Open House Picks: Under $1.5 Million
Boerum Hill 364 Degraw Street Prudential Douglas Elliman Sunday 12-3 $1,350,000 GMAP P*Shark Clinton Hill 306 St. James Place Corcoran Saturday 2-4 $1,150,000 GMAP P*Shark Park Slope 304 5th Street Aguayo & Huebener Sunday 2:30-4:30 $1,100,000 GMAP P*Shark Bedford Stuyvesant 761 Quincy Street Halstead Sunday 12-3 $720,000 GMAP P*Shark
Boerum Hill
364 Degraw Street
Prudential Douglas Elliman
Sunday 12-3
$1,350,000
GMAP P*Shark
Clinton Hill
306 St. James Place
Corcoran
Saturday 2-4
$1,150,000
GMAP P*Shark
Park Slope
304 5th Street
Aguayo & Huebener
Sunday 2:30-4:30
$1,100,000
GMAP P*Shark
Bedford Stuyvesant
761 Quincy Street
Halstead
Sunday 12-3
$720,000
GMAP P*Shark
BH – Too damn shallow (front to back).
CH – Too close to Atlantic Ave.
PS – Compressed bay window (why’d they even bother).
BS – Location, location, location…
All overpriced. CH has best potential though.
i think the 14th street house referred to above may end up selling for close to the asking actually. saw some very interested people at a recent open house.
no, 5th street house is not 321 (wrong side of the street).
Anon at 1:20:
You are right about that street. I forgot about the issues on that block. But I don’t agree completely with the comparison to 14th Street. Houses in the main Slope go for a lot more than houses in the South Slope (which is where I live), and I am pretty sure this 5th Street place is PS 321, with the surcharge that brings. That 14th Street place was way way overpriced, although is now getting down to a more reasonable price.
Anon at 12:31
I agree I may have overstated the need to gut.
But, there will be lots of work necessary to create better owner and rental space. The current duplex is tiny. New mechanicals may be likely too.
I have lived near this place for many years and have never observed any significant maintenance. In fact, the clean up of the front yard for the picture was the most work ever.
1.1M still cheap for the size, even b/w 4th and 5th ave, assuming the house is not a disaster. i believe this is a 20-foot-wide building. i don’t live on the block, but nearby, and i don’t think the school is a liability. (It actually makes parking on that block a little easier, b/c fewer people lving on the block, tho that cd change with the 12-story apt building opening down the block.)
i agree this is not a $2M house in the best of condition, but you’re not going to find cheaper than $1.1M for this house on any equivalent block.
364 DeGraw is wide but not very deep (20×32 according to PShark). The extension probably adds another 4 -6 feet, so we might be looking at approximately 2800 square feet. Thus, 482 psf for a fixer-upper on a prime BHill block seems about right. Its the same price that 359 Degraw sold for in January. Would not be surprised if it sold for $150 over asking.
Bored, you know much more about the area and the house than I do, but those photos don’t show me a house that needs gutting. The floors are in great shape, I love the wide plank floors in one room, and the back yard, although probably small, looks fine. Obviously they shot the best rooms, no kitchen and bath shots, and who knows what’s wrong with the rest of the house, hopefully someone will report back, but I think gutting it would be a bit extreme. I’m sure it needs a lot of work, inside and out, but may be the perfect house for someone looking to be in the neighborhood at a somewhat reasonable price, considering what houses go for there.
“That strikes me as the only reason why it could be so cheap. Otherwise, half a million could turn this into a 2 million place.”
Not on that block, the entire row of houses faces a school and tarmac sketchy skateboarder playground. They can’t sell a beautifully restored 20footer between 8th and PPW on 14th st for 1.8m, why would anyone pay $2m for something below 5th avenue?