House of the Day: 37 Winthrop Street
The exterior of this single-family house at 37 Winthrop Street in PLG is a little rough on the eyes but the interior has a nice vibe. Granted the kitchen could use some TLC, but the floors, moldings and ceiling beams throughout the 3,000-square-foot house look pretty solid. The two-family house is asking $879,000. Think it…
The exterior of this single-family house at 37 Winthrop Street in PLG is a little rough on the eyes but the interior has a nice vibe. Granted the kitchen could use some TLC, but the floors, moldings and ceiling beams throughout the 3,000-square-foot house look pretty solid. The two-family house is asking $879,000. Think it has a shot?
37 Winthrop Street [Corcoran] GMAP P*Shark
MM,
Shhhush! He (She/It?) might still be lurking. Also, people who weren’t reading Brownstoner a year and a half ago might think we’re being paranoid 🙂
On another note, the PLG-based “Hawthorne Street” blog just posted something about another, far less expensive, Winthrop Street house:
http://www.hawthornestreet.com/2009/01/house-on-winthrop.html#comments
I like this house. Granted, it’s no beauty from the outside, but that is fixable, and looks like it could wait. The interior is nice, and as MrsCWB says, one could live in it while fixing it up without it being a hellhole. I love the attached carriage house feature. A rental unit without hearing people above you, or coming and going is great, or it really would make a wonderful home office or workshop.
Price? Who knows? I don’t think it is going to go substantially lower, but I have nothing to base that on. PLG is a desireable neighborhood.
Bob, remember the days when a listing in PLG brought out the crazies?
In re Thain: therein lies a clue to the state of Brooklyn RE. The Merrill compensation committee apparently met a month early, to ensure a round of ’08 bonuses, before BofA took over the enterprise –and even though at that point Merrill was the walking dead. This was a fraudulent conveyance, I believe, and at least an act of whopping ethical malfeasance. Setting that aside, similar rounds of shameless bonus-ing happened at the other banks, most of which (all?) may now have to be nationalized. To the point: of course there are currently high end sales in Brooklyn. If you’re a thirty or forty something banker who knows you’re getting the last of the schwag, and can now cash out in the low eight figures, you’re going to come to Brooklyn. Here you can lay down 3-5 million and get a mansion in a stable neighborhood. This is the last trickle of big money out there; expect to see the very poshest and most unique houses in the borough sell for ask or close over the next six to eight months. Then kiss this particular asset class goodbye for a generation.
“Even if the grand townhouses on the prime Lefferts Manor blocks manage to stay at over a million, a house like this on this block this close to Flatbush should really be much much cheaper.”
I strongly, strongly agree with this statement. If you picked this house up and moved it to Syracuse, it’d go for like $200k … probably less. Yes, Brooklyn isn’t Syracuse, but nearing a million bucks for a non-historic, decently-sized-but-not-huge older home that needs some work? Crazy.
“I have no idea if that is true of this block or not, but I’d wait ’till summer comes and check it out myself.”
Good advice, and thanks for the heads-up. I definitely can see the proximity to Flatbush being an issue.
i like this house. i do think it’s overpriced. i think it would be cool to have seperate rental in a ‘carriage house’. sounds like a great in-law situation. near yet so far…
The house isn’t my style at all, but it has it’s plusses. I think the price is unrealistic. To my mind, this is the exact kind of house and location that really should become far cheaper as the market readjusts or realligns or whatever you want to call it. Even if the grand townhouses on the prime Lefferts Manor blocks manage to stay at over a million, a house like this on this block this close to Flatbush should really be much much cheaper.
“Might be a little noisy being that close to flatbush, but should be tolerable”
My PLG friends tell me that many corners of Flatbush still have serious hanging-out late at night blaring music problems which can seriously disrupt sleeping in any of the first 3 or 4 houses on the side streets. I have no idea if that is true of this block or not, but I’d wait ’till summer comes and check it out myself.
TheBuechelersSearchForAHouseTheyCanAffordANDThatTheyActuallyLike.com …
has a nice ring to it!
I just posted a link to Thain’s mansion in Rye on the Open Thread. Puts things into a different perspective!!!!
Thanks for the tip, winelover! We are exploring any and every thing right now, including what we cannot afford — meaning absolutely everything as long as my fired ass will remain fired 🙂