House of the Day: 147 St. James Place
We wrote about 147 St. James Place in Clinton Hill in November 2006 when it had a tasty price tag of $800,000 but wasn’t getting sold; turns out there were major issues with SRO tenants that were holding things up. The four-story house finally changed hands for $995,000 last January, and the new owner wasted…
We wrote about 147 St. James Place in Clinton Hill in November 2006 when it had a tasty price tag of $800,000 but wasn’t getting sold; turns out there were major issues with SRO tenants that were holding things up. The four-story house finally changed hands for $995,000 last January, and the new owner wasted no time in getting cracking on a full-scale renovation. While we love the fact that he managed to preserve the killer detail on the parlor floor, we’re not so sure that aesthetic was carried out through the rest of the house. We wish the listing had included a photo of the rear facade which was completely ripped open and redone. (Anyone with a view care to send in a photo?) Anyway, the ask on the house is now $1,950,000. Seems like a stretch to us, though we wouldn’t mind seeing that kind of comp just a couple of blocks from our house!
147 St. James Place [Corcoran] GMAP P*Shark
HOTD: 147 St. James Place [Brownstoner]
“FYI I don’t own in brownstone brooklyn so I have no vested interest in this arguement.”
As a mortgage broker, Mr. Dahill, I’m pretty sure you have a vested interest in this argument, no?
ooppps, forgot to add the light fixture, and the backsplash, cause you know they used premium quality products there.
I’m the one that threw out 20K for the kitchen…I might be off, maybe 22K
Those are GE Profile appliances…I can spot the pulls, cause I hate them, they’re frowning.
Refrigerator – $2000
Range – $1800
Dishwasher $1000
Hood (not sure who makes the hood) – $1600
sink (if they used GE Profile, I doubt they got anything elebrate) – $400
Sink Fittings (see sink) – $300
Kithen Cabinets – Photo shows about 23′ of cabinet, even at $300 lineal foot (which this doesn’t look like, looks cheaper) – that’s about $7000 in cabinets
That’s about 14K, plus counter, plumbing work and installation, yep, I’m at 20K to 22K.
Yes, the kitchen is not bad, but for a 2M $ house, you’d expect more and you should get better.
Wasder I agree that services are bound to improve in Clinton Hill as is evidence by the slow but steady improvement on Fulton St. Transportation is another matter though; the G train as you very well know is severely limiting which only leaves the C. I am not sure about crime in the area but I’ve walked around that area lots of times including nights and it feels pretty safe to me. So as far as how all this will affect value (besides overall slowing) I am not sure.
The kitchen is not that bad. Definetly more than 20k. It’s a blank slate.
I don’t get when people through out figures such as 20% or 40% drop in prices. Where do you come up with those figures? Are you picking numbers out of a hat? How about 17.375% drop in prices? It’s just interesting to me that people are quoting percentages as if they are market experts.
FYI I don’t own in brownstone brooklyn so I have no vested interest in this arguement.
Wasder – I am getting my information from The New York Times and The Daily News – articles published in April and July 2008 about the crime wave in Clinton Hill:
Clinton Hill quaking in crime wave; cop shortage hurts situation (April 15, 2008) http://www.nydailynews.com/ny_local/brooklyn/2008/04/15/2008-04-15_clinton_hill_quaking_in_crime_wave_cop_s.html
Muggings Revive Memories of an Area’s Bad Old Days
http://www.nytimes.com/2008/07/05/nyregion/05muggings.html?scp=1&sq=clinton%20hill&st=nyt
The appliances alone probably cost 10K.
You people are out of touch. Ikea kitchens can cost 20K and this is certainly better than that.
It’s not my style either, but I’d be VERY surprised if it cost 20K.
it is not asinine to say it is a 20k job, it is probably true. It is a cheapo job and that is pretty obvious. PC Richards special + some nasty cabinetry.
And woo, is it UGly! It is so depressing when people come in and do that. I would much rather get a house with a 60’s kitchen so I would not feel guilty ripping out someone’s work..
it’s asinine to say that kitchen cost only 20K.
it may not be to your taste, but no way it was 20K. i’m thinking double that.