297-Vanderbilt-Avenue-0909.jpg
The four-story brownstone at 297 Vanderbilt Avenue was on the market for a while in 2007, but never sold. That might have had something to do with the asking price at the time, which started at $2,000,000 and dropped to $1,800,000 before begin pulled off the market. The odds are looking must better now for the two-family house: It just hit the market asking $1,495,000. Seems pretty reasonable to us for a classic brownstone in this location with all of its original details intact. Agree?
297 Vanderbilt Avenue [Douglas Elliman] GMAP P*Shark



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  1. wasder, it was perma bull DIBS’s bid matching mine is what’s throwing me off – ie he’s usually higher than both of us.

    didn’t a 20 footer on vanderbilt (closer to greene ave) sell recently after it dropped price to 1.4M?

  2. I think it will sell to someone at $1.35MM but I’m having problems with the floorplan. I’d probably move the kitchen to the parlour level and use the top floor plumbing for an ensuite master bath.

    But I don’t need three floors for myself and I don’t want to share the parlour level entrance with tenants.

    The garden level would be nice to rent out but needs some reconfiguring.

  3. M4L–aren’t you usually slightly under my predictions? Also, DIBS probably read the floor plan more carefully than I did. I made my bid before noticing the 15 foot wide aspect. However, I still think that is a reasonable price for a decent looking house in that location and I am confident that the actual sale price will exceed the widget as usual and be quite close to ask.

  4. ML- isn’t this too dangerous a neighborhood too?

    also, the prop is 17.17 x 45. 15 is inside dimension.
    they’ll get interest at this price.

    personally i’d rather have a kitchen in the rear parlor and build a deck off the back. in this well-preserved house that would be borderline criminal. but who wants to live in a huge house with a galley kitchen on the 4th floor?

  5. Overall, this house is pretty similar to 396 Vanderbilt in terms of size, location, and needing a bit of TLC (but not too much.) I don’t believe 396 sold even though it was asking 1,295,000.

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