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
So there’s JC’s place, and then I look at the Amity Street listing at Brown Harris Stevens. $4,995,000! Now maybe it won’t go for that, but I think 3:13 has a point. How much “give” is there in the prices at the top end, I wonder.
Brownstoner, can you please furnish link to closing price of the 3BR from yesterday? Thanks
“With gas prices going this way, are people REALLY moving to the burbs these days???”
No. They’re falling for the whole “URBANIZATION” hype. Sheep.
“I was going to move to the burbs, but with prices coming down in Brooklyn finally (and more to come), I am going to stick it out.”
Good things come to those who wait. The hidden costs of living in the burbs (taxes, transportation, etc.) make up the difference.
I hanker for a hunk of cheese.
“By the way, where is the evidence that the 3BR yesterday sold for 1.599? I thought Brownstoner saw the actual recorded deed showing it sold for 1.4.”
Let’s see it then.
“I can say with relative certainty, that you will be waiting tables at a tgi fridays in a year.”
I’m a tenured professor. I only wish they’d let me out of here that soon…
5:13 here, meant to say “numerous recent price *cuts*” at Corcoran. Read em and weep (or rejoice, depending on your perspective).
Yes, I think realtors/sellers are overpricing – mainly because they’re terrified they won’t get ask so they price high to begin with. But, as the numerous recent price at Corcoran show, the strategy is not working. The economy is in a rough patch, layoffs in NYC are happening left and right, and plenty of people would rather rent right now than buy something overpriced when a correction is so clearly on its way, and just beginning. Prices are still sky-high, but starting to come down…
By the way, where is the evidence that the 3BR yesterday sold for 1.599? I thought Brownstoner saw the actual recorded deed showing it sold for 1.4.