House of the Day: 430 10th Street Revisited
This house at 430 10th Street has been on the market for-effing-ever. After selling for $1,200,000 in 2005, the new owners started out trying to get $1,865,000 last year. By August of this year, the ask was down to $1,650,000 and in September it was reduced further to $1,595,000. Since the broker doesn’t even have…
This house at 430 10th Street has been on the market for-effing-ever. After selling for $1,200,000 in 2005, the new owners started out trying to get $1,865,000 last year. By August of this year, the ask was down to $1,650,000 and in September it was reduced further to $1,595,000. Since the broker doesn’t even have his own website and only tiny photos are available on StreetEasy, it would be interesting to hear from someone who’s actually seen the interiors.
430 10th Street [Timothy Norton] GMAP P*Shark
House of the Day: 430 10th Street [Brownstoner]
I actually like the older federal style homes more than the brownstones ( ducking for cover under the desk).
Good for you, moneyfornothing! Congrats!!
Buying from gay guys really is the best. I agree with that. The problem with this house is that it just looks poor. It isn’t grand or gracious in any way. I don’t think that matters to a lot of people though, so if the price is right, and its ready to move in, someone will buy it. But not for over 1.2 million.
Thanks DIBS…i’ll post the link once I have a contract….
So yes, a perfectly pointed federal brick front, I’m not gay so I lump em all together 😉
And man, these guys really did pour a ton into this place (owned it for 10 yrs). Slide out drawers in every single kitchen cabinet, even one of those silly spice rack slide-out things. Granite kitchen breakfast bar, one of those pull-off faucet things. They Even put a custom-built-in murphy bed in the guest BR. Oy vey!
Also has 2 working original fireplaces.
The price is insane vs the inanity we were looking at in Bklyn. When a couple w/ 550K min the bank and 300K in income isn;t really set up to buy anything other than a junk brownstone at best, somethign is wrong. We got tired waiting to find out what.
A little narrow at 15-feet, but it’s laid out perfectly, and after a year and a half looking, including 60-places in brooklyn, this thing is such an amazing alternative to all the aggravation, and a super high quality piece of real estate.
I’ll deal with the frat-boy mentality downtown there and keep my daughter away from them best I can.
That’s great MoneyForNothing, congrats in advance on what is probably your new home.
MoneyForNothing…congrats. It sounds like a great place.
BTW, there is no such thing as a Federalist brownstone; it’s eaith a federal or a brownstone, two distinctly different architectures.
I’m gay so I nitpick. And you’re right, gay guys will pour tons of money into a place!!!!
Hey, let me take the target of 11217’s back.
I was going to go see this place Sunday. Scary that this place is at the fringe of “reasonably priced” in Brooklyn. But that’s where we are even today.
My wife and I love it in Bkln, wanted to live there for sure. But owning a brownstown was a semi-must. Or at least a 1400-1500 SF condo w/ serious outdoor space
So instead, we went back for a 2nd visit to what’s almost certainly our new home:
3 story, single family federalist brownstone with central air and fully renovated with classic charm, crown moldings up the wazoo, jet-air jacuzzi tub in one BA, full wall to wall standing shower in the other…Fully renovated kitchen wirh a sweet 15×20 foot deck off it spilling into a perfectly landscaped, low maintenance 45-foot deep yard.
(Having 2 meticulous gay guys as the current owners is a BIG plus BTW if you’re looking)
For this, we’ll pay $965K off a peak comp of $1.3 million in 2007/2008 for identical brownstones sold on the same block. One of the best blocks in this hood. Probably top 3 or 4.
Building of this quality I estimate at asking a hyped $1.4-$1.6 million in park slope.
The catch? It’s Hoboken. Snicker away. But you know what?
After 1 year of looking, we were so sick of the ridiculously overpriced properties in gentrified Park Slope it makes us ill. The $20K a year in taxes I’ll save as a business owner cures a lot of ills. As does getting to live in a gorgeous building on a 100-foot deep lot.
So there’s the value if anyone’s looking for pristine brownstones for under a mil. 15 minutes from midtown, 25 from downtown.
Put down $235K, to get your loan to the max jumbo-conforming limit of $729K and get a ridiculously low 5.25% FIVE-POINT-TWO-FIVE PERCENT!!! 4Gs a month payment…..
And that smacks of a pretty amazing deal at the expense of brooklynites laughing
Thank you and good night, and please, feel free to send some snipes. Brooklyn real estate can really go eff itself. So Overpriced. I’ll sit on the several hundred thousand dollars I just saved myself and use it to buy something else when things REALLY fall apart.
Seller’s a masochist. Please tell me the 4th story is not the cellar (damn, not even an English basement!). Sloped roof, right? Not a bad location though. But not really your ideal brownstone if that’s even what it is.
Come on, idiot buyer. I know you’re out there. Step up to 1.595 mil.
***Bid half off peak comps***
So he bought at 1.2 and renovated? I am not in love with what I can see of the renovations. But in any case, in a normal NYC neighborhood, I wouldn’t see getting more than this house sold for in 2005 — unless the renovations took the house into another price bracket, but that is rarely the case and doesn’t seem to be the case here.