House of the Day: 286 Hicks Street
This brick townhouse at 286 Hicks Street in Brooklyn Heights has been on the market for about six weeks with an asking price of $3,200,000. Other than it being a little on the narrow side (17.5 feet), there’s really nothing to quibble with on this one: Beautiful interiors, charming yard, great location. The three-over-one two-family…
This brick townhouse at 286 Hicks Street in Brooklyn Heights has been on the market for about six weeks with an asking price of $3,200,000. Other than it being a little on the narrow side (17.5 feet), there’s really nothing to quibble with on this one: Beautiful interiors, charming yard, great location. The three-over-one two-family is bound to have lots of interest. The only question is whether they’ll be willing to pay the ask!
286 Hicks Street [Corcoran] GMAP P*Shark
Ok, makes sense now, the $600. Your logic always made sense.
This is how I look at it: if you want top dollar, it has to be perfect: central air $80,000, new kitchen ($50,000), new bathrooms ($50,000). The facade has to be reworked ($40,000), so you need an LPC-caliber architect ($60,000), whom you will need to coordinate new flooring, baseboards and moldings that don’t look like a cheap condo in Sunset Park ($50,000). You will probably need mechanical upgrades to support your new C/A, new bathrooms, new W/D and D/W , in-wall stereo and audio-visual equipment ($50,000), add some skim-coated walls, fancy wallpaper in the dining room, custom millwork for closets and shelves ($50,000), add 5% for surprises, expediters and/or interior designers and lighting specialist, and voila!
The math would work the same if you went with a cheaper option; you would spend less, it would be worth less, you still shouldn’t spend more than it’s worth done (try to say THAT 7 times.)
by the way, this is a funny photo. In reality, the building is not the color of Tandoori chicken.
Maly, $600,000?
I think this is pretty close to the Love Lane construction. I think that this is a dynamite location. Great street, a short walk to the 2/3/4/5/A/C/R. It is a blah interior and a groddy little kitchen, but that can be redone, moldings and details added. I think that you can do the reno WAY cheaper than what Maly calculates (though I like his/her way of looking at it). but I did everything on the cheap. (equals serious aggravation but WAY less money). Also the floors are also sort of crappy looking but it is possible to recreate a historic floor with parquets and mahoghany and walnut trim strips.
And unless you are renovating the exterior you can do this work without landmarks. I used to live very close by and it is really nice there.
The construction behind this house is the house next to the MTA substation on Willow Place. It was basically a shell without a back wall. It is a complete renovation with almost nothing salvagable. It had nothing to do with the explosion in Feb/Mar.
bessie2 –
Think that’s related to the MTA substation explosion on Willow Place back in Feb/Mar.
Meh. Kind of blah inside, narrow, no intricacy… and the kitchen is small and needs to be redone. 3.2 is a big stretch in my opinion.
I think location of kitchen is good…just the layout of it is lacking. Gives the living room the full width of back of house looking out toward the garden.