House of the Day: 66 Clifton Place
The four-story brownstone at 66 Clifton Place was purchased in 2006 for $1,265,000 and was subsequently renovated quite thoroughly and nicely (recessed lighting notwithstanding!). Unfortunately for the owner, timing is everything and it’s hard to see how she’s going to get her money back now that she’s decided to sell. Since we live just a…
The four-story brownstone at 66 Clifton Place was purchased in 2006 for $1,265,000 and was subsequently renovated quite thoroughly and nicely (recessed lighting notwithstanding!). Unfortunately for the owner, timing is everything and it’s hard to see how she’s going to get her money back now that she’s decided to sell. Since we live just a couple of blocks away, we’ll be thrilled if she can get the asking price of $1,595,000 but it’s hard to see how a house on that block fetches that high a price in this market. Agree?
66 Clifton Place [Brown Harris Stevens] GMAP P*Shark
One Reader’s Comparison Shopping in Clinton Hill [Brownstoner]
nice but narrow
Yum, I really like that house. If I could afford it, I would buy it. If I had it like that, I think I’d believe it was a good value at 1.3, especially b/c I’d be buying for the long haul. This is the really one of the best renos ever posted here.
Sure, but the maintenance includes water and trash, which you would have to pay anyway for the house. That’s why I think it’s a wash. And taxes can increase by similar amounts in both places, I doesn’t look like there is any abatement currently.
There is definitely a premium for a house, but in this case the mansion condo has 4 exposures, it’s the parlor floor and a block away from one of the best playgrounds in the city (Underhill.)
the house was purchased renovated in 2006. this owner didn’t do the reno. the house is beautiful but the block is shady. she needs to stay & wait it out.
Condo maintenance at $279 per month would add up to $2325 and with another $1,800, that’s $4,125. Not a wash but close. If the condo conversion is new I’d be wary of the taxes staying at $8,000.
Dave, the maintenance charges for the condo are $279, and the taxes for the lot are $8,000, split between 5 more or less similar units. So maybe $1,800-$1,900 tax per year?
It’s a wash.
BHO, if you think that, buy it now for 1.2, and then I’ll buy it from you for the .65m. That way you prove your point and we both win.
DIBS, dont think those fireplace mantels were the ones I saw or if there was any mantel at all
> crenellated craptacular construction
Try saying *that* five times fast.