House of the Day: 113 Garfield Place Revisited
The three-story brownstone at 113 Garfield Place in Park Slope was a House of the Day back in April when it hit the market with a price tag of $1,800,000; since then, the price has been reduced twice, most recently a couple of week ago to the current price of $1,675,000. The question is whether…
The three-story brownstone at 113 Garfield Place in Park Slope was a House of the Day back in April when it hit the market with a price tag of $1,800,000; since then, the price has been reduced twice, most recently a couple of week ago to the current price of $1,675,000. The question is whether this will be enough: After all, 126 votes were submitted to the pricing widget at the time and the magic number that popped out was $1,524,906. Based on the comments, the layout and renovation choices may be holding it back. Has anyone been inside?
113 Garfield Place [Corcoran] GMAP P*Shark
House of the Day: 113 Garfield Place [Brownstoner]
“The kitchen/dining area in this house should be downstairs and be open to the garden. The “library” should be moved to the parlor level and a small extra bedroom placed where the library is now. The bedroom floor has to be totally reconfigured. And the master suite crated on a new setback story with glass walls facing front and back. Then you would have something. This is just ordinary and certainly not worth the price.”
Sam, for real? You think doing all that would bring it up to the current asking price? Nah, you’re joking, right?
Thanks ML, you get my point which is that New Yorkers are a unique subset of Americans. Nevertheless, property taxes are very low and the public schools in PS are really not that bad. My kid went and actually managed to graduate from college!
Not my cup of tea, but it looks just like every other brownstone. If the kitchen were downstairs in the original position, youd all be complaining it wasnt on the parlor floor. You cant have it both ways. I dont see why this place is any worse than any other, or why it shouldnt get whatever the going rate is.
I understand denton’s point. New Yorkers are not Americans in the sense that most Americans do not earn the huge bonuses and large salaries that many New Yorkers enjoy in the financial, legal, and advertising industires. However those very industries are under siege at the moment. This and the fact that New Yorkers have to pay stratospheric taxes AND send their little children to incredibly expensive private schools is narrowing the gap quite a bit between New Yorkers and “continentals”.
> Yes, but it’s not Americans who buy houses in Brooklyn. It’s New Yorkers that do.
huh?? New Yorkers aren’t Americans?
“1.6 million dollars is a great deal of money for most Americans”
Yes, but it’s not Americans who buy houses in Brooklyn. It’s New Yorkers that do.
Unless things start to improve quickly, I honestly do not know who will be willing or able to spend this much money on a little house near Fifth Avenue. The economy is in shambles and even people with cash don’t want to buy property that will continue to lose value indefinitely.
1.6 million dollars is a great deal of money for most Americans. And those who still have the resources are in a position to be very selective. There is no market for this type of house at his price point right now. Stop kidding yourself.
LOVELY LOVELY LOVELY!!!!
worth every penny
I’ve seen it. You may take issue with the layout, but there are always compromises there.
For me, the issue was it doesn’t look as good as the photos. The restoration/renovation is’t clean. Mouldings painted too many times, gaps between floors and walls, painting withtout skimcoating, choice of materials, etc.
Also, the backyard is kind of unappealing, and has limited potential due to adjacent properties.
Location is great, however, if you like 5th.
Real issue, IMHO , may be the way the eccentric listing process – FSBO, non-exclusive listings, owner says he’s a broker and may or may not be, step behind market reality in terms of price expectations. I think that’s why it’s gone stale.
I wouldn’t read too much into the other factors, since worse places have sold faster.