House of the Day: 475 8th Street
It’ll be interesting to see what 475 8th Street ends up selling for. The three-story brownstone is well-preserved and has plenty of nice original detail but it’s definitely doesn’t have the “wow” factor that some houses in this part of town have. Of course, at $1,700,000, it’s also priced lower than such houses. Given its…
It’ll be interesting to see what 475 8th Street ends up selling for. The three-story brownstone is well-preserved and has plenty of nice original detail but it’s definitely doesn’t have the “wow” factor that some houses in this part of town have. Of course, at $1,700,000, it’s also priced lower than such houses. Given its location between 7th and 8th Avenues, we bet this will fetch within 10 percent of the asking price—which has to be considered a win in this market!
475 8th Street [Brown Harris Stevens] GMAP P*Shark
Re: 356 1st Street – last I heard (from friend on the block following that house closely) the owner was considering an offer at 1.1 mil (from initial ask of 1.75). And that was in PS321. Given all the work needed on this house (probably at least 300-400K), and the less desirable location compared to 1st St, I think it’s worth 1.1 tops.
this realestate agency consistantly over price all of there offerings
16ft wide and badly in need of extensive reno (2 bed, one bath, fridges in the dining rooms, and that looks like linoleum flooring, folks). $1.7M? Seriously?
There was a fully renovated place on 10th St. between 6th and 7th Avenues, a great block, that went on the market for $1.6M a couple months ago. It was the same size. Come on people, you can do better.
I just want to add I think most NYC properties are currently overpriced by about 30%.
Folks I know have been buying NYC apartment buildings at about 30% below ask, so I figure the same discount should apply to smaller “houses” like this one as well.
Individual home owners may be more stubborn to lower prices, but eventually they’ll have to.
This house reminds me of 356 1st Street which also started out five or six months ago at $1.7 million. The asking price was eventually lowered to $1.5 million and the listing now may be in contract, at what price I have no idea.
In my opinion, both houses basically look to need total renovations. I prefer 356 1st Street myself because the garden faces south and gets awesome light.
I don’t think you’re obnoxious at all. Far be it from me to suggest who should and should not comment. Sounds like you are very knowledgeable, so keep on posting!!
I just thought your posts sounded like someone else who used to post here…his username was “Sam”
I’m fine with being called a contrarian here if it encourages a little dialogue. I don’t have strong feelings one way or the other about this house, although I do think that if houses are selling for 1.4 million in Gowanus, that prime Park Slope block homes should fetch a bit more. Even if they are cut up and needing some renovation. Who knows though…
11217
Sam who? If you all think I’m being obnoxious or silly I will stop posting. I’s not doing this to upset people. it’s just a little diversion from other things. I do think this is a cute house, but not if it is cut up, that’s all.
PS: you are a little contrarian.
If this were spiffed up a bit, I’d say $1.7 isn’t out of reach. But this is definitely a second-tier PS brownstone (3 stories, non park block, limited to F train); I’ve seen some prime PS brownstones listing for close to the magic $2 million line, so this one looks like around $1.4, maybe even less if the mechanicals are in need of an upgrade. For example, i wonder what the total amperage is and how many 220 v lines exist?
McKenzie,
Are you by any chance “Sam’s” alterego?
Do you know Sam?