$900K for ONE FLOOR in an old Brookllyn townhouse

The price is right, fair market value.

It looks heavenly. I don't think that the price is too out there though the unit is smaller than I had expected but besides lots of space it seems to have everything.

I saw it ... kitchen is old, not ancient
Bathroom is cramped and old

Windows in front need to be redone.

Closets are poor.

Great location, great deck out back, good details

Nice big bedroom

I would have thought $700K

Good location. For a one-bedroom? No. Just...no.

It's a nice apartment, but like gleeclub said, I see this going for something more like $700k or maybe $730k. We'll see how much longer the owner is willing to let it sit.

The owner is looking to upgrade to something bigger, so it taking advantage of the market decline on the other side, might as well push him down on the sell side.

Appliance are crappy, bathroom cramped, windows need repair, closets need finishing. Great location and great outdoor deck, which, unfortunately, aren't going to be selling points for the next 4 months. Decks only sell April - September... price reduction

I saw this property a while back, and maybe the apartment looks better online than it does in person. Yes, it is an entire floor, but it is a small townhouse, and you will see your neighbors' apartments once you are out in the terrace...

The renovation appears to have been done by the owner himself (who definitely isn't a contractor), and the layout is quite awkward (i.e., the squarefootage seems decent, but the usable space is limited, especially in the bedroom (with the low-positioned windows and the terrace access in the middle). Also, the kitchen cabinets looked like they were built built by the owner--I swear. They are made of cheap compressed wood, painted black, and you can totally tell. The bathroom needs a totaly gut job.

The terrace is huge, but it directly faces an eyesore that looks you in, literally 5 feet away (I don't remember what it was, but it was some public bulding). It is also a walk up.

All in all, I thought, $600k or $650k, maybe...but definitely not a dime above that. Of course, someone else might find this to be a "gem."

I saw it, the kitchen had the same appliances as my rent stabilized apartment from some years back.

you know it's a bubble when people talk crazy shit like whether a 1br in Brooklyn is worth $700k or $900k

A floor through in a brownstone with 1 small bath is appropriate only for a single person, so that limits the buyer universe. Unfortunately, at this price range, it means a single person at earliest late 20s who has enough money to afford but for some reason doesn't want Manhattan. The single person also, since there is only one bathroom, can't really envision getting married during the time he or she lives here. So basically, single, has plenty of money and prospects, but wants Brooklyn Heights vs. more typical Manhattan. I think it has to cut to the $600s at some point to be realistic even despite a good location and nice deck out back.

ClintonB, you are kidding about the bathroom, right? Just to "guesstimate," I'd say over 90% of the married NYC couples live in 1-bath apartments.

no not kidding about the bathroom
you have to be nuts to have two people sharing one small bathroom

Would ClintonB be related to rufus by any chance? Just wondering... Another person to add to my "ignore this person" list...

no, not at all
I like my bathroom space

also, I've said I really like the block that the apartment is on very much, rufus doesn't like anything. I also haven't mentioned anything about Chicago.

who are you related to? only a few people around here are so invested that they need to use the ignore person button

What happens to a listing like this? does the owner and broker just give up?

Well, I previously thought $700K,
now I think $600K
but maybe in a few years we'll see

07/09/2008 Listed in StreetEasy by Brown Harris Stevens at $899,000.
09/23/2008 Price decreased by 6% to $849,000.
05/23/2009 Listing is no longer available.

ClintonB, believe it or not, there are plenty of single people in their 30s, 40s, 50s, and beyond.

Of course, that being said, this little ground-floor level apartment isn't worth more than $700K max.