Residential Sales in Brooklyn
PARK SLOPE $1,242,500 375 12th Street 2-family, prewar town house; 2 bedrooms, 1½ baths, dining room, renovated kitchen and baths, whirlpool tub in primary unit; 1 bedroom, 1 bath in other; hardwood floors, original molding and detail in each; rear garden; 18-by-100-ft. lot; taxes $2,147; listed at $1.25 million, 8 weeks on market (broker: Aguayo…
PARK SLOPE $1,242,500
375 12th Street
2-family, prewar town house; 2 bedrooms, 1½ baths, dining room, renovated kitchen and baths, whirlpool tub in primary unit; 1 bedroom, 1 bath in other; hardwood floors, original molding and detail in each; rear garden; 18-by-100-ft. lot; taxes $2,147; listed at $1.25 million, 8 weeks on market (broker: Aguayo & Huebener)
Residential Sales [NY Times]
Photo by Kate Leonova for Property Shark
CLINTON HILL $1,106,000
185 Lefferts Place
4-family brick townhouse; primary duplex: 2-bedroos, 1.5 baths; simplexes: 1 bedroom, 1bath; 16-by-125-ft. lot; taxes $1,200; listed at $1,145,000. Brokers: Gwendolyn Fairly-Smith; Brooklyn Properties of 7th Avenue.
2nd item from Sunday’s New York Times
lp is getting at the right point. The south slope frame houses are now going in the range of this one on 12th street if they are renovated, under $1 mil if they have never been touched. It is a bit dicey taking an old frame house apart, so perhaps worth spending the money if someone else already has done it (assuming they’ve done it right and that you can tell). Several other recent sales of near south slope renovated frames — 248 12th, 244 14th, and 229 11th — are all above the price for 12th street. Whether $700/sf is what the market should bear is one question, but the market is bearing that right now. As for value, is it more or less value than walking four blocks north and paying $300-500k more for a similarly sized brownstone or brick? Hard to know what the answer is.
Is it really? honest question…
What are the boundaries of the “south slope”? Clinton Hill is pretty pricey, but I guess your statement about current cost of real estate really depends on what you consider “south slope”.
No you did not make your point. The south slope is a more expensive area than clinton hill, regardless of the siding, renovation, size, etc.
i guess i was overstating my case for clinton hill being 700- 900 but I hope i made my point that is a very small house to command that kind of mobey
I meant to say that we paid about the same price as 12th St. (for more than double the sq. footage)
I really have to disagree with Anon 1:08’s assesment of the worth of 12st. I saw it too and it had plastic siding and was generally very inexpensively done. 11:49 is right. It is tiny, the rooms are very small-scale and a family of four would definitely need the whole house. We live in the South Slope but just bought a gorgeous six-bedroom in Ditmas. There’s just no value in the South Slope anymore.
And it’s a 4 family, and it’s only 16 feet wide… Long lot though. Pretty good price for the seller for Bed Stuy border…
Actually, the Lefferts Place sale above is technically in Bed-Stuy as it is the block of Lefferts Place between Classon and Franklin, and it’s still over a million.
you can’t get a brownstone in clinton hill for 700-900k unless it is a shell or needs a complete gut, or has rent controlled tenants. Bed-Stuy, sure.