Wednesday, March 13, 2013

Real Recognize Real (Again): 408 Park Place

Platinum Members looking for a long time in one of our favorite neighborhoods made a great pick-up in prime Prospect Heights at 408 Park Place.  After seeing some of the best fixer-uppers in the neighborhood picked up in cash deals on and off-market for lofty prices, they saw the value in a modest renovation on one of their favorite blocks.  And who wouldn't wanna live on this block?

Around the corner from Kimchi Taco, PS 9, Prospect Park, the 2/3 trains, tons of commercial avenues amenities, the Brooklyn Museum, and a great kid-friendly parklette... if you don't know, you'd better ask somebody!

These aren't the most stellar pictures in the world, but if the "original period detail including crown molding, pocket doors, stained glass, exquisite mantels, parquet floors, skylights, pocket shutters and wainscoting" weren't enough for you - it gets better.  While a former SRO moves off-market with a shorter yard for a cash deal almost this high, these buyers wanted yard and they GOT ONE!

131' foot lot??  Yes, please.  A great alternative to chasing cash deals over asking price at Corcoran open houses.  If you liked 412 Sterling Place, but want a bigger yard and four stories instead of three, then 408 Park Place is the winner!

Pro's:  location, curb appeal, delivered vacant, great fixer-upper, huge lot

Con's:  gone already, pricepoint seems high if you haven't been paying attention, work to be done

Ideally:  another great look at what Prospect Heights can do over Park Slope

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