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May 30, 2006

House Joke of the Day

houseThis listing is just silly. First of all, a house like this would have a hard time getting $1.4 million in friggin' Park Slope. Secondly, the broker claims the 224 Avenue I address is in Midwood. We consulted with the High Priestess of Victorian Flatbush real estate, Mary Kay Gallagher, who has a detailed map of the area's neighborhoods. This, being west of Ocean Parkway, doesn't even make the cut. Thirdly, if you're going to slap a ridiculous price on a house, at least put some interior photos up. One good thing about the more sober market is that it should gradually weed out pie-in-the-sky listings like this that only waste people's time.
Midwood Two-Family Corner Property [Craigslist] GMAP




Comments

This house is an area which was following the Flatbush Victorian building boom (it was known as Vanderveer Park), and there were a lot of gorgeous houses built there, a few of which remain, as well as some knock out 1920s-30s Tudors. Sadly, a lot of these homes have been replaced by gleaming Mcmansions in recent years. The neighborhood is almost exclusively orthodox (I think mostly Sephardim). it is a very tightly knit neighborhood and it is pushing westward towards Amersfort Park, towards much more modest homes, such as this one. They have lots of kosher amenities along avenue J and Bedford, and even have their own very visible security patrol. Now, personally, it is not worth 1.4 million to me to live in this neighborhood in this house, but, and I'm not saying I know this for sure, but maybe it is to some orthodox families with close ties to this nabe. Sort of like the threads we've had before about Ocean Parkway neighborhoods around Avenue S... Just as thought.

Posted by: Anonymous at May 30, 2006 11:56 AM

What usually happens in this area is that the price is not for the house - but for the land and location. The house will more than likely be destroyed and a McMansion built in its place. You see alot of nothing houses getting huge prices - again for the land.

Posted by: Anonymous at May 30, 2006 12:03 PM

12:03 - exactly the point I was just going to tack on to me above post.

Posted by: Anonymous at May 30, 2006 12:05 PM

brownstoner:

no offense, but this is where you start to show your lack of knowledge of all of brooklyn. as you do know, brooklyn is not limited to only the neighborhoods you talk about (park slope, ft. greene, clinton hill, etc.). there are many other parts of brooklyn where housing is very expensive. this area of brooklyn (where this house is) is home to thousands of religious jews who pay premium prices for home in this area (in and around bedford ave b/w ave. h and kings highway). i have little doubt this house is the right price (either for the house itself or for a knockdown). you must remember it is likely this home will house at least 10 members of someone's family as that is how many people live in this area.

Posted by: anon at May 30, 2006 12:07 PM

Oops - this house is West of Ocean Pkwy - I don't know why I was thining east of Ocean Ave.... This area was never part of Vanderveerpark... BUT, everything else about the orthodox desirability of this neighborhood holds water.

This area must have a name... Parkville? Isn't that what's just south of Kensington...?

Posted by: Anonymous at May 30, 2006 12:12 PM

i'm anon @12:07 and I just looked at my own map since brownstoner's isn't linked properly, and this is definitely NOT midwood and definitely not an area where religious jews tend to live...the area is parkville and not worth the $1.4 mm....if it was up ave. i towards bedford ave then yes, but not down towards mcdonald ave.

Posted by: anon at May 30, 2006 12:24 PM

I don't really know this hood but a quick look on property shark doing a comparables search makes this price look like it's in the ballpark.

Posted by: Anonymous at May 30, 2006 12:52 PM

Everyone has said it already - it's all about Orthodox desirability. Georgetown (a neighborhood abutting mine (Old Mill Basin)) is said to be slated next for an "Orthodox takeover". Prices are climbing already (899k for two family - up from about 435K in late 2004) and homes a being sold without for sale signs being put up.

Posted by: OMB at May 30, 2006 2:46 PM

1.4M might be a bit high, but by no means is it a joke. The other posters hit it on the head with the desirability - in fact the necessity - within the Orthodox community to live near an appropriate synagogue. Also, some communities have "Eruvs" which permit carrying on the Sabbath, which would otherwise be forbidden. If this house is inside an Eruv (and I think it is), there would be a premium. The prices I've seen lately in Red Hook, on the other hand...

Posted by: BrooklynJon at May 30, 2006 3:28 PM

Anon at 12:07 - there are orthodox jews living in parkville (as well as a thriving Pakastani community), in very ordinary looking homes like this, some of which are unrenovated, some of which are morphing into very tall and narrow McMansions. But I agree with you, it doesn't have the cache or desirability the east side of Ocean Avenue, hence the price does seem a bit high.

Posted by: Anonymous at May 30, 2006 4:18 PM

It's the "jew" tax.

Kosher restaurants, el al, houses near the shul. Always expensive.

Incidentally, the brooklyn orthodox community owns big (really big!) chunks of New York real estate yet live in humble houses in boro park.

Looks can be extremely deceptive.

Posted by: Anonymous at May 30, 2006 4:56 PM

If you go to the broker website it says that 224 Avenue I is the address of his office

Posted by: Bryan at May 30, 2006 5:07 PM

Anon at 1:49 - I sort of agree with you on Mary Kay. She can be completely off-putting and is not exactly the most professional, user-friendly broker in the world. Having said that, please don't give up on the neighborhood just because she is difficult to deal with. I have now lived in the area she covers for a while and, other than my horrible experiences with her when looking (I turned away from houses I might otherwise have bought at first because she was so condescending, didn't return calls for periods, etc...), I love the area more and more each day.

Posted by: Anonymous at May 30, 2006 5:26 PM

Will jerks never stop posting? "Jew tax?" Do you think you can be even more offensive?

