House of the Day: 100 St. Mark's Avenue
This brownstone at 100 St. Mark’s Avenue looks like one of the more fairly-priced deals we’ve seen recently. The four-story house is divided into an upper owner’s triplex and ground-floor rental (which currently fetches $1,500). Other than the choice of kitchen cabinets, we’re really liking the original charm of this place. As referenced above, the…
This brownstone at 100 St. Mark’s Avenue looks like one of the more fairly-priced deals we’ve seen recently. The four-story house is divided into an upper owner’s triplex and ground-floor rental (which currently fetches $1,500). Other than the choice of kitchen cabinets, we’re really liking the original charm of this place. As referenced above, the price tag of $1,575,000 looks quite reasonable to us. Do you agree?
100 St. Mark’s Avenue [Warren Lewis] GMAP P*Shark
Not my nabe so can’t guess if price is right. But I’d love to see a blind experiment with the Brownstoner assessment tool: take the same house, show it priced at $1.5M to one group and $1.8M to another.
Do the two groups assess it around the same price, or do they both just knock X% off whatever the price is?
Reason I wonder is this is relevant to the question: is it really a good idea to “price it to move”? Or will people simply assume that anything, at any price, is roughly 25% too high these days, and bid accordingly? Logic tells me price-to-move makes sense but logic doesn’t always hold.
I agree that this is in the 990 to 1.1 area. Things are bad out there right now. Even really good stuff isn’t selling.
so the ground floor apt – has no living/dining just a bed, bath & kitchen? am i missing something?
overpriced – narrow & no yard. 950k
am not saying this is not priced well…But it is priced at approx $627 sq ft (and I’m being generous using 4 story 16 1/2 x 38′ – since top floor doesn’t really look full ceiling ht).
and little backyard space and probably no extra FAR – and what school is zoned for?
scenicint — do you want to go bankrupt, bulk up, or both?
Sam,
Yardlet! I love it.
Very cute house, seemingly reasonable price, but who knows in this market.
The price seems reasonable but one can always negotiate, the interiors look awesome.
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“$1,575,000 looks quite reasonable to us. Do you agree?”
You pay over a million to live in Brooklyn with a tenant and no backyard. I would agree perhaps for $600K and I *have* money and job.
Offer $995,000.