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We don’t usually like houses that look too newly renovated, but this listing at 476 Degraw Street strikes us as being quite attractively done. While the three-story, two-family brick house is certainly very cute, it’s not very big (though the listing touts lots of excess FAR that a new owner could play with). It’s also in a location that some house-hunters might see as suboptimal–a block from the Gowanus Canal and a block from the Gowanus Houses. Think it’s worth $1,595,000?
476 Degraw Street [Corcoran] GMAP P*Shark


What's Your Take? Leave a Comment

  1. I was suggesting a real comp…just the notion that proximity to gowanus houses and canal was not worthy of certain prices when someone just paid close to $2m for something closer to projects. Just trying refute notion that gowanus was a signicant issue or factor.

  2. DS – it’s four blocks south of the BH/CG border.

    Of greater impact is its two blocks east of PS 29 – being zoned for PS 32 isn’t going to be a selling point.

    This area has a history of slow moving houses (or I guess overpriced starting point would be more accurate). 345 Hoyt has gone through numerous price chops over the last 18 months; ditto for 128 2nd Street (705 days on the market and still chopping). The former is much larger than the HotD, the latter is…ahem…let’s just say there is no accounting for taste.

    Anyway, this one is in between them price wise, and I think its a nice little house. I wish them well.

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