House of the Day: 78 Douglass Street
After picking up this three-story house at 78 Douglass Street in 2006 for $425,000, the owner renovated it (with so-so results) and then put it on the market in 2007 with Corcoran for $1,500,000. After a couple of months, it was pulled from the market. It re-emerged with Aguayo & Huebener this April and recently…
After picking up this three-story house at 78 Douglass Street in 2006 for $425,000, the owner renovated it (with so-so results) and then put it on the market in 2007 with Corcoran for $1,500,000. After a couple of months, it was pulled from the market. It re-emerged with Aguayo & Huebener this April and recently underwent a price trim that brought the ask down to $1,659,000. Realistic?
78 Douglass Street [Aguayo & Huebener] GMAP P*Shark
“If you love brick and don’t use the bathroom much, this house is for you.”
Good one.
whuh, you said it. I am a high-end workaholic wage slave (well was until the crash) and I’m just not going to do this. not gonna do it. fuck it, I’ll rent forever. I don’t need to be glued to a piece of shit like this while some greedy flipper runs away with my cash and I pay the bank and my kids end up smoking crack, and I can’t move and I can’t quit my crap job, and I just get squeezed year after year in this scummy NYC nightmare, and it takes me an hour to get to work, and some asshole gets the same place for free on welfare, and takes my seat on the subway, and some bitch with a stroller knocks my shins and thinks its justified by her motherhood and doesn’t even say excuse me. no fucking way. not gonna do it.
I hate to be impolitic or a snob; but this house sucks. I mean, it just sucks. Do the math, think about how much money someone buying it at or near ask would have to make annually to afford it; then forget all trees, see only forest, and realize: you’re asking someone to be a high-end workaholic wage slave –and to live like this? A stone’s throw from a project, in this misshapen dwarf of a building? Upon which they need to spend more money, to un-do the crappy, greedy renovation of a flipper? I mean, really. This is what, above all, makes me think the music really has stopped. Who with any remaining dram of self-respect is going to sign on that dotted line?
Bolder, the problem is that this block, while perfectly fine, isn’t “prime CG”. It’s not just that it’s a block from the Gowanus Houses, it’s that it also isn’t zoned for PS 58 or PS 29, which many CG blocks are.
Another greedy flipper who hopefully lands in foreclosure. I bought this POS for $425, added $1000 worth of paint, and now want to hit the lottery for over a million. Any appraiser who values this over 500K should have his license revoked, and any bank who would loan over that should have their bailout money rescinded immediately for trying to keep the greed bubble blowing.
Bid half off peak bricks.
That’s not a brick ceiling. It’s wood. I don’t mind the exposed brick, but I suspect it woulnd’t be too hard to cover with drywall. (plaster might need lathing).
The kitchen is really gross. I’d have to rip out those cabs and start again.
Good location, price doesn’t feel that out of whack. I haven’t seen too many move in condition homes in prime CG for less.
there is something definitely off about this. brick walls, I get. brick backsplash? ok. brick ceiling? not used to that, but ok. but how many times do I have to say: NO BRICK DECKS PLEASE.
Petebklyn, I have to admit I’m surprised that any house on that block of Baltic would get $3 million in today’s market. Although that one does look like an extremely high end renovation, and is certainly nearly twice as big as this one at over 4000 square feet. I wonder what the selling price was on that one.