Posted by: Bx2Bklyn at May 30, 2006 5:41 PM

In short, brownstoner is an ignorant.
The fact that he consulted Mary Kay Gallagher shows me that he doesn't have a clue as what brooklyn is all about.Otherwise why would he need to consult? it shows that brownstoner doesn't have a clue as what's going on in brooklyn beside meager park slope.
Also comments on other areas overtime shows his lack of understanding.
It looks to me that the fellow opererating this site are total amatures sort of old ladies gossiping in the supermarket. This site has no credibility as what is going on in brooklyn and if you taking/follow advise from it you'll not go far. You may wake up one day selling your house too cheap or buying one too expensive. This site is entertainment at best. I own propreries in park slope and ditmas park
and it looks to me that someone here is angry to see another areas going up more or at least as park slope. Idiotic!

Posted by: developerxx at May 30, 2006 5:45 PM

Gotta put in a word for Mary Kay Gallagher...based on our experience, not hearsay...20 years ago, when we were poor househunters seeking a toehold in the RE market beyond Park Slope, she was the ONLY broker who treated us with respect (with some pity, perhaps) despite our measly financials...showed us what little she had in our price range without the scorn (and blatant racial steering) we got from bottom-feeding white-trash brokers at other agencies. She's been a tireless advocate for an area that was long undervalued...can't vouch for today, but I have never forgotten how, 20 years ago, she spared us her contempt.

Posted by: Brenda from Flatbush at May 30, 2006 5:47 PM

for all other parts of brooklyn, best do a drive by. realtors doesnt matter. see a place you like and has for sale sign just call. and they'll be happy to show you without having to goto some office. just show up at the place a certain time.

Posted by: armchair_warrior at May 30, 2006 6:10 PM

It sounds like the sale price includes membership to an exclusive, private club.

Posted by: Anonymous at May 30, 2006 6:41 PM

How would a 2 family with a garage have a hard time selling for 1.4 in park slope?

Posted by: Anonymous at May 30, 2006 7:08 PM

I respect Mary Kay based on her standing in the community, and yet I also agree that she can come across as pretty rude. I decided not to make an offer on a house because of her attitude (she wouldn't answer basic questions about the house.) I kind of attribute it to her advancing age, because so many people assure me that she is a lovely person.

Posted by: Anonymous at May 30, 2006 9:34 PM

FWIW, I grew up not that far from this house, and I think something has been lost with all the tear-downs--a lot of houses in the part of Midwood I'm from were very spacious to begin with, surrounded by large lots, with small lawns leading to steps and open porches. It was a charming area that went on for block after block after block. Now there's all these garish brick mcmonsters with the same bland flower-free landscaping. And where I grew up, it's not because of large families--frum or not, the wealthier you are the fewer children you have. In fact, when the area was more secular, some pretty small houses were home to families with 4-6 kids, and these have been replaced by huge things housing families with only 1-3 kids.

Posted by: Anonymous at May 31, 2006 1:05 AM

Come on Folks, you won't make an offer on a house because your not happy with the Broker, you decided your not going to buy in an area because you don't like a Broker. Please, sounds more like maybe you couldn't afford the house or the house went for money then you could afford.
I never heard of something so stupid. You don't have to like the Broker, heck you don't have to like the Seller. You have to Love the House and the Area you are buying in.

Its part Love of the Home and the other part is Business. An in business we have to deal with people we don’t like. So please people, these all seem like excuses to me….

Posted by: Anonymous at May 31, 2006 7:10 AM

Sorry, but when you are a busy person and many houses are for sale in the area (all with their pluses and minuses (I am not rich enough to be able to afford perfection) and in the same price range), you give up on a house after the broker does not answer your questions/return your calls, etc... while other brokers are going out of their way to show you equally interesting houses in the same price range. Perhaps this would not be the case for you, but it is for many people. If the house was a very rare, hard to find, excellent condition house, etc..., you would probably still forge ahead, but for the average house, it isn't worth the hassle.

Posted by: Anonymous at May 31, 2006 10:05 AM


Bronwnstoner never said he was a Brooklyn real estate expert.

This is a real estate blog, not a class being taught by Professor Brownstoner.

Developerxx, you need to learn proper English grammar if you expect anybody who can read to take you seriously.

Posted by: Anonymous at May 31, 2006 11:59 AM

I too had a good experience with Mary Kay and her daughter Eileen. You can't get along with every one I guess.

Posted by: Anonymous at May 31, 2006 12:22 PM

Developerxx own lots of properties, but no talk so good...

Posted by: Anonymous at May 31, 2006 5:56 PM

" Also, some communities have "Eruvs" which permit carrying on the Sabbath, which would otherwise be forbidden. If this house is inside an Eruv (and I think it is), there would be a premium."

Can someone please explain what an ERUVS is?

Posted by: Anonymous at May 31, 2006 9:58 PM

Don't know the technical religious def, but it's a symbolic wall that extends the area of the house. On shabbat, orthodox jews can't do work, which includes carrying anything outside the house--not keys, not babies, nada. Some authorities permit the use of an eruv so women can push strollers, etc. There are requirements for the eruv, which I am not familiar with, but I know people used to use the old overhead telephone wires when they were araound. Now, some folks string wires.

Posted by: Anonymous at June 1, 2006 1:46 AM

Thanks, Anon 1:46.

Posted by: Anonymous at June 1, 2006 7:05 PM

We had a good experience with Mary Kay and Eileen personally, but our business dealing with them was soured by ridiculous prices for increasingly crappy houses. At the time, though, Babs had just invaded Brooklyn, and they were being squeezed for the first time out of Ditmas deals they had previously owned. Not sure how they're doing these days with inflation on the skids, but my guess is they saved up some fat commissions during the bubble for a long "winter."

Posted by: Prodigal at June 6, 2006 11:41 AM

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