HOTD: Another Washington Avenue Classic
People couldn’t seem to agree whether yesterday’s House of the Day at 241 Washington Avenue was a decent deal at $1,789,000. Since real estate is relative, we thought it would be useful to look at a similar house just down the block at 298 Washington that Corcoran has on the market for $1,695,000. The listing…
People couldn’t seem to agree whether yesterday’s House of the Day at 241 Washington Avenue was a decent deal at $1,789,000. Since real estate is relative, we thought it would be useful to look at a similar house just down the block at 298 Washington that Corcoran has on the market for $1,695,000. The listing is a little thin on the photos and description so it’s hard to make too detailed a comparison, but our guess is that these places are pretty similar. The interesting thing to note about this place is that it has had very few owners over the last century and change. (We heard only three families have lived there.) This is generally a big positive when it comes to the preservation of details and not such a great thing when it comes to modern upgrades. From the few pictures on the site, we’d say the historical character of the house looks intact. What we really need is to hear from someone who’s been inside both places recently. NB: Some new photos have been added to the listing and above.
298 Washington Avenue [Corcoran] GMAP P*Shark
i agree, ppl with money dont waste time on sites like this, they go out and make things happen
I am pretty sure anyone responding on this blog is making less than 90k per year (like myself) or else you wouldn;t have time to review this garbage
And Anon 11:19, I’m anon at 9:56 and didn’t realize we had to post our personal lives but here goes – I am an attorney at a smaller firm, but pretty well paid for the firm size, and my husband is at a big firm (my father is also at a big firm). My bank account tells me everyday what private sector attorneys make, and it’s in line with the NY Times article. Which means that I know for a fact that attorney’s salaries on the lower levels are nowhere near enough money to afford a place like this. I should also mention that I am familiar with younger doctor’s salaries, as we have those in the family as well.
Thank you other anonymous for posting the public sector info.
Anon 11:19. The NYT article was a point of reference. As a municipal attorney, I have first-hand knowledge of civil service salaries (yes, you can actually find the salary of every single municipal employee in a repository online— it’s rather disconcerting). As for the private sector…I’ve interviewed with “big aw” and have friends who work there. As exorbitant as it may seem, the salaries are correct. I wasn’t complaining, by the way…I only mentioned it to put things in perspective for the people who see one random article and assume that all attorneys/doctors/engineers or others are making big bucks.
You people are laughable. You rely on a newspaper for compensation data? You’ve got to be kidding, right?
Anon 9:56 got it right. About a week ago, the NYTimes posted a story about starting salaries for NYC attorneys at big law firms going up to $145k/yr…but that’s a small percentage of the legal community. By comparison, starting salary for a non-profit attorney in NYC is usually $30-40K; for City attorneys it’s $44-$45k. Medical residents are in the same boat….and there’s still the issue of student loans to consider. Even at these low income levels, I still exceed HPD’s maximum income requirements for some of their “affordable housing” lotteries. I know there are other folks out there in other professions who are feeling the squeeze as well. At least we can read this board and dream.
To the poster who said 90k is wrong: you are wrong. Dept of Labor, Bureau of Labor Statistics: 91,000 per year for Manhattan.
250K a year is nowhere near enough scratch to buy one of these. You’re talking about most Wall St. people, maybe some older docs (at least 40 yrs. old – med school loans are beastly) or lawyers in their 40s (and probably only if they are partners at big firms and owned property before – lawyers don’t do as well as you think).
Or let’s just say what we all really think a lot of it is – family money from mom and dad.
Is having one of these 3600sq ft homes as single family any different then the Hummer/McMansion un-green mentality that is so often condemned on this site.
Or is it allowable/given a free-pass to occupy so much because one has such good taste ?