Wednesday, November 3, 2010

$8 Million Park Slope Mansion Tries Again

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How's this for confidence in the Brooklyn market? The owners of 315 Garfield Place in Park Slope have decided to put the renovated 6,700-square-foot mansion back on the market for $8.15 million, just below the $8.5 million mark they tried to get for the house right as Lehman Brothers was imploding. Needless to say, it didn't quite work out then, but that was before Park Slope was New York's #1 neighborhood, baby! The 28-foot-wide whopper just steps from Prospect Park, "reminiscent of a London terrace house of the Regency period" per the Brown Harris Stevens listing, was picked up for just $3.275 million in 2006, and then the restorin' and renovatin' began. While an $8 million price tag in Brooklyn is eye-popping, it's by no means a borough record. In fact, another house in the neighborhood sold for $8.45 million last year. So who's the target market?
People new to this whole Park Slope thing. >>
Manhattanites looking to flee to Brooklyn for a more calm urban experience. That's our best guess, anyway, because the brokerbabble is kind of like Park Slope for Dummies:
Where are extraordinary townhouses designed by the finest architects of their day in all styles built in the 1880s only four miles from Manhattan? A Historic District for over half a century with five-story mansion height restrictions thereby limiting population density and providing views of the clouds and sky? Where the scent of wood-burning fireplaces in the fall and winter months feel like a town in Vermont? Where the air feels cleaner and fresher because of a 585-acre park by Olmsted & Vaux with a 60-acre lake and a 90-acre Long Meadow where sheep grazed after the Civil War, and stunning Botanic Gardens? Without the roar of trucks and buses it feels like going back in time, an oasis chosen by notable figures who could choose to live anywhere.
Pure poetry. The new listing doesn't have any fresh photos yet, but Open House NYC took a tour of the place the last time it was on the market. Here's the video: And for Brooklyn townhouse diehards, the floorplan. Build your own!
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So, better luck selling this time around?
· Listing: 315 Garfield Place [BHS]
· Video: 315 Garfield Place [LXTV]
· House of the Day: 315 Garfield Place [Brownstoner]

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