House of the Day: 520 11th Street
Did anyone make it to the open house at 520 11th Street last weekend? The three-story brick house has lots of character on the inside but it is only three stories and not in the ritziest part of Park Slope. As a result, we’re hard pressed to see how anyone’s going to cough up the…
Did anyone make it to the open house at 520 11th Street last weekend? The three-story brick house has lots of character on the inside but it is only three stories and not in the ritziest part of Park Slope. As a result, we’re hard pressed to see how anyone’s going to cough up the $2,250,000 asking price for this baby. Waddya think?
520 11th Street [NYT FSBO] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
Actually, I’ve seen a number of places chop their prices after coming on market overpriced. There’s a house on 11th St bet 6/7 that Corcoran is pushing at 2.2 and now they’ve given the same listing to Oricchio-Andersen for 1.995, and I even saw a FSBO post for it at 1.7 (talk about desperate). Another house, 6th Ave bet 6/7 Ave started just above 2mil and has been slashed about 200K. And don’t forget that Corcoran HOTD on 3rd street that shaved off 100K after just one day on the market (second thoughts, I guess) but is still lingering. Owners – stop being greedy, price it right, and you’ll come out just fine (and still make plenty more than you paid originally, if you bought it anytime before the last 4-5 years…)
Not sure why all that crap repeats to bust up posts, but 8:58 sounds right on the money. Over $2 million seems a real stretch for this property. Hope springs eternal, it seems.
I would put an offer in for this place at $3m. Sure, it lacks some things, but in the end, I think Park Slope is only going up. EVERYONE wants to live there. Nice place!
I saw this place with a broker who knows the owner – even the broker conceded that the owner overpriced it. This place has been on the market well over a month now, and I doubt there are any bites at this price.
By the way, another former HOTD (5th St bet 6/7) just lowered their price by over 200K – people in this market need to learn to be careful not to overprice right out of the gate – the property will just linger and linger and then price cuts will happen but by then it may be too late. 601 President was fatally overpriced and had price cuts many many times until it sat at 1.4 for almost a year and then the owner had to just take it off the market – if it sits too long, it gets stigmatized and people start to wonder what’s wrong with it. Much smarter in this market to underprice a bit and hope for a higher offer – I bet if the owners had put this on at 1.5-1.6 it would have been snapped up fast – anything above that is actually a bit risky IMO, and the current price is simply ludicrous.
You tell’em Nokia!
FG is v-e-r-y convenient. It can be a little bit of Williamsburgh and and a little Park Slope and you can walk down to BAM for a movie in, like, five minutes. So, ephing easy that way. I always here my PS friends say,”It’s only 7 blocks to the subway from my house!”…and I think…uh, my house to the subway is a block or two and I have tons of choices, get to most of Manhattan without having to change trains.
I always get a kick out of people suggesting that Ft. Greene is too far from subways. I think ‘huh??’ then I think, well, let them keep on thinkin’ it. Keep FG a little weird, (to borrow from Austin) And for God’ sakes, keep out the Park Slope riff raff 😉
But seriously, FG is actually far better positioned for quick trips into Manhattan than most of PS. Unless we’re talking those parts of North Slope within a quick walk to seventh & Flatbush.
And I stand by my earlier posit that this place may just be about a million over. Especially since learning about the owner’s “specific” & “special” taste and that firehouse.
But I love what the poster earlier said about “you people. Please. The owner can damn well set any price he likes. If he gets it, God bless.” I’m paraphrasing.
“Ft Greene is too far from decent subways and the only affordable rentals are by the navy yard.”
?????????
Uh…
Fort Greene has major transportation. Hello.
It is a tiny nabe really with the Atlantic/Pacific/LIRR hub and the DeKalb, Lafayette and Fulton G stations to round it out.
I think a lot of the cheaper rentals you’re talking about are in Clinton Hill which, yes, is far from the subway. The Landmarks Districts have Vanderbilt Ave. as their boundary.
Frankly, I didn’t know one could say there are any “affordable rentals” anywhere in FG. The extreme northern side of FG may be cheap for all I know…but most of FG is pricey to pricier.
Hey, if you’re looking in this price range- I have a 25 x 60 duplex with a 1500 sq ft. basement that I will be moving from in one year. It’s in prime Slope (8th and Lincoln) in a five story brownstone, dripping with details, garden, terrace, 14 ft ceilings on the parlor floor, huge rooms, great kitchen- fancy appliances, 2.5 new bathrooms. Oh . . .and three bedrooms.
7183981690
Ft Greene is too far from decent subways and the only affordable rentals are by the navy yard.
it does have much better housing than any below 12th street tho. Not a better mix imo tho.
puerto ricans and polish win me over.