House of the Day: 10 Schermerhorn Street
This two-family house at 10 Schermerhorn Street is a pretty serious pad: lots of original detail, a three-story, 20-foot deep extension and the option of a private parking space. The owners of the 5,000-square-foot house, however, don’t appear particularly motivated, judging from the fact that the asking price of $4,250,000 hasn’t budged since the house…
This two-family house at 10 Schermerhorn Street is a pretty serious pad: lots of original detail, a three-story, 20-foot deep extension and the option of a private parking space. The owners of the 5,000-square-foot house, however, don’t appear particularly motivated, judging from the fact that the asking price of $4,250,000 hasn’t budged since the house was originally listed last November. What do you think it should sell for?
10 Schermerhorn Street [Corcoran] GMAP P*Shark
As I have often stated on this site, most people spending four million dollars on a house will want to redo the kitchen and the bathrooms and other things before moving in. These are not people strapped for time or money. They are looking for the location above all, and the private garage in this case makes this pad ideal.
“chicken, and I never thought that of the two of us, you would be the one sounding “bitchier.” 🙂
Posted by: daveinbedstuy at June 10, 2009 1:45 PM”
You never had “phoenix claws”?
Gorgeous place, wide, lot’s of details (including wbf, which I love), option for parking, huge garden and location seems ideal if looking in BH. No pictures of kitchen or baths, so one can suspect they are in need of updating.
A year and change ago, this place would probably have gone for upwards of 4.5, given what we were seeing listed and selling in prime locations. So it seems not altogether unreasonable of the sellers to list north of 4. and hope for something in the 3.7 to 3.8 range. It will be interesting to see if this sells or languishes.
Looks like a lovely place, well cared for, no improvements to undo. I mean, $4 million is obviously a lot of money – but people in the Heights have paid two and a half times that…and even with this terrible economy you can spend that kind of money in Manhattan and not wind up with a whole house, a yard, and all the other civilized things. The Corcoran site doesn’t show much of the kitchen(s) or the bathrooms, though…
chicken, and I never thought that of the two of us, you would be the one sounding “bitchier.” 🙂
I think in America we write “story” although I prefer “storey” .
This place is a dream, give it up all you envious inner-brooklyn types. Easily 4 million.
“It’s a magnificent place.
Posted by: daveinbedstuy at June 10, 2009 1:19 PM”
I thought we had similar standards for the use of the word “magnificent” DIBS but it seems not…
Okay, it’s a huge place in a good location with lots of nice details.
However, $4m is proper luxury pricing – you don’t just have to be a millionaire, you need to make $1m every year to sit at the table.
Would such a person be okay with three bedrooms sharing one bathroom on the top floor? Would such a person be okay with sharing their master bathroom with guests in their den (otherwise ordering them down to the tiny closet bathroom on the parlor floor)? Would the person renting the Garden floor (who would also have to be a person of means) be okay with a kitchen too small to swing a cat (sorry cat-lovers)?
I don’t get close to $1m a year and I wouldn’t. Parking is nice though 😉
Stonergut, that would be very interesting to see.
Hopefully Mr. B is listening and will periodically post the comparisons.