1094 Park Place Finally Sells
It was a long haul, but the beautiful free-standing house at 1094 Park Place in Crown Heights finally sold earlier this month. After coming to market with Corcoran with a price tag of $1,395,000 in October 2007, the price dropped to $1,199,000 in july 2008; Elliman picked up the listing in September and jacked the…
It was a long haul, but the beautiful free-standing house at 1094 Park Place in Crown Heights finally sold earlier this month. After coming to market with Corcoran with a price tag of $1,395,000 in October 2007, the price dropped to $1,199,000 in july 2008; Elliman picked up the listing in September and jacked the ask back up to $1,345,000. In May, after a torrid negotiation process (detailed last week in this Forum post), the house went into contract in mid-May in an all cash deal for $960,000. The buyers who got edged out at the last minute have put up a gazillion interior photos on Flickr that should not be missed by anyone with a thing for old houses.
House of the Day: 1094 Park Place [Brownstoner] GMAP P*Shark
According to Property Shark, this is a forclosure, no?
Also, where’s the link to the postings by the buyer who claims he got shafted on this deal? I never saw them… How does everyone know that he/she moved to CT?
The interior detail in this house is stunning, and it would be a crime to see it destroyed… but my gut tells me this is going to go tear-down – condo or McMansion.
Although I do remember a yellow frame house in non-landmarked PLG being saved from the wrecking ball as a one-off… Anyone involved in that care to advise on this? Another PLG house (the one on the park)was taken down after much protest (but I don’t believe that was anywhere near as architecturally significant as this house.
But remember, you can only landmark the EXTERIOR of this house, and most of it’s value is on the interior. Yes, the exterior is very nice, but I wouldn’t say it’s phenomenal (like some other freestanding homes in PPS, BH, PS, FG, etc….). It’s more interesting than beautiful.
For what it is worth
BrooklynGreene amuses me
Haiku to you too
Painful process, yes
But S and B saved their skins
Country Life awaits
“No, this house, like every other commodity, is worth what somebody else is willing to pay for it.”
Yep. Good intentions and meaningful sentiment are great, but they won’t go far when it comes time to pay the bill.
Posted by: East New York at June 15, 2009 5:07 PM
ENY…that’s actually the reason this problem has occured…people used the house as an ATM to pay the bills. never before in the history of real estate did all this refi shit ever rear its ugly head. That said, I used it to buy investment properties, a garage and a few cars. Lucky i paid it all off in 2007.
If you think everything is only about money, then yes. You have a pricetag. But this house is priceless in other ways.
What, if someone posted that ape face about you you’d be all over it as racist, blah, blah, blah
“No, this house, like every other commodity, is worth what somebody else is willing to pay for it.”
Yep. Good intentions and meaningful sentiment are great, but they won’t go far when it comes time to pay the bill.