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What’s the highest price for a brownstone in Carroll Gardens to date? The reason we ask is that today’s House of the Day may be a contender. The five-story, 25-by-64-foot house at 79 1st Place has held onto its architectural detail much better than a lot of the places in the neighborhood—at least on some of the floors. It’s not all moldings and marble: Since it’s a five-family, there’s been some fall-out from chopping the place up and some of the rental space doesn’t look quite as nice as the parlor floor. But still, you’re looking at 6,400 square feet in an increasingly desireable location. Is the asking price of $3,950,000 realistic? $700 a foot for a place that’s going to cost more to convert back to a two- or three-family (no single family needs this much space!) seems a little high to us.
79 1st Place [Douglas Elliman] GMAP P*Shark


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  1. Clinton HIll/Fort Greene has great architecture. The area is also one of the very few, very few, racially integrated neighborhoods in the entire country. Carroll Gardens is pure white, as are many of the neighborhoods west of Flatbush avenue. Black affluent folks are moving in to Park Slope and Brooklyn Heights and in time these areas may show more than a little diversity. But FG/CH is the very essence of diversity. It seems to be good for real estate prices. It is an important story.

  2. This thread is not about Clinton Hill and Forte Green. Brownstoner gives you plenty of attention since it is his home turf. You must really feel threatented by Carroll Gardens real estate if you feel the need to comment about how much better CH/FG.

  3. To “Amazed”,
    Bush does not set monetary policy, that is the Fed (Bernanke). Also, the Fed Funds rate has not been loose for years.

    Bush has screwed up in so many places, why not focus on something he can actually control (i.e. wars of aggression, runaway government spending, crimped civil rights) rather than blame him for the decisions of others?

  4. This is an unusual house in that it really does seem too big for one family (unless someone is looking for a showcase mansion). And the buyers for this kind of thing seem to be either rich families looking for their own house, or developers looking to make condos. So it is more likely to be condos. And by the time you spend money renovating, you have to sell each floor for well over one million. Which apparently is the going rate now, but no matter how you divide up these spaces, due to lack of windows, you only get 2 bedrooms (albeit large ones) from each floor. And it’s alot to pay that much for only 2 bedrooms.

    You could duplex 2 floors and make a large 3 plus bedroom home, but will buyers really pay 2.5 million for a condo when they can buy an entire brownstone (although only a 20-footer) for the same price?

    Also, did anyone else notice that the floor through apartment bedrooms have one very large room, and one very small one (only 7 1/2 feet wide). One of the advantages to having the 25 footers is you can get 2 nice size bedrooms from it, but not in this one, so the buyer will probably end up having to move all those walls.

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