318-1st-Street-1108.jpg
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. Bkny-

    Our house is 17′ wide an that wall had already been removed when we’d purchased it. The main beam was removed as well so I’m assuming (fingers crossed really) that they did something structurally internally to compensate for it. They then curved the wall edges up into an arch shape at each end so as to compensate for the break in the molding. Below is a link to the photo from the RE listing from back when we bought the house (this is NOT my furniture!)that shows it.

    http://www.flickr.com/photos/30673694@N06/

    It also helped that we had all our electronic equiptment built in under the stairs and orientated the main sofa on the wall opposite it for additional gained width.

  2. Yes, in town that weekend with “The Mrs.” up from Philadelphia!!!

    “I am honestly waiting for someone to say they would love to live in a brownstone but want one that is all on one level.” QOTD

  3. well that would be cool like living in a giant tall church when you think about it! a mini ferris wheel in the back a waterslide in the front. woo woo! i think once someone buys a brownstoner they can do whatever they want with it. tho if i ever had one, i think it’d want it more old school myself.

    -rob

  4. DIBS: The Mrs. and I are going Indian with the inlaws. YOu around that weekend?

    Miss Muffet: Of course people can have varying layouts and many do it tastefully. But it seems like a lot of people here don’t actually want a brownstone. Unless your brownstone has been stripped of all of its details, why would you buy something that does (and pay for the details that exist since the price considered the details that are still there) only to tear it down/out. Buy a shell and make it yours. This is not a shell. There needs to be some work on this, obviously, but if you want a loft buy a loft. This is not a loft.

    I am honestly waiting for someone to say they would love to live in a brownstone but want one that is all on one level.

    To paraphrase, you can put as much lipstick on that pig as you want, it is still a pig.

  5. In my opinion houses of this size, in this location, needing a fair amount of work, should sell for 1.2 million max.

    The Dow and the S&P are down to where they were ten years ago.

    Real estate prices obviously take longer to adjust, but within six months to a year, I’ll be prove right.

  6. Rob: There are alot of overweight people in Brooklyn. If you spent less time worrying about trying to meet poeple in luxury aprtments or dealing with tweens in your alleyway and spent it amongst the commoners, you would know better. Brooklyn is not Chelsea.

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