126-8thst.jpg
You don’t see a lot of these old wood-frames in Gowanus hit the market. Befitting the neighborhood, this 25-footer at 126 8th Street is a bit eccentric but overall we’re liking it. The owners have definitely put their own stamp on the place but have managed to retain lots of old-school charm. Plus, for the drivers out there, there’s a curb cut and front-yard parking. Frankly, there’s so little turnover in the immediate area that we’ve got no idea how the asking price of $1,275,000 stacks up. Thoughts?
126 8th Street [Warren Lewis] GMAP P*Shark


What's Your Take? Leave a Comment

  1. Here’s a theory about this market…

    There appears to be a lack of inventory in prime parts of park slope (see 7:43 above). My suspicion is that this isn’t because things come on the market and sell really quickly. Rather, I think that owners of prime brownstones who don’t _need_ to sell (not moving, not bankrupt, etc) are no longer trying to cash out. They like their homes, the market has dropped slightly, why sell?

    Buyers are still interested in the area, however, and realtors are taking advantage of the lack of inventory by pricing places like this at crazy amounts. I think this will backfire, though, as places like this will just sit on the market and need multiple cuts to move. This will add to the perception that the market is dropping, even though the house was priced far above a reasonable level from the outset.

    Just a theory…