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
As a reply to the What…
“Again….just curious to see your thought process. I have a couple free minutes to kill today.
Posted by: bedstuyhoya at May 28, 2009 1:38 PM”
LOL…it’ll take about 10 years of psychoanalysis.
Nice looking place.
What are all those biggish looking buildings one block to the left?
I just read the Open House Thread that had this house.
Montrose,are you here…hello,
In that post you mentioned that you might go to the Open House back in June of last year. Did you go? What’s the house like? Especially curious about the mechanicals.
To Mr. What:
15% interest rates? What, walk me through your logic? I think that folks are currently being duped into thinking that recession is coming to an end, and it is now going time to hold riskier assets. We will probably hit another leg down, where folks will again rush to the relative safely of US Treasuries.
In the current environment, interest rates are rising because folks think they are better off holding equities, commodities, and other risky assets. Over the medium term, it I think that folks will drive rates downward by seeking out less risky assets. Mortgage rates at 15%…unless we see some for of hyper inflation (not likely given fundamentals), it probably won’t happen..
Now if you said something closer to 7-8% longer term, I would have to agree.
Again….just curious to see your thought process. I have a couple free minutes to kill today.
Who wants to go halvsies with me?
This listing is gone shortly based on exposure today on Brownstoner. Mark my words.
I’ve been to the Children’s museum a couple of times and the area doesn’t seem bad at all.
This is really amazing. Would have to look at it closely, serious inspections, etc., but unless I’m missing something this is the first real value listing I have seen featured on this site.
I will have already signed a contract at $725k.
“if this drops to 700k, would have to make an offer”
If this drops to 700k, you and I will go into a bidding war!