House of the Day: 96 Joralemon Street
Not too shabby! This three-family house at 96 Joralemon Street is top-shelf — and the price reflects it. The 4,600-square-foot property is divided up into three units, including a doctor’s office on the ground floor. Both the upper triplex and parlor-floor simplex are attractively renovated and full of old-school charm. So there’s no question that…
Not too shabby! This three-family house at 96 Joralemon Street is top-shelf — and the price reflects it. The 4,600-square-foot property is divided up into three units, including a doctor’s office on the ground floor. Both the upper triplex and parlor-floor simplex are attractively renovated and full of old-school charm. So there’s no question that lots of folks will be salivating over this place. The only question is whether they’ll be willing to shell out $3,600,000 for the privilege of owning it.
96 Joralemon Street [Corcoran] GMAP P*Shark
“Where are the clients’ yachts?”
stock brokers make money whether the market goes up or down. Old line: “I may be the broker, but youse the brokee”
Brooklyn Heights taxes used to be a lot lower. A LOT lower. They’ve skyrocketed. Still, 30k on a 3mm house is really not outrageous. It’s just that we NYers are used to taxes in the thousands, not tens of thousands.
Anywho, I think what’s happened in Brooklyn Heights tax-wise will be happening in the rest of brownstone brooklyn over the next decade.
“At the peak, this house would have been listed for at least a million more.”
Strikingly consistent with the consensus, -20 to -25 percent down so far. Nowhere is immune. And the DOW now closes today below 10K, the first time since November.
***Bid half off peak comps***
donatella, don’t tell people what Ft greene taxes are (or Bed Stuy, in my case) unless you want an onslaught of posts about getting away with highway robbery just because you own a brownstone and not a condo and aren’t in BH!!!!
What strikes me is how much these Brooklyn Heights houses have come off. At the peak, this house would have been listed for at least a million more. They were wildly overpriced then, however, competing for dollars from the fat and happy pre-crash Wall Street crowd. That area is one stop from Wall Street and 3 from the World Trade Center, not that all the finance jobs are down there these days. The killer are the taxes. A friend has a beautiful 5 family, 25 foot brownstone around the corner on Hicks Street. He pays 30,000 in taxes. The economics of owning a brownstone really change when you are dealing with that. Mine are 2400 in Fort Greene. I’m wondering what will happen in the future….
“Don’t even think of it BHO…”
I can’t help it! It’s killing me inside, DIBS! 1/4.5(one of four and a half floors) x $3,600,000/(10 x 12) = $6,667/mo per floor. No way, now how! More like -33% less. 2.5 mil max @ market bottom.
Stupid today, right tomorrow.
***Bid half off peak comps***
Lot of taxes ’cause of commercial. What does a docs office bring in rent?
I really like it a lot, and the location is lovely too. The price doesn’t seem so high, for a big, beautiful house in Brooklyn Heights. It’s hard to tell these days; some houses find a buyer right away, and end up in the stratospheric sales of the week, but others languish. Luck does play a part.