House of the Day: 7 St. Marks Avenue
How sweet is this! The old rectory building at 7 St. Marks Avenue in Park Slope is now on the market with an asking price of $2,375,000. The 23-foot-wide house is dripping with detail and the portions shown in the listing photographs look very well preserved. It’s currently divided into four units, though, which usually…
How sweet is this! The old rectory building at 7 St. Marks Avenue in Park Slope is now on the market with an asking price of $2,375,000. The 23-foot-wide house is dripping with detail and the portions shown in the listing photographs look very well preserved. It’s currently divided into four units, though, which usually means some kind of toll has been taken on the original structure. Still, pretty sweet. What do you think this is worth?
7 St. Marks Avenue [Core] GMAP P*Shark
Slopette,
I agree.
It seems that many of the posters regarding this home failed to look beyond the obvious beauty of the home (which is, I agree, stunning) and discuss more practical issues such as layout, AY, the fact that because it’s a 4-family the buyer would need a commercial loan, etc.
Wow, no comment on the floorplans? Those kitchens are TINY. A friend of mine lives in an apartment with the same specs and layout as floor three, and there’s not all that much room. Plus you can’t cook in the hallway kitchen. I think they did a great job with the paint, decoration, and photography, but I’m not sure why this is so much better than everything else we’ve seen. Also, if this is currently being used as a four-family, someone is sleeping in the living room on the first floor.
Your welcome, Pigeon. No, not me. I can’t see the video in my office but I look forward to do so at home. Brownie should make a thread out of it tomorrow but he wouldn’t dare.
I put it in the tax/market value forum too. Bulls want to talk up their property values until the tax man cometh. I find it hysterical.
***Bid half off peak comps***
BHO,
Thanks for the link to the article and video.
The guy being interviewed… that guy isn’t you, is he?
He sure sounded a lot like you.
From yahoo tech ticker…
http://tinyurl.com/y8k6msc
“House Price Recovery Just A Head Fake, Says Alpert, Especially In New York
In the second half of 2009, house prices staged a surprising recovery, leading many to conclude that the housing bust was done.
Keep dreaming, says Dan Alpert of Westwood Capital.
The rise in the second half of 2009 was mainly the result of pent-up demand combined with a tax-break, subsidized mortgage rates, and other incentives. The housing market is still awash in excess inventory, and Alpert says this will eventually drive prices down to 8%-10% below the lows of early last year [much worse for NYC – BHO].
The good news?
House prices should bottom this year and then begin to recover. Also, for the hardest hit areas, such as those in California or the sand states, the bust is probably over. Prices have fallen so far in those areas that Alpert thinks they’re bottoming now.
So where is the sky still falling?
Places where price-to-rent ratios are still well above historical norms [like 10x annual? – BHO], such as New York City.
A staggering amount of excess inventory means the housing crash in NYC is alive and well, Alpert says.”
***Bid half off peak comps***
From yahoo tech ticker…
http://tinyurl.com/y8k6msc
“House Price Recovery Just A Head Fake, Says Alpert, Especially In New York
In the second half of 2009, house prices staged a surprising recovery, leading many to conclude that the housing bust was done.
Keep dreaming, says Dan Alpert of Westwood Capital.
The rise in the second half of 2009 was mainly the result of pent-up demand combined with a tax-break, subsidized mortgage rates, and other incentives. The housing market is still awash in excess inventory, and Alpert says this will eventually drive prices down to 8%-10% below the lows of early last year [much worse for NYC – BHO].
The good news?
House prices should bottom this year and then begin to recover. Also, for the hardest hit areas, such as those in California or the sand states, the bust is probably over. Prices have fallen so far in those areas that Alpert thinks they’re bottoming now.
So where is the sky still falling?
Places where price-to-rent ratios are still well above historical norms [like 10x annual? – BHO], such as New York City.
A staggering amount of excess inventory means the housing crash in NYC is alive and well, Alpert says.”
***Bid half off peak comps***
*rob* is right. They have people who shower for them.
i’ve always been curious, if someone were to turn this into a single family residence, can you get rid of the fire escape?
some of the decorating choices are pretty funny but nice bones and i agree with cgar, i’m kind of digging the chandeliers. they are fun. though does a priest still live there? saw some hanging crosses amongst the cherubs.
PShark has market value under 1.8 but we all know the tax assessment lags comps which are dropping again. And I didn’t participate in the widget so I’m not alone.
***Bid half off peak comps***