Sunday, November 7, 2010

Pricey & Not-So-Nice-y: 414 Dean Street

414 Dean Street is a nice looking brick building on quiet-but-centralized block in Park Slope. It's about as close as you can be to Atlantic Yards without feeling the hustle and bustle of it. The exterior looks great, but who's trying to pay this much for a restoration and a 2-Family no less? The current list price of $1.7M makes yesterday's listing look like a steal. The price action here is pretty confusing too. According to Zillow, it was listed at $1.975M in October 2009, then dropped to $1.675M in March 2010, then removed a month later. Now re-listed in August 2010 for $1.7M. We don't know what difference 4 months made that they felt compelled to raise the price it already wasn't selling at by $25K. But we do give credit for a variety of pictures and a legit listing description.

We like 4 stories of nice original details like wood floors and fireplaces as much as the next guy, but not for this price:

Pro's: curb appeal, location, nice block, original details, yard

Con's: lots of renovation needed, price, 2-Family status

Ideally: you take this same cash over to a finished building, or else there's a haircut in order for this place


  1. Price dropped to $1.2M last month, getting warmer...

  2. could $1.495M finally, actually be the price after jumping around for so long?