We told you the $1.8M's are coming to Lefferts Garden. Brownstoner was quick to report when 36 Rutland Road went in contract for a record-breaking $1.85M. They jump the gun on these sometimes, but the broker confirmed this one. When you list for $2.1M in Lefferts, you'd better be able to back it up. 36 Rutland came correct with totally maintained details. We checked out the first open house the same day a record-breaker in Bed-Stuy was fielding offers. The pictures don't even do it justice...
This is a solid look at a full-sized four-story bow-front on a great block. Sure, prices are up at least 20% in Lefferts in just the past year, and it's still a relative value compared to what else is out there. Kitchen & bath tastes will vary...
But with a double-wide 40' lot with a driveway & garage, this house has what that high-end single-family buyer is looking for. The initial sticker-shock lingers, but the flagship property in the next-best neighbs trades at these levels. A year ago you could've gotten 4-stories (not nearly as stunning) for less than this in prime Prospect Heights at 159 Underhill Avenue. And nowadays even less house over there wants more at 108 Underhill Avenue. A house like 36 Rutland is probably pushing $3M these days if it's in Prospect Heights, or even more in Park Slope or BoCoCa. That's why it's relatively easy to break records on the top houses in Bed-Stuy, Crown Heights, and Lefferts under $2M. Big numbers for sure, but they're all relative. Can't wait to see the next move on this block.
Pro's: huge mansion with driveway & original details on a great block, one of the top single-family looks around, can really max it out with a few updates
Con's: pricepoint will shock, not everyone's ready for Lefferts, interior is not everyone's taste, no rental income
Ideally: where's a better single-fam rowhouse with a driveway within 2 miles of here for this price?
closed for $1.85M this week
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