House of the Day: 3 Monroe Place
This Greek Revival house at 3 Monroe Place in Brooklyn Heights is a beauty but the fact that it’s a three-family house probably narrows the pool of potential buyers, particularly those who want to buy in the Heights. The ground-floor owner’s duplex looks very charming indeed (though someone dropping close to $4 million for a…
This Greek Revival house at 3 Monroe Place in Brooklyn Heights is a beauty but the fact that it’s a three-family house probably narrows the pool of potential buyers, particularly those who want to buy in the Heights. The ground-floor owner’s duplex looks very charming indeed (though someone dropping close to $4 million for a home will probably expect a slightly grander kitchen). As lovely a house and great a location as this is, we just don’t see how they end up getting close to the asking price of $3,800,000, do you?
3 Monroe Place [Corcoran] GMAP P*Shark
Who would want to live next to that house on the corner that fell/is falling down. (It was already partially demolished, but I think there is still a floor or two there. Does anyone have any more recent info since the stop work order against the DOB from tearing the whole thing down?)
Even if you forget the question of whether there is any structural damage to the retaining wall between the two houses, at some point the residents are going to have to deal with a year or two of serious construction next door. Yuck.
And I say this as someone who really loves that block and would be thrilled to own a 25′ wide house there.
This broker is the worst! We used her to find a place to rent a couple years ago and she was the epitome of sleazy, slimy and dumb. I feel bad saying it, but I think that may be why this is such a ridiculous listing. I am shocked that she’s selling $4mil houses and not still renting out $1800 floorthroughs.
OK…For all of you really interested in fine antique victorian furniture, this is the best place in the country…and, they are having a sale. i’ve never seen them have a sale like this before.
On page 2 that walnut secretary reduced from $8,250 to $4,500 is a real beauty…
http://www.southamptonantiques.com/so/so-1.html
They are in MA, not L.I.
No one would buy this for the current layout. They’d buy to convert into a single-family. The necessary structural alterations actually aren’t too bad.
But that’s meaningless speculation since as MF points out, this is next to the biggest eyesore in the Heights. This was listed either to float a trial balloon (if someone’s willing to pay a lot, why not take the money to get away from the pain next door) or because the seller REALLY needs to sell now, which will require a big discount to comps. I don’t think the market in the Heights is yet at $575/square foot for a house, but who knows what will happen here.
I’m waiting with gleeful delight to purchase a block of Brownstones for the 1880 price of $1000 in the form of 4 British sovereigns.
They have to be kidding with this one. No pictures, horrific layout for the owner’s duplex – one bedroom on the garden level with the kitchen and dining room, the other on the parlor floor with the living room and family room. Both bathrooms also appear to be en-suite which is terrible when you entertain
Plus the rentals are also crappy looking (if the kitchen is anything to go on in that pic) and the kitchen appears to act as a pass-through from the living room to the bedroom. I know kitchens and bedrooms are close in smaller apartments but walk through the kitchen directly into the bedroom isn’t exactly going to appeal to renters and sure isn’t going to get the kind of rents you would expect for a house priced like this
F’ing beautiful. I love the open, beam-soffit layout that exposes all three windows in one room.
$2.8M average reader appraisal. Peak Park Slope price for a beauty in the heart of Brookyn Heights. Yes, the market is plummeting indeed. Those who would have moved on this are now looking in the UWS. Everybody gets a neighborhood upgrade. Or two or three.
***Bid half off peak comps***
“If the house is delivered vacant, there is no problem…” Posted by: sam
Um… the problem is the 3.8MM pricetag. If a buyer is taking on a renovation project the price has to reflect it.
Maybe if the rental income for the apartments is 20k a month each.
Thanks Minard. There’s no way in the world I’d ever spend any money to buy anything with the prospects of the building next door being torn down. We have seen what that can lead to.