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]
Agreed, nobody would want to spend that cash to live across from da Po-riza station.
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
OUCH!!!!!! Not fit for owners but fit for renters!!!!
Discuss.
Doubt there was much detail left in the building. The city issued numerous vacate orders and took ownership at some point due to unpaid taxes in the mid 80’s. I’m sure preservation was not of utmost importance to the people living there at the time.
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.
who knows what ‘detail’ was left before the renovation. But certainly sterile enough now to compete with any new condo. And certainly priced right. Maybe a possibility for those people looking to purchase with a partner.
With the bare look – you can decorate and add to suit your taste.
The problem is across from the police station, kinda littered block, cars parked any which way, noise…not the renovation… if was around corner would have sold already.
Montrose,
“Federal style” is brokerese for “red bricks in front”. You’d think they would at least save it for a brick house with shutters.
Why do people list with realtors who don’t even have a website in this day and age?
these are the kind of owner and house one should really low ball hard. think I’m going to check it out and see if they’ll bite on a sub $1M offer
this house has a beautiful view of the police station right across the street.