Urbanmiracle
Brooklyn the planet...
I live not too far from there. In a brownstone. I love my neighborhood. shyt… I went to private school too. I guess I’m part of the problem? We’ve been here my entire life never moved.
So this is a $4 million dollar house in Brooklyn
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dora_da_destroyer
Master Baker
House isn’t ugly at all…simply isn’t your style. I’d swap out some light fixtures, put different tile in that fireplace, repaint a couple rooms (incl removing or changing the wallpaper), and maybe paint the beams in the kitchen to lighten it up, but by the time you move your own furniture in, it reflects you.
Crooklyn House Brooklyn: 7 Arlington Place Renovated, Becomes B&B
Crooklyn House Brooklyn: 7 Arlington Place Renovated, Becomes B&Bwww.brownstoner.com
The new house is ugly as sin.
What they did to it is a travesty.
But I appreciate original detail in houses, not everything needs to be white walls and open concept
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I think some of you're are forgetting a very important fact:
Brownstones retain their value.
Houses in the ~$2mm range out in the burbs face the following: 1.) A VERY limited amount of buyers, 2.) The Aesthetics of these houses tend to be trendy and can age out really quick (i.e. the recent farmhouse rage), and 3.) Buyers at this level are willing and able to simply build a new house. So its not surprising to see houses in these ranges sell for lower than what they were purchased for.
But because of the historical component and the limited supply of brownstones in NYC, they always are in demand (assuming the zipcode holds up).
Brownstones retain their value.
Houses in the ~$2mm range out in the burbs face the following: 1.) A VERY limited amount of buyers, 2.) The Aesthetics of these houses tend to be trendy and can age out really quick (i.e. the recent farmhouse rage), and 3.) Buyers at this level are willing and able to simply build a new house. So its not surprising to see houses in these ranges sell for lower than what they were purchased for.
But because of the historical component and the limited supply of brownstones in NYC, they always are in demand (assuming the zipcode holds up).
IsThatBrothaMouzone?
Veteran
That's a damn good point.I think some of you're are forgetting a very important fact:
Brownstones retain their value.
Houses in the ~$2mm range out in the burbs face the following: 1.) A VERY limited amount of buyers, 2.) The Aesthetics of these houses tend to be trendy and can age out really quick (i.e. the recent farmhouse rage), and 3.) Buyers at this level are willing and able to simply build a new house. So its not surprising to see houses in these ranges sell for lower than what they were purchased for.
But because of the historical component and the limited supply of brownstones in NYC, they always are in demand (assuming the zipcode holds up).
Did a little Zillow check and have seen quite a few 7-figure houses around DFW.
Frankly the top end of the market is oversaturated because there's so many options for rich people but not that many rich people that want to own 10 houses. Those houses sit on the market forever because no one (that can afford it) wants em. See celebrities buying and selling $10M+ mansions every week. Most folks don't need that much house unless you're so famous that you can't go out and do regular shyt without getting mobbed. The average doctor/CEO/lawyer doesn't need that much space....maybe a big garage.
The big mansion type crib can be built elsewhere at high quality for cheap...no reason to buy someone else's albatross unless the house has everything you want.
The NYC brownstone is more an investment...a place to stay at when you're in the city and not so much your primary residence.
I think some of you're are forgetting a very important fact:
Brownstones retain their value.
Houses in the ~$2mm range out in the burbs face the following: 1.) A VERY limited amount of buyers, 2.) The Aesthetics of these houses tend to be trendy and can age out really quick (i.e. the recent farmhouse rage), and 3.) Buyers at this level are willing and able to simply build a new house. So its not surprising to see houses in these ranges sell for lower than what they were purchased for.
But because of the historical component and the limited supply of brownstones in NYC, they always are in demand (assuming the zipcode holds up).
Dudes in this thread view things from only their POV....the value is only going to increase
Cave Savage
Feminist
But if you want a modern, simple look, you may as well just buy newer construction for a much lower price. The main appeal of brownstones (other than the facade);is the original detail on the inside.
Cave Savage
Feminist
"Entirely renovated" is why I think it's overpriced. The interior looks like a Fedders House
dora_da_destroyer
Master Baker
that's true for every home. if you're not up for a renovation, buy close to what you want. many brownstones are renovated with contemporary/modern design inside, if original interior detail doesn't look good to you, then go buy one that has undergone a contemporary remodel.
to your point you have to think, if I buy a house with floors I don't like and replace them I can pay them (ex. they cost 7,000 and I pay it off) compared to it being apart of the mortgage which will cost more for a longer period and raise the asking price.
SadimirPutin
Superstar
A brownstone in nyc isnt losing any value