House of the Day: 586 4th Street
$3 million is no longer a lay-up asking price in Park Slope, but this limestone house at 586 4th Street seems to have what it takes. It’s in a Park block, generously proportioned and chock full of original details like parquet floors, mahogany paneling and plaster crown moldings. Do you agree that the $2,999,999 asking…
$3 million is no longer a lay-up asking price in Park Slope, but this limestone house at 586 4th Street seems to have what it takes. It’s in a Park block, generously proportioned and chock full of original details like parquet floors, mahogany paneling and plaster crown moldings. Do you agree that the $2,999,999 asking price is realistic?
586 4th Street [Corcoran] GMAP P*Shark
I don’t think it will happen, Brooklynnative, but I can hope.
Americans are going to have to change in the coming months and years probably more than they’ve had to in decades. We are so far insulated from it, but when I leave NYC, it is becoming painfully obvious what a serious reversal of this country’s values needs to take place before we start to become economically viable again.
Things are really messed up right now (and I’m not saying that in a “the what”, kinda way), but this isn’t something that is going to change without people making a significant change in their lives.
It’s time for people to re-evaluate what is important.
Sorry…I don’t mean for this to sound like a lecture. It’s advice I am taking to heed as well…
11217 do you seriously believe even one seller will price their property (and “swallow their pride”) to help NYC avoid a housing downturn?
Looks pretty sweet. I’ll bet they get their asking price, perhaps even $1 more.
A note to all brokers and sellers:
Since NYC has largely not yet felt the affects of the housing meltdown felt across the country, it would be wise to take a note from this property and continue to price them aggressively.
If we can avoid a huge surge in inventory, we will feel far less pain here. Get things sold quickly (even if it means having to swallow your pride a little bit) and we could really escape this housing meltdown in a far less harmful way.
We have the knowledge from watching what’s going on around the rest of the U.S. Learn something from it before it’s too late.
Ah yes, the old “if they sold below ask, they were overpriced, but that is no indication of a softening market” argument.
“Do you agree that the $2,999,999 asking price is realistic?”
Absolutely not. It’ll go well over ask. Who they think they fooling – inciting us to a bidding war?
“The last few “biggest sales” in the Slope listed on this blog all went for below ask.”
The last few “biggest sales” I saw were also overpriced.
This one does not seem so.
And actually I recall a house on 3rd Street selling for either 200K or 400K over the asking price not too long ago.
Wow – nice house. I’m surprised at the price, as I’m so used to seeing park-block houses in the $3.25mil+ range and park-block houses with this kind of detail over $3.4mil. Besides the smallish backyard, the only thing I can see that someone might kick about is one center-hall bathroom per floor on the bedroom levels. I’m not a fan of the huge master bath but it’s possible that someone in this price range is looking for an en suite master bath off the master bedroom. LOVE that they kept the (presumably original) sinks in each bedroom.
The last few “biggest sales” in the Slope listed on this blog all went for below ask. Why should this one fare any better?