House of the Day: 213 Berkeley Place
This four-story brownstone at 213 Berkeley Place in Park Slope is a beauty, no doubt about it. The period vibe on the parlor floor also works nicely, we think, and doesn’t come off as too over-the-top. The backyard is simple but attractive. There’s also a garden-level rental to take the edge off the mortgage you…
This four-story brownstone at 213 Berkeley Place in Park Slope is a beauty, no doubt about it. The period vibe on the parlor floor also works nicely, we think, and doesn’t come off as too over-the-top. The backyard is simple but attractive. There’s also a garden-level rental to take the edge off the mortgage you will likely need given the asking price of $2,475,000. We’ll be surprised if they get full price in this market, but suspect that within 10 percent of it is not out of the question. You?
213 Berkeley Place [Brown Harris Stevens] GMAP P*Shark
“About the only tanking worse than the real estate market is the art market.”
About the only thing tanking worse than the art market is the wine market!
I think the size of the tenant’s bedroom is great. I don’t do much other than sleep in my bedroom so all I’d need is room for a bed. I’d much rather have the larger space to entertain.
> “Not if you buy and hold.”
Agreed. It’s the “flipper” speculative aspect of the market that is taking a bath.
> “Art can be quixotic, but it’s pleasurable and — importantly! — transportable.”
Agreed again. Love your posts, by the way.
Snark Slope:
Not if you buy and hold. Which would be the same advice for anybody buying real estate right now.
Find a curator with a track record (or a friend with a proven collection) and pick up pieces by established or emerging artists.
Art can be quixotic, but it’s pleasurable and — importantly! — transportable. And it can hide chipped plaster and peeling paint, saving you some dough — a lesson learned by the Italians hundreds of years ago. (Ever walk into a palazzo where an Italian family lives? It’ll likely give Brownstoners heart attacks for all the flaws and imperfections. But for true lovers of the archaic, what a way to live!)
NOP
> “Instead of blowing five and six figures on a depreciating
> asset, put the money in art.”
About the only tanking worse than the real estate market is the art market.
Brownstoner, Allow for commas in the appraisal so mistakes don’t happen. I just gave an estimate of 24,000,000 by mistake!!
“Instead of blowing five and six figures on a depreciating asset, put the money in art.”
Great perspective, NOP.
That’s the whole point, 11217.
With the money saved on all the kitchen appliances, one can eat out most of the time.
A suggestion: Find one or two good places and eat there frequently (two or more times a week). The chef and staff will love you and comp you something each meal. You’ll also be seated before anybody else.
When I was in New York more frequently, I had just such relationships with a circuit of neighborhood places. They were especially useful when hosting out-of-town guests because we’d be whisked past the crowds waiting at the bar.
And another poster was correct. Often the fanciest kitchens go unused. Another suggestion: Instead of blowing five and six figures on a depreciating asset, put the money in art. If it’s good it’ll grow in value. And you can take it with you when you move!
NOP
Lazy as I am, even I get tired of eating out every night. The restaurants just aren’t that good. We’ve been trying to be good and cook three nights a week, as per Apartment Therapy.