House of the Day: 52 Montgomery Place Revisited
If you’re the owner of the gorgeous house at 52 Montgomery Place, it hasn’t felt like Brownstone Brooklyn’s been immune to the weakening national market. This 5,238-square-foot nine-bedroom first hit the market with Corcoran last April (when it was a HOTD) for $3,675,000. After four months without a deal, the owner jumped ship to Douglas…
If you’re the owner of the gorgeous house at 52 Montgomery Place, it hasn’t felt like Brownstone Brooklyn’s been immune to the weakening national market. This 5,238-square-foot nine-bedroom first hit the market with Corcoran last April (when it was a HOTD) for $3,675,000. After four months without a deal, the owner jumped ship to Douglas Elliman, clinging to the original asking price. A month ago, however, the asking price was trimmed to $3,300,000. We’d think this would be in the right ballpark (despite the fact that 60 Montgomery Place remains unspoken for at $3.450,000) but still no signed contract. What do you make of that?
52 Montgomery Place [Douglas Elliman] GMAP P*Shark
52 Montgomery Place [Brownstoner]
“this place has the potential to be fantastic.”
Yes, but at the asking price, it should ALREADY be fantastic.
if i had the time and the money i would definately do it.
this place has the potential to be fantastic.
To renovate, do the math:
5,238sq. ft. X $350sq. ft. = 1.8m
$350 – $500 sq. ft is the going rate for a high end gut renovation.
Ok…so this won’t be a gut renovation, but you’re still going to want to upgrade plumbing, bathrooms, kitchens, add central AC, etc.
Even if you do a cheap ass renovation @ 200sq. ft. you’re at 1M
High End Prices
Typical high end NYC (8X10) kitchen is about $100K
Bathroom (5X7) about 30K
To renovate this house will be over 1M.
Is it worth it??
I’ll take fleas over tenants any day.
You can bomb fleas.
Hey 9:11. I know you are but what am I?
Still seems to be available. Google the phrase “Stunning Condo Duplex in Stately Mansion” and you will find the listing.
what ever happened to that condo on montgomery that was like over 2 million bucks for a 3 bedroom? listed by sothebys. anyone remember that one?
8:05, “so funny I forgot to laugh” is about as funny as the fact that you said that and you’re NOT in second grade. Or maybe you are. In that case–lame joke, junior.
Those were blue chip Montgomery Place fleas, the most highly coveted of all Park Slope fleas, not some sorry Bushwick bedbugs. You should have felt honored that they deemed you bite-worthy.