Saturday, August 4, 2012

Mullet-Style in South Slope: 275 13th Street

If you want a stylish townhouse that's federal brick "business in the front" and glass condo "party in the back", you've come to the right place!

Check out the rear facade of this house:

275 13th Street is a nifty little 2-Family in south Park Slope with an open house this weekend.  Weighing in at just 15' wide, but 58' deep, it's rockin' a renovated interior that's at times sleek, other times monotone.  They even got a little daring with this exposed brick warping into concrete:

With windows reminiscent of Newswalk condo's on the back:

(Newswalk windows)

 And a backyard that will remind you of Bi Bim Bop dinners in the outdoors of Moim:

How do you size up the list price of $1.68M?  If you think the houses are getting smaller and the prices are getting bigger in Park Slope, then you're not the only one.  Sporting a mullet of his own, Matthew McConaughey's character in "Dazed and Confused" famously says, "That's what I love about these high school girls, man.  I get older; they stay the same age."

You might run into a guy like McConaughey's character at the Lucky Saloon next door to the house:

You can't really listen to a guy who says, "Heyyy, watch the leather man!" and proceeds to giggle like a school girl.  But if you listen to the market, this week we took a look at two small 2-Family buildings that listed just below this price and soared well above it.  Both 352 4th Street and 365 6th Street listed for $1.65M this spring, went in contract in a month, and closed for $1.827M and $1.875M respectively.  Those were far from being as finished products as this, but this is south Slope we're talking about.  Wouldn't you have much rather bought this bad-boy for $1.374M??  Oh wait, that was last year's prices.  Remember how we told you the Slope is blowing up?  144 16th Street isn't as nice a block, but an equally-stylish renovation (more consistently so), and for a better price.  Even a few months ago you could've gotten in on this same block a few doors down at 279 13th Street at what feels like a discount now and given it the Cousin John treatment to put your own spin on the interior.

Pro's:  fully-renovated, stylish, open house, deep building, nice use of the backyard

Con's:  it ain't cheap, the style's a little inconsistent inside, there's no hiding in south Slope anymore, what it's like being next door to the Saloon?

Ideally:  worth a look, even if you think Slope prices have jumped the shark.

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