Wednesday, November 30, 2011

Stretching for Park Slope Premium: 37 Prospect Place

It's interesting that this time last year, Brooklyn Properties offered a gorgeous 2-Family in Prospect Heights for less than $1.8M that sold for $1.5M in February. Nowadays, the Park Slope premium has been applied to this north Slope 2-Family 37 Prospect Place. There's nothing too compelling to us about the size or price point. The 17' x 50' floor plate gives you some narrow, but ample, space. If you want original details in a great location, maybe there's a play to be made. With so many other places that want to be $1.795M too these days, it's hard to say this is the best one.

Is this really where prices are these days? We imagine most buyers will factor in a modest renovation budget in mind for some of the more dated parts of the house.

Pro's: original details, north Slope location, separate entrance for 1BR rental

Con's: narrow, curb appeal, some dated interiors, price

Ideally: why pick this up when there are 2 superior $1.8M multi-fams in Park Slope still available?


  1. Back on the market for $1.675 m. Surely a better price point now?

    Brownstoner commenters mentioned at the time that there was a lis pendens on the house. I wonder if it's still in place...

    1. The price is def' getting warmer. And the lis pendens is still intact.