies, and cashing in my pets.com stock options and buying this
place
This house looks like former HOTD Hall Street pretty cousin…
The driveway through the house is interesting.
Would you be inclined to back your car in?
Or back it out?
Ummm, 2:28, did you even look at the “before” photos in the link to when it was HOTD in Feb 2006?
I can’t believe Landmarks approved this facade. Shame on them.