House of the Day: 186 Washington Avenue
What happened to the crown moldings? That’s the first question that pops into our head when we peruse the photos on the listing for 186 Washington Avenue in Clinton Hill. After hitting the market last spring with Aguayo & Huebener for $1,739,000, the property sat on the market through the end of the summer. Last…
What happened to the crown moldings? That’s the first question that pops into our head when we peruse the photos on the listing for 186 Washington Avenue in Clinton Hill. After hitting the market last spring with Aguayo & Huebener for $1,739,000, the property sat on the market through the end of the summer. Last week, Corcoran got the nod and re-introduced the 16-foot-wide brownstone at $1,670,000. The house, which was bought for $1,160,000 in 2005, looks like it’s undergone a pretty nice restoration, lack of crown moldings notwithstanding. (Some of the new flooring doesn’t fit too well with the historic vibe of the house either, but we digress.) Think the combo of price cut and Corcoran marketing power will be enough to get this deal done?
186 Washington Avenue [Corcoran] GMAP P*Shark
Open House Picks 5/2/2008 [Brownstoner]
DaveinBed,
I’m curious why Minskoid needs yet a new photo, is he ‘transitioning’ or had a facelift or somesuch?
Ik-now,
Sorry to say, but as you acknowledge you cannot compare a rowhouse (most are not brownstone–most are brick)in Albany (which has had zilch appreciation over these past years). Listen, Arbor Hill is a mess and once gorgeous houses are empty. Sad. What a mess. I won’t get into the why on this thread. Seems like there once was a big blast of renovations and appreciation in the 70’s on all the streets going down the slope from Lark Street and toward the “South Mall”…but prices never really took off, did they? What is the vacancy rate in Albany I wonder…anyone out there have that figure?
All in all, I’m “sorry” to have to “admit” it, but I think I’d really be shell-shocked if I moved to a place relying on just the G train. Have been in FG within minutes of all the trains for so long I shudder to think of the extra hassle involved if you move to a place a good 20-minute walk or a bus ride to Atlantic-Pacific…so for this price, it’s a no-go. Cocorum/Minskoid need to get a grip.
Iknow…I left Albany in 1978 to head out to Chicago for grad school. All those brick shells around the governor’s mansion and down to the river were selling for $5,000 +/- back then!!!
You can get a large brownstone or row house for $350,000 in Albany. I have a place right on the Hudson river for $170,000. Location, location, location. The truth is that people in NYC spend way too much money relative to their income on housing. As someone who used to live in New York (UES) and watching the whole situation over the years, I have to put a large part of the blame on the buyers who often went on bidding wars that fueled the problem. Sure some made lots of money but others are stuck with big overhead for just a place to live.
Umm, is that really 16 feet wide?? Looks more like 14 to me.
Come on sam…there isn’t even anything available in Center City Philadelphia for $350-395,000
This is an attractive little house for a couple with a modest income. Or perhaps for a one-parent family. In a rational world it would be worth $350,000 – 395,000. But this is Brooklyn, home of the INSANE real estate markups. Astonishing to think that you would have to be rich to aford to squeeze yourself and your family into this petite 16-footer.
Plus there is poor public transportation in the area yet no place to park your car. Fabulous! Who could want fewer amenities for more?
Width is not an issue with everyone. In fact I know of a 14 footer that sold for $2.25m in Carroll Gardens a month ago. This place was renovated and did not feel like a ‘bowling alley.’.
Agree with many of the previous posts. Terrible transportation options,the BQE hovering above, and myrtle ave isnt so attractive either to a person with this kind of loot. That being said, for those out there who want to own a brownstone but cannot afford to spend 2-3 mill in FG, PH, or south slope, I could see someone dropping 1.4 on this place. I mean, what are the other alternatives in this price range?
Yesterday we were having an argument about access to transportation in Clinton Hill (related to the house on St James I believe it was). I was taking the position that transportation is very accessible in Clinton Hill, but this location really is hard for subway access. You are limited to the G and its a good 10 minute walk away. Hard to see this asking price holding up. I would say 1.3 would be a more realistic ask. As lucybb says above if you are buying with the idea of living in half and renting half you are looking at 5G a month for a two bedroom apt. At 1.3 this formula becomes a bit more doable.