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
cwb – this house has unused FAR, too. a lot of brooklyn’s 3-story houses do, as long as they’re on full lots (100ft or +). this one isn’t renovated like gowanus house (though who knows the quality of that reno)…but it’s also not in gowanus!
don’t be greedy – take anything close to 1.4M
I think it’s Floor Area Ratio.
Basically it’s how much square footage you’re legally allowed to build on a given lot. And apparently that house in Gowanus isn’t using all available square footage, so it’d be legally allowed to, for example, build another story onto it.
Floor Area Ratio
Unused FAR implying the possibility you could tear down and replace with something bigger, or make an addition.
What is FAR?
sorry to be a dummy!
11217 – Valid point about the gowanus house, altho apparently it has a bunch of unused FAR or something?
great locale!!!
but the house seems soooooooooooooooooooooo plain inside and that kitchen in the far corner is blahzay blah!
anyway the price is solid for that part of the nabe and I still think they can get about 1.55mil for it
11217 – am shocked by Gowanus house – shocked!!!!
it is a small two-bedroom home with a one-bedroom rental apartment. It’s much smaller and less luxurious than most million-plus apartments. And here’s the real kicker: the owner’s unit only has one bathroom! Could you imagine buying a million-plus-dollar house and getting just one bathroom?
If I were spending this much money I would want more space and more luxe.
If the house in Gowanus (one of last week’s biggest sales) sold for 1.45 million, I’d have a difficult time imagining that this would go for less than that.
8th Street is a really terrific block…I think it’s one of the blocks which won the “greenest block” somewhere last year, if I’m not mistaken.