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 – please, show a comp for “5 million easy” a year ago. I think that assertion is absurd. Your bullishness, against all evidence to the contrary that prices are going down, is astounding.
“un palatial” ???
We are talking about a 4 million dollar house here, not the Emirates Palace in Abu Dhabi.
People pay this much (yes even in today’s economy) for 3 bedroom apartments in Manhattan.
If this were a year ago, this place would have sold for 5 million, easy. No, it’s not a year ago, so that comment has little validity, but it’s still a total gem.
For four million the master suite should have his ‘n hers bathrooms. There should be a nice powder room at the foot of the Garden level stairs. The front room should not be a laundry, the front parlor should be expanded to take up the full width, its current dimensions are un-palatial, and there should be a knock-your-socks off roofdeck or rear deck/lap pool tour de force. It needs something out of the ordinary (besides a formal laundry).
I went to the open house as well. Again, it’s a beautiful house and a great location, but there are certain aspects of the house that may not appeal to most people. At this price point, the ground floor/English basement is a turn-off. If you’re paying for the renovation, this is a waste of space.
I also think it is hard to justify that this house is $1.4M nicer than 4th Street. Given market and comps, I’d say this will go in the mid $3s
Sam, at the risk of sounding like the broker (who I actually know from a prior transaction), take a look in person and judge.
The room in the photo above is gorgeous. The rest was a bit of a disappointment to me. I’ve gotta say, it’s kind of sterile looking. What’s with that hallway? It looks like a doctor’s office. Give me a good fixer upper any day so I can pimp it up!
Looking at this closer, I don’t think it is worth 4 million.
The location is great, but the house is just not that super-posh. For one thing it only has three bathrooms, no powder room on the parlor floor and guests would need to use the bedroom bath upstairs or downstairs. The bedrooms are peculiar and oddly placed. And why have that ridiculous street-view laundry? Is this for a rich person who finds it thrapeutic to do their own laundry? Odd.
For four million, I think the pampered rich would expect more. This is a 3 million dollar house.
I’m kinda shocked at how people are salivating over this house. There are beautiful details and impeccable finishes in this HOTD but it is hardly original. Seems like there are a lot of people who have previously turned up their noses at gut renos that don’t maintain “brownstoner” standards.
Stone tiles in the parlor hallway, sleek modern kitchens, contemporary bathrooms and their ilk seem contrary to the professed aesthetic of this crowd. Granted the mahogany wainscoting throughout the house and the library are an acknowledgment to the original style but other than that and what appears to be original staircase and mantles, this place has been stripped.
Personally, I like sleek finishes and would love to find a brownstone in need of a gut renovation so I don’t feel guilty about stripping it of its period detail. The architects did a very nice job of putting in great finishes but not having it become cold and uninviting by using nice warm woods and the beautiful wainscoting.
I do agree with BRG and others that the space planning is a little off. For $4 MM, I expect a powder room on the parlor floor. Especially with the amount of floorspace that this place offers. Also I’ve had a dumbwaiter. Previous homeowner had it put it with their last renovation. It was a real pain in the butt and my wife and I much prefer doing the stairs instead. Eventually we ripped it out to get more space in the bathrooms.
I have never been to the Slope though I hear it is a very nice place. My biggest concern is how long it takes to get to my family in Manhattan… Though, I will make it my business to check Park SLope out.