House of the Day: 58 6th Avenue Revisited
Here’s a cautionary tale: Developer buys old house in neighborhood where people generally like old houses, strips house of character, renovates house in characterless nouveau traditional style, tries to sell for a lot of money, ends up changing brokers three times and cutting prices 23 times. This has been the experience of 58 6th Avenue,…
Here’s a cautionary tale: Developer buys old house in neighborhood where people generally like old houses, strips house of character, renovates house in characterless nouveau traditional style, tries to sell for a lot of money, ends up changing brokers three times and cutting prices 23 times. This has been the experience of 58 6th Avenue, which we featured as a House of the Day back in April 2008 when it was at $1,695,000, down from the initial ask of $1,850,000. Since then, Corcoran’s had the listing and now Weichert has recently been giving it death by a thousand price cuts. Desperation has surely set in, as last week’s reduction brought the current asking price to $1,275,000. At some point, won’t this work as a rental property?
58 6th Avenue [Weichert] GMAP P*Shark
House of the Day: 58 6th Avenue [Brownstoner]
i guess they financed for 1.495m, when they bought it for 300k spent about 200k in renovations and ………………..you idiots who are worried about charmless interiors do the math.
who has the last laugh NOW…………… I GUESS NOT BROWSTONE MAGAZINE OR HSBC.
While this block is supposed to stay intact, the Atlantic Yards stadium will be at the next corner. Living a half block from any Ratner project and/or sport stadium makes this price still hard to swallow. Nevermind the charmless interiors.
I lived on this block for five years(recently)It is LOUD. Between the cops, the firehouse, Flatbush Ave., and Freddy’s(which I love, but sheesh, the smokers going outside would talk like they were at a concert), it was a bit much to take. I was driven out when prep work was being done for the arena, 7am was the start time on the nose. I could feel my building shaking. Miss the transportating, not the noise. Absolutely not worth the money they seek.
Hey, speaking of developers who can’t unload their FAR, whatever happened to the Carroll Gardens Horror? Did it ever sell? Is it boarded up? Are our many Brownstoners who claim to be homeless squatting in it?
I lived close to this block for many years, and I stand by my assessment of its crappiness. Even a bloc away is good, but this precise location, however, is crap.
It’s a high traffic business, and kind of grimy-looking.
And yes, Freddy’s rules.
Jester, what about the Chinese place? they’re loud too?
Freddy’s is cool – but you may have to drink elsewhere eventually.
Freddy’s (485 Dean St. @ 6th Avenue) is scheduled to be demolished for the Atlantic Yards project.
http://atlanticyardsreport.blogspot.com/search?q=freddy%27s
That’s a crappy block. This might work as a rental, but I can’t imagine why anybody would buy a place at this precise location in order to liver there.
Posted by: Oleg at October 14, 2009 2:22 PM
I know that I would be drinking heavily if I bought this place.
Posted by: Oleg at October 14, 2009 3:01 PM
At Freddy’s, which is right on the next block. This block is not crappy in the least. Anyone who says that hasn’t really walked around here. The only drawbacks are a chinese place on the end of the block and a family at the opposite end who are on their patio AT ALL HOURS.