The state of the Fort Greene townhouse market
Despite all the rhetoric on brownstoner's very popular House of the Day discussions, where naysayers decry the asking price of a specific Fort Greene townhouse, the market has spoken and the word is that the Fort Greene townhouse market is being buffeted by Manhattan buyers.
We have three specific examples.
The first townhouse at 211 Carlton, listed at $2.655MM, sold at asking price. The second, on 53 South Oxford, was an ostensible flip job, and sold at $1.83MM. It was originally listed at $1.975MM after having sold for $1.375MM in July 2006. The third, at 344 Carlton, sold for $2.48MM.
The not-so-surprising tidbit? All three buyers came from the island of - the Upper West Side, the Lower East Side and the East Village, respectively. What this all boils down to, is that a wealthy Manhattan buyer(s) will pay a premium for the limited amount of brownstone stock in this neighborhood.