Saturday, May 3, 2014

Epic Crown Heights Limestone: 255 New York Avenue





Limestone glory is alive & well in Crown Heights at 255 New York Avenue, just down the hill from Eastern Parkway, and a block from Nostrand Avenue.  On Platinum Member radar since before it came out, the price reduction to $1.6M makes this one of the more interesting buys in the area.  This single-family house (that can easily be used as a 2-Family) has original details for days and updated kitchens and baths on the owner's triplex, and can go toe-to-toe with many houses trading even higher than this.  Listing broker Carol Calhoun-Adams shared some of her pictures with us...







Pretty much one of the fanciest parlors we ever stood in.  With the kitchen in the rear of the parlor extension, there's a huge formal dining room with ceiling beams & wood everythang...






Because, if the New York Times says it, it must be true; apparently the separate dining room and kitchen are making a comeback...




Think of this hosue as the less decadent, more affordable Crown Heights version of 55 Rutland Road in Lefferts.  The yard is a little short with the extension taking up a lot of it, but it's nice & open.  The rest of the house is great for end-user families...






The garden apartment has a separate entrance and is partially below-grade, but still a very suitable rental...




This is easily a $3M+ house in Prospect Heights in this market, but Crown Heights still offers amazing value.  If you want the bowfront grandeur of a limestone without paying $1.8M or more, we're all in on this one.



Pro's:  solid 4-story bowfront limestone, curb appeal, epic parlor & original details, modern upgrades, serviceable rental apartment, open yard with porch, current asking price represents a great relative value

Con's:  rental is below grade, short yard due to extension, renovation isn't everyone's taste 

Ideally:  truly a special house, perfect for the right buyer


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