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The owners of 318 1st Street, who paid $1,775,000 for their three-story brownstone in 2005, set about trying to sell their house back in February by listing it with Brown Harris Stevens for $2,250,000; in March, the price bumped up to $2,300,000. We tapped it as an Open House Pick in June when it’s unclear who was listing the house (FSBO?). Now it’s back on the market with Corcoran, asking $2,099,000. Despite some not-so-hot bathrooms and unimpressive kitchen, the house has a very nice vibe, including some lovely plaster details. At 2,670 square feet, though, it is relatively small as far as these things go. Thoughts?
318 1st Street [Corcoran] GMAP P*Shark
Open House Picks: 6/20/08 [Brownstoner]


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  1. If this house isn’t move in ready than I shudder to think how my house would have been described when I bought 6 years ago. House doens’t need to have the standard viking range etc. to be move in quality.

  2. THL–I put up some recommendations on the forum last week about the work I did on my house. It included a recommendation for the guy who did my repointing and roof if you are in need of a good recommendation. I need help figuring out how to make my backyard a both nice place for my kids to play and a place where I can plant a couple of nice plants and flowers. Thoughts?

  3. Dave, I clearly wrote “very few” even in Brooklyn Heights.

    For somebody who supposedly is a professional investor, you can’t read very well.

    How’s your year to date return again?

  4. “Very few townhouses, even ones directly facing the river in Brooklyn Heights, have sold for $700/sq ft even in pristine, high-end renovated condition. $600/sq. ft at the top of the market, but never $700/sq ft.

    FatLenny, where in the world did you get that number from?

    Posted by: IronBalls at November 18, 2008 3:25 PM”

    You’re such a douche that you can’t even remember what you said…..homes in Brooklyn Heights go for way more than that…3 blocks from this, NO. Try and hold onto one thought at a time for however long it takes to process the information.

    On your other question….-10% YTD through October….better than the average, better than most, better than you could do!!!!

  5. Ok Dave,

    Show me how smart you are. I bet you can’t find a townhouse within three blocks of 318 1st Street that sold for $700/sq ft or higher, even at the top of the market.

    I’m not saying none have. I know a few tiny houses pristine houses have gone for more, but not many and that was at the height of the market.

    And while you’re at it, what’s your return this year? You never answered my question.

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