House of the Day: 93 Wyckoff Street
At first glance, this small Boerum Hill house, currently used as an artists’ live-work studio, seems priced like a development property. The building is small (2,200 square feet) and doesn’t look like much. It could be a 19th century stable with some unfortunate later alterations, such as the brick veneer, or it could be a…
At first glance, this small Boerum Hill house, currently used as an artists’ live-work studio, seems priced like a development property. The building is small (2,200 square feet) and doesn’t look like much. It could be a 19th century stable with some unfortunate later alterations, such as the brick veneer, or it could be a later building with some older salvage additions, such as the stable door.
On the other hand, the lot is large (42 by 100 square feet) and the building extends over more than half of it. There is also parking and a garden.
Then again, the current building is using only a quarter of its FAR, or 8,300 buildable square feet. The listing suggests, “build up on the current footprint for a spectacular home. Or start over and build two separate homes in this great residential area — live in one and sell the other!”
The ask is $6,000,000. What do you make of it?
93 Wyckoff Street [Elliman] GMAP
Doesn’t surprise me that the realtor involved is driving such a greedy deal. I know the owner and he is ambitious but I did not think he was delusional. Overpriced by $2.5m if I am being generous
Lot as development: 723 / SF = Not a chance
Building as-is: $2,727 / SF = Not a chance in hell
I saw at least part of this parcel for sale in the mid-1990’s, but it included the apartment building on the right and there was no driveway on the left. There was a good sized factory right at the street where they made dials for dishwashers. All their machinery was machine age industrial – green enamel and steel. At the rear of the property was this amazing stable that hadn’t been touched in years – heavy timber, dramatic – there was even still some hay on the floor. The apartment building was sad, clearly neglected with water damage from ruptured pipes. There was this old couple living on the top floor with little to no heat or other services, very sad. The price was around $350K.
citation plz
Wrong on 398 Pacific. Had offers over ask, contracts almost done, the shady owner pulled a 180 at the last minute to re-list at a significantly hire price, probably with a different broker or direct once the broker exclusive expires. Way better block at Pacific, maybe an end user could pay $5ish, but not a developer. Don’t see Wykoff at $6, maybe in the $4s.