House of the Day: 436 Classon Avenue Revisited


436 Classon Avenue is a perfect lesson in why over-pricing a house is a waste of time and, in a declining market, can result in a lower selling price than if the owner had just started with a reasonable price tag up front. Here's what we wrote when this was a House of the Day in March 2008:

This three-family Greek Revival at 436 Classon Avenue has a wonderful parlor floor and a front porch to boot, but we've got no idea what the owners are thinking asking $2,165,000 million on this street. We can't think of a house within three blocks of this place that has fetched even $1,500,000. Keep on dreamin'.

So now the question is whether the current asking price of $1,495,000 is low enough to get a deal done. It might have been possible a year ago but seems doubtful today.
436 Classon Avenue [Brooklyn Properties] GMAP P*Shark
House of the Day: 436 Classon Avenue [Brownstoner]

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