House of the Day: 1094 Park Place
This beauty at 1094 Park Place in Crown Heights caught our eye as an Open House Pick last fall when it was on the market with Corcoran for $1,395,000.
This beauty at 1094 Park Place in Crown Heights caught our eye as an Open House Pick last fall when it was on the market with Corcoran for $1,395,000. It didn’t find any takers at that price back then, and it’s now being reoffered by Massey Knakal for $1,200,000. While that’s still a lot of dough for a house in Crown Heights in this market, at least it’s in move-in condition. And while some of the new kitchen finishes aren’t exactly to our liking, you won’t be lacking for cold storage space! And the covered driveway ain’t too shabby either.
1094 Park Place [Massey Knakal] GMAP P*Shark
Open House Picks 11/2/07 [Brownstoner]
Indeed not STFU B. thought you learned your lesson.
cobblehiller, maybe you should reread sam’s sarcastic comment to me before you jump in with both feet in your mouth?
sorry Brooklyn butler- I didn’t mean to imply that. I’m a tad touchy defending my neighborhood and in many threads there’ve been posts about the kinds of people who live here, and what a bad neighborhood its supposed to be. I simply wanted to point out that it isn’t only gentrifyiers who care about preserving and restoring wonderful Victorian homes.
STFU, bxgrl!
montrose – foreclosures in the immediate area bring down more than just direct comps. especially in this lending environment – lender appraisers are being very very conservative right now. and we’re not talking about only 1 or 2 foreclosures nearby.
if the employer is relocating this owner they may likely be footing any shortfall between sale price and appraisal. suddenly 700s becomes likely in such a scenario.
anyway, my prediction – if this sells w/n the next year – is 800s-900k. maybe 899.
anyway i love the house, and i dig crown heights (have since i was a lad), but i just don’t see someone dropping big bucks here right now.
question for you montrose – did any of those gorgeous CH mansions that were asking 1+ mill in 2006-2007 ever fetch 7 figs? legit question – i don’t know the answer – not trying to prove a point.
“DOW, I find your assertion that an owner could not feel safe walking around the corner to be absolutely ridiculous, and not based on fact.”
I seriously considered buying the corner brownstone w/ garage (Kingston/St. Marks) a year or two ago that asked for something in the 700’s. That is not a safe nabe. Crime concentrated around projects is a fact. Foreclosures are a fact. Gunshots are fact. If you are from there or know the community well, that’s one thing. If you are a newcomer from a higher income nabe, you will not feel safe. Again, let’s be realisitic. The recession is getting deeper and crime is on the rise. Maybe you live there but for the type of buyer that would pay $1M plus for a 1-fam is coming from a Fort Greene, a Park Slope or a Chelsea type of hood and will not feel safe walking around the block. That’s why it’s still for sale after all this time. You can renovate your house but not your location ( at least not directly).
I don’t know enough of Crown Hts to know the block…but the large parcel of land (50′ x 127′) without the house is worth plenty.
House is unique, beautiful, move-in and spacious and someone who prizes that (and can afford it) over status of neighborhood will go for it.
Plenty of ‘projects’ near expensive props of BoerumHill, Carrol Gardens, Cobble Hill, etc.
Seriously though…anyone know anything about those radiators? I can’t seem to find anything like them on the web. So I’m guessing they’re original. Anyone???
Tnx
bxgrl: “FYI- the family that restored the house was a Black family, not someone renovating simply to flip.”
So, no Black families ever renovate to flip? I don’t understand the connection to race and longevity in this situation, so maybe that’s not what you meant. bxgrl, Can you explain?
Oh for heavens sake – bxgrl – chill! The likes of who? Give it a rest. You just jumped all over goldie and sam for what? Take it easy.