House of the Day: 147 Kane Street
This new listing at 147 Kane Street in Cobble Hill just hit the market with an asking price of $1,800,000. Great location and decent bones (though the listing could use some more pics) but the house, which is described as being in “estate condition,” will definitely need some love. The question is whether this asking…
This new listing at 147 Kane Street in Cobble Hill just hit the market with an asking price of $1,800,000. Great location and decent bones (though the listing could use some more pics) but the house, which is described as being in “estate condition,” will definitely need some love. The question is whether this asking price is reasonable given the dough that the new buyer will have to sink into it.
147 Kane Street [Douglas Elliman] GMAP P*Shark
147 Kane Street is a classic and handsome mid-1840’s Greek Revival house of the first order built when the Street was still named Butler Street. It was part of the first wave of building on this street, west of Court Street. The pocket doors are gone, but much remains from the period-inside and out. This is a phenomenal restoration opportunity.
If it’s half a block from the BQE, that’s a problem. I lived between Henry and Hicks. Very nasty, would never buy into it.
“I rather it be this than some financier who wants to dig out the cellar foundations to put in a lap pool. ” 2:48 PM
That is funny, Minard. And I’ve learned from you to beware of people who want to dig out the cellar next door (such as the common walls cracking apart). I hope the aforementioned rats and squirrels haven’t dug out too much of the next-door cellar – haha.
True: Rat squirrel house is really a mess and no one seems to know if the situation will be settled anytime soon.
True: You can hear the BQE noise.
True: It may need major work, as mentioned.
False: The walk to the subway is no big deal. I can’t believe how many people make this a big issue. It probably takes about 10 minutes TOPS to walk to the Bergen F.
And it is a rather nice block, actually. LOVE the Little Luna antiques store across the street.
Plus, you’ve got the elementary school about 60 second away.
First off, Boerum Hill, bring children to bars! There is no downside, they are not liable to cadge cigarettes or drinks, and they provide lively entertainment.
Or maybe I kid self.
Secondly, wouldn’t this house be the same price, pretty much in any fancy gentrified area? (More in the Heights proper.) It’s not about condition, it’s location, and in this case, isn’t it merited? Not a huge fan of CG — I hate the F-train, and FG and CH have much better architecture — but the area is considered to be one of the best, right?
I wasn’t being sarcastic.
I love the look of this place. Does anyone know where I can get a stair runner like that? It doesn’t look like the machine made ones they sell at the neighborhood carpet stores. Doesn’t look like real oriental either, right, because its twin is lying on the ground in the hall next to it.
What the real estate agent probably means is that the house is pristine and has never been altered. People freak out when they see old kitchens and baths. Alternatively, could be the kitchen was updated in the 1960s. So what. Yeah, yeah, yeah, the plumbing and electric are sure to be old and there’s no central air. Scandal! Bring your architect and your vision and turn it into a white box.
Joeingowanus,
Sarcasm aside, Carrol Gardens is not so different now than it was 7 years ago, but is remarkably different than it was 15 years ago. I think that’s the kind of time frame you need to have if you buy real estate.
My comment was directed at posters on this blog who take the position that the sky is falling if a house is offered at $1.5 mm. That said, this house is not worth $1.5 mm. Haven’t seen it, but likely the house requires a significant renovation. As a personal bias, I never have liked the block between Henry and Hicks. I lived on Clinton St. for 10 years and could often hear the BQE from my apartment. That’s 1 1/2 blocks further away.
Yes, but Boerum Hill…
People get paid so much more money now than 7 years ago. AND New York is just so much different now than 7 years ago. Really, I’m surprised this place isn’t 4.78 million dollars to account for how much more people get paid and how much better nyc is than 7 years ago.