House of the Day: 476 Degraw Street
We don’t usually like houses that look too newly renovated, but this listing at 476 Degraw Street strikes us as being quite attractively done. While the three-story, two-family brick house is certainly very cute, it’s not very big (though the listing touts lots of excess FAR that a new owner could play with). It’s also…
We don’t usually like houses that look too newly renovated, but this listing at 476 Degraw Street strikes us as being quite attractively done. While the three-story, two-family brick house is certainly very cute, it’s not very big (though the listing touts lots of excess FAR that a new owner could play with). It’s also in a location that some house-hunters might see as suboptimal–a block from the Gowanus Canal and a block from the Gowanus Houses. Think it’s worth $1,595,000?
476 Degraw Street [Corcoran] GMAP P*Shark
Despite what people say on here, that area is pretty nice regardless of how close you are to the canal or the housing project.
Is this in Boerum Hill, Carroll Gardens or Gowanus?
Or should we just call it Superfundia?
I think it’s only been on the market for a five or six weeks.
And the more relevant comps are probably the two not-renovated houses that sold or went in contract this year on the flip side of this block on Sackett. They were both asking around $1.1 or 1.2 and I think sold above that.
So when Pete suggested it was a comp because it sold for more you agreed, but when the arithmetic wasn’t in your favor, it became a non-comp. Gotcha.
…
The adjacent graffiti wall gives this place some serious street cred. Honestly, you cannot put a price on that.
I don’t think been for sale long. Streeteasy says since 10/26 and I don’t remember any discussion on brownstoner about it.
if you consider those comps I would suggest that you refrain from shopping
By thefed on November 30, 2010 1:37 PM
a symptom of the dip is that a property now is asking less for what a comp recently went for.
…
112 Butler sold for $611 psf.
476 Degraw is asking for $759 psf.
Math is hard! Let’s go shopping.
I think this is a pretty cute block.
Hasn’t this house been discussed already? It’s been on market a while. It’s literally next door to a (currently low) commercial property and on other side of block is empty lot. So, perhaps threat of imminent construction is what’s holding it back – anyone know the zoning risks?