House of the Day: 100 Lefferts Place Revisited
When the listing for 100 Lefferts Place in Clinton Hill first hit the BHS website last March, it didn’t have any interior photos. Since we happen to know that this broker is a straight-shooter, we were willing to take her word that it had “extensive period detail,” but sometimes there’s no substitute for actually seeing…
When the listing for 100 Lefferts Place in Clinton Hill first hit the BHS website last March, it didn’t have any interior photos. Since we happen to know that this broker is a straight-shooter, we were willing to take her word that it had “extensive period detail,” but sometimes there’s no substitute for actually seeing it. In the meantime, the owners of the 6,100-square-foot have held firm with their asking price of $1,800,000, which some commenters thought was pie-in-the-sky last go-round. Do these interiors change the equation?
100 Lefferts Place [Brown Harris Stevens] GMAP P*Shark
HOTD: 100 Lefferts Place [Brownstoner]
IS LIMESTONED the broker for this house, you obviously are not a buyer. 100 Lefferts might claim to be 6000SF, but i have seen 2000Sf homes that look and feel much bigger than this. The house is chopped up, its as ugly and dark as a dungeon, with linoleum kitchens and dreadful stinking bathrooms. Basement has an oil tank from the dinosaur era, black mold and asbestos..The sellers and broker are trying to pull a fast one on buyers. no matter how much they try to pretend its a real house, its just not. Sorry but no bank is financing that mess. The sellers have rented out the upper floors at $1600 and one at $1200. That house is going to sit on the market for another five years until it finally sells for what the sellers actually paid for it. Hey maybe the sellers will one day change the cockroach infested linoleum kitchen counters, but that still won’t take away the SRO designation. linoleum kitchen counters you ask? YES, all yours for only $1.7 million. Go get em Dummy. AN SRO for $1.7million, i guess the sellers haven’t been out much, for a long long time, just take a walk around the corner and check out the other properties for sale, like right next door, all renovated for under a million? Yes, just one SRO floor less but spacious and without linoleum.
59 Lefferts Pl – Sld 2/6/2008 – $1,500,000
65 Lefferts Pl – Sld 11/21/2007 – $1,500,000
23 Lefferts Pl – Sld 11/9/2007 – $1,415,000
63 Lefferts Pl – Sld 7/10/2006 – $1,400,000
problem with these comps is their dates. much has happened in non-prime bk brownstone market and mortgage market since feb. the other stuff is even more stale.
Limestonekid – all of those places you listed did need significant work, as you said, and were about 2000 square feet smaller.
The biggest problem here is the SRO status. If it was not an SRO, I think the price would not be too far off.
Lmestoned:
I live in an Historic District, landmarked home,the works and I’ve never heard about the tax credit that you referenced. Do we file for the 10% tax credit with the City, or just take it off when filing income tax/return? Thanks.
There’s so much misinformation on this thread.
First, the property will probably sell, given recent comps, size and condition, for about $1.6mm. See recent comps:
59 Lefferts Pl – Sld 2/6/2008 – $1,500,000
65 Lefferts Pl – Sld 11/21/2007 – $1,500,000
23 Lefferts Pl – Sld 11/9/2007 – $1,415,000
63 Lefferts Pl – Sld 7/10/2006 – $1,400,000
All four homes needed substantial work. This house appears to be in excellent condition (though no one is doing any cartwheels over the kitchen and baths).
64 Lefferts Pl is presently on the market for $1.7mm. Another great house. I think both 64 and 100 Lefferts sell for more than $1.6mm with 100 Lefferts (five story gem) fetching the higher of the two.
Second, the property is located in Clinton Hill not PLG.
Third, the property is located in the federal designated – Clinton Hill South Historic District which qualifies it for the landmark preservation tax credit (10% of property value – see Trust for Architectural Easement).
Fourth, this section of Clinton Hill is included in the newly proposed expansion of the Clinton Hill Historic District.
Big and Awesome, indeed. What a magnificent entryway, and staircase. I hope the right people (that is, people who appreciate glorious period detail) eventually buy it, and give the grand lady the attention she deserves.
I know white woodwork is clean looking, and that room with the painted mantle and woodwork looks clean and perfectly ok, but I just imagine that beautiful tilework in the fireplace being framed by the original woodwork, which would highlight all of the turned pieces, shelving, etc. At least strip the fireplace!
On everything else, I’m pretty much with Aussie on this one.
Overpriced indeed, but this thing is BIG and AWESOME
Overpriced indeed, but this thing is BIG and AWESOME
I used to walk past this property every day on my way to work and can tell you it is one of the finest on the block — probably THE finest. But it’s true about the”hoe-tel” and low income housing complex (that offers parking, WTF)on the corner – also, it’s close to Classon and has Atlantic Ave. behind it. I’d like to say 1.4 but with the SRO-factor and all the rest of the issues, probably closer to 1.25 And this is from someone who would say “wow” every time I passed by it.