House of the Day: 712 Degraw Street
At first glance, $1,395,000 for a house on Degraw Street sounded cheap to us. Now we’re not so sure. It turns out that the building is only three-stories tall and 16.5-feet wide. If the two-family house is truly in “great shape” and has “lots of original detail,” as the listing says, it could still be…
At first glance, $1,395,000 for a house on Degraw Street sounded cheap to us. Now we’re not so sure. It turns out that the building is only three-stories tall and 16.5-feet wide. If the two-family house is truly in “great shape” and has “lots of original detail,” as the listing says, it could still be well worth it There’s no mention of any significant renovation or upgrades since the property last changed hands in 2003 for $667,000 but a doubling in price in the last five years doesn’t sound crazy. Guess it all comes down to what those interiors look like.
712 Degraw Street [Leslie J. Garfield] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
wait a minute, is degraw b/w 4th and 5th where all the new construction or bland looking old construction is? this stretch might be one of the fugliest blocks in PS!
can we have a ‘brooklyn’s fugliest block’ contest? maybe “trashy garden of the day” post?
I see Sotheby’s says Jennifer Connelly’s 17 Prospect Park West is under contract. Any bets on what IT went for?
im giving brownstoner the benefit of the doubt, and that he didnt mean he agrees that it makes sense for housing to have doubled in 5yrs, but rather the fact is that they did, and thats why the seller is asking for 2x as much. the term “it makes sense” is misleading (to me).
now lets go back to bashing the price and absense of interior pix. which will rile people up so much they’ll all show up to the open house.
idiot at 2:25, it’s the same historical context. saying it twice doesn’t make your comment any less stupid.
Oops I meant 5 years! Gotta go – already have my printout of this article to take with me to the loan officer! Laters!
Historical context, 2:12. Historical context.
OMG doubling in price every 2 years! I’m quitting my job and just buying up all the empty houses in Brooklyn and in 5 years I can be a trillionaire. I’m sure that when I present this business plan to the banks they will be more than willing to lend me whatever I want – probably with nothing at all down since in 5 years they will all be worth twice what I gave for them. Geez Louise I’m signing off for now and running to the bank! BBL
Market is changing more and more with each passing day, so I would not gauge future even by sales this past spring. Things are changing direction, this house will never sell at anything close to this price.
it actually looks scary. Certainly no money spent on the front entrance. I hope they are not paying Leslie Garfield more than 2%…and I hope the seller is reading this thread.