House of the Day: 29 4th Place
The asking price of $1,695,000 for the three-story house at 29 4th Place in Carroll Gardens looks like a reasonable price on its surface. The catch? The brownstone is stuck painfully somewhere in the late 70s or early 80s. It’s not in terrible shape, but it’ll definitely take some money and effort to bring it…
The asking price of $1,695,000 for the three-story house at 29 4th Place in Carroll Gardens looks like a reasonable price on its surface. The catch? The brownstone is stuck painfully somewhere in the late 70s or early 80s. It’s not in terrible shape, but it’ll definitely take some money and effort to bring it up to a level most buyers will want. The deal has a kicker though: An extra 1,800 square feet of air rights. Can you say rooftop addition?
29 4th Place [Corcoran] GMAP P*Shark
As my boss at work said today: the world changed this week – and suddenly, we are revising plans/budgets in a major way. Last week’s biggest sales were signed in a very different climate than we are in right now.
Yesterday’s “last week’s biggest sales” had 498 Clinton Street sold for 1.77. 498 is a horrible 1950s attached row house with no backyard on the corner of 3rd place and clinton. This house is about 400 feet away. Although it is no palace, at least it is a brownstone.
Offer 1.3
It was a joke Miss Muffett. But perhaps you’re right. equating anyone with the What is unacceptable.
This will sell.
Hey DIBS – how on earth can you equate me with the What? I have said many times I *don’t* think prime NYC will totally tank, just that I suspect it will soften for sure – what that means in terms of degree, who knows? My guess is that we could see prices revert to 2004-05 levels, but those are still pretty darn healthy! And I realize that no one really knows, but it would be pretty amazing if NYC real estate was NOT significantly affected by all the current economic turmoil…
Anyway, this particular house looks like it has good bones and a decent location, but needs a lot of work. I personally would not touch it (even though it’s kind of the type of house we’re looking for) since it seems like a bit of a headache and I suspect there are better deals to be had in the future…
All charm has been stripped from the interior. But it’s true that they could expand upward. Lots of homes in this area have added rooftop additions in recent years.
A corcoran carroll gardens townhouse for under 6 million? i’ll take two!!
No we can’t, you’re beyond help.