House of the Day: 475 4th Street
This two-family brownstone at 475 4th Street in Park Slope just hit the market for $2,995,000. It’s a gorgeous house in move-in condition with tons of original woodwork (and no recessed lighting!). It also feels like it’s priced as if it were a year ago. Frankly, we’ve got no idea how this will fly. It…
This two-family brownstone at 475 4th Street in Park Slope just hit the market for $2,995,000. It’s a gorgeous house in move-in condition with tons of original woodwork (and no recessed lighting!). It also feels like it’s priced as if it were a year ago. Frankly, we’ve got no idea how this will fly. It certainly is a nice enough place that a potential buyer could fall in love and just have to have it; on the other hand, we wouldn’t be surprised to see it ultimately fetch a couple hundred grand less. What do you think? There was an open house yesterday. Did anyone check it out?
475 4th Street [Brooklyn Bridge Realty] GMAP P*Shark
Where are the pictures of the terlits and the kitheN?
8:10 you were renting cheaply all those years in Manhattan as the market roared and then bought at the top in Brooklyn? You did it the wrong way! When people from Manhattan want more space they go to NJ. Brooklyn is better for single people or young couples. WHy would anybody want to raise kids in Brooklyn? I just dont think its fair
My Manhattan friends don’t want to move to Brooklyn because they are afraid they will gain weight. Most of the posters here are so pragmatic, “I want a woodshop”. what drives Manhattanites is prestige, cachet, and ego.
They will live in a dump in order to have the right address on their stationery.
I wouldn’t be surprised if there are others in the market, who like my wife and myself, were renting cheaply in Manhattan for many years, and after having gathered some nuts, discovered we still couldn’t buy a place in Manhattan that has a garden, a woodworking shop, a rental unit, an elegant living room with high ceilings, a spacious kitchen. etc., and still conveniently connected to the Holy Places by a breif subway ride.
yes–it is always the same person posting about the UWSiders running to Brooklyn. It’s the same exact style and language, same old details, and the same kind of rebuttal when he/she is called out. It’s getting old…
the same guy keeps posting about how all the people from the UWS will save Brooklyn’s inevitable price fall. It is only a harbinger of how bad things are going to get. We can all be sure that this guy is in over his head in debt and ready to fall off a cliff.
10:45…I think a lot of Manhattanites look in Park Slope more often because they’ve become accustomed to having a certain selection of services nearby…gyms, banks, shops, restaurants, bars, dry cleaners, organic markets, real estate offices, income tax preparers, etc.
No matter what you think of Park Slope, it has these things in the greatest quantity and selection of any other Brownstone Brooklyn neighborhood, and that makes many of these people feel more comfortable, connected and secure. It’s really nice to be able to walk to anything you could ever need within 15 minutes of your house. Very few people can deny that.
That is, afterall what makes Manhattan so great in a way, and the reason why a lot of people like living there over suburban and rural areas.
So city people who just need more space or are craving a little bit more fresh air and trees do seem to like Park Slope. It’s still urban in a quieter kind of way. Prospect Park also has a familiarity about it, similar in a way that for many people from the Upper West Side, Central Park is a very big part of your life when you live in that neighborhood as well.
Then you’ve got these drippingly beautiful, handsome, gorgeous old money pits with thick moldings.
And I don’t live in Park Slope for the record (but in a neighboring hood) but I have many friends who have moved there from Manhattan, a few from Europe and a few from other areas of Brooklyn. Honestly, I know there seems to be a lot of animosity towards it to a certain extent, but the people I know all seem to really love living there.
Can’t say a part of me wouldn’t want to, if I could swing it.
8:28 is probably a broker or owner seeking to preserve their property value – to say the townhouse market is “frantic” and that we are “at bottom” is ridiculous. Anyone who is out there can see that prices are no way near bottom – they are still well close to the top, and while it’s true that a few prime, well-priced properties are selling briskly, many others are lingering and experiencing price cuts. By the way, I’m not a bitter renter – I own but am looking to trade up so I know the market very well, and have a balanced perspective. Prices are stagnating at best now, but they are certainly not down significantly (yet), nor are they rising. But buyers are getting pickier, and cash gives a lot of leverage in this market.
10:24,
And how sad and ridiculous is that? Really.
Both “friends” should probably be residing in half-way houses if that were truly the case.