House of the Day: 395 10th Street
This new listing at 395 10th Street in the South Slope ain’t much to look at right now, but it’s a nice-sized house in an increasingly popular part of town. Obviously the Flintstones look of the exterior in a real downer and, while there’s an old claw foot tub and a mantel or two, much…
This new listing at 395 10th Street in the South Slope ain’t much to look at right now, but it’s a nice-sized house in an increasingly popular part of town. Obviously the Flintstones look of the exterior in a real downer and, while there’s an old claw foot tub and a mantel or two, much of the original interior charm has been purged. Two strikes against it. The price, however, has just been lowered after a month on the market to $1,495,000 and if someone with more modern inclinations buys this place he or she won’t have to feel guilty about gutting something historic.
395 10th Street [Century21] GMAP P*Shark
“If it weren’t for Manhatttan, this place would be worth $169,000.”
so….with manhattan a stone’s throw away from the train of your choice…..849,000
Hey fed…bought the other three in 1993, 1999 and 2000…they are all about 2.5 -5 x what I paid for them.
As in stocks, timing is everything. But I suspect you know that…er, maybe not.
I’m not shilling for my neighborhood…my house is worth less than what I have in it…but not more than $100-150k and, over the past three years I’m up $120k in reduced costs (taxes an common charges) and rental income having moved from a manhattan condo to this house. Original LTV was 40%.
Maybe some of you that just rant about what others post should actually pay attention sometime!!!
Some of the links to comparable homes in Clinton Hill and Bed Stuy are missing an important point — having a good public school in the neighborhood where you can send your kids for free is one of the true conveniences most families look for. Many parents who live in CH and Bed Stuy haul their kids to school on the subway each day — believe me, that’s a far more inconvenient prospect than riding the F train a few more stops. And the middle schools in District 15 are good, too, and a few are quite close to this house. Yes, 1.5 is high, but, depending on how much work is really needed, not as outrageous as some prices I’ve seen here for far more beautiful homes in neighborhoods where families don’t send their kids to the public schools.
Hey dave your argument is ridiculous
“No way would I have ever been able to own 4 homes with two of them mortgage free.”
it’s like boasting owning stocks without any debt although their value went down
astringer is right. you are all shills for your nabes and your pathetic re business. re is crashing and you are scared. check out todays zillow numbers.
http://www.portfolio.com/business-news/2010/11/10/zillow-study-shows-housing-slump-approaches-great-depression-levels
naturally you believe that your nabe is different and will escape the imminent crash if you shill enough in browstoner
astringer, where in Brooklyn do you live? how do you like it there?
asstringer…without knowledgeable types like you here we’d all be in the dark about real estate. No way would I have ever been able to own 4 homes with two of them mortgage free.
I like your style though…through out some numbers that you’ve pulled from your ass and voila, you’re the expert!!!! ROTFLMMFAO
Price is ridiculous for a gut reno that undoubtedly needs updated mechanicals. This will come off the market for a few months and then back on with a new broker and gut-renovated price. Best guess is the same as above: something around the $1 mil mark.
All the noise about commutes is ridiculous. If easy commute drove price, Boerum Hill would be the priciest neighborhood in Brooklyn and Cobble Hill and Park Slope among the cheapest.
Actually, I don’t think anyone argued in favor of this house or the price.
I know, DIBS! Truth can be painful to hear sometimes, especially when your loss in $100.000’s…
Don’t worry, prices will go up again….in 15 Years may be!