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While the listing is woefully lacking in interior photos, we’d be willing to bet that there are some pretty nice old bones inside 491 1st Street. (The listing cites “pocket doors, shutters, stained glass, front & back bay windows, parquet floors and woodwork.”) The four-story brownstone is lovely from the outside and happens to sit in the middle of a row of equally charming houses. The house is a slightly smaller scale (18 feet wide, small top floor) than many of the houses that grab headlines in this part of town. Luckily, then, it’s also priced lower at an even $2,000,000. The big question, then, is what the renovation will run? If you can do it for $300,000 or $400,000, then this is probably a decent deal. If you’re talking $700,000 or $800,000, then this is a tougher sell.
491 1st Street [Townsley & Gay] GMAP P*Shark
Photo by Kate Leonova for PropertyShark


What's Your Take? Leave a Comment

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  1. I think Park Slope is 25% overvalued right now. I mean, $2mm for this nice, but nothing extraordinary house? That needs work? In an overcrowded school district? I think The What is right.

  2. You can do this reno for 500K, in which case it’s still priced a little under market…
    I mean, that 3 bedroom condo on Montgomery Place that was “just recently sold” sold for over 2 million. I’d think a nice house on one of the best blocks would get that easy.

  3. Looks like you’re going to need to move the kitchen to a different floor and eliminate the rabbit warren of rooms on the top floor…I say the reno costs are going to be at the high end of your range
    After all, the listing says “bring your contractor” (not even “bring your architect”)…not a good sign.

  4. That was my first thought as well, 1:37, especially in the close ups on the T&G site. The Eastlake style spoon carving, and the other decorative details, along with the upper bays, with the handsome corbels, make this a really beautiful group of houses.

    Worth 2 mil? Can’t say, as all of Park Slope is absurdly high, but the curb appeal is certainly there.

    Montrose Morris

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