237-carlton-0810.jpg
The grand townhome at 237 Carlton Avenue sold for $1,950,000 in a transaction that popped up in city records yesterday. The 5,000-square-foot, 40-foot-wide property was a House of the Day in August, when it was listed for $2,500,000. (It’s also a longtime Brownstoner fave.) More recently, it was included in the purchase of the Carlton Mews parcels; 231 Carlton Avenue LLC, the presumptive new developer of Carlton Mews, paid $5,756,240 in total for the will-it-ever-happen development site. Anyhow, thoughts on whether $2 million is a good deal for this spread?
Carlton Mews Sells Again [Brownstoner]
House of the Day: 237 Carlton Avenue [Brownstoner] GMAP P*Shark


What's Your Take? Leave a Comment

  1. Boerum – it has been awhile since I took a close look at the numbers on this site but my hazy recolection is that the proposed new construction relied on using some of the unused FAR from the house. I think the house, church and vacant parcel were once considered one tax lot. You are right that height is limited to 50 feet but there is enough depth to work with so the unused FAR could be incorporated.

  2. It’s a beaut! I saw it on a house tour a couple years back. While it does need some finishing/up-grading, the width, details, light, and — most of all — the incredible atmosphere of the building make this a special house indeed. In the long term, the new development next door should help it’s value.

  3. It’s really a pity my Lottery tickets didn’t plan out — I’d have kept this and the empty lot next door as lovely estate, and developed the church property lot behind into condos under my control to minimize the hassle from the construction (basically all indoors).

    Donald– Can transferred FAR on the house really help that much in developing on a landmarked block? I guess you might be able to develop deeper 50 or 60′ buildings but I think the height limits would really control how much buildable space there is.

  4. sometimes living next to a professionally-run project is preferable to some nutty neighbor who wants excavate the cellar or build an addition without permits and at all hours.

  5. Minard, it’s varying degrees of construction. you’ve got the big AY construction zone, this big lot, and their you sliver size lot – different size trucks and frequency of their appears at the site

  6. if one is loaded, yeah the construction downside is potentially deal breaker. but if someone is looking to get in on a juicy price (ie as I was trying to get someone to go in 50:50), downside worth it cause it would be impossible otherwise to get into something this nice