House of the Day: 357 Pacific Street
It will come as no surprise to long-time readers that we don’t tend to like renovations that try to maintain a traditional style but that end of looking too shiny and new; we like to see a little authentic imperfection in a brownstone—a creaky floorboard, an plaster wall that’s not perfectly straight, a crown molding…
It will come as no surprise to long-time readers that we don’t tend to like renovations that try to maintain a traditional style but that end of looking too shiny and new; we like to see a little authentic imperfection in a brownstone—a creaky floorboard, an plaster wall that’s not perfectly straight, a crown molding that shows its age. So, while the owners of this new listing at 357 Pacific Street clearly put a lot of work into their renovation, the place just isn’t for us. Which is probably a good thing, since we couldn’t swing the $2,499,000 price tag anyway. We’ll see whether the 17-foot width hurts the single-family home’s chances.
357 Pacific Street [Corcoran] GMAP P*Shark
Why Wasder? Because it’s a one family?
I say this sells for no more than 1.5.
So, um, what do you all think of the fake shiny wood here? It reminds me of fake antiques. Is that lower class, middle class, or upper middle class, or rich?
…also thru equity appreciation during the work/save years/decades
tybur6 has a point on the absolute threshold that +$2mm makes you very well off – in any city. However, reality is that choices are made from a relative standpoint up and down the spectrum of wealth..
the sense of entitlement to certain neighborhoods in this thread is troubling.
most people/families buying the real estate reviewed on this site are working (their ass off) to buy a nice place to life at all price points rent and own. some probably had help – others thru old fashion work and save.
I’m not saying folks shouldn’t necessarily pay $2mm for this house… though, it does seems a little on the ridiculous side to pay that much for a house, in general. But that’s an aside.
The issue that I brought up is that someone buying a $2MM house is ANY city is not middle class. Simple as that.
You want me to define “middle class”??!! I’ve accepted your definition. Someone that must work.
And my argument is that someone who pays $2MM for a house does not have to work!! They choose to tie up their enormous amount of cash and significant income in a overinflated house. I don’t care about Teams Bear and Bull… you guys can speculate on the absurdities of the Brooklyn housing market all you want.
I just want everyone in a multi-million dollar house to admit they are rich and admit they don’t have the same hardships as a *real* person in middle class America (including NYC).
Sure they could move to Queens, but then we wouldn’t be talking about what it’s like to be middle class in the “prime” locations of Brooklyn!
Sure you can say “just move to Brownsville” and you could be rich!
WOW…I’ve been ranting on and on and on for over a year about how so many Brooklyn brownstones can be bought by anyone who has owned a condo in Manhattan and has gains on it…and theres are tens of thousands who still have significant gains even after prices have fallen. and can buy places like this. And most of the Team Bear members think I’m being ridiculous yet there are three or four others with the same viewpoint here today.
Joe, don’t get bummed out 🙂
From what I have seen in any number of places, people are able to afford residences in ‘prime’ hoods, thru one of the following, and in this order:
-sale of a Manhattan apt;
-often combined with the above, ‘gifts’ from well off relatives. Note that the two income couple model gives the couple at least four potential parental sources, plus other relatives.
-last, and least frequent, trust funds.
You can debate what income equals what class, but from where I sit rich people live in Manhattan.