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November 7, 2006
Co-op of the Day: Delusional in Windsor Terrace

Is it just us or is the seller of this Windsor Terrace co-op out of his mind? We like views of Prospect Park as much as the next guy, but $1.3 million for a 1,900-square-foot co-op that needs another $200,000 of work seems nuts. If this were on Prospect Park West, we could see it but as nice as Windsor Terrace is, it does not command Park Slope Proper prices. Are we missing anything here?
$1,300,000 Prime Co-op Facing Prospect Park [Craigslist]
Comments
When did Re-Run start selling real estate?
Posted by: beef stu at November 7, 2006 11:38 AM
I think this the the same apartment that has been sitting on the brooklyn properties website for about a year. Clearly the seller thinks that if it keeps switching brokers eventually one of them will sell the apartment despite the crazy price. It is also a sponsor sale so the seller may not be in a hurry - who knows maybe some idiot will come along and take it off his/her hand.
Posted by: Anonymous at November 7, 2006 11:41 AM
yeah, he's out of his mind. some people are f'n clueless.
Posted by: Anonymous at November 7, 2006 11:48 AM
That is the most hideous apartment I have ever seen with a price tag exceeding a million dollars.
Posted by: Anonymous at November 7, 2006 11:59 AM
"The apartment needs a gut renovation but this space is ideal in every sense of the word."
I think the broker needs a new dictionary.
Posted by: Anonymous at November 7, 2006 12:04 PM
He looks NOTHING like Rerun.
Posted by: Wallis at November 7, 2006 12:04 PM
Yes, I agree,
the Re-run comparison is a stretch and reeks of racism-tinged hating.
Posted by: Anonymous at November 7, 2006 12:07 PM
Why are y'all stirrin' up trouble amongst the good negroes. Don't you know all of us look alike.
Posted by: Anon at November 7, 2006 12:13 PM
wow i believe instead of 'ideal' the word he meant to use was 'chutzpah.'
Posted by: Jimmy Legs at November 7, 2006 12:39 PM
This is an open listing sold by the sponsor, so many people have had the listing.
Posted by: Anonymous at November 7, 2006 12:59 PM
this apartment sucks. and not for nothing, it's been around longer than one year and he's actually gone up in price!!!!
Posted by: m at November 7, 2006 1:33 PM
they must have misplaced the decimal point. friggin rediculous.
Posted by: csk at November 7, 2006 1:34 PM
Some brokers will promise any ridiculous price to the seller just to get a listing that will waste more time and reputation than the benefits they are seeking from having a million dollar listing. So pathetic!
Posted by: Anonymous at November 7, 2006 2:53 PM
Some brokers (sic, real estate agents) will promise any ridiculous price to the seller just to get a listing that will waste more time and reputation than the benefits they are seeking from having a million dollar listing. So pathetic!
Posted by: Anonymous at November 7, 2006 2:54 PM
For that price I would rather be on the other side of the park (Museum side)if I could afford it.....
This listing is a similar size and a lot less:
http://www.thedevelopersgroup.com/apartments/apartment.aspx?webid=11641
but it still looks like it could use some upgrading
Posted by: Anonymous at November 7, 2006 3:05 PM
This apartment will fetch $900k at best!
Posted by: Anonymous at November 7, 2006 3:10 PM
not for nothing...it's not the brokers putting the price on this. I know for a fact this sponsor insists on his own price so you can take the listing or not, he doesn't care...
Posted by: m at November 7, 2006 3:26 PM
This sponsor sounds like something of greed-stricken moron!
Posted by: Anonymous at November 7, 2006 4:12 PM
Who the heck is Rerun? I think the broker is gorgeous.
Posted by: Brenda from Flatbush at November 7, 2006 5:15 PM
http://www.cnn.com/2003/SHOWBIZ/TV/10/22/rerun.obit/
Thursday, October 23, 2003 Posted: 9:20 AM EDT (1320 GMT)
LOS ANGELES, California (CNN) -- Actor Fred Berry, best known as "Rerun" on the 1970s TV show "What's Happening!!", has died, his business manager said Wednesday. He was 52.
Posted by: Anonymous at November 7, 2006 5:23 PM
Time for me to be maintenance policy again -- this would be overpriced if it were in pristine condition. The exhorbitant maintenance is another slap in the face. I may be stretching here, but I don't think that apartment is worth half the asking price.
Posted by: pa at November 7, 2006 6:25 PM
that is why this listing is with this company and obviously "stupid" broker. notice how it is not with one of the "big boys"? no, "real" broker would list this apartment at that price no matter what the sponsor wants. you could get that entire house in ditmas park for 400K less! you could then put in a new kitchen, new baths etc etc.
this broker, hopefully, has a day job!
Posted by: Anonymous at November 7, 2006 6:26 PM
1.3 M for a fruggly black, bright yellow and rose colored bathroom. I want some of what they are smoking. And I want that optimistic person to write my job review and determine my bonus level. If they over inflate the worth of that craptastic place, just can't wait to see how much bonus they think I should get. ;)
Posted by: Anonymous at November 7, 2006 6:42 PM
"Hey, thanks everyone for coming over to my housewarming party! Awesome. Um, well, my million dollar fixer upper, that is."
Posted by: boo ya ka sha at November 8, 2006 12:24 AM
Yup. Nuts. Insane and funny. I would be very interested