House of the Day: 43 4th Place
When we first saw the price tag of $1,495,000 for 43 4th Place, it struck us as a pretty good price for a house in Carroll Gardens. After digging a little deeper, though, we’re not so sure. First off, it’s only three stories tall. Second, its subdivision at some point in the past into three…
When we first saw the price tag of $1,495,000 for 43 4th Place, it struck us as a pretty good price for a house in Carroll Gardens. After digging a little deeper, though, we’re not so sure. First off, it’s only three stories tall. Second, its subdivision at some point in the past into three units definitely compromised some of its original charm. (After all, owners rarely spend as much on apartments they plan on renting.) The front yard’s very nice and with some dough the house could end up working very nicely as a one-family, we’re just not sure it’s priced accordingly. Then again, maybe it makes more sense as-is for an investor.
43 4th Place [Corcoran] GMAP P*Shark
Based on my very recent experience, this will go close to ask, prolly over. Has potential. Nice block, nice garden, great nabe. Yeah, BQE proximity isn’t great, but this location vis-a-vis the BQE isn’t terrible either. Zero inventory.
(And NO WAY it went for $333k in 2009. None. Nada. Zero. Zip.)
This part of Carroll Gardens is lacking in charm.
Ditto this home.
I have not been inside it, as one look at the location and facade was enough to make me gasp.
The good side is, this street gets very little vehicle traffic. The bad side is this home is very near the three-way intersection of the BQE, the Gowanus Expressway and the Brooklyn Battery Tunnel. The map doesn’t convey how very close it is, but if you walk there, you’ll see and hear (faintly) and smell (faintly) for yourself.
If this goes for ask I will eat my computer.
Nice block and 73 4th place just sold for $1.3 million and it is a complete gut job that needs some structural work.
I would say this goes very close to asking.
According to Street Easy it sold for 333,000 in 2009? I don’t think that’s right though.
grossly over-priced like everything else in our bubblicious boro.
“maybe it makes more sense as-is for an investor”
1,495,000/(10 x 12, GRM before bubble)/ 3 units = $4,153/mo per floor?! Not happening. Whack off 37.5% or more and things start making sense.
***Bid half off peak comps***
By daveinbedstuy on August 16, 2010 1:39 PM
When are we going to get the widget back???? Have the realtors posting in “Listings” told you to taje it down???
…
A one-syllable answer would be a good starting point.
When are we going to get the widget back???? Have the realtors posting in “Listings” told you to taje it down???