Price Cut at 355 Degraw Street
This has flown under our radar ’til now…This two-family, four-story brick house at 355 Degraw Street in Carroll Gardens hit the market asking $1,950,000 in early April and was just reduced yesterday by a modest $75,000 to $1,875,000. It was recently renovated and has a nice modern feel without having lost its original charm. The…
This has flown under our radar ’til now…This two-family, four-story brick house at 355 Degraw Street in Carroll Gardens hit the market asking $1,950,000 in early April and was just reduced yesterday by a modest $75,000 to $1,875,000. It was recently renovated and has a nice modern feel without having lost its original charm. The new price should attract some interest, dontcha think? Has anyone been inside? Here’s the listing. GMAP
BKLandlord
“Two large trees limit your possibilities” So many gardens are ruined by too much organic matter; trees, bushes, shrubs etc., I think that if the whole yard had been spread with a coat of cement then skies the limit. You would never have to rake leaves or be bugged by blossoms and blooms. They create havoc, especially in the Spring, when an open space will become completely over run. Also trees can pose a danger to children who might want to climb them.
I’m not sure whether your comment that most home buyers are like you; with children is very P.C. In fact it is downright parentist. Brooklyn accepts all types that want to buy a house. Maybe they don’t have young children. Maybe they have no children. Maybe they are just lonely children looking for a home.
Remember that we may all have parents but we don’t all have children
> “Learn to read Inglish Daveinbedsty.”
Best. Post. Ever!
Learn to read Inglish Daveinbedsty. The word price cut means the price is coming down. But then again if you smoke bongs all day reading becomes pretty difficult
“House sold for $1.36 million in 2004. At this point in the correction, what would really justify a 38% increase in the price since then?”
Aishling, prices have gone up significantly since 2004, and have only come down about 10 percent this year in areas such as this. For example, I used to own a coop in Queens that went up 40 percent in value in 2005, then went up 10 percent every year. In the last year, asking prices are down 10 percent from peak, and I would guess it would take about 10 percent off ask to get a deal done.
I went to the open house several weeks ago, and this is a very nice home. The backyard is great, although the two large trees limit your possibliites. The only issues I had with it were that it was currently set up as a one family and that it is in a poor school district. I have looked at several Brooklyn homes recently and always find it strange that the agents rarely know the district the house is in. I imagine, most buyers are like myself, with young children.
z
Please give me a call when you are looking to do some construction and tell me how much you would like to spend. Maybe 100k is too low but I could make a very decent profit with a $200 estimate. But you can spend as much as you want and a good contractor can find ways to put your money to good use.
But let’s say they did spend more; 400 K. then add that to the purchase price of 1.4 million. Well their return is, in the words of Elvis, less than zero. Also if this was a gut renovation then they didn’t get to enjoy living there.
We should be feeling sorry for the seller
“A gut renovation would have cost between 100 to 200k.”
maybe in 1985.
De Iz
I had another look and I regret my critical comments. It doesn’t look bad at all. But it doesn’ look anything special nor lived in. I would guess that the building was renovated to be sold not occupied. A gut renovation would have cost between 100 to 200 k. If they paid 1.4 million five years ago then I hope that they get the asking price, because it’s pretty fair.
But if the yard is fantasic then mine must be Versaille (I’m still have a go at the sarcasm)
Hi Isabel
No, I have never done a gut renovation. I imagine that you are suggesting that if I had done so I would be impressed with the interior of this building. Is that what you are saying?
I going to have another look to try and see what it this that I am missing. I know that the yard just looked like three sides of stock fencing. It may be tanquil like a prision yard (I trying out sarcasism, I notice that it is very popular with many posters)But it doesn’t have the simlicity of an asian garden or the blooming charm of a european yard.
But dear Iz, getting back to my not having done a gut renovation. If the whole guts are indeed removed then the designer has complete freedom to create a completely new environment. I have seen many spectacle ‘modern’ spaces in old warehouse and brownstones when the builder was not restricted by any detail.
This does not look the case but I will look again. I have already said too much. It’s not a bad space, put in a couple of Barcelona chairs and a Tukish rug and it would be perfect.