Stepping Out On FG Park (For Almost $4 Mil!)
Wow. What can you say? A perfectly restored 4-story brownstone on what the ad claims to be the best block in Fort Greene. No one’s going to argue (we don’t think) with what a beauty this house. (Some of you have probably seen it first hand as it was on the house tour this year.)…
Wow. What can you say? A perfectly restored 4-story brownstone on what the ad claims to be the best block in Fort Greene. No one’s going to argue (we don’t think) with what a beauty this house. (Some of you have probably seen it first hand as it was on the house tour this year.) The price of $3.995 million, though, is staggering. Embedded in that price is the bold assertion that Fort Greene is now as desirable as, if not more than, Park Slope or Cobble Hill and that it is safely ahead of Boerum Hill. Granted, the parkside location ads something to the value, but we’re not sure South Portland isn’t a preferable address. 10 South Portland, which we discussed here, is an interesting comparable: It just went into contract this week for $2.65 million (interestingly enough, after being reduced from $3.495 million to $2.495, which in turn sparked a 4-way bidding war. Told ya so!) This Washington Park listing is clearly worth a good deal more than the South Portland one, but the asking price is clearly a Hail Mary. It remains to be seen whether anyone will catch it in the end-zone or whether the seller will have to start over and work the ball down the field the old-fashioned way. (Did that football analogy hold water? Bit of a stretch…)
Update: The address is 181 Washington Park just in from Willoughby.
“On The Park” [Brooklyn Properties] GMAP P*Shark
And God forbid people from the projects should walk the hallowed upscale streets on their way to the subway and supermarket. Maybe the city should cut them a segregated path through the park, or maybe an underground tunnel, so you won’t have to look at them, shady or not, or maybe just too much shade.
Veggieburger, I’m just wondering how you can think it’s perfectly acceptable to post something like that. I certainly can’t stop you from thinking it, but I would hope you could stop yourself from saying it out loud.
Oh My God! Shady people (who MUST be from the projects) walking down the street. Bring the wimmen folk in, and protect the children.! Veggieburger, please! There are shady people EVERYWHERE, in every neighborhood, every income level, race, creed and color. Give the kids some life lessons on good and bad people, teach them some street smarts, escort them until you trust them and they are old enough to be out alone, and then worry about them until they come home, but not raising them on Wash. Ave? Come on.
Ya know, there’s that big park in Manhattan, with all those unsavory people in in, soliciting SEX, for crying out loud, where people have been mugged and even killed, and more than a few drug deals go down. I’m sure that proximity to that park and its share of shady characters has really brought the prices of real estate down on all sides of the park, and no self respecting parent would raise their kids anywhere near it. NOT.
Miguel,
Have you ever been to Washington Park? Really, there are MANY more shady people walking by on that block than on almost any other in Fort Greene (due to the housing projects one block away). This is going to be a HUGE turnoff for any potential buyer, especially one that intends to raise children in the house.
parkblocker,
Can you tell me who they used for general contractor?
parkblocker,
As much as I can sympathize with the amount of money it takes, r.e. is by and large, location, location, location, and only then… condition.
veggieburger,
LOL, are you for real? Not too many places in brownstone Bklyn where you don’t have some shady characters walking by. Kids get raised in Bklyn Hts and Park Slope perfectly fine even though there are some “shady” people on the streets.
The biggest problem with this block IMO is that there are so many residents of the housing projects on Myrtle walking back and forth on it at all times. The house is located on the closest route for them to the subway on shopping. It is like a pedestrian highway.
While this may sound elitist, there is no way that I would raise children on that block. Just too many shady people walking by all the time.
Based on what the owner has told me and what her contractors have told me, $4M, while a record-breaker for Fort Greene, sounds about right. The amount of work, time and money that went into getting this house to where it is… I mean, the plaster detail on the walls and ceilings were handcrafted, for crying out loud! I mean, talk about a labor of love… I just hope that the owner finds someone who will appreciate it as much as the owner does.
Based on what the owner has told me and what her contractors have told me, $4M, while a record-breaker for Fort Greene, sounds about right. The plaster detail on the walls and ceilings were handcrafted, for crying out loud! I mean, talk about a labor of love… I just hope that the owner finds someone who will appreciate it as much as the owner does.
I think it’s worth at least $3mm. I think it’s totally fab, absolutely amazing.
I don’t know FG all that well, but I know what my PS bstone cost to acquire and to renovate to high standards, and I have a pretty good idea how much time, effort, money, and sweat this home must have taken to create this work of art. I’ve already spent a small fortune on my home and it would still take me a few more years aof refinement and a couple hundred grand more to realize anything quite this extraordinary. At this point in life, I’ve decided it just ain’t worth it to keep pouring more and money into my bstone (I would like to retire somewhere in the next 20 years). Still, if it were already all done for me, not another project to worry about (except that backyard could use a makeover), then I could see going for it.
Were I in the market, and relatively indifferent between PS and FG (key unknow), I would be willing to pay $3mm.
BTW, for those of you who question the window A/C, it is a real toss-up. It’s a decision best made at the beginning of the reno, otherwise you have to destroy the place to retrofit it. If these folks have been renovating over a period of years, they may not have had the money to do it in the beginning and lost the oppty later on.
I’d still pay the $3mm even w/o central A/C.