House of the Day: 552 47th Street
A concerned reader sent in these photos after a recent visit she took to 552 47th Street, a dripping-with-charm but down-on-its-luck limestone house in Bay Ridge Sunset Park. Why concerned? She’s worried that someone who doesn’t appreciate the incredible interiors will pick the place up at a discount to the $720,000 asking price and gut…
A concerned reader sent in these photos after a recent visit she took to 552 47th Street, a dripping-with-charm but down-on-its-luck limestone house in Bay Ridge Sunset Park. Why concerned? She’s worried that someone who doesn’t appreciate the incredible interiors will pick the place up at a discount to the $720,000 asking price and gut it. Given these photos, we can only hope that doesn’t happen. What an incredible place! Any preservationists out there itching for a restoration project?
552 47th Street [ReMax] GMAP P*Shark
While this home clearly sits within Sunset Park boundaries today, there was a time, prior to the construction of the elevated BQE in the area , that this home would have been referred to as being in or very close to Bay Ridge. It is fairly common knowledge among long time residents or their descendants that many blocks that now technically sit in Sunset Park were once part of Bay Ridge. Some even refer to these Sunset Park blocks as ” Old Bay Ridge”. Such references can be substantiated by a large Pre -War bank building that sits in the mid fifties on Fifth Avenue in the heart of a vibrant shopping area of today’s Sunset Park. If you look hard enough, way up on top of the facade, chiseled into the stone are the words ” Bay Ridge Savings Bank”.
mopar, I’m adding this to my watch list. if it sits for a while then I’ll go check it out. too earlier in sales cycle for seller to accept 500k
ROB, im not sure about the roaches, but its def haunted.
it just looks infested to me. pretend i have x ray vision or something.
*rob*
I thought this whole area was provincial Park Slope.
M4L, you should arrange to see it. Make an offer. You have nothing to lose.
If places in this area were selling for $700,000 at the height, then I think $600,000 would be reasonable for a place in move-in condition, and $500,000 would be about right if it needs an electrical upgrade, skim coating, and other such work — as long as there are no serious structural issues. Anything more involved, probably drop into “investor” price and 203K territory.
Why assume the house is infested?
gross. there’s probably 720,000 cockroaches and bedbugs all squattin’ large in that house. and wouldnt all that dark wood make you feel like your living inside a coffin?
*rob*
into the 500k’s, I’ll be the Chinese immigrant who’ll buy it and not gut it. Cant speak for my fellow country men whom I do fear will gut it