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We’re a little surprised that this brownstone at 356 1st Street hasn’t been bought yet. The Park Slope house hit the market just before Christmas with an asking price of $1,600,000 and was reduced by another $100,000 ten days ago. It’s not a huge house—about 2,400 square feet—but it’s in a good location with nice original details. Is the price really too high?
356 1st Street [Brooklyn Properties] GMAP P*Shark


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  1. Wow, the new math is finally coming. Maybe $2 million is no longer “reasonable” and $1 million “a steal,” even in the Slope. And possibly 2-earner 400K families are not so “typical.” Those in the dwindling ranks know a target is on their back at the shop, and they also may be realizing that prices are going nowhere but down.

  2. The floorplan is available at the co-broker’s website:

    http://www.orrandrlty.com/houses.html

    I went to an openhouse and it looks like the upstairs kitchen has not been redone in many decades. It’s hard to see how to use this as a two family – if the garden floor is rented out, it would basically be a studio, because it is one room plus a kitchen, and if the top floor is rented out, the only entrance to that apartment’s bathroom would be in the common hallway.

  3. “It’s not a huge house—about 2,400 square feet”

    You mean not huge in absolute terms, or not huge for a 2-family?

    I think 2,400 would be plenty for a 1-family. If you own a typical 20×45, 4-story townhouse set up as a 2-family (owner’s triplex and garden rental) you’re only getting 2,700.

  4. pitbull, you said it.
    If I had that kind of money I would live somewhere more interesting, LIKE ANYWHERE.
    It is absurd to overprice normal houses like this one to the point where only the wealthiest individuals can afford them. What miniscule percentage of the US population has an income of 400,000 a year or greater? Are you people nuts on this blog?
    Nobody is going to shell out this kind of cash today to buy a little house like this in Brooklyn, that’s for sure, so the sellers should start thinking of renting.

  5. Without a floorplan its hard to know. 99luftbaloons is right. The bathrooms are not great and that’s a poor excuse for a kitchen. Also, they have painted the first and second floor exterior brownstone and it looks ridiculous with the top floor still intact as brownstone.

    But, I think the reason it’ll actually NEVER sell is because rob lives across the street 🙂

  6. wow – am kinda shocked this has sat since Xmas with a 100K price reduction as well!
    am also kinda shocked that people make $400K a year combined!
    hmm – my only guess is b/c its only 3 stories.
    but perhaps just make it all 1 family – no??

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