House of the Day: 259 Henry Street
This listing at 259 Henry Street in Brooklyn Heights just hit the market with an eye-popping asking price of $5,250,000. It’s clearly a sweet pad (great location, nice architecture), but that’s a lot of dough for a place that isn’t knocking our socks off. Maybe it’s some of the renovation or decoration choices or maybe…
This listing at 259 Henry Street in Brooklyn Heights just hit the market with an eye-popping asking price of $5,250,000. It’s clearly a sweet pad (great location, nice architecture), but that’s a lot of dough for a place that isn’t knocking our socks off. Maybe it’s some of the renovation or decoration choices or maybe it’s the way it’s photographed, but it’s not the kind of classic show-stopper we’d expect for this amount of money in this market. Do you agree?
259 Henry Street [Corcoran] GMAP P*Shark
Market rents are about 3000-3500 per floor on that block, and there are plenty of rent controlled/rent stabilized tenants on the block.
So the price/rent equation is crazy.
An immaculately renoed 17 footer went for 2.x, and 81 State (?) which was basically new went for 3.4.
I can’t see this coming close, but perhaps there are dumb people with lots of money burning a hole in their pockets.
lesbiman, I agree as I don’t think the neutral palate shows the place off as special as it could be. Make everything neutral so the prospects can invision themselves living there does a dis-service here.
I very much agree with dibs and shillstoner about price. I am following this market very closely and there are now 4-5 houses over 5 mill in BH – it just doesn’t make any sense. I think one problem is that Garden Place (Gabriel Byrne’s house) went for something like $4.1 +, and was smaller than both of these. I am underwhelmed by this house. The think that bothers me most is that they have set up the kitchen so that it gets almost no natural light – a big mistake in my book. Also, where is the elevator. For a 5 story house at this price I expect one!
lesbiman, I agree, totally. It’s painted to “sell.”
Photos well done, agreed. And the place was certainly staged for the photo op which is nice to see. But I think the decor (i.e. furniture choices) and the bland color palate throughout takes away from the beauty of the house. It could be quite spectacular with the right colors and furnishings.
Boerumresident…
1. There is a dumbwaiter…it’s hard to see but is on the floorplan
2. There are actually two powder rooms on the garden level, one in the front and one in the rear, just down the stairs from the parlour level.
3. Once they’ve all had enough to drink, they’ll probably be peeing off the “smoker’s balconey.”
shilly, you’re learning. the parlour floor IS for entertaining. You and Vern will be down below washing dishes in your copper sink!!!!
Your observation about price though, is spot on.
This is perfect for DIBs–there’s a formal DR for entertaining on the parlor floor and a dark and dingy DR in the dungeon for the help! Buy it DIBS–you and Vern could be really happy here!
If this sells for 5M, then the 25 footers on prime Heights blocks will have to go for well over 6M, which will mean that prices are the highest they’ve ever been. Which they’re not.
It’s the Brooklynheightsiest place, so beige-on-beige tasteful the eye recoils.
Meh!
Antidope — Isn’t there a dumbwaiter? Although that might not help the dining guest who has had one too many apertifs.