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
Beautiful place.
DIBS (or for those of you who prefer, diPRIbs) – would you please enlighten those of us who have to get by with 2 bdrm/1 bth on 1 level @ a tenth of this price…I know the very rich are very different from you and I, but do the uber wealthy prefer to have their kitchens and nearest bath on a different floor level when entertaining?
I think they are going to lose money on this one.
Couldn’t they have taken better pics for a listing like this?
Based on recent comps in the area I don’t see them getting more than $4m, but hey, I’m not really in the market for a place like this so who knows.
dont forget to subtract 10 feet from lot size to account for stoop to front of lot.
and with deck on third floor off master bedroom, there is not much room for outdoor dining way down in the basement kitchen. yuck.
funny funny choices made all over the place if you look at floorplan. food needs to be delivered upstairs to the formal dining room and guests must go up or down a flight to hit a head. kinda detracts from the *formal* dining room effect.
The photos are professional–not the usual broker stuff. I suspect these are from the interior designer/architect (or maybe even a shelter mag) and they didn’t focus on the baths and kitchen.
It looks like an amazing place. I’d hope there’s still some outdoor space on the lower level–I wouldn’t want a deck off the master bedroom to be the only choice.
Dibs, it seems that the 2004 buyers did some renovation in 2006. Corcoran wrote: “flawlessly modernized and brought to contemporary splendor in 2006.”
Perhaps that explains the high asking price. Bought for 4.25M in 2004. Renovated in 2006. Seller is trying to break even.
Posted by: Pigeon at March 3, 2010 1:51 PM
Because they’re “entitled” to break even??? ROTFLMMFAO
$1MM in renovations??? If it was, that contractor/architect are laughing all the way to the bank.
I’m not saying this isn’t an incredibly gorgeous place. It is.
Dibs,
Good point about the gigantic deck.
Gigantic deck plus smallish backyard is plenty for me.
“…they are expecting $1,228 psf just because they bought it in 2004 for $4.25 MM. Yes, priced $1MM above what they paid.”
Posted by: daveinbedstuy at March 3, 2010 1:21 PM
Dibs, it seems that the 2004 buyers did some renovation in 2006. Corcoran wrote: “flawlessly modernized and brought to contemporary splendor in 2006.”
Perhaps that explains the high asking price. Bought for 4.25M in 2004. Renovated in 2006. Seller is trying to break even.
Pigeon, how big of a backyard do you really need???? This place has a gigantic deck.
I would guess that taxes are higher in Brooklyn Heights because the neighborhood has always had significantly higher property values, so there has been a longer history in wich to increase the tax roll. Anyone else have any ideas?