273balticstreet.jpgThis listing at 273 Baltic Street is just popped up on Corcoran—unfortunately without any photos. According to the verbiage, it’s “fully renovated,” complete with central air, a Viking range and a custom media center. We’re guessing that this reno leans toward the modern: “The second floor is accessed via a unique hand made hanging metal staircase which is supported entirely by it’s wall which gives it the appearance of floating from one level to the next.” For $1,995,000 for a three-story, 16-foot-wide house, the reno better be pretty darn nice. Without any pictorial evidence to the contrary, the price sounds like a reach to us.
273 Baltic Street [Corcoran] GMAP P*Shark


What's Your Take? Leave a Comment

  1. Oh dear……

    Corcoran seem to have just updated their listing to say “Delivery (sic) vacant in July 2008 or immediate with rental tenant.”

    So tell me just who’s going to pony up $2m which is effectively $10,000 a month in interest payments to get at best $5,000 a month in rent before occupying it in July 2008 or enter into a contract now with a July ’08 closing?

    With the market the way it is and this definitely not being a ‘must have’ property methinks this will languish on the market for very long time.

    And ‘they’ say Corcoran brokers know best. lol

  2. 3 fairly narrow floors plus one below ground (and therefore classified as uninhabitable space – meaning no cooking, sleeping etc. allowed) and being only 16″ wide makes this way overpriced at just $5k under $2m – I own a 22″ x 50″ (built) on a 100″ ft lot (valued at $1.8m in Sep ’06) close by and so would love this to sell at around asking as it would push my values up – but let’s be realistic if this gets much over $1.6m I’ll eat my akubra.

  3. The person who bought that 13 footer must be kicking himself in the head because at 1.9 he could have another 3.5 feet.

    Real Estate is not for everyone.

  4. Too bad neither Ft. Greene nor Clinton Hill are worthy of 2 million dollar townhouses at this stage of gentrification.

    Ft. Greene may be approaching that level, but spending 2 million dollars on ANYTHING in Clinton Hill in 2007 is absurd.

    Perhaps in 2015.

  5. Rather spend my money in Ft Greene or Clinton Hill and get a real Townhouse. Grand ave. you can get a 25 footer with 12 foot ceilings for less than that, and the broker will comp you the stove and throw in a Sub Z.

  6. no you are right. it’s not manhattan.

    but read the paper sometime. many people are starting to prefer brooklyn over manhattan. i certainly do.

    your comparison makes no sense. this home is over 2200 square feet. not sure where you come up with a 1000.

    many prime areas in manhattan are going for near 2000 psf (and up!) so this place would be 4 million.

    half price sounds like a deal for some.

    don’t think so many people would have clicked on the link yesterday making it corcoran’s most viewed if the price seemed so outrageous. like i said, it will be gone fast.

  7. 10:47

    You have to put things into context and perspective AND Brooklyn is not Manhattan.

    And since you did. For 2 million you can certainly buy either a 1 or 2 bedroom condo in Tribeca that has more than 1000 feet of living space. That makes it wider than 13 feet.

    So, for 2 million you can buy a wider brownstone in Park Slope or Prospect Heights.

    The neighbors of the 13 footer are probably saying “I would have never bought that place.”

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