House of the Day: 12 Warren Place
We go from a 12.5-foot-wide house for $1,250,000 in the South Slope yesterday for to an 11.5-foot-wide house for $945,000 in Cobble Hill today. And while the South Slope house has about twice as much square footage, it can’t come close to comparing in terms of charm because the Cobble Hill house happens to be…
We go from a 12.5-foot-wide house for $1,250,000 in the South Slope yesterday for to an 11.5-foot-wide house for $945,000 in Cobble Hill today. And while the South Slope house has about twice as much square footage, it can’t come close to comparing in terms of charm because the Cobble Hill house happens to be located in one of the most charming spots in the entire city, Warren Place. Hopefully someone out there will be able to tell us what the highest price for one of these old Workingmen’s Cottages is. Given the great condition and quality of finish in this place, we won’t be surprised if the seller gets her price.
12 Warren Place [Brooklyn Bridge Realty] GMAP P*Shark
I rented 12 Warren Place back in the nineties. It was totally charming, but truly too small! The second bdrm could only fit a crib– not even a twin bed. And we couldn’t get our queen-size boxspring up the staircase, so we ended up sleeping on the floor for 2 years. All the customized cabinetry ate up alot of floor space– but at least we had storage. I think we could fit a couch in the living room, but not much else. It’s true that several families raised 2 kids in these houses, but, wow, space was tight.
Agree 2:56. It is different to have 1000 feet with some width. An 11 ft wide house probably has rooms of 9 1/2 to 10 feet, which is VERY narrow. Many people would feel very cramped in such a narrow room. Having said that, it is quaint and you can’t say $1mil is the wrong price if more than one person bid close to and then over it.
Anon 1:33 —
Because it’s 11 feet wide! A nice feature of brownstones (some, but by no means all) is their width. This, a mews house, is lovely and charming, but a main characteristic of mews homes is their narrow width.
that’s interesting. everywhere else in prime brownstone brooklyn seems to be selling for 1000 psf. why not this place?
We were at this open house too. I really, really wanted to love this place–we have one kid–but it’s super super tight. low ceilings downstairs–we are tall–you’re paying for someone else’s “eh” renovations (kitchen kinda dinky) yes there’s a W/D but it takes up the closet of the 2nd BR. The courtyard area is much much smaller than it looks in photo. Total sf in house just over 1000! Again, wanted to love it, but…couldn’t quite get there. This is not a million-dollar place with that square footage. The mews is lovely, though.
ok, 5 then.
the point was it is not a problem that largely affects brownstone brooklyn, so the arguement that the sky is falling because of all the defaulting of mortgages among those in these areas is pretty ignorant.
“To Anon 2:25,
How many subprime borrowers bought $1.0 million + Brooklyn townhouses? My guess is the answer is pretty close to 0.
Posted by: Anonymous at July 18, 2007 3:17 PM”
This is an interesting question. Subprime does not mean low income, just a low FICO score and other other measures. Plenty of people who make a lot of money and can afford the monthly payment on a million plus loan have low FICO scores, so I am not so sure the answer is zero.
but what about all the poor oppressed workers amongst the architecture in sunset park? What are you doing to help them?
we were in contract with the house next door right after 9/11 for $490. we backed out at the last minute and then it sold the next week for $550. the houses are very desireable, even though they are tiny. I still think about the house sometimes, but another downside is that you can hear the bqe with the windows open