House of the Day: 404 Hancock Street
When we included 404 Hancock Street in a batch of Open House Picks in late July, it had just hit the market with an asking price of $1,200,000; now, six months later, the three-family brownstone is looking to fetch $990,000. The house has undergone a renovation which, while a little glossy and Home Depot-esque in…
When we included 404 Hancock Street in a batch of Open House Picks in late July, it had just hit the market with an asking price of $1,200,000; now, six months later, the three-family brownstone is looking to fetch $990,000. The house has undergone a renovation which, while a little glossy and Home Depot-esque in terms of fixtures, looks to have been fairly comprehensive (at least for the completed portions—the listing alludes to the renovation not being finished yet). We suspect the price has further to fall. At this point, it’s going to take a special house to fetch a million bucks in this part of town and, while it has some very nice woodwork, it feels like some charm was lost in the renovation.
404 Hancock Street [Corcoran] GMAP P*Shark
Open House Picks 7/25/08 [Brownstoner]
Congratulations, mopar.
BTW: Ditto on the $1500/floorthru motions being made for all the blocks so far mentioned in this area.
The wording on the listing is deceptive–construction has stopped on this property mid-way through the renovation. Rentals have been completed but walls aren’t even closed in the owner’s duplex. The price, according to the listing agent, reflects the reno in its current, unfinished state–hence the size of the price reduction. The original asking price assumed a totally finished project.
Crooklyn, welcome to the neighborhood. What a beautiful block.
Amzi, would love to know more about the status of the landmark extension. Where and when are these meetings held?
Whoever was wondering about rents in Bed-Stuy should look on Craigslist–a floorthru in a brownstone on a good block gets 1500, easily. And a floorthru in a brownstone is a 1-1.5-bedroom.
Whoohoo, love this info about houses coming on the market and the Eagle article, Amzi. DIBS, it appears the termite damage is probably localized/not too extensive, we told the agent today we’re buying it. Alternating feelings of jubilation/terror.
In the future this will certainly be one those topics in which people reminisce over a few beers, “Remember people paying a mil for bed stuy?” Laughter erupts hahahahaha, Cheers
That is my block Crooklyn. I hope that your getting the house across the street from me it has been empty since I came to the area a year and a half ago…
Amzi:
Thank You, I’ve yet to close, but I can’t wait. The neighbors have already been very supportive. The block (bet Throop & Tompkins) has to be one of the most architecturally amazing blocks in Brooklyn. Hope everything goes well.
Crooklyn you are going to love the street.. I know my block as well as the ones further east of me have a real strong community feel. When you go on vacation for a few days they get worried. If you forget to move your car for 9 am street cleaning someone will knock on your door at 8:58 am. The older residence of MacDonough (40+ years )are the best they become like family, really supportive… My neighbors have help me find everything from great plasterers that have restored my ceilings to the days of 1889 to directing me to the local hardware store to find the wick to go on my gas lamp outside. your going to love walking down the streets and looking at the great homes and churches.. Welcome to the neighborhood.