House of the Day: 45 Park Place
This federal townhouse at 45 Park Place in Park Slope is bound to turn a lot of heads. The living and bedrooms have exquisite period detail and the kitchen and bathrooms appear to have been attractively updated. The proximity to Fifth Avenue is increasingly positive as well. That said, it’ll be interesting to see how…
This federal townhouse at 45 Park Place in Park Slope is bound to turn a lot of heads. The living and bedrooms have exquisite period detail and the kitchen and bathrooms appear to have been attractively updated. The proximity to Fifth Avenue is increasingly positive as well. That said, it’ll be interesting to see how this fares with an asking price of $2,395,000. Wonder what the wisdom of the masses will be when it comes to the appraisal votes!
45 Park Place [Brown Harris Stevens] GMAP P*Shark
No, I can’t afford this place right now, Sam.
But I’m also probably 100 years younger than you.
You missed the rest of my point, BHO, to make a cheap didactic score. I referred to the down market as “that time of day” meaning that the current market is exactly a time when everyone’s ask is looking about 20-25% too high.
I am not involved in the real estate business in any way and have no real interest in what this particular house seels for. But how do you explain that, during the go-go years, the collective wisdom on this site was that houses were typically 20-25% overpriced, but actual sales prices typically hovered much closer to, if not above, ask? My point is merely to question what the widget is telling us about ourselves, as opposed to the house or the market.
meh, too close to Flatbush. 1.5 mil.
11217, it maybe an “A” location for you, but you don’t have the money to buy this house. For most who have achieved a greter level of finanical success, I would suggest that this is a “B” location. A solid “B”.
Besides, your ideal abode is a little monk’s cell with a thirty watt lightbulb. This is a big, bourgeoise, conspicuous consumption house. Have you changed your ascetic principles?
“even a stopped clock is right twice a day”
Classic smoke ‘n mirrors broker talk. I love it.
***Bid half off peak comps***
“Also, I strongly disagree that this is a “B” location … I can’t think of anywhere in Brooklyn I’d rather live more than this area of north slope. You’re an easy walk from a TON of subway options, you’re around the corner from a grocery store, you’ve got innumerable dining/bar/retail options on fifth and a decent selection on 7th, not to mention being an easy walk to Vanderbilt in P-Heights, and you’re far enough off flatbush to keep it quiet.”
**
And ditto.
Wasder,
I had the same thought. The widget seems to come in consistently 20-25% below ask. Of course, that has always been the case in HOTD, even before the widget and even in the go-go days. No matter what the house or what the market, the wiki-wisdom of this site is always that the price is 20-25% too high. Of course, even a stopped clock is right twice a day, and I think this down market is that time of day.
“Who are the lunatics betting on the house selling a million dollars above ask?!”
Not telling. But it starts with s….and ends with ebb.
Also, I strongly disagree that this is a “B” location … I can’t think of anywhere in Brooklyn I’d rather live more than this area of north slope. You’re an easy walk from a TON of subway options, you’re around the corner from a grocery store, you’ve got innumerable dining/bar/retail options on fifth and a decent selection on 7th, not to mention being an easy walk to Vanderbilt in P-Heights, and you’re far enough off flatbush to keep it quiet.
I’m also a fan of brick townhouses (though I like them even better if they have bay windows), and this one looks like it’s in great shape. I’d love to own this place.