House of the Day: 465 13th Street
The three-story brownstone just hit the market on March 11 but it’s already received an insta-price cut from $1,775,000 to $1,650,000. The house appears to have its details in place but it comes off as a far more modest pad than, say, last Thursday’s House of the Day at 601 6th Street. And while it’s…
The three-story brownstone just hit the market on March 11 but it’s already received an insta-price cut from $1,775,000 to $1,650,000. The house appears to have its details in place but it comes off as a far more modest pad than, say, last Thursday’s House of the Day at 601 6th Street. And while it’s a million bucks cheaper than the 6th Street House, the asking price is only about $50 per square foot cheaper. Given the difference in location, condition and grandeur, we’d argue that 6th Street is a more attractive deal. That said, on an absolute level, this is a decent way for some family to get an attractive brownstone in the Slope for not crazy money.
465 13th Street [Susan Breen] GMAP P*Shark
Dude … $180k for a one bedroom apartment isn’t “affordable”. I will fight anyone who argues about this with KUNG FU!
!
-cwb
I don’t understand the term affordable housing. Does it mean affordable for the average income? Then what about people who make less than average? And if something is affordable to someone with above average income, why is that not affordable housing?
CW, you can find a nice one-bedroom apartment in the historic part of Jackson Heights for about $180,000 but more typically they are about $270,000 right now. (But falling fast! Hold on tight. For reference, they were about $200,000 in 2004.) You can also find a nice family-sized apartment for about $350,000 though the fancy ones (fireplaces, elevators) are currently about $450,000 or so. The difficulty is that most require at least 20 percent down.
Miss Muffet, I’m from the SF Bay Area. Prices start higher but also top out lower than in New York. It’s rare to find a place for less than $750,000 or more than $3 million. (They are much bigger though — flats or houses, not apartments.) If I had stayed, I would never have been able to buy anything.
metaphase,
The main entrance to PS 107 is on 8th Avenue; the noisiest part (the school yard) faces 14th Street.This house is across 13th Street and up the block from the side of the school.There’s no substantial noise problem (or at least there wasn’t when I lived a few houses away).
The only things I’m seeing in Queens under $200k are all up by LGA. Not exactly a speedy commute, nor the best parts of the borough.
To be honest though, even if I could find something that cheap in a nice part of Queens, I don’t want to live in Queens, because all of my friends live here in Brooklyn.
Anyway, I’m aware of the differences between upstate and here. I’m just pointing out that upstate is a hell of a lot closer to what most of the country views as “affordable” than New York is.
Mopar – where are you from, may I ask? I don’t quite get your insistence that NY is so affordable. Again, other areas with decent job markets (Bay Area, Boston, etc.) have *much* more affordable housing once you get out of the “elite” areas (that is, the comparable areas you are referring to for NYC) so what you are saying still does not make sense. It’s all relative, and NYC is relatively WAY more expensive than even other urban areas, whether in the elite or non-elite areas.
Prices are coming down, and that’s good news. But I get tired of hearing “New York isn’t affordable” when what people really mean is that “the most elite part of New York City is not affordable on my teacher’s salary.” Where I am from you have to drive three hours to find a place (a whole house) under $750,000. There are plenty of safe, accessible places in the five boroughs where people like me can afford to buy — maybe they are cheap because New Yorkers are such snobs. Housing is cheap in upstate New York because the job market isn’t as good there. Sure, prices in places like Raleigh Durham are lower, and I would love to live there but there are no jobs there for me.
mopar –
I feel like the only areas of New York in which the housing comes close to a rational definition of the term “affordable” are so broken down and/or provide such a lengthy commute that few people want to buy there.
Even places closer in like Bed Stuy … they’re considered “affordable” because starter homes there “only” cost $400k and up. My brother and sister-in-law live upstate with their kids in a house that’s probably worth about $150k and is in far superior condition to homes around here that run FOUR TIMES that amount for the same livable space (and a much smaller yard).
Nothing in New York City is actually “affordable”, in the real sense of the term.
Tyburg, there are plenty of lovely pre-war apts in Jackson Heights for $80,000 to $350,000. They’re on the express train and only 20 minutes from midtown. It’s not “deepest Queens” and they are affordable.
I’m not rich and I bought one. It boggles my mind.
People get a little overly focused on living on Park Ave.