House of the Day: 266 Berkeley Place
The four-story brownstone at 266 Berkeley Place is a prime property, don’t get us wrong, but the $3,250,000 asking price strikes us as rather out-of-sync with the current market, especially gi. First of all, it appears to not be configured for the most likely family buyer in the this location: The listing calls the house…
The four-story brownstone at 266 Berkeley Place is a prime property, don’t get us wrong, but the $3,250,000 asking price strikes us as rather out-of-sync with the current market, especially gi. First of all, it appears to not be configured for the most likely family buyer in the this location: The listing calls the house “multi-family” while PropertyShark says it’s a two-family. Secondly, the kitchen and bathroom renovations don’t, in our opinion, rise to the level of the rest of the house. (And there’s also the issue of the recessed lighting on the parlor floor—just say no!) While these may seem like nits, most people gearing up to pay the estimated $27,000 a month (that’s per the listing not us) in carrying costs will care about every last detail.
266 Berkeley Place [Bellmarc] GMAP P*Shark
Normally I agree with you, Mr. B., but I don’t get the aversion to can lighting. These houses were built to have one chandelier in the most useless place for lighting possible–the middle of the ceiling. Can lights are unobtrusive—you can get really small ones. They’re much less ugly than track lights.
Are you arguing that there should only be table lamps, floor lamps, and sconces? Gonna be hard to see that Kandinsky, sir.
3:09…why did you sell. You got congratulated on “being smart to get out now.” Where did you go??? What did you give up and what did you gain by selling??
I’m not trying to provoke something here just curious as to why you “got out” and what do you think you’ll accomplish by that.
“If there’s crown molding, skip the recessed lighting.”
I find that silly. Should one also avoid any furniture designed after 1880?
Sorry Mr. B but in order to highlight artwork its the ONLY way to go. I’m not talking a lot of recessed lighting but unobtrusively it really works. However, even the 4″ ones are too large in some applications. You can even get the Victorian pushbutton light switches with dimmers!!!
Now track lighting is a whole different issue!!!! But lets keep on track here.
Looks like there are two rentals in the building total, not two per floor. Adjust your math accordingly.
I will eat my hat if this sells for this price – renovation looks cheesy and it’s an awfully steep price. What I don’t get is the school thing. I know people say people who pay these prices just do private school, but then why would they want several rentals? It doesn’t add up to me. Plus, I just find this house unattractive and the price very high. We recently sold our place and every single person I’ve talked to has congratulated us as being smart to get out now. Friends of mind putting their apartments on the market are having a hard time selling even in prime PS. I know apt market and townhouse market are different, but eventually, flagging apt sales have to have an effect on the townhouse market too…
i do it.
it’s pretty darn easy.
you guys act like it will be a breeze being a landlord to multiple tenants
it ain;t easy
Look, we’re not saying that one should never use recessed lighting (a back hallway or walk-in closet maybe?) but it’s totally incongruous in an elegant parlor floor setting. In fact, we’d venture this rule of thumb: If there’s crown molding, skip the recessed lighting.