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
The house has potential. for starters you need to live in the whole house, its too small to rent out a portion. next re-do the interiors add a bath upstairs and make a master bedroom and bath addition on the roof set back from the front so as to conform with Landmarks rules. Then you would have something. But those projects would add something like $700,000 to the house.
More4less…
I can pretty much guarantee you that the sellers of this place (if they really did buy back in the day and this is obviously a fictional story, but there are plenty of real ones like it) had NO CLUE they’d be able to sell their house for over 1.5 million dollars today.
How can you be so sure about what’s going to happen by 2049?
You just want me to fight!! 😉
Not a bad price, but there are some odd things about the property.
The kitchen that cannot fit a refrigerator. The office attached to the smaller bedroom (do you give your kid the master bedroom? or the office?). The long thin entryway/stairwell chopping up the parlor/garden levels.
Brownstoner: What’s the point of letting people put in a 40% over ask appraisal bid? Someone is obviously just doing it to piss on your little app on every single property you post.
Given the current market, you should restrict the upper limit to 15% over ask, which is unlikely enough.
One wonders if “this 3 story brownstone has been in the same family for over 60 years” is code for “needs new mechanicals.”
the people buying this for 1.4M aint going to be enjoying those kinds of profits 40 yrs later. but hey, people can dream. For me, I view better odds of achieving that dream via $1/wk buying megamillion
“yep, soon these rich suckers will wake up and realize shoot, why the heck did I drop 280k deposit, 250k renov, deal with a tenant, live in 2 bd 1 bath unit,….”
Or more likely by the looks of this place, these middle class folks bought in 1970 for 30K and woke up 40 years later to sell for a 1.5 million dollar profit and retire happily…
Agree with most of the comments above about 2bed 1 bath house.
WHY????? Oh Why???
There is so much room for improvement on this house. Start with the price.
Bring it down so someone will be tempted to invest in it and add a bath to top floor and move the kitchen and add powder room to parlor floor and re-work that rental.
yep, soon these rich suckers will wake up and realize shoot, why the heck did I drop 280k deposit, 250k renov, deal with a tenant, live in 2 bd 1 bath unit,….
for a 2-bedromm 1-bathroom house? definitely take 1.4 million and count your blessings.