House of the Day: 430 10th Street
The three-story house at 430 10th Street has a nice feel to it. Although relatively modest in size and demeanor, the building has some nice original details in addition to a new deck and updated kitchen and baths. The house sold for $1,200,000 in 2005 and is now asking $1,865,000. Think they’ve got a shot?…
The three-story house at 430 10th Street has a nice feel to it. Although relatively modest in size and demeanor, the building has some nice original details in addition to a new deck and updated kitchen and baths. The house sold for $1,200,000 in 2005 and is now asking $1,865,000. Think they’ve got a shot?
430 10th Street [Timothy Norton] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
I think Brooklyn’s name, cache and brand right now are super hot. I mention Brooklyn to people who live outside of NYC and what once got me looks of bewilderment, now get remarks of envy.
When did this all change?
I have to speak up for Montrose Morris — I love her comments and always find them thoughtful. The snide commenters are inappropriate.
people pay for PS for the park, architecture and amenities – not the people. In any case, I think the manhattanites and the hippies are basically the same people. The hippies are not really “hippies” – they’re just drippy people who dress badly and are relatively humorless. There are plenty of those on the UWS – which is where the PS hordes are coming from.
ok 4:32, I was not arguing that Manhattan is cheaper than park slope (though parts of it are certainly comparable at this point, especially for rents). I was arguing that your $8 million UWS house would most likely not have gone for $5 million 3 years ago – it’s the breathtaking increases that sellers continue to demand (and buyers continue to pay in many cases) in Park Slope and other areas of Brooklyn that seem so out-of-whack with the rest of the world. The disparity between Park Slope and Manhattan prices is disappearing, and also prices in other alternative areas including near suburbs, Queens, etc. are going down, just as prices are beginning to do in Manhattan. So unless a buyer is absolutely set on Brooklyn, and has extremely deep pockets, that buyer is now likelier to consider some of the alternatives. which then has a knock-on impact on prices.
“Park Slope is, in effect, an unstable isotope, doomed by its own success.”
I would say the opposite. And if that is the case, is the West Village 10 years post doom? If so, it’s still one of the most glorious neighborhoods in any U.S. city, in my opinion.
The infusion of wealth into Park Slope has made it more stable than ever. People who spend 2-3 million dollars on a house are less likely to allow the neighborhood to revert back to the once seedy character than “artists” spending 200K on a house.
While the character of the residents may be changing slightly, I do not agree that Park Slope is unstable.
Now some of the residents…that’s debatable.
Gabby…where is the Quote of the Day???
4:24 wrote…”Park Slope is, in effect, an unstable isotope, doomed by its own success.”
I have lived in Brooklyn for 26 years and had friends with houses liek this (and some nicer). They were always small, dark and cramped to me — like the house I grew up in — a house of a working class family. And now, you need to have a million dollare for a downpayment and an income of $500K/yr to live in one. I do no get it. Yes, PS is a great neighborhood but it was when these houses had cops, firemen and teachers living in them too. These houses are “charming” for what they are — which is not multi-million-dollar real estate.
Yeah, 180. One too many hits off the old bong today.
“at the same time the alternatives (including in Manhattan) are getting less expensive relative to Park Slope.”
Anything comparable to this house in Manhattan would be at least double, if not triple this price.
The house I used to rent a 1 bedroom in on the UWS, just recently sold for 8 million dollars. And it was carved up into apartments and needed work.
“Park Slope and some of these other Brownstone neighborhoods have done a 360 in the last 10-15 years.”
They’ve done a 180. When you hit 360 is when you worry.