Tuesday, September 10, 2013

In Contract in Prospect Heights: 398 Sterling Place

On a block in Prospect Heights that can give Park Slope a run for its money, what's a 4-story 20' x 50' on an extra-deep 123' lot worth these days?  On Platinum Member radar just before it hit the interwebs, 398 Sterling Place is a 2-Family that came out asking $2.99M.  It's not like the $3M mark hasn't been hit in Prospect Heights, but by the time it dropped to $2.79M in a month, it didn't last another month on the market before going in contract.  The same agent who brought you 408 Park Place around the corner (and a few others on this block), is back at it again with wood everything...

No shots of "renovated kitchens and bathrooms complete with stainless steel appliances and granite countertops", but they ain't making houses with these wood details anymore.  Or these extra-deep lots...

Whenever "the lower duplex is vacant, and the upper duplex is currently tenant occupied but can be delivered vacant," it offers nice flexibility to buyers with different plans for the house.  If you're old enough to remember the yesteryear of 2010 when it was hard for a house like this across the street at 407 Sterling Place to fetch $1.5M; well, don't worry - you're not the only one.

Pro's:  full-sized yard & double-duplex townhouse with great original details on a great block in Brooklyn's next-best neighb' 

Con's:  gone already, it ain't cheap, no shots of updated kitchens & baths

Ideally:  beats most of its North Slope counterparts any day of the week

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