House of the Day: 14 Seventh Avenue
This single-family brick townhouse at 14 Seventh Avenue in Park Slope was an Open House Pick back in February when it was initially listed for $2,475,000. The listing has undergone two price cuts since then, bringing the current asking price down to $2,250,000. The interior is very impressive, so we’re a little surprised no one’s…
This single-family brick townhouse at 14 Seventh Avenue in Park Slope was an Open House Pick back in February when it was initially listed for $2,475,000. The listing has undergone two price cuts since then, bringing the current asking price down to $2,250,000. The interior is very impressive, so we’re a little surprised no one’s fallen in love yet, but maybe the price is just a little too high.
14 Seventh Avenue [Brooklyn Bridge] GMAP P*Shark
For such a large house why are 4 of 7 of the photos of the parlor? No kitchen… patio, other baths or bedrooms???? Poor listing.
@sam: And, the funny thing is, that they’re out there. And they may not mind buying a house near Flatbush because they have no idea what they’re doing.
Maybe that’s what happened last time around….
Hot air from fringes
Setting sail for distant shores
The center retracts
The market is too high. It’s broken or perhaps deeply psychotic. In any case it is not responding rationally to the current reality of the country’s and the region’s moribund economy. But I am begining to realize that the economy has little to do with it. Every realtor and every seller is hoping to snag that 30-something who has just inherited thirty million dollars from grandma and has always wanted to relocate to NYC. And, the funny thing is, that they’re out there. And they may not mind buying a house near Flatbush because they have no idea what they’re doing.
Biggest indicator of Market Direction?
HOTD Comments posted since Sept 2008 typically average the 25-40 range, rarely exceeding.
From Jan 2008 to September, very common to see them in the 70 to 100+ range.
Do I sense buyers’ fatique here, or are people just not getting as turned on by real-estate porn as they used to be?
This marriage is getting old…
From Mr. B: “….maybe the price is just a little too high”
Cut.
Copy.
Paste.
The whole market is just a little too high. If by that you mean 30-40%.
“Revolting” surprised me too. The interior looks really nice to me. Somewhat similar to the interior of the Clifton Place house, which I also found very appealing and tranquil.
Though over the long term I guess you could say I’m a bull, it’s always with the qualification that mistakes in real estate investments–as with most any other–can be costly. If the always suspect prose in the broker’s ad for Clifton Place is to be believed, the owners of that place paid too much and spent far too much renovating a house in an area that attracts first-time house buyers and the middle class, both of whom need rental income to make the deal work. Now they need an astronomical amount to recoup their outlay and make a little for their time and energy (and I think that’s fair) and it’s just not going to happen, imho. So for the first time yesterday, I voted way below what the widget would allow–750K.
This house probably also has too much invested in a house right off Flatbush on the main drag, 7th Avenue. Outside 321 too. I would not pay more than 1.8 in that location, even for a house in great condition, as this one appears to be.
In a way it does boil down to location, location, location.
Biff, I agree, the interior of the house is actually very well done. Beautiful. Only an architect or interior designer who makes a living by gutting historic houses and turning them into white lofts would consider this interior “revolting”.
“Revolting” seems a bit strong. I don’t see anything that couldn’t be easily changed / updated to suit different tastes.