Residential Sales in Brooklyn
PARK SLOPE $1,350,000 53 Lincoln Place 117-year-old, 3-bedroom, 2-bath wood colonial; windowed kitchen, living-room fireplace, hardwood floors, in need of extensive renovation, 25-by-113-ft. lot; taxes $2,900; listed at $1.3 million (multiple bids). Broker: Aguayo & Huebener. Residential Sales [NY Times] GMAP P*Shark Photo by Kate Leonova for Property Shark
PARK SLOPE $1,350,000
53 Lincoln Place
117-year-old, 3-bedroom, 2-bath wood colonial; windowed kitchen, living-room fireplace, hardwood floors, in need of extensive renovation, 25-by-113-ft. lot; taxes $2,900; listed at $1.3 million (multiple bids). Broker: Aguayo & Huebener.
Residential Sales [NY Times] GMAP P*Shark
Photo by Kate Leonova for Property Shark
Brenda 11:54 AM
I love it.
Oh, click on “17 – New York City” for that CNN link.
“Somebody fill me in on this housing slump we are experiencing because I ain’t seeing it.” – donatella at 11:32 AM
Projected NYC price change 2007: -2%
Projected NYC price change 2008: -3.5%
http://money.cnn.com/popups/2006/fortune/invguide_realestate/index.html?cnn=yes
And that’s Fortune’s (Main Stream Media’s) take. I’d be worried if I paid median price within the last couple of years and needed to sell within the next 5 to 10 years.
I think many people would be surprised how little of Park Slope, Boerum Hill and Carroll Gardens in landmarked.
Generally feeling is that most of it is when that isn’t the case.
Essentially in Carroll Gardens it is President and Carroll Street for just one block (between Smith and Hoyt).
Ah, poor little house, just like the heroine of that tragic opera, “Casa Condannata.” All those years, she cowered in neglect next to her elegant brownstone sisters. “I’m just a squat, ugly little frame,” she sighed. “Who’d bid for me?” Then finally a prince came and plunked down a king’s ransom for the little house–even outbidding several other princes who smacked velvet sacks of doubloons upon the table and vied for her favors. The little house blushed with delight. Finally, her time had come! Perhaps she would become a charming cottage, her wooden floors gleaming with sun that poured in through her “windowed” kitchen.
But then, as soon as the wedding guests departed, her suitor, Prince FAR, turned to his bride with a sneer. “Renovation?” he barked with cruel laugh. “The wrecking ball is my gift to you, my pretty…to make way for my true love, the Princess Condo-Leeza!” Out of the shadows strode the evil Baron Fedders-Scarano, his tall and glittering daughter on his arm…and the little house gasped in horror…[curtain down]
I’ve seen this house. It is directly across the street from the Lincoln/Berkeley playground, between 5th and 6th Avenues. I remember looking at it and thinking it cute but out of place. Super noisy block at night, in the summer though.
This is just outside the landmark area, see link here (warning, PDF) http://www.nyc.gov/html/lpc/downloads/pdf/maps/park_slope.pdf
So the main value here is the lot and the unused FAR. But even without this, the sq footage is approx 1,540 ft for a price of 876/ft. This isn’t outrageous for this location and when coupled with the unused FAR this represents a good deal, esp. because 25 ft wide lots in PS are pretty unheard of.
I’ve seen and heard of multiple bidding wars in both Brownstone Brooklyn and Victorian Flatbush. Our RE agent said the market has totally re-energized after the New Year. Low interest rates plus record high stock market means no slumping housing market here. And I don’t even know anything about the Wall St. folks. Also, I think there’s a general lack of inventory right now.
Somebody fill me in on this housing slump we are experiencing because I ain’t seeing it. All empirical evidence is that people are still hungry for houses in Brooklyn – witness a multiple bidding situation for a house that the NY Times says needs extensive renovation.