Open House Picks
Fort Greene 129 South Oxford Street Brooklyn Properties Sunday 12:30-2:30 $2,500,000 GMAP P*Shark Fort Greene 297 Vanderbilt Avenue Douglas Elliman Sat 1-3, Sun 1-3 $2,000,000 GMAP P*Shark Clinton Hill 125 Cambridge Place Real Property One Sat 12-2, Sun 12-3 $2,000,000 GMAP P*Shark South Slope 228 14th Street Corcoran Sun 12-2 $1,200,000 GMAP P*Shark
Fort Greene
129 South Oxford Street
Brooklyn Properties
Sunday 12:30-2:30
$2,500,000
GMAP P*Shark
Fort Greene
297 Vanderbilt Avenue
Douglas Elliman
Sat 1-3, Sun 1-3
$2,000,000
GMAP P*Shark
Clinton Hill
125 Cambridge Place
Real Property One
Sat 12-2, Sun 12-3
$2,000,000
GMAP P*Shark
South Slope
228 14th Street
Corcoran
Sun 12-2
$1,200,000
GMAP P*Shark
Re: Cambridge
Yes, breathtaking. I stopped breathing when I saw the price, the plywood boards on the front and the cheapo interior.
BTW — HD is not the reason some of these flipper renos look cheap. The flippers make such bad choices at HD/Lowe’s. Not fair to tarnish the vendor for the flipper’s bad taste. You can’t make it look high end at HD, but you can do better than these guys do.
Re: South Slope. Price very much in line for similar houses in the area. Most houses around there are much lower only because they are in such bad shape. This price looks ballpark for a house you don’t have to take apart to make livable.
And gravitating from other metropolitan areas to this one, 1:58. It’s jobs. People who aren’t getting jobs in other cities come here. If it’s true there are a lot of people coming from other big cities to this one, then it would say something about the job market vs. number of graduates, around the rest of the country. More than it would say something about NYC being attractive to people, or affordable which it’s not. Despite the expense of living in NYC, if someone has a degree in media or banking or whatever, they want to work in their field.
I actually think th South Slope house would be zoned for the school on the corner of 14th & 4th, not PS 10.
Recent demographic studies have showed that there is a net outflow of people from New York, but that the natural increase (about 700,000 people) of NY population is due to natural causes, i.e. more babies being born and people living longer. But not to be a nitpicker, I am
wondering where the inflection point is, i.e. do we start getting a rental glut when tenants get a big choice in what kind of apartment they can get for the same price. Parlor floors and pretty back yards for owners are very nice but even when apartments are nicely finished, there are only so many ways to finish a floor through apartment for a tenant on upper floors. My understanding is that for a 18-20 foot wide brownstone that a floor through apartment in these buildings is between 1500 – 1900, depending on renovations, proximity to trains, amenitites, and width of buildings.
I don’t think it is off topic. Are historic properties so attractive to live in as a tenant? I think that it is relevant to the current price movement in Fort Greene and Clinton Hill. I am happy to see the appreciation but it seems unreal to me.
Or does the money now attracted to these neighborhoods not care about rents? (enlightened wealthy??##@! eew.)
Cambridge Place is a nice block but this looks like a flipper took a charming but dilapidated house and did a Home Depot reno.
Price might be doable for an absolutely PRISTINE single family renovation, but a poor quality double duplex isn’t going to fly. And for $2 mil, you should get a beautifully restored front porch,not plywood.
Rents are going up too. I bought my house in FG 3 years ago and my appartments are worth about 35% more now.
Seperately, people keep asking where all the people are coming from to fill all the new living spaces. I dont think its simply an issue of people coming over the bridge because they are priced out — I think in general across the country people are gravitating towards metropolitan areas at increasing levels.
Agree that the price on the Cambridge Place is nuts, especially cuz the interior just doesn’t look that sweet. Maybe if the interior had perfect orig details…which it doesn’t. Expect some big price cuts here, we’d say.
the listing for the cambridge place says “breathtaking”
LOL.
i’d say more like abandoned.
oh and your enlightened wealthy comment was pretty gross. if that’s the kinda hood you strive for, i feel sorry for you.
Yes I do think the SouthSlope property looks really nice.
The realtors mention all the things that make the house ready for conversion back to 2-family but I always have thought the SouthSlope houses are too little to be 2-family. This is just perfect as a single-family house. Not so big the heat bills are outrageous. But more space than you’d ever get in a condo.