House of the Day: 69 St. James Place
We featured this brownstone at 69 St. James Place in Clinton Hill as an Open House Pick back in June when it hit the market with a price tag of $1,995,000; it was reduced in September to $1,895,000 and again in November to $1,750,000, where it remains today. The house is in beautiful shape, with…
We featured this brownstone at 69 St. James Place in Clinton Hill as an Open House Pick back in June when it hit the market with a price tag of $1,995,000; it was reduced in September to $1,895,000 and again in November to $1,750,000, where it remains today. The house is in beautiful shape, with lots of original details and a recently resurfaced facade. We’ll see whether this will need another downward nudge to get a deal done. The fact that 298 Lafayette Avenue sold for $1,895,000 in August is encouraging, but that was pre-Lehman. Waddya think?
69 St. James Place [Brown Harris Stevens] GMAP P*Shark
Yuppies? What yuppies?
The faster prices fall in these “fringe” areas the better for residents there – people who want to live there will be able to again. If you have brownstones for $500,000 then people will flood in. Clinton Hill is now a recognizable neighborhood with plenty of appeal so it will never return to what it was – truly fringe – but since it has a ways to go in terms of business development, it needs more yuppies to move in, which they couldn’t do before (hence the flocking to bedstuy). So residents there should be thrilled that prices are coming down.
I also think Clinton Hill has some of the most beautiful architecture in the entire city…
You make a good point, wine lover.
I have a lot of friends in Clinton Hill and the one thing I hear constantly is that women there don’t like to walk alone at night. I have two MALE friends who were brutally attacked in Clinton Hill over the last year. And I mean teeth knocked out brutal.
While crime happens everywhere in this city and it happens even in the best of neighborhoods, I do think in those terms alone, Clinton Hill is fringe.
I’ve never heard a woman where I live talk about not wanting to walk around at night (even though the dangers there still exist)
I live just west of Vanderbilt which makes me officially Fort Greene, but I never understood why Fort Greene was supposed to be better than Clinton Hill. Sorry if that was not your point. Clinton Hill is full of stunning houses and I think that is a very pretty house. It is just that there will be no pressure from anyone to buy until the world looks more stable. The big bucks people who everyone always expected to be there are definately not there, very very vulnerable. I was looking to buy a table and was checking Craigs List and was stunned to see the amount of households being liquidated and furniture being sold. Maybe Jan 4th was when the holidays ended for everyone but there was so much stuff it blew my mind. It made me think that there is an exodus of financial people from jobs and that uncertainty, which is rippling into every single industry in NY, is going to keep people from taking that huge step of buying an expensive brownstone.
11217- i do agree with you. even people who live in williamsburg say clinton hill as a last resort. a guy that works for me thought he was going to be forced to move, and said, “well, hopefully, not clinton hill, god forbid.” had a friend move from greenpoint to clinton hill (rental) to save money, and was instantly miserable. simply lacks gentrification in many places, and can be scary for a woman who wants to go out a lot by herself.
when you are used to great everything steps away, it’s tough to do without it.
this area is 100% fringe
the G train is not a desirable train to be close to
and the C is just ok.
i agree with 11217
You’re kidding, right? (C and G are as close as you could ask for.)
I personally don’t consider the G “Good” transportation (to Manhattan as I originally said) but I didn’t realize the house was so close to the C.
I stand corrected, although I still think it’s fringe.
This home looks lovely and is in a great area. You have some nice things happening on Grand Ave a block away and Fulton St will change within the next year. You are also close to Emmanuel Baptist Church which looks like something out of Europe also has great music. The G and C are not all that bad…