House of the Day: 41 St. Marks Place Revisited
Are we surprised that 41 St. Marks Place just underwent its second price cut? No. Do we think there will be more to come? For sure. The listing has been a disaster from the beginning. After hitting the market in mid-January for an insane $3 million, the three-family house was cut almost immediately to $2,650,000….
Are we surprised that 41 St. Marks Place just underwent its second price cut? No. Do we think there will be more to come? For sure. The listing has been a disaster from the beginning. After hitting the market in mid-January for an insane $3 million, the three-family house was cut almost immediately to $2,650,000. The 3,600-square-foot has now been cut again to $2,450,000. In addition to the mispricing, the presentation is abominable—Elliman should be embarrassed about this one. The crappy, overexposed photos only work against it. We took about five seconds to press the “enhance” button in iPhoto and improved them to what you see above. But who took the photos to begin with? That kid in the back hallway? This price has a ways to go, in our opinion.
41 St. Marks Place [Douglas Elliman] GMAP P*Shark
HOTD: 41 St. Marks Place [Brownstoner]
Those pictures are uglier than my sister-in-law in the morning. I think I could take better pics with a disposable digital camera. They are only equalled by the atrocious text, with all due respect to Lara. “Rent roll is almost $95,000.00 per annul”. Does that mean the buyer gets $95K for every broken marriage? What an atrocious listing.
If the garden is so “lovingly,” I wonder why there aren’t any photos of it.
Don’t give your house to a broker who knows nothing about selling houses. Elliman does not have a presence in The Slope. Too many brokers—- biggest culprit is Corcoran, overprices their listings. Mass marketing at its worst!
2:47…
So does it need a price drop because it’s overpriced or is the market tanking?
Those are two very different things.
You say it’s overpriced by 600K but is that because of the market or is that because this particular house is way overpriced by an incompetent broker, as you say?
You can’t have your cake and eat it too.
An overpriced house in a b location is not the same as a market on the verge of collapse.
Especially not when houses on St. Marks near 6th and 7th are routinely selling for 3 million dollars. Or on Lincoln Place for 250K over ask.
If the broker gets their price, I think its safe to conclude: “Then the terrorist win.”
This location isn’t Park Slope. A similar house in the Center Slope would go for a lot more.
I’m just curious: Do any owners actually look at the listings for their properties? I would be furious if I was paying 6% of $2MM+ to such an incompetent broker.
This place needs to get chopped $600k more and even then it is still overpriced. It’s gonna be a fun time watching the real estate market over the next few years. 25+% drops in non-prime areas (this listing is in one of them) followed by years of stagnation. These idiot brokers are certainly working hard to earn their place in the bread line this year.
Repeat after me: “It’s not 2006, it’s not 2006, it’s not 2006…”
Houses on Wyckoff Steet right by the projects (which is the same street as St. Marks, only down in Boreum Hill) have sold for 1.5-1.7 million lately.
No way this place goes for less than that.
This place will fetch at least 2 million.
Sorry kids…people want to get into Park Slope these days more and more.
I know you don’t like to hear it.
I don’t like this end of St Marks… I like St. Marks closer to Flatbush and the Propsect Hts side much better. Ft. Green place is better for at this price…