Wednesday, February 25, 2009



285 Smith Street Sold in February for $2,000,000

The Miles Did Move To Carroll Gardens, Just Not To Smith Street.


And They Love Their New Neighborhood
!


Do you remember, dear Reader, the article in the Brooklyn Paper about the Westchester couple who sold their suburban home and bought a house on Smith Street?
In the spring of 2007, wishing to simplify their lives, Mimi and Jeff Miles sold their house in Croton-on-Hudson and purchased 285 Smith St. on the corner of Sackett Street in Carroll Gardens. It may have seemed like an unconventional move, but Mimi, who was born in Brooklyn, has deep affection for the borough.


Intending to remodel the Smith Street house before moving in, the Miles rented an apartment in the neighborhood. However, there were several design issues which needed to be addressed to make 285 Smith workable for the couple. When those could not be achieved, they decided to put the house back on the market. But
they were determined to stay in Carroll Gardens.

Last fall, the Miles closed on a beautiful brownstone on one of the neighborhood's nicest blocks.
I have had the great pleasure of meeting Jeff and Mimi. They are a lovely couple and a great addition to the neighborhood. It is evident that they have fallen in love with Carroll Gardens. In a short time, they have met many people, learned much about the neighborhood's history and have gotten involved in local issues.

And what of Number 285 Smith Street? The Miles sold the building just this month for a modest profit. Originally purchased for $1.65 Million, the sales price was
$2 Million. It has been bought by a young couple who intends to rent out the apartments and the store.
In a slow market, it is worth noting that good properties are still selling and that buyers are convinced that houses on Smith Street continue to be worthwhile investments.




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