House of the Day: 859 St. Marks Avenue
This 7,000-square-foot one-family limestone house at 859 St. Marks Avenue in Crown Heights has some pretty darn impressive old-school credentials but is gonna take a lotta love to get it back into shape from the looks of things. Which might explain the slide in its price from $1,500,000 when it was first listed last June…
This 7,000-square-foot one-family limestone house at 859 St. Marks Avenue in Crown Heights has some pretty darn impressive old-school credentials but is gonna take a lotta love to get it back into shape from the looks of things. Which might explain the slide in its price from $1,500,000 when it was first listed last June to its current price of $859,000 (with a couple of stops at $1,400,000 and $1,200,000 along the way.) Someone’s going to have to fall in love at some point—the question is at what price. And if that person has kids, he’s in luck: The Children’s Museum is right across the street.
859 St. Marks Avenue [MM Management] GMAP P*Shark
There will be no further use of “jackass” at the June 17 meet up, bad math or otherwise. 🙂
so is spelling. i give up for the rest of the day.
wow. math is fun-damendal. $1.8 million. jackass.
OK, so let’s take dibs’ assumption that reno will be 1x purchase cost. So you spend $900k to buy and $900k to renovate. At the end of the day you live in a 7,000 square foot gorgeous limestone with lots of historic detail, across from the Children’s museum and a block from a park.
But you live in Crown Heights. I’m not trying to throw mud here, but this does affect quality of life and value.
$1.9 million for that. Worth it or not?
I think that to renovate it really nicely, the way it should be done, will cost as much as the house itself. It is 7,000 sq. ft.
lechacal is right. To renovate and make this the show stopper that it should be, renovation won’t be cheap!
Damn it!!!!!!!
Okay, this is going to be too big for Hubby and me….Next.
What did I tell you, bedstuyhoya???!!!!!!
DIBS, it does look like an SRO as the upper floors looked chopped up, but technically it’s not (and that’s what counts). It could have been a boarding house.
The upper floors if reconfigured can have some great walk-in closets and en-suite bathrooms. This is a biiiig house.
OK, I’ll try to play devil’s advocate as best I can:
– Need a lot of money in the bank. Reno will not be cheap.
– Build in the cost of private school. For three kids (my situation) that’s a helluva lot of money over the years.
– A trip to Manhattan is really a schlep. I can make it to work in the financial district
– Not walking distance to “the” park.