Rental of the Day: 489 Henry Street
Wowza! This five-bedroom, four-bathroom townhouse rental at 489 Henry Street in Cobble Hill is really something. The listing (which comes straight outta the Brownstoner Marketplace) boasts a 20-foot-high open atrium, complete with a ‘glass wall system’ that opens completely into the patio, backyard, and guesthouse. And, at 5,500 square feet, there’s plenty of space to…
Wowza! This five-bedroom, four-bathroom townhouse rental at 489 Henry Street in Cobble Hill is really something. The listing (which comes straight outta the Brownstoner Marketplace) boasts a 20-foot-high open atrium, complete with a ‘glass wall system’ that opens completely into the patio, backyard, and guesthouse. And, at 5,500 square feet, there’s plenty of space to spread out. The modern approach may not satisfy townhouse traditionalists, but the home is pretty green-friendly, with a solar power system. The ask is $18,000 a month, rental prices we’ve featured in Park Slope and Brooklyn Heights but not yet Cobble Hill. What do you think?
489 Henry Street [Luxe Group] GMAP P*Shark
Back to the original discussion, the property/renovation; I am a total traditionalist and I think this place is fantastic. The street side is completely contextual, in fact, I like the way it is almost downplayed, and then the interior explodes into this elegant, warm, totally modern design statement. The glass wall in back is very exciting and brings the garden and house together, the light it admits completely dispels any of the “dark victorian rowhouse” preconceptions. The space and amenities are lavish but the overall product is tasteful and low-key. Excellent job.
I am amazed how people always so simplistically compare price/sqft. They always forget location and everything else that comes with it. Guys …. you can buy mansions for $50,000 in the middle of f…. nowhere. Or you can rent this place for $18k/month or as someone else rightfully pointed out but a $19MM pad in the trump tower. This house is gorgeous, the block is magnificent and extremely safe. I had a friend who moved in South Park Slope, cheaper than North Park Slope. His scooter and car he left in the street got vandalized after 2 weeks (on 13th street I believe). Great neighborhood right ? This wont happen on this block for example. Also extremely quiet … Anyway its a lot of money but my point is that for people who can pay $18k/month, there are many factors that come into the equation and most of them you cant buy. They either come with the place or they don’t. The same way people pay $50/night for a hotel and others pay $5,000/night.
BHO-
Ask prices are not the appropriate metric. Should be percentage down from prior or comparable actual sales.
BHO, 304 Union didn’t go for 20% of the “pre-Lehman ask”. $4 million dollars was a ridiculous amount to ask, as it clear since it didn’t sell pre-Lehman. I don’t recall a single other 4 story property in CG that got more than $3 million even at the height of the market — were there any? Can you point to a single CG house that sold for the $4 million you think houses like these were selling for at the so-called “peak”? Just because I put a $6 million asking price on a house doesn’t mean my only getting $4 million for it shows some huge market decline if the $4 million dollar selling price is still $1 million more than any other house has ever sold for. Get it?
quote:
Of course, it’s generally the bank’s money, not the banker’s.
unfortunately, it’s really OUR money.
*rob*
No, Pete, the FRINGE is including ME against my will. I keep hearing voices, “ten times rent roll…must hold out”
***Bid half off peak comps***
are you including yourself in the ‘lunatic fringe’, BHO?
Sure seems like I must have quite a few rich neighbors these days. How do I tell them apart from all the regular poor underpaid civil-servants regular joes like myself in the area?
“The ‘banking cartel’ BHO?????”
Lunatic fringe lingo.
***Bid half off peak comps***
“What kind of housewarming gift could one possibly buy for the person who rents here?”
Wet suit for the next 25 percentage drop points. Equity goes poof! House takes on water. Bloop bloop bloop…
***Bid half off peak comps***