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]
$210,000 drop since July? What’s that about $40,000 per month? Guess this will be within the range of reality in another 6 months. As for the 19th Street place 11217 likes, saw it and passed. Wouldn’t even be tempted at $875,000.
Dave us architects have time now hahahaha.. There are eight on my block in Bedford Stuyvesant alone and many others in the neighborhood..
Amzi….if you’re still speaking to me after my snarky comment would you please post the “Queen of hancock” url again. The one you posted originally was cut off.
Amzi…I’ve generally always been in agreement with what you post. however, today I have to take offfense at the use of language in one sentence…
“This house we be part of the Stuyvesant Heights extension landmark block”
I think ebonics is not a good example to set for kids anymore!!!!
🙂 🙂 🙂 🙂
At least I’m reading your posts closely!!!!
11217 Hancock has homes of all different sizes some of the biggest browntones in Brooklyn are on Hancock like the “Queen of Hancock” btw Marcy and Tompkins featured on here a few years ago: http://bstoner.wpengine.com/brownstoner/archives/2005/04/the_queen_of_ha.php
or Montrose Morris house across the street: http://www.nyc-architecture.com/BES/BED013-232HancockSt.htm
Hancock was Montrose Morris country so many of the brownstones are grand and styles are so different.
cw….that reno job will cost you far more than $200k which is why I think this one is starting to look reasonable.
Besides, do you have any idea how long it takes now to get an architect and then get all the permits in place??? Carrying costs!!!!!
11217 – Wow, I hate the exterior but the rest of that house is gorgeous. Really nice interior work.
LOVE that house 11217
Amzi – I’m not saying there are renovated brownstones that are cheaper than this. I’m saying there are *unrenovated* ones that could be purchased and renovated for a combined price that’s cheaper than this. IE: $450-600k for the brownstone, $200k-ish for the reno, total of $650-800k.
If someone’s looking for an investment property that’s ready to roll, this one probably isn’t a bad choice. I didn’t realize at the time I wrote my comment above that it was a 3-family. Thought it was just a one-family, Triplex-over-1 configuration.