House of the Day: 1265 President Street
It was just a month ago that we were remarking on the fact that two adjacent houses at 1269 and 1271 President Street in Crown Heights were on the market at the same time (for $1,400,000 and $1,500,000, respectively). So imagine our surprise to find that Number 1265 is now also on the market at…
It was just a month ago that we were remarking on the fact that two adjacent houses at 1269 and 1271 President Street in Crown Heights were on the market at the same time (for $1,400,000 and $1,500,000, respectively). So imagine our surprise to find that Number 1265 is now also on the market at $1,450,000. There are no interior pics but the Craigslist ad boasts that there is “exquisite detail throughout.” Add in the fact that this is a 125-foot-deep lot and part of a lovely row of original houses and you’ve got something pretty interesting. Does anyone know how these prices are flying though? Seems a bit aggressive to us despite how lovely they look from the outside.
1265 President Street [Craigslist] GMAP P*Shark
Houses of the Day: 1269 and 1271 President Street [Craigslist]
FYI. The Ebbets Field apartments are not projects.
z, the problem with over inflated housing prices in any nabe, but especially in “up and coming” neighborhoods is that they create a false standard that the neighborhood itself can’t sustain, and that encourages others in the area to also try for that goal, thereby artificially raising the bar for no reason at all. Crown Heights has a median income of under $40K. With that statistic comes all of the problems – poor schools, few jobs, lots of under and unemployed people, few amenities and a hightened crime rate. God knows I will defend Crown Heights to the end, but I am well aware of where we are in terms of the lives of a great majority of my neighbors. Things are changing here, very slowly we are getting amenities, services and people with money are moving back as they discover what a great place this is. We want to proceed slowly, and keep CH a stable, growing place. We’d like to have homes that are still affordable, with rational prices. Of what good is it to have someone buy a nice, but rather ordinary house for close to 1.5M, when three blocks away, a similar house is more reasonably priced at $750K? How is that a good investment? Of course, the market will adjust itself, if no one bites, but why set the bar so high? If it’s not greed, then what is it?
z, the problem with over inflated housing prices in any nabe, but especially in “up and coming” neighborhoods is that they create a false standard that the neighborhood itself can’t sustain, and that encourages others in the area to also try for that goal, thereby artificially raising the bar for no reason at all. Crown Heights has a median income of under $40K. With that statistic comes all of the problems – poor schools, few jobs, lots of under and unemployed people, few amenities and a hightened crime rate. God knows I will defend Crown Heights to the end, but I am well aware of where we are in terms of the lives of a great majority of my neighbors. Things are changing here, very slowly we are getting amenities, services and people with money are moving back as they discover what a great place this is. We want to proceed slowly, and keep CH a stable, growing place. We’d like to have homes that are still affordable, with rational prices. Of what good is it to have someone buy a nice, but rather ordinary house for close to 1.5M, when three blocks away, a similar house is more reasonably priced at $750K? How is that a good investment? Of course, the market will adjust itself, if no one bites, but why set the bar so high? If it’s not greed, then what is it?
Move these homes to the Slope, Boerum Hill, Cobble, Carroll or Ft. Greene and they go for twice asking.
Crown Heights South ain’t so bad… I’d grab one if I had that kind of cash. Until you’ve walked that block I wouldn’t judge, it’s beautiful.
sorry brownstoner there are only 2 houses for sale.
I think thecrownheightser.blogspot.com has it all right. Crown Heights is an awesome neighborhood and it really is up and coming
They are probably in walking distance to a temple up on Eastern Pkwy, but they are also in walking distance to the Ebbets Field Projects.
President, precedent. Uma, Oprah
anonymity is not as safe as we all assume it is. let’s all come out of the closet. bring back typekey.