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
It’s a great point, Sam. There are still people who could afford to pay 2.9M for this house, except they probably couldn’t get good financing; the market has become very small, restrained to people who don’t need a mortgage. It makes sense that as an all-cash buyer you would expect a deal.
swine/11217…that’s a spectacular property at a very cheap price.
what is really odd is that none of us know where the market is at. All we know is that things are by and large not selling. This house would have sold for 2.9 million a year and a half ago so to figure out what it’s worth today just adjust it by the average percentage point that prices have dropped. But nobody knows what that percentage is. It is as if last year has not really happened. The market is in a state of suspended animation and everyone is waiting and watching and saying “hmm…I wonder if this will sell?”
Is the garden rental possibly commercial space? It’s the only thing I can think of. But I wouldn’t think this was zoned for it.
It’s gorgeous. A “relatively common brownstone”? It feels like a mansion to me, or maybe the broker took fantastic pictures.
Bklnite has a point. Is $1.1M for that house in Clinton Hill that set Brownstoner off so any more off-base than $1.797 for this one?
This house looks very nice to me. It has plenty of baths on the bedroom floors at least. Maybe the rental helps fertilize the yard. We should all be so lucky to have such a nice garden.
swineflu – is that you 11217?
“The garden floor rental has been completely renovated with stereo system, built-ins, recessed lighting and air conditioning. This floor also has a half bath and is plumbed for washer/dryer hook up.”
UH? The garden rental has a half bath but is plumbed for washer/dryer? Clean clothes dirty person. Wish I was around Sunday is ask the realtor this question.