House of the Day: 460 2nd Street
This two-family brownstone at 460 2nd Street is a looker, with lots of original woodwork prominently on display. The configuration—owner’s triplex over garden rental—is also likely to appeal to the broadest swath of potential buyers. At 18 feet wide, however, the house is a tad on the narrow side, at least for one asking $2,380,000….
This two-family brownstone at 460 2nd Street is a looker, with lots of original woodwork prominently on display. The configuration—owner’s triplex over garden rental—is also likely to appeal to the broadest swath of potential buyers. At 18 feet wide, however, the house is a tad on the narrow side, at least for one asking $2,380,000. It’ll be interesting to see where this ends up selling.
460 2nd Street [Brown Harris Stevens] GMAP P*Shark
Mr Joist,
While I admire your positive attitude towards living across from a school, and several of your points are right, there are some flaws. In the case of 321, the larger schoolyard that this property faces stays open until sunset I believe, and I don’t recall if the schoolyard is left open for recreation on weekends. The other schoolyard, the playground, is open all the time, and hosts the Flea Market on weekends. My next point is that while students are in school there is probably no drug issues, the 321 schoolyard is a favorite place for Slope teenagers to congregate at night and smoke and drink.
As for the property itself, its a nice triplex, the parlor floor looks nice, as always, more pictures are appreciated. But from the listing, its nothing special, as far as we can tell, its the fact that you’re steps from 7th Avenue and in the 321 district. Granted, I’m of the opinion that 5th Avenue is the now better commercial strip, for families 7th probably still has the edge.
The rental unit is generous everywhere but the bathroom and that joke of a second bedroom. Most garden units that I’ve seen are one bedrooms, so I wouldn’t be surprised if the new owner replaced the second bedroom with a more roomy bathroom (there’s a half bath one floor up, so it should have the necessary plumbing).
Price already reduced by $100K today–now asking $2,280,000.
I realize people don’t buy houses for the rental units, but the one here seems deeply flawed. Look at the bathroom squeezed into the side of the bedroom. It looks barely usable. You have to climb into the end of the tub. Just appalling.
Miss Muffett,
if this house were offered for $279,000 you’d have a problem with it
Don’t know Miss Muffett. But you’re right that 458 2nd Street traded for $1,065,000 in 2003. Apparently, the owners added a new kitchen and painted the woodwork white (!) I doubt much more was done to it. They didn’t even bother to add a bathroom on the second floor–it’s an empty room with an old sink. When I visited the house, there was a handmade sign that read “Design your perfect bathroom.” The garden apartment has not been touched in many, many years. Definitely a perfect example of bubble mentality. Now it’s going to be hard for sellers, and even buyers, to readjust. People need to accept that $2 million is a shitload of money. Pardon my French. So long as comps keep supporting these prices, there’s nothing you can do… except save and wait.
Anyone know when and for how much this house last traded? I gotta say, I was pretty floored to find out the house next door sold for just over a million a few years ago (and it was not in such different condition than it is now). Shows the nuttiness of the skyrocketing prices of last few years and why prices are vulnerable to fall steeply now…
well, will all the complaints about the lack of pictures, folks sure are curious and will just have to go have a look 🙂
Well, the kitchen IS one of the three pictures.
Strangely terrible listing. 3 photos and no mention of PS 321, which is its biggest selling point. I think it’ll get over 2 million just for 321, unless the kitchen and baths are terrible, as the lack of photos clearly indicates.