House of the Day: 293 Clinton Street
This four-story brownstone at 293 Clinton Street in Cobble Hill just hit the market asking $2,000,000. It’s a four-family house and, unfortunately, the interiors have suffered from the usual effects of subdividing. The exterior of the house is great, as is the location; we just think that, given the amount of dough it will take…
This four-story brownstone at 293 Clinton Street in Cobble Hill just hit the market asking $2,000,000. It’s a four-family house and, unfortunately, the interiors have suffered from the usual effects of subdividing. The exterior of the house is great, as is the location; we just think that, given the amount of dough it will take this to bring back to a one- or two-family, the asking price isn’t realistic.
293 Clinton Street [Brownstone RE] GMAP P*Shark
I went to the open house. It is not worth the money. The work you’d have to put into the house far outweighs the locaiton value/to what you’re actually getting for the price ratio. I mean how much were they asking for the St Mark’s place? Wasn’t it 2.4? So much of a better value IMO.
And it also seemed really small on the inside, it had no grand proportions that would give you pause to dream about what it could be.
feral, I meant 1.75 was too high. It will never be a 2.4M house. You have to see it to understand.
If it’s a complete gut, I say 1.8M. The location is sweet, and if you put 150K into each floor, you’d have a sweet prime CH brownstone for 2.4M. Sounds “reasonable,” given who buys there.
Oh, and there is no way that house is going for 1.75. Please go take a look at it!
Bklinite,
I did see 390. It must have been amazing once upon a time, and the view from the back was great. But what happened to that house made me want to cry. What a disaster. I heard they had an a good offer and they turned it down because they want to get closer to their ask. I think they made a big mistake. It is a huge house, but the structural issue are also huge (I saw of serious damage all over the place). Still, If had only had one nice floor, like maybe an intact parlor …. As for me, I am not into buying a house that would involve kicking out infirm, elderly tenants (even if they are not rc). But to my mind, the most fantastic house is 227 Clinton. It is really one of a kind. I also saw 399 Clinton. These later two house are more expensive, but have the potential to be amazing single family homes with substantial ground floor rental units. I notice that lots of things are in contract now. It seems like the market is much more active than it was. I will be interested to see what happens to lovely , but expensive, houses like Garden Place and the new listing on Baltic Street, which I also saw. I think they are beautiful but priced too high ((and I realize one is in BH), but we shall see.
CH vs PS
I’ve lived in Cobble Hill and Carroll Gardens, but never in the Slope. As I’ve familiarized myself with the Slope, I’ve become enamored with the architecture, the beauty of which is, to me, amplified by the trees and hills leading up to the Slope.
Cobble Hill has its charm, of course, and I may end up living there (or in Carroll Gardens or Boerum Hill) but I find the best blocks of the slope to be unbeatable.
And it’s very interesting to see how much of a difference in “attitude” there is between the two neighborhoods (The Slope vs BoCoCa).
I think less than the $1.84. Bigger house one block up sold for $1.8 — a house that really is undergoing gut reno/and structural and I don’t think was occupied in last 25 years.
$1.75m for this one is my guess.
So looks like it will go into contract @ $1.84m if you adopt the standard of widget + 15%. Seems about right. (At time of writing widget is $1,602,257).
As for Cobble Hill over the slope I am not surprised at BKLandlord’s anecdote. When we moved from the UWS to Brooklyn in 2001 we chose PS but four years later when we were looking for a house rather than an apartment we chose Cobble Hill. In many respects it has a lot more to offer and is closer to Manhattan (particularly when cabbing it home at night). PS may have Prospect Park (and parts of it the Q train) but by every other measure CH beats PS hands down).
[ducks, hides and watches the ‘Don’t bash PS’ battle begin;-)]
I went to see this home on Sunday and have to agree with the other comments, very small, no mater what you do to it. What is most interesting is that I came from an open house at a similarly priced house in Prime Park Slope, twice the size and way more detail and no one was there, literally one other person in a 40 minute span. At the Cobble Hill home there were at least 20 people, and non stop traffic in and out. Interesting to see how the interest has shifted.