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
Turcod, because a small $1.3 million house in Windsor Terrace goes for $2.8 million in Cobble Hill/Carroll Gardens… and then even the $300k per year person is priced out of the market. 🙂
$300k a year and can’t afford a modest home. CRAZY!
“there’s no room for a first-time home buyer anymore”
Just you wait.
(Oh, by the way, I know this is a one-family… no rental units. It was a general comment — though it’s nothing out of the ordinary to rent a whole house)
Mrs. Limestone, if your making over $300K a year and living in Windsor Terrace I suggest you seek psychiatric counseling immediately. Why would you not choose to live in a prime Brooklyn neighborhood like Cobble Hill instead??
So… miss muffet… What you’re saying, the brooklyn housing market is basically for buyers that just sold off their last NYC property that appreciated 120% over the last 4 years? (and/or just have a trust fund or inheritance etc.)
It’s sort of disconcerting. The way the price tags have skyrocketed in Brooklyn, there’s no room for a first-time home buyer anymore. Well, unless you make $300k or more like I described above.
This is crazy, no? I think it is.
While I’m not someone who thinks home ownership is a necessary things, the market has a crazy impact regardless of whether you own or rent. It would be IMPOSSIBLE for someone to rent a unit with a “reasonable” rental fee if this is the mortgage they’re carrying.
This house is 17×38. Each floor is 646 sq. ft. Total house is 1,292 sq. ft. = $1,044 sq. ft.
With the basement (if windows are not 50% above grade, sq. ft. is not traditionally calculated in house area) = 1,938 sq. ft. = $696 sq. ft.
Too expensive!!!
turcod: You could not be more wrong. There are many people in WT making more than $300K/year.
The thing is, it seems like every house on the market in WT is overpriced – or does that mean this is the market? I saw a corcoran place around the corner from this one asking 1.7 or something, another BP place asking 1.2 needed ridiculous amounts of work…I don’t get it. I would think that these houses would be going for 900-1 mm range, given their relation to South Slope and those prices. Are they selling at these prices?
The inglenook fireplace is interesting. Is it original?