Open House Picks
Boerum Hill 100 Nevins Street Nancy McKiernan Sunday 2-4 $1,975,000 GMAP P*Shark Park Slope 425 Dean Street Brown Harris Stevens Sunday 2:30-4 $1,425,000 GMAP P*Shark Clinton Hill 306 St. James Place Corcoran Sunday 2:30-3:30 $999,999 GMAP P*Shark
Boerum Hill
100 Nevins Street
Nancy McKiernan
Sunday 2-4
$1,975,000
GMAP P*Shark
Park Slope
425 Dean Street
Brown Harris Stevens
Sunday 2:30-4
$1,425,000
GMAP P*Shark
Clinton Hill
306 St. James Place
Corcoran
Sunday 2:30-3:30
$999,999
GMAP P*Shark
Exactly, Boroughbred. Like Muffet would be so crazed and desperate to buy within the next 6 months as she’s often stated as her timeline, if she thought prices would plummet the next few years. If that were the case she’d wait a few years to buy instead.
Miss Muffet, if the sellers of Dean Street listed the house for $999K, you really truly think it would sell for that? As Boroughbred says, you’d be the first in line to buy it. First in a line of several buyers making competing offers. Competing offers which would drive the price up.
Why are you comparing this market to 2004? Demand for historic Brooklyn houses have only gotten higher and the typical buyer more wealthy since 2004. Appeal of the suburbs has decreased further. Amenities have WAY improved on many streets in Park Slope including those around the Dean Street house. 5th Avenue is night and day it’s so different. Schools have continued to improve. You often compare two completely different markets in different eras or years to support your attempts to panic sellers; we’ve seen it before from you. Nobody says we’re not in a tough time that gets worse before it gets better, but you conveniently never ever weigh all factors (like supply vs. demand, a pretty big one) so at this point it’s still all mere speculation.
Miss Muffett, First of all I doubt the owner of Dean Street would even consider selling for a million and if they did I bet you would be the first person on line to pay a million for that very awkward layout, and telling people that you think it was really worth $1.9
Or, Knickerbocker, maybe you should buy in 2010. Perhaps houses won’t on that block won’t be 325K, but I would not be surprised if they were closer to 1 million.
Boerum Hill – 7 years ago, 4-story 20′ wide brownstones in prime park slope were selling for $999 (I know friends who purchased these). 7 years may feel like an eternity now, given the unprecedented price rises of these years, but really, that house on Dean street is very modest to say the least. If we had a correction that brought us to, say 2004 levels, which is *not* that extreme, I could easily see it selling for 1 million or even far less. I think a lot of sellers/brokers are in total denial that such a correction could happen but it’s happened before and under far less severe economic circumstances than we’re facing now, so why couldn’t it happen now? I think it easily could.
Hey, Knickerbocker, I think you must mean 449 Pacific, not 449 Nevins. The playground that allegedly caused you so much grief is fully half up the next block and partially submerged. And that would be 8 a.m. in the morning. But I quibble.
I haven’t been inside 100 Nevins (I’ll make sure to hit the open house!), but whenever I looked in the windows it seemed bright and spacious. The center staircase is a dramatic centerpiece for what might otherwise have been an uninteresting and narrow house.
You might be right that 449 Pacific sold for $325K in 1995. But recently houses on that block have sold for well over $2 million. Maybe you should have bought it in 1995.
Remember it’s “not to scale”. I think that little square-with-an-x in the bath off the study is a shower.
I lived at 449 Nevins for a few years in the mid 90s, which is the lighter colored building attached to the left side of 100 Nevins. Never saw the inside of 100 Nevins, but peeked through the window many times and could always hear conversations through the walls.
100 Nevins is REALLY narrow. Once you factor in the staircases the place is anorexics only. The masonry was disintegrating on our side of the wall (I am assuming that we had a shared party wall). We also had a major rat and roach problem which I am sure was a common issue (but that was a long time ago).
But the part that always got me was the blood curdling screams emanating from the public school across the street. That started every morning before 8pm and did not end until late afternoon. Yes it was just kids playing, but man, they screamed bloody murder all day. Also there is a flagpole at the school with an unsecured metal ring around it that clangs in the wind all day and all night. I still remember the sound reverberating in my apartment. I walked by about a year ago and it was still making that noise. Basically its like a low rent “Tell Tale Heart.”
Oh, and across the street is the still unfinished “Green House” which used to be a “Crack House”. I laugh at the developers attempt to sell that place as healthy – it used to be the most disgusting building in the area.
Back then 449 Nevins had a for sale sign on the front – ask price was 325k in 1995 for a building with 4 rental tenants who had to pay for their own heat and hot water. How’s that for a comp.
Am I missing something on the Nevins Street house? It looks awfully narrow and from the pathetic “floor plan.” Also, there seem to be one full bathroom (on the first floor up) and two half baths for the rest of the place. Given this is in the historic district, they cant be selling the development rights. So why priced so high? The shag rugs do give it a nice 60s vibe though.
I have seen the Dean Street house and don’t understand the above poster’s comment that the layout is awkward. I think it works very well, on both levels, and the kitchen finishes are nice in both. It’s a really cute house and the location is super-convenient to Fifth Ave., as well as the 2/3 trains at Bergen and Flatbush or the Pacific St. R, M, D, and N stop (with access to everything else at the Atlantic Ave. stop).
I’m less worried about the Atlantic Yards Effect (as it seems less likely to be built) than I was last year at this time so I would consider this area more than I would have then.