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
homey,
If you’ve seen everything on the market in the area, did you check out 390 Clinton Street? An extra floor (5 stories vs. 4), was (is?) on the market for about $2.4. That was also a very sad house.
Ohhhhhhh…so asks DOOOOO mean something, DIBS.
***Bid half off peak comps***
Posted by: Brownstones Half Off at February 1, 2010 2:42 PM
Typically, yes, BHO. I’ve only paid above ask once…in Philly in 1998 and damn happy i did!!!!!
Speaking of the Cheever home.
I saw it yesteday.
Very nice place.
But it is quite a hike from subway.
Plus, you absolutely CAN hear the BQE from even the front of the house. It sounds like a giant white noise machine hovering over Cheever Place.
I did not go in the back yard (there was a waste can in front of the back door… realtor dissuading buyers from hearing the BQE???)
I saw the house. Gemini is right on. The house is a total wreck, ugly as hell, everything is as cheap and nasty as can be, and there is no way in hell it will go for more than 1.3-1.5, It is a very sad house, and I have seen everything that is on the market in that area. Please go see it for your self. It is way, way smaller (half the size practically) of 46 Cheever Place that actually is a charming house and is listed at something like 1.9. It was also open yesterday – and there is a world of difference between the two houses even taking in consideration that one might prefer the Clinton location.
“if you’re valuing at 15 times rent roll then you get $1.5m”
But I’m not. I’m using the historic and sustainable norm that will eventually crash all home prices, 10x. $1M.
http://tinyurl.com/yb8hft9
“Good catch, Ringo. Apparently you didn’t know the market from 1980 – 2006 when that’s how things were typically listed & sold [15% mark up in ask].”
Ohhhhhhh…so asks DOOOOO mean something, DIBS.
***Bid half off peak comps***
The listing photos are disgraceful.
This is NOT 243 Kane, which underwent a mint gut renovation. Also, while this is a good location, it doesn’t compare to Kane Street between Clinton and Court. Apples and bananas comparison.
MInard, EVERY 4 storey/3 family or more building has a fire escape on the rear.
The ugly fire escape at the rear is the real giveaway that this is no longer a family home but rather a tenement. The stairhall also has a tenement feel. It would take a good deal of money to undo all the years of abuse and deferred maintenance that buildings like this typically suffer from. And of course the existing tenant issues are another serious matter.