House of the Day: 78 Adelphi Street Revisited
This shell of a house at 78 Adelphi Street has been on the market since last February, when it began its listing life at $775,000. At the end of May, the asking price was reduced to $699,000 where it’s remained since. While we can’t imagine the interior has much worth saving, the facade is quite…
This shell of a house at 78 Adelphi Street has been on the market since last February, when it began its listing life at $775,000. At the end of May, the asking price was reduced to $699,000 where it’s remained since. While we can’t imagine the interior has much worth saving, the facade is quite beautiful–and it’s 25 feet wide, to boot. Given the block (and the proximity to The Verdi), though, we suspect this is still overpriced by a couple hundred thousand dollars.
78 Adelphi Street [Corcoran] GMAP P*Shark
House of the Day: 78 Adelphi Street [Brownstoner]
I think the BQE thing is a bigger deal to people on this website than in reality. Rentals on this block are steady. Some of the house are in bad shape, but usually that’s because they are owner occupied for 30+ years. It’s a great block in terms to vicinity of the park and to other excellent Ft.Greene amenities. The trek to the subway is about 12-15 minutes which is a turn-off to some people. I live on this block and don’t even notice the noise of the BQE, both before and after putting in double-paned windows. Plus the BQE makes excellent free parking to those who have cars and wish to park underneath it like I do.
It’s also quite different if the BQE is in a trench, buried under gardens or elevated. Also, the attraction of owning a house is having outdoor space. To be in your backyard next to a highway is not ideal, and there is no killer views to balance the inconvenience.
“1/2 a block isn’t bad distance….how does the distance from BQE hurt prices in BrooklynHts”
I’ve seen some beautiful houses and apartments in Brooklyn Heights, as well as Cobble Hill, within 1/2 block (or less) of the BQE, including along the Promenade, and generally speaking the proximity doesn’t seem to have much effect on the prices. Along Columbia Heights/the Promenade especially, the view seems to be the trade-off.
I think the revisited properties are fine. At least it spurs some sort of discussion on the state of the market over time. 396 Vanderbilt is still my favorite.
I finally went to see it after the 2nd HOTD revealed it had been cut from 2 Mil to 1.4 Mil. What a turd bomb.
My prediction (to quote MR T: “PAIN!”) = ready for revisit #3 in a few months…..
> I’m losing interest in all of the “revisited” properties.
I second that emotion.
Here’s a place in Clinton hill for $50k less. Much narrower but actually habitable:
– http://bk.ly/fg
What exactly about the facade is beautiful? I live pretty close to this, and it looks like it is just going to collapse at any moment.
I’m a squatter, and I have to agree with Mr B that this facade is quite beautiful—for starters it has exterior walls on all sides, and it appears as if only some of the windows are boarded up.
Meakes it easy to boot up behind the covered windows and then move over a few feet to stare out into urban bliss for a few hours with ease.
If I melt down all my bent spoons and convert them for cash, how many would I need to purchase a place like this?
Well, it sold for $400,000 last December; how much of a premium would you like to pay?
interesting when you go website of realtor and click floorplan you get picture of survey….and it shows and easement (of what kind who knows) thru backyards. DOn’t know if for this lot or not since looks more like closer to corner lot.
Nevermind the shell…the property is worth something per buildable sq ft(it is a 25’x100′ lot). Some estimate of that is by the selling price of condos next door.
1/2 a block isn’t bad distance….how does the distance from BQE hurt prices in BrooklynHts/Williamsburg?