It’s houses like this renovated two-family brick townhouse at 213 29th Street in lovely Greenwood, Brooklyn, that make us stop and think about the current real estate market. The home is asking $2.5 million. Sure, it’s a 2,379-square-foot townhouse–bigger than most apartments. And there are four bedrooms if you count the rental unit, though most of them are pretty small–and there’s that rental income, of course. But though Greenwood is a solid choice for townhouse living, a 17-foot-wide, three-story house is a tough sell in any neighborhood–and a two-and-a-half million dollar property is a tough sell in this one. Also: The house has no cellar (less storage and other downsides). But it’s awfully cute. And the crazy thing about home buyers is that it only takes one.
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This shotgun house in East Bed Stuy (asking $775K last December) needs to move over: there’s another stubby property in town. And by town, we mean the neighborhood of Greenwood Heights, Brooklyn, located just south of Park Slope. The two-story home comes with two bedrooms, one-and-a-half bathroom and the opportunity to expand. The question is, would you pay just under $1 million for it?
A certain “just right” location can make a buying a home there seem like it’s a way better idea than it might have been, say, ten years ago. That certainly describes one thing this unexpected loft condominium has going for it; it’s exactly at the crossroads where Greenwood meets South Slope and Sunset Park, with a side of Gowanus. All of those neighborhoods are uniquely poised, each in their own way, to become some of the most exciting districts in Brooklyn.
Though the surrounding streets are more likely to yield modest clapboard or brick multi-family homes, this 1,255 square foot condominium in a converted factory building at 248 17th Street just south of the border (of Park Slope) conveys a vibe of cool, authentic loft living, with poured concrete floors, painted brick walls, 14-foot ceilings and oversized steel-framed casement windows. And while the $1.2 million price tag may be a sign of the times, it’s definitely a sign of the territory.
The Brooklyn neighborhood of Greenwood–with Park Slope to the north and Sunset Park to the south–has become a top choice for buyers priced out of other headline-stealing neighborhoods. It retains its somewhat sleepy old-Brooklyn feel, while enabling residents to stay in the loop with an ever-growing roster of amenities–including those in nearby Park Slope, Gowanus and Red Hook. The area is convenient, transit-wise; Prospect Park is its northeast border, and adjacent Green Wood Cemetery is one of the city’s most treasured green spaces. South Slope itself has seen a precipitous price leap as it has gone from being a dodgy lower annex to merely a more laid-back option. And homes in Greenwood are no longer the “steal” they once were, but they are still expected to be considerably less costly than their northern counterparts.
The row of stately four-story 19th century brownstones that includes 228 17th Street seems almost out of place among the eclectic mix of wood-frame, vinyl-sided and brick homes, larger townhouses and apartment buildings, some of them with modern renovations (plus the unavoidable march of new construction), that give both South Slope and Greenwood their laid-back feel. But variety is certainly welcome here. The home was first listed in April with Brooklyn Properties for $2.95 million, reduced to $2.750 million shortly thereafter, delisted in July, then listed anew in the able hands of Halstead at its current ask.