House of the Day: 505 1st Street
What’s going on over on 1st Street? There are a TON of houses for sale on this stretch of Park Slope. On October 27, we wrote up 567 1st Street; on November 14, we tapped 356 1st Street as an Open House Pick; the just last week, we featured 566 1st Street as a House…
What’s going on over on 1st Street? There are a TON of houses for sale on this stretch of Park Slope. On October 27, we wrote up 567 1st Street; on November 14, we tapped 356 1st Street as an Open House Pick; the just last week, we featured 566 1st Street as a House of the Day. Now Stribling has dropped another one on us: 505 1st Street. The four-story brownstone has lots of old-school detail, a renovated kitchen and extension to boot. Looks very nice. The price of $3,250,000, however, feels a little leftover from the boom times. Think they can get it?
505 1st Street [Stribling] GMAP P*Shark
I walk down the block all the time when coming from the YMCA. I have a plumber friend that lives across the street. his family has been in the area since the 1930s. His mother use to make money as a kid on Fridays turning out the lights for the Jewish people on that block back during the 30s and 40s. Your family lives in a great house. All those homes are great. Jefferson is very nice street once you pass Nostrand going east.
I blessed to have my own crazy victorian alabaster light fixture in my entryway and matching one in the parlor. But I kinda like it looks like a big bowl… Just got to get rid of my 1979 chandler in my dinning room.
Looks beautiful, priced way too high.
Exactly the place, Amzi. Same built-ins, same large, sturdy walnut and mahogonny woodwork. I know it can be a bit much for many people, but I love it.
I love this house, I think it is my favorite on this site so far. Looks traditional! Like a brownstone would have looked back in the day. Amzi Hill, do you also have that to-die-for crazy light fixture in your place?
I’ve gotta agree with the kitchen nay-sayers – faux wood-grain dishwasher? And that mustard tile – blech. Rest of house looks nice in a stately, heavy kind of way (not my taste). I actually much prefer the more modest, smaller townhouses without all that dark woodwork – I think I’d find it oppressive, like living on a Masterpiece Theater set. Parking is a major plus, though. As for price – well, I think you all know my position on that!
True, but after taking some blame for the bubble and its effects, I suspect banks will look not only at the loan amount and the buyer’s debt/equity ratio and ability to make payments, but also at the “reasonable” value of the property. I expect they won’t want to be seen as continuing to ratify exaggerated valuations.
The last property I bought was financed by the seller and I haven’t borrowed from a bank for a while, but I imagine there will be some unexpected lending policy changes relating more to appearance than economics.
People buying $3MM houses don’t put 10%, 15% or 20% down. There’s usually no issue whatsoever in getting a decent mortgage.
You know the funny thing Montrose Morris this house looks like mine in Stuyvesant Heights on MacDonough St. I have the same plan and detials maybe it is a Amzi Hill house… I think I know your aunts block on Jefferson btwn Marcy and Thompkins.. You have a few of this style of brownstones on the block.