House of the Day: 448 6th Street Revisited
When 448 6th Street hit the market with Brown Harris Stevens last October we drooled over its interiors and unusual facade but wondered whether the asking price of $2,825,000. It turns out it was. By quite a bit. Corcoran took over the gig in April and relaunched the listing with a price tag of $2,299,000;…
When 448 6th Street hit the market with Brown Harris Stevens last October we drooled over its interiors and unusual facade but wondered whether the asking price of $2,825,000. It turns out it was. By quite a bit. Corcoran took over the gig in April and relaunched the listing with a price tag of $2,299,000; since then there have been a couple of small price cuts, including one yesterday, that have brought the price down to $2,149,000. We have to think that this is getting close to a market-clearing price. The only snag we can think of, besides the small matter of the global financial meltdown, is that the brownstone is only 17 feet wide.
448 6th Street [Corcoran] GMAP P*Shark
House of the Day: 448 6th Street [Brownstoner]
Nomi…you never took me up on my invitation to come over to the darkside of the OT.
However, most of us there have real lives after we leave work and are not posting in the evening. You need to get out more. Come to the next friends of Brownstoner get together.
Well, based on the reports, looks like prices are finally starting to come down in Park Slope. This listing price has the house at $716 per square foot.
Does anyone know what one families like this with 3,000 sf in good condition have sold for in the last quarter?
A price chop of $600,000 over one to two years as Miss Muffet predicts would be a drop of 300 percent. I can’t judge if the asking price is reasonable to start with, but I can say that price drops (of actual prices, not asking prices) of more 10 percent per quarter are very unusual — except for foreclosures and short sales.
Again, no idea re ask, but if ask is in line with comps, that would suggest the price will be around $1.8 or so in two years.
That’s more than $400,000 per floor. So I guess that would make this place something like $11,000 a month if you put 25 percent down.
I admit the appeal of this is lost on me. I can only surmise there are wealthy people who value living in Park Slope.
Mopar likes Victorian houses to stay Victorian. One of my insightful observations of the day. Just one. Later, after all you squares go to bed at 9pm, I will have many more.
Unless I’m missing something…
….no comment
agreed
Dave, I guess you’re correct. I was looking at this, but then realized that they probably just ran out of room with all the price cuts and then started a new page when they moved to Corcoran…
http://www.streeteasy.com/nyc/sale/355377-house-448-6th-street-park-slope-brooklyn
The fact that they removed the walls is deeply distressing to me. I don’t want to live in a Victorian-slash-airplane hanger. It looks like open wounds. It doesn’t match. It’s a disaster. And I have news: Keeping the walls and the original pocket doors and all that stuff actually makes a small space look BIGGER.
There’s an open house scheduled for this place this Sunday.
Unless I’m missing something…
….no comment
Also according to Streeteasy, 794 Union Street just sold for $4,000,000.