House of the Day: 566 1st Street
If the sellers of 566 1st Street, a new listing in Park Slope, can get their asking price of $3,995,000 it would be a huge vote of confidence for the market there. The 21.5-foot-wide limestone house is a real beauty (though it almost looks a little too polished for our taste, but we nitpick…) and…
If the sellers of 566 1st Street, a new listing in Park Slope, can get their asking price of $3,995,000 it would be a huge vote of confidence for the market there. The 21.5-foot-wide limestone house is a real beauty (though it almost looks a little too polished for our taste, but we nitpick…) and weighs in at almost 5,000 square feet (and it’s a one-family!). If you’re looking for an old house without having to forego any modern comforts, this could be the pad for you. Do you think the price is realistic? It feels a little 2007 to us.
566 1st Street [Brown Harris Stevens] GMAP P*Shark
11217 – I’ve known some smart investors in my life, and yes, they do stockpile cash at times like these since “cash is king”. Or, perhaps they start investing where prices *have* come down – i.e. the stock market (see: Warren Buffett). What they don’t do is sink millions into overvalued assets when it’s clear that values must come down. Of course, there are still buyers that want to invest in properties in NYC, but only at the right price – that’s why I think this is not such a bad time to sell: even at a big discount, a lot of sellers can still make a lot of money.
I’m just curious…so what do we think the folks who can afford a place like this (we all admit there are quite a few of them in NYC) will be doing with the cash they’re still bringing in every month….20k, 30k, 40K, 50k a month…are they going to be stockpiling it now?
Do we not think some people will still want to invest in high quality properties in what some people view as the capital of the world?
I’m serious. Is everyone just saving a ton right now? I know I’m trying to…
Also, can someone please explain why some rooms are called “study” instead of “bedroom”? I always thought study in NYC was a euphemism for a room with no windows, but these studies all have windows. If this was discussed before, my apologies – don’t have time to scrutinize the whole thread…
cgguy – this is NOT such a bad time to sell. Here’s what’s good: there is demand out there, and prices are still very high, so even with deep discounts, many sellers can still do very well. A truly bad time to sell will be a year from now, or possibly even further out. If I were a seller, I’d get out while the getting is still (relatively) good.
Traditionalmod – I’ve seen 16 footers with *both* coat closet and powder room on parlor. It can certainly be done with good planning. I’m all about maximizing relatively small spaces.
Don’t get me started, don’t EVEN get me started…!!
I NEED NEED NEED to know how they got their woodwork to look that good.
11217: it’s time for your meds now. really. you need to take them for your own good.
asshole
“townhouse lady, you just don’t put something as utilitarian as a laundry room in one of the most important front rooms of a rowhouse.”
Says who???? Who died and told you there is only one way to live in a house…? I don’t get it.
And the way you people talk about the exhaustion of going downstairs for laundry, what the hell exactly are you doing to your clothes??! Sh*tting in them? I do maybe 2 loads of laundry every two weeks (sure a ton more if you have an infant) but in that case you are what, probably 35 and are more than capable of walking up and down a couple flights of stairs. My mom did it, her mom did it. Even rich people know how to walk up stairs, believe it or not.
most important front rooms? looks like the basement to me.
where is that light from — the one in the center hall? anyone know?