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In a sign of the times, this five four-story brownstone at 872 Park Place in Crown Heights sold for $525,000 at the end of 2004 and now has a lien of $600,000 on it. The 3,600-square-foot, four-unit building is scheduled to be auctioned on Thursday at 3 p.m. at 360 Adams Street. Or you could try to go straight to Wells Fargo’s lawyer at 718-204-2400.
872 Park Place [PropertyShark] GMAP


What's Your Take? Leave a Comment

  1. nah, by “that” i meant foclosures mixed in with top of the market buys throughout the neighborhood. i know several recent buyers in bedstuy who paid in the 800k range and have seen mutliple houses on surrounding blocks go into foreclosure over the past 6 months or so. these foreclusures kill the market value in the area. you’d need to watch sale prices in the area this year and next to gauge the effect.

  2. 11:48 – maybe some straws in there, but many legit transactions that won’t go to foreclosure, but will suffer significant drops in market value. not all that different than what you’re seeing in bedstuy now. however, encouraging to see that lefferts has been able to seemingly buck that trend thus far.