Multiple Price Cuts for Heights Houses
Not even Brooklyn Heights, the bluest chip in the borough, is proving immune to the pressures of a weakening market. Exhibit 1: Three of the lower-priced houses on the market in the area have recently had to undergo price reductions in their bids to find buyers. The most surprising of these, in our opinion, is…
Not even Brooklyn Heights, the bluest chip in the borough, is proving immune to the pressures of a weakening market. Exhibit 1: Three of the lower-priced houses on the market in the area have recently had to undergo price reductions in their bids to find buyers. The most surprising of these, in our opinion, is 72 Middagh, a 3,450-square-foot former school house with its own parking that recently underwent a pitch-perfect renovation. This one started out three months ago at $2,995,000 and was just cut to $2,895,000. The historic colonnade of 47 Willow Place was not enough to reel in a buyer at the initial asking price of $3,450,000, so after just five weeks, it too had its price trimmed to $3,200,000. These two cuts follow the unsuccessful efforts of a succession of brokers to unload the suburban-modern carriage house at 43 Love Lane. Brown Harris Stevens, Stribling and Halstead gave it a go for most of last year, starting at an original asking price of $3,500,000. Coldwell Banker took over in February at $2,995,000. With no better luck, they cut the asking price to $2,745,000 at the end of April. Where’s the bottom on this stuff?
72 Middagh Street [Corcoran] GMAP
47 Willow Place [Corcoran] GMAP
43 Love Lane [Coldwell Banker] GMAP
House of the Day: 43 Love Lane [Brownstoner]
HOTD: Love Lane Buyer, Wherefore Art Thou? [Brownstoner]
House of the Day: 72 Middagh Street [Brownstoner]
House of the Day: 47 Willow Place [Brownstoner]
2:52:
I have a brownstone (5 floors) and do indeed rent out 3 of the 5 floors. I live on 2 of them. A nice 3 bedroom, 2 bath duplex with dining room, living room, garden, etc.
Factoring in the rent that my tenants pay, my housing costs are zero. Well, I take that back, I’m MAKING about 1000 a month to live in a duplex in New York City.
Thanks for getting that rent in on the 1st!!
i never got the draw of buying a 3 million dollar house, and live in a small duplex apartment. Sure, part of your mortgage is paid, but you deal with the hassle of having tenants, none of the services you would if you bought a co-op in a historically significant neighborhood.
I’ve been in plenty of brownstones, and they tend to lack light (unless they are on a corner)
You may ask why i am on a website called “brownstoner” if i don’t like brownstones. well i do like them. i just can’t see how it’s a superior way to live.
2:52 – bitter renter paying for someone else’s mortgage. lame.
but it seems most people on here buying brownstones end up renting out two or three floors – so they only live in the equivalent of one apartment anyway. lame.
2:43#2, I do the same (sometimes I bike). Just this morning, as like other mornings, I was thinking how lucky I am to be able to experience it every day – it really kicks in on the way home when I see all the other tourists appreciating it. By the way, check this out for tomorrow night and the weekend. There will be fireworks and a light show on the Bridge starting tomorrow night.
http://nycvisit.com/bb125/
2:43, I work for Heather and Nokilissa. They totally understand my obsession and need to blog all day long.
I live in BH and walk to work over the Brooklyn Bridge. Come days I take the water taxi (altho it doesn’t save me time). But either way, it makes my days so much nicer. Wouldn’t change it.
Biff I am going to report you to your employer STOP BLOGGING and get back to work.
How much would a house like the one on Willow Place rent for? $9,000 a month?
I know a couple who are renting a beautiful
brownstone in Greenwich Village for 10,000 a month. and it is in the nicest residential part of the Village. Wonder what Brooklyn Heights would command?