Friday, January 24, 2014

Stylin' in Ditmas: 616 East 19th Street

Over in Ditmas Park, the valleys of Brooklyn's brick and brownstone row houses end and amazing frame Victorian home dreams come true.  616 East 19th Street sure looks like a classy combination of historic exterior and modern interior with an open house this weekend and a list price of $1.425M.

The asking price?  Well, Platinum Members had the early lead on the listing at nearby 551 East 19th Street...

Which had multiple offers at the first open house with an asking price of $1.399M, and closed yesterday for $1.465M.  We don't know Ditmas too well, but we know markets.  And no matter how you slice it, handfuls of folks who were eager to take down 551 East 19th Street (without even interior pics), will be chomping at the bit for the arguably even-cuter place like 616 East 19th Street somewhere above its asking price. 

Sure, these are single-family homes without the rental income that's part of the picture for so many multi-family purchases.  And not everyone wants to be "all the way out" in Ditmas.  But with unique proportions you don't find in 16' - 20' wide row houses - and spacious yards!! - it's no wonder people come out here.  Platinum Members have done it before.  When hundreds of apartments sold for over $1.5M in Manhattan last year, and the best of breed even in Windsor Terrace, Lefferts, Bed-Stuy, and Crown Heights can easily soar over $1.5M, you can see why a few folks would flock to the Brooklyn homes like these on huge corner lots with 2-car garages, front and back porches & yards, and all the fixings of the suburbs in Ditmas.

Pro's:  curb appeal, original details & modern upgrades, condo-alternative pricing, corner lot, front & backyard, open house this weekend

Con's:  bound to go over asking price, no rental income, not everyone's ready to head to Ditmas, frame homes have their own drawbacks

Ideally:  when you want a little piece of the 'burbs in Brooklyn, it doesn't get much better than this these days

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