Monday, May 20, 2013

Closed in Lefferts: 4 Parkside Court

Yesterday we took a look at a stellar house in Lefferts Garden asking $1.8M that is rumored to have bids above that price.  Now let's see what trades in that neighb' at basically half that price.  4 Parkside Court is right by the Q train, right by the park, on a nifty/gnarly little block, with a nice limestone exterior, a healthy floorplate, asking $975K - and we're told it just closed for that price.

It's getting harder and harder to hate on Brooklyn.  The NYTimes blessed Eastern Parkway as "Brooklyn's Champs-Élysées" this weekend (wonder where we've heard that before...), and the lovely limestones don't stop there.  The buyer, who'd been looking for about a year and had been outbid a few times in places like Bed-Stuy, found a pretty solid under-marketed move to make here.  The buyer summarized it pretty perfectly, "In the end, it's not as hot as other neighborhoods right now, or as epic as a brownstone dripping with details, but we're hoping the wave continues South and brings us some raise property value and restaurants soon."

Pro's:  curb appeal, some original details, parking, on a quiet cul-de-sac, the park & train around the corner

Con's:  street's pretty gnarly, updates to be made, gone already, neighborhood amenities are lagging for the taste of many

Ideally:  another nice look at a relative value under $1M

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