House of the Day: 315 Garfield Place
As Curbed noted earlier this week, the monster mansion at 315 Garfield Place in Park Slope which tested the waters with an $8.5 million asking price back in the dark days of late 2008, is back. The 28-foot-wide house is still just as gorgeous, the market is stronger and, at $8.15 million, the price is…
As Curbed noted earlier this week, the monster mansion at 315 Garfield Place in Park Slope which tested the waters with an $8.5 million asking price back in the dark days of late 2008, is back. The 28-foot-wide house is still just as gorgeous, the market is stronger and, at $8.15 million, the price is slightly more within reach. Think they’ll get close?
315 Garfield Place [Brown Harris Stevens] GMAP P*Shark
“maybe its a 4 million dollar home MAYBEEEEEEE”
That would mean it was about 580 psf. New Condos sold for a higher psf on Flatbush Avenue.
And as mentioned above, 17ppw sold for 8mm and that needed a renovation.
1910 – HAAAAAAAA
Rich people DO like to sit
“New math doesn’t apply to old houses”
But old math does: 3x income, 10x rent. Sell sell sell.
***Bid half off peak comps***
DiBS, the designation report says 1889, but that’s also the same year as 36 and 46 Montgomery. I checked, and 25 Montgomery (also by Gilbert) has applied moldings, too, although with curly-Qs, etc. at the corners. I guess there could have been a rash of remodelings, but I think it may have been a Gilbert thing. Those moldings were pretty typical in 19th century France, and Gilbert was French trained (Ecole des Beaux-Arts), so my gut instinct is that they’re original. I could be wrong.
By Donald Brennan on November 3, 2010 2:58 PM
Asking price justification as relayed to me recently when looking at a brownstone Brooklyn property (not this one) with my buyer client:
Me: So what are the comps to support your asking price on this property?
Listing broker: There is nothing else like it on the market.
Me: Brilliant!
…
Ha! Love it.
“Listing broker: There is nothing else like it on the market.”
You got that right, Mr Broker. Everything else like it sold off the market within ballpark. You’re in a goddamn olympic complex.
***Bid half off peak comps***
20/26 (proportion to typ width) x 4/5 (proportion to typ stories) x 1.2(annual bubble appreciation)^2(2006 to 2008 market top) x 3.3 mil = 2.9 mil say 3 mil.
***Bid half off peak comps***
New math doesn’t apply to old houses.
“From those pictures, rich people sure do like to sit!”
hahaha!
20/26 (proportion to typ width) x 4/5 (proportion to typ stories) x 1.2(annual bubble appreciation)^2(2006 to 2008 market top) x 3.3 mil = 2.9 mil say 3 mil.
See, 11217! Typical North Slope brownstone peak was about 3 mil. All down from there baby boy.
***Bid half off peak comps***