Monday, October 24, 2011

Park Slope Premium is Alive: 710 President Street

If you like 706 Degraw Street, you'll love this! 710 President Street is a nice slice of primetime Park Slope between 5th & 6th Avenues, with the neighborhood's premium built in. This 17.75' x 45' brownstone is a legal 3-Family in turnkey condition with an owner's duplex and 1BR rentals on top. There's nice original details and some dated fixtures that could use updating to max it out, but they're fishing a little too high in price anyways...

They listed in July 2011 for $1.99M, then dropped to $1.899M in September, now the current price of $1.749M is getting warmer. Ya gotta love some of the floors, the backyard, and the location, but we'd rather spend this kind of money on a more finished product. They're bound to fetch somewhere close to this just because of how little product there is on blocks this key. But we'd swoop up a few 4-Families around this price range, some in even better condition, before we'd do this - including one just a few blocks away that could be one of the better Park Slope buys of the year. They seem to still be having open houses, though. Could be worth a look, and a $1.6M offer. Or head over to Clinton Hill for one of the handful of finished mansions available for this price or less. Who else breaks down Brooklyn for ya like we do?

Pro's: location, curb appeal, backyard, turnkey, original details

Con's: dated interior, a little narrow, Park Slope premium

Ideally: with another price drop due, it could work for a few kinds of buyers