House of the Day: 143 Amity Street
We won’t dispute the listing’s claim that 143 Amity Street is a “timeless brownstone beauty,” because that’s certainly what the Cobble Hill house is, no doubt about it. But the asking price of $3,900,000 comes in at over $1,000 per foot which seems quite pricey for a 17-footer whose kitchen is “ready for a new…
We won’t dispute the listing’s claim that 143 Amity Street is a “timeless brownstone beauty,” because that’s certainly what the Cobble Hill house is, no doubt about it. But the asking price of $3,900,000 comes in at over $1,000 per foot which seems quite pricey for a 17-footer whose kitchen is “ready for a new touch,” no? We’re not even sure this house would fetch the ask if it were located on the Brooklyn Heights side of the tracks either. Thoughts?
143 Amity Street [Brown Harris Stevens] GMAP P*Shark
Digressing a bit here, but I think the recent Brooklyn Heights sale is almost as useless as a comp as the other Amity Street house. The Heights sellers started out too high and paid the price (no pun intended). Except for Bernie Madoff victims or other people who need the money, people who own $2M+/$3M+ houses are going to sit out the market for a while, or just rent out the house if they need to move, rather than sell low to the bottom-feeders right now. Maybe that will change in X months if the current jumbo financing freeze becomes permanent, but that’s the market at least for today.
The Norah Jones house is in no way a comp here. That house was wider, on a far nicer (read: away from LICH) section of the next block, and has had a recent and truly mind-blowing reno. 72 Hicks is the new comp: a house some brokers pushed as the nicest in the borough, which slid from an asking near five down to a sale under three. Now, if 72 Hicks, an elegant clapboard house in the heart of the poshest part of Brooklyn, with a lovely renovation, goes for under three, how is everything out there not about to take a 25% minimum haircut from their current bizarro world asking prices?
CHBaby, that comp only points to a $3.65M price for this house if you go by size alone (which I wouldn’t)…and assumes that another grammy-winner will step up to the plate. Back in the real world, they will be lucky to get $3.0M.
Nice house. BHS seem to get a lot of the prime listings, but then if they tell sellers they can get 3.9m it’s not surprising. Low 3’s I say. New kitchen a bit of a turn off.
coppermaven, Amity Street is one of the best blocks in Cobble Hill. It’s extra wide, is very safe, half the people on it have lived there their whole lives, and as someone who works in Real Estate, I have clients who only want to be on Amity Street. So it’s a great block, and the most recent sale on Amity between Court and Clinton went for 4.9 in January. And yes Pete, it is zoned for 261 but most of the kids on the block do go to Private School.
I think this is zoned ps261 not ps29. But anyway – live in a 3m+ house and send a kid to public school? Bite your tongue. Just a short walk to Packer, St. Ann’s, etc.
PS 29 is supposed to be great. However, rental prices in Cobble Hill aren’t really any different than rental prices in Fort Greene. Or Park Slope. Maybe a little higher, not much. So something seems a bit off.
the subways and promenade of brooklyn hts are quite accesible (walkable) from here.
Hey, and I’m only a 5 minute walk (other direction of course). THats worth an extra 500k.
the subways and promenade of brooklyn hts are quite accesible (walkable) from here.
Hey, and I’m only a 5 minute walk (other direction of course). THats worth an extra 500k.