House of the Day: 475 4th Street
This two-family brownstone at 475 4th Street in Park Slope just hit the market for $2,995,000. It’s a gorgeous house in move-in condition with tons of original woodwork (and no recessed lighting!). It also feels like it’s priced as if it were a year ago. Frankly, we’ve got no idea how this will fly. It…
This two-family brownstone at 475 4th Street in Park Slope just hit the market for $2,995,000. It’s a gorgeous house in move-in condition with tons of original woodwork (and no recessed lighting!). It also feels like it’s priced as if it were a year ago. Frankly, we’ve got no idea how this will fly. It certainly is a nice enough place that a potential buyer could fall in love and just have to have it; on the other hand, we wouldn’t be surprised to see it ultimately fetch a couple hundred grand less. What do you think? There was an open house yesterday. Did anyone check it out?
475 4th Street [Brooklyn Bridge Realty] GMAP P*Shark
Why are you people looking to buy in Park Slope so much…. Get out of the BOX… There are other areas in Brooklyn that have the same architecture even better in and even cheaper houses. Ft. Greene/Clinton Hill is really nice, has a great feel even Crown Heights and Stuyvesant Heights has great old brownstones better looking than this one. Yeah the schools are great in PS but if you have a 7 year old in 3rd grade you have two years of this great school and then what??? 2 years of schooling for 3 million are you guys that crazy??? Some of you “UWS” people look outside PS it is not the only place in Brooklyn
I live in Williamsburg and most of my Manhattan friends are not even sure which train it would take to get here, let alone ever think of stepping foot in anything farther than one accidental stop over the river on any train at all. I have one friend who is 44, born and raised in Manhattan (UWS mid 70’s), and it took me 6 months of nagging to get him to come visit me. He finally did last month and said it was the first time in his life to ever leave Manhattan except for one childhood trip to Disneyworld. The whole time it was as if he were a frightened rabbit. He refuses to come back. Said he would get lost so I have to go back over there to see him now. Another friend kept telling me how she got lost in DUMBO after taking a stop too many on the F and tried to find the A and thought she would get mugged. This was mid-day last year. She hasn’t been back. Yeah, they are leaving Manhattan in droves to get here. Nice try.
I have to agree with many that this one is overpriced by a fair bit. The house on 2nd street, between the Park and 8th which finally went into contract after two price drops, was listed last at this price. FAR better block, larger, closer to the Park, no high school smack in front of it, etc.
I also must agree with 5:57. It does happen. We lost out on a dreamy home in Fort Greene just a few months ago. Multiple offers inside of one week.
The right homes in the right locations with the right list out of the gate go quickly. True.
And this damned talk about recessed lighting irks me. Get over it already! There are no rules. Its like “no white after Labor Day or before Memorial Day” stupid.
I have to admit that my Manhattan friends would sooner DIE than move to Brooklyn. To them, Park Slope is Outer Slovenia. Really.
That’s just the way it is.
everybody knows that the only reason to buy in Manhattan is to use it as a stepping stone to eventually get to Brooklyn.
What are you brokers smoking on this site anyway?
Not following your logic there, 8:28.
I’m being serious that I’m finding the Park Slope townhouse market more frantic than I’ve seen it in a while. I think people think we are at bottom and are trying to cash out in Manhattan and upgrade to a bigger place while they can.
desperate brokers?
are you kidding?
The hundreds of couples who are selling their 2-million dollar apartments in the Upper West Side and frantically searching for the brooklyn house of their dreams is growing every day, they are literally swarming across the Brooklyn Bridge, the great lawn in central park may be ruined by thousands of frantic west siders racing each other to get to Brooklyn first. By the end of the month the median price for a browstone will probably be up another million dollars. brokers are trying to preserve order. it’s a tough job but someone has to do it.
2:43 here – I actually think we did leave money on the table, but are OK with that, since we made so much more than we purchased for. We had other reasons for selling when we did, but it also seemed to make sense to pocket the gains when we could – rather than pricing things even higher and letting the property linger and/or risk a drop in value. My point is that we preferred to sell quickly and fairly (we actually had a bidding war since our place was probably a bit underpriced to start) rather than ask the moon the way some sellers seem to these days. I too have noticed that a number of townhouses we’ve seen (yes, in prime PS) have had brokers tell me in no uncertain terms that the prices are very negotiable – but why then start with the prices so damn high to begin with?