House of the Day: 178 8th Avenue
This house at 178 8th Avenue in Park Slope is beautiful. It’s configured nicely. It’s been updated. It’s in a prime location. Great stuff. The price of $2,995,000, however, seems hopelessly out of touch. Maybe the stock market rally of the past few weeks emboldened the sellers to put a higher price tag on it…
This house at 178 8th Avenue in Park Slope is beautiful. It’s configured nicely. It’s been updated. It’s in a prime location. Great stuff. The price of $2,995,000, however, seems hopelessly out of touch. Maybe the stock market rally of the past few weeks emboldened the sellers to put a higher price tag on it than they would have at the beginning of the year but we just don’t think a house in Park Slope is going to fetch $3 million these days unless less it’s a unique mansion. And, as nice as this place is, it’s a relatively common brownstone. There’s an open house on Sunday from 1 to 3 if you want to check it out.
178 8th Avenue [Brown Harris Stevens] GMAP P*Shark
Brownstone wildcard, the income tax deduction is changing. You won’t be able to deduct property taxes but you can deduct the full amount of your mortgage payment. What would you rather have, a huge maintenance that grows in a condo or a place that you can have a mortgage and use towards fixing the place up and then deduct from your income? Add that to the FatLenny comment about this not being Orlando, or Lakeland, or Orange County, or gross out cookie cutter nasty suburb and you can’t just decide what looks right according to the national scene.
This place looks really nice. I can see someone paying out for this. 2.5 to 2.75 is not out of the question.
McKenzie, you can get one for that (less, actually) just a mile away from this location. It doesn’t really matter what you think it should cost. Park Slope happens to be one of the best neighborhoods in perhaps the best city in the world. We forego 3-car garages to live here.
You can get good modern living in Orlando–cheap!!!
In my opinion, great old brownstone houses like this one should be worth about a million, million and a half dollars. I just don’t see why they should be worth three and four million. First of all, there are thousands of them, secondly they have no land, no property, not even a place to park you car, and thirdly they have kind of clunky layouts for modern living. I think they have been way over-valued in the past ten years and the bubble has finally mercifully popped. These kinds of houses have to fall back into the realm of middle class ownership. The rich are fickle, one day they are all for brownstone living the next day they want to live in Hawaii. only the middle class can be counted on to provide stable markets and the brooklyn real estate market has basically alianated and excluded the middle class. now the correction is happening, markets are tanking, the rich are going to hawaii or to jail, and I am glad about it, though many others are in deep denial.
“Show me evidence that the market has declined by 50%.”
You are just begging everyone’s least favorite poster to weigh in here….wait for it, here it comes…
If property shark is right, and this has over 4,600 sf, at $600 psf, this house comes to $2.8 million. I ain’t saying it’ll get that, but that’s a lot of house.
These houses were fetching close to 4 mil at the height of the market. What do you base a 2 mil estimate on? Show me evidence that the market has declined by 50%.
Swineflu:
http://www.corcoran.com/custom.aspx?Code=NoListing
Does not equal in contract.
Listing was pulled, that’s all.
i like the layout of this house – the description says that there is a half bath on the ground floor, which means that there is a bath on every floor. i think there are enough bathrooms. great house & location.