House of the Day: 356 1st Street
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…
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
B’stoner “It’s not a huge house—about 2,400 square feet”
According to PropertyShark it’s built 18 x 40 which makes 2,160, but P’shark says 2,430 – how do they get the extra 270, it doesn’t mention an extension? The same kitchen is shown twice and needs a ton of work, and the 2 bathrooms shown in the photos aren’t exactly screaming 2009.
I like BP’s wording of “Owner’s Choice Of Upper/Lower Duplex”
Presumably the lower duplex include the cellar? Perhaps why the didn’t show the floorplan.
Yes it’s in 321 but without seeing the floorplan it’s hard to know how it works as a 2 family and what it might cost to use a 1 family.
it will soon be that only wealthy polygamists with 5 incomes per family will be able to buy in park slope!
*r*
Yes, 400K sounds about right to me also. Two earning household, each making 200K a year.
Is that outlandish to live in a neighborhood like Park Slope?
Despite what it was years ago, it IS an expensive neighborhood now.
I have not seen a floorplan, but if it really is a usable 2-family for 1.5 in the 321 school district, I can’t figure out the problem either? That is a good way to live in that zone in a house and monthly rental income too. I suspect it is too small to make much of a 2-family and maybe that is the hold-up?
“lets see now…..4 times the yearly income comes out to $400,000 per year in order to afford this house.”
sounds about right.
And price per square foot is still pretty high.
lets see now…..4 times the yearly income comes out to $400,000 per year in order to afford this house.
Funny, I grew up on a few doors down from this place. Very similar house.
My parents bought it in 1974 for $25,000.
quote:
We’re a little surprised that this brownstone at 356 1st Street hasn’t been bought yet.
probably cuz i live directly across the street
*r*