House of the Day: 540 16th Street
This charming Arts and Crafts house at 540 16th Street in Windsor Terrace started out as a FSBO asking $1,550,000 before it moved to a small, local broker and got a new price tag of $1,499,999. Now Brooklyn Properties has the listing and is offering the one-family house for $1,350,000. It’s a charmer, to be…
This charming Arts and Crafts house at 540 16th Street in Windsor Terrace started out as a FSBO asking $1,550,000 before it moved to a small, local broker and got a new price tag of $1,499,999. Now Brooklyn Properties has the listing and is offering the one-family house for $1,350,000. It’s a charmer, to be sure (kitchen and bathrooms aside). Think the new asking price is reasonable?
540 16th Street [Brooklyn Properties] GMAP P*Shark
lechacal-
You are probably right for a majority of people. But I also think a majority of people, if they could take their PS living quarters as is (floor-through, duplex, brownstone whatever) and move it in it’s entirety to any area of Manhattan they would.
The real question is about the relative pricing. Is it worth the premium the market makes you pay in PS? I don’t think so. I think the amenities of PS are vastly over-rated. That includes the restaurants and schools.
As for me, I’d take my location in WT over Manhattan or any part of PS that’s below 8th ave. Leaving resale price aside, of course.
Dittoburg;
I think in this case, the money spent through time looking for parking is going to be peanuts compared to the loss of equity in the coming correction!
Can you get lobster rolls in WT?
MR – Of the three (PS, WT, PH), I think PS has the highest concentration of services, restaurants, bars, good schools, etc. They are all close to the park (although I really don’t like having to navigate GAP from PH). I guess I just view PS as the primary neighborhood of interest these days and I think it is accurate to say that, at the same price point, most people would choose PS over the other two. If I’m wrong it’s not the first time and won’t be the last.
lechacal-
Like what?
I don’t know much about PH, but I’ve lived in PS and WT. The big attraction in those areas is the park in my opinion. There are certainly more restaurants in PS, but there isn’t a single one that I actually miss. I miss a lot of the ones from Carroll Gardens, where I also have lived. But are we really talking about restaurants, bars, shops? Is that what you’re talking about? I’m not being snarky, I really want to know.
The parking in PS is diabolical. WT must have an advantage there. Based on Benson’s time cost theory from the food co-op thread, most car owners spend about 300-500 bucks a day just trying to find a slot.
Z – got it (averting eyes, blushing).
…meaning of course that WT and PH don’t have a lot of attractions that distinguish them from PS. I think they are better viewed as more affordable versions of PS without the good schools. PS isn’t just a more affordable version of Manhattan – it really is different.
lechacal, turcod is joking/lying — see his prior comments in this thread.