House of the Day: 156 Hicks Street Revisited
When we wrote about 156 Hicks Street last October, it was priced at $2,875,000. At the time we wrote the following: “156 Hicks Street is less than 16 feet wide, and is in need of some TLC. The raw materials are there (woodwork, mantels, etc.) but the $2,875,000 asking price still’s not a lay-up, primarily…
When we wrote about 156 Hicks Street last October, it was priced at $2,875,000. At the time we wrote the following: “156 Hicks Street is less than 16 feet wide, and is in need of some TLC. The raw materials are there (woodwork, mantels, etc.) but the $2,875,000 asking price still’s not a lay-up, primarily because, well, nothing’s a lay-up in this market.” With hindsight, saying it wasn’t a lay-up was something of an understatement. Since then, there have been seven price cuts, the most recent of which last week brought the asking price down to $1,799,500. At some point soon, location will have to carry the day!
156 Hicks Street [Brown Harris Stevens] GMAP P*Shark
House of the Day: 156 Hicks Street [Brownstoner]
who put in 2 million on the widget? I think we all want to know that…
Brickoven — thanks
Yeah, what’s up with the commercial loan requirement?
Wonder how much the renovation would cost with nice, but not extravagant, finishes?
Another way to look at the revisiting is that houses are lingering a long time, allowing a revisit many months later, with obligatory price cuts, after they originally hit market.
commercial loan means that it is not habitable right now and only people sitting on huge cash can buy it so yes it limits who can buy it.
wowza – now that seems like a grat price. Not sure what it means though that a ‘commercial loan” is necessary? Is that what’s keeping buyers away?
“Revisited”
A trend grows in brownstoner. Wow, 1.8. And they want close to this in Clinton Hill. Renovated but still.
***Bid half off peak comps***
Dumb Question:
But why have many of the more recent(am talking past month) HOTD’s been “REvisited”? Are we that low on inventory that Brownstoner can’t showcase new homes for sale?