House of the Day: 262 Clifton Place
Someone really went to town on the reno of 262 Clifton Place, a three-story brownstone between Bedford and Nostrand in Bed Stuy. (No, it’s not Clinton Hill.) And while we don’t love all the aesthetic choices, it’s clearly a strong effort. We fear that, given the location, the owner is going to have a hard…
Someone really went to town on the reno of 262 Clifton Place, a three-story brownstone between Bedford and Nostrand in Bed Stuy. (No, it’s not Clinton Hill.) And while we don’t love all the aesthetic choices, it’s clearly a strong effort. We fear that, given the location, the owner is going to have a hard time getting close to the asking price of $1,300,000. Those are a lot of ducats in this part of town. What do you think?
262 Clifton Place [Douglas Elliman] GMAP P*Shark
“Bought for 370K in 2007”
Not market price at all in 2007 but so in say ’95 to ’01. +200% to 900K+ per consensus (like NY Case-Shiller). All credit and fraud induced speculation. As always, the piper WILL get his. We have a ways to go before bottom. It’s mind blowing that we still have people out there levering up to hold the bags. Why not ask for 1.3 mil. But sadly successful sellers will turn around and continue the Ponzi, trading up to yet another overvalued peice of property (rather than keep profits, rent and then buy back in at bottom). The gains tax waiver encourages it.
***Bid half off peak comps***
Bought for 370K in 2007, nicely renovated I think, unless the photos lie. Crazy listing price, floating way high above recent comps.
conveniently located by the Bedford Nostrand G stop
LOL 1.3 million. they’ll get 900k tops.
I don’t blame them for asking that. It’s the buyers that are delusional.
***Bid half off peak comps***
If Jerry Minsky gets a million for this I’ll give him my house to list.
overpriced perhaps, but one of the best renovations a hotd has had in a very long time. i agree with about all of the choices they made! me like.
They might get to a million on this, though most likely something like 950 will take it. Its a nice reno and a decent location. In Clinton Hill this house could get this price I bet.
WOAH Way over price-800k maybe
I like the basement!