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It’ll be interesting to see what 396 Vanderbilt Avenue ultimately sells for. A pristine brownstone in this location could probably fetch the asking price of $1,995,000, but this place falls a little short of that description. The four-story, two-family house has the requisite old moldings and marble fireplaces but some details have been lost and the house as a whole will definitely need some renovation. Given all that, we think this is off the mark in the current market by at least 10 percent. If not more.
396 Vanderbilt Avenue [RJ Chappell] GMAP P*Shark


What's Your Take? Leave a Comment

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  1. News Flash:

    This property is currently listed for $1,395,000.

    Who saw that coming?

    Also, whoever was following the Brownstone at 69 Saint James Place; it is currently under contract for $1,400,000.

    I did the appraisal for pending sale of that property; the highest I was able to appraiser it for?

    $1,200,000.

    58 Irving Place, virtually identical to 69 Saint James, sold for $1,120,000 in 2008. These people still aiming for the sky? Appears so.

    Seems that these broker’s are not following the market correctly, atleast in these areas. Properties are still being listed at premium asking prices, and are being reduced up to 30% before selling. As a result as well houses are sitting on the market up to a year+.

    Clinton Hill is not Park Slope. Get it through your head =)

  2. Man, I love reading these posts for houses still on the market 12 months ago.

    Really wish some of the folks who logged in as guest had an ID so I could see how they’re feeling about the healthy NY RE market today.

  3. To a novice brownstone buyer in a new area, believe it or not, these posts, good or bad, are very interesting to say the least. When looking to buy a property, a seller can describe his property in a way that he sees his property, or his description can be an outright lie, but ultimately the buyer decides for himself when actually spending time in the area and seeing the property. Online exposure to a property for sale helps a new buyer looking in a new area to the extent that a property exists.

  4. Racist? Please, I’m black and grew up in Coney Island. The triple steel door and the bars on our windows weren’t there to keep out white folks!

    Do your research. The overwhelming majority of B&E’s in Brooklyn are done by minorities, mine included.

  5. Back to the house. YEs, the interior is hacked up, but not so bad as others. The exposed brick means that you’ve got a clean wall to work with, at least, rather than 50 layers of cracked and patched plaster and lead paint. If the foundation and infrastructure are solid, I say the price is reasonable. If there are structural issues, it’s high.

  6. So the renters should buy something, because if they don’t, the terrorists win. But if the renters are the terrorists, then, uh, hmm?

    Could you summarize your stance in a powerpoint presentation, please, 8:30?

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