Sunday, October 16, 2011

Barrel Front Limestone Can't Sell: 141 Lefferts Avenue

Our first look into Prospect Lefferts Gardens is a barrel front limestone in a nice row of them, just two avenues over from the park and the train, that can't sell in the mid-to-high $800K's. 141 Lefferts Avenue is a legal 2-Family that listed with Corcoran in December 2009 for $899K. 6 months of that didn't do the trick, so it listed with Brooklyn Properties for $879K and was Brownstoner's House of the Day back in June 2010. Property Shark shows another listing in November 2010 for $879K again. Now it appears with and on Zillow with Fillmore for $849K. Is this the price?

If this was the price range, and pre-war was the game, we might go here before we go to Greenwood or Sunset, just for proximity to Prospect Park. And maybe someone looking in Bed-Stuy might prefer the proximity to the park here too. You could also pick around south Slope in this price range to find better interior and worse exterior. Looks like the building was purchased in 2009 for $535K and new mechanicals & a rental-grade renovation were added to soup-up the retainable original details like parquet floors and pocket doors. Is this better than a 2BR apt on the other side of the park? We're not familiar enough with this neighborhood yet to even say.

Pro's: curb appeal, original details, close the park & train

Con's: not the first place to spend this kind money, rental grade finishes on the renovation

Ideally: we'd rather be on that outer edge of Clinton Hill for this price range, but that's just us