House of the Day: 599 5th Street
This new listing at 599 5th Street will be an interesting barometer of the market. It’s a beautiful limestone house on a park block that’s got tons of detail and is in excellent shape; it’s the kind of place that should have almost universal appeal. We also like the fact that the two-story extension solves…
This new listing at 599 5th Street will be an interesting barometer of the market. It’s a beautiful limestone house on a park block that’s got tons of detail and is in excellent shape; it’s the kind of place that should have almost universal appeal. We also like the fact that the two-story extension solves the perennial problem of how to fit the kitchen on the parlor floor. The asking price is $2,400,000. We can’t wait to see what it sells for. There’s an open house on Sunday from 1 to 3 p.m.
599 5th Street [Brown Harris Stevens] GMAP P*Shark
DIBS, sorry, I don’t mean closing costs. I mean the price someone pays for a house when it closes. Actual sale prices. Not asking prices. Anyone know? Are they off in this area or the rest of prime Brooklyn? How much?
If you’re looking to buy in a particular prime area, you’ll know, from doing comp checks on Property Shark.
I certainly know about the area I live in.
“BHO–wannabe What and purveyor of all things venemous. Though married with a child and well educated, he comes on here pretending to be a bad boy and predicting with glee the end of Brownstone Brooklyn as we know it. Easily the most egotistical poster on the board.”
Wow! I get a longer (slightly but still longer) profile than The What! Thanks, wasder. You’re right, I AM egotistical. I rock!
“the end of Brownstone Brooklyn as we know it”???
You mean we’re defined purely by brownstone prices???
(Cornball under Bad Boy Cover, Bear Mafia, La Cosa Nosedive)
***Bid half off peak comps***
why would closing costs be down other than the mortgage tax that varies with the size of the mortgage????
Mopar-
Yea, I don’t think anyone has a grasp of the actual closing prices.
And if you’re going to offer some speculation, I will too: the price decline in NY will be slow and orderly over the next year and a half and then flat to slightly up for the next couple of years. From today, median psf decline of 15-20% in Brooklyn prime.
The many doors in brownstones are not useless. They give a sense of spaciousness to the place.
DIBS, with all due respect, if you closed off the door and put in two couches face to face, you’d feel like you were sitting in a subway car. You would feel uneasy. Most owners in Bushwick have tried this (closing off doors to create private bedrooms) and ruined their properties.
Anyway, just saying, I wouldn’t buy a house less than 20 feet wide at any price. But that’s just me. I’m more than a little obsessed with floor plans and many other things.
And for those who missed my two postings on the Team Bull vs. Bear topic this week and last, I’m predicting price drops of more than 20 percent in the prime areas COMBINED with rising mortgage rates, thus making these properties MORE expensive. Ha ha ha!
So are actual closing prices for these houses down or not? Nobody on this board seems to know. I certainly don’t.
Regarding garden size–it’s all relative, no? It depends on what a buyer is looking for. Some people want a nice big yard, while others are content with a patio. Personally, one of the main reasons I’m looking to buy a house is to have a nice-sized yard. But that is just one buyer’s opinion.
meta…a buyer from Manhattan will be awestruck by this place, teentsie weentsie garden and all 🙂
DIBs, not if you have kids or really do want to garden (e.g., grow lettuce, strawberries, etc).
metaphase…i would have to call that nitpicking. A 17 X 20 yard is certainly enough space for sitting out and enjoying a garden. I have a 20 x 40 yard and think it’s overkill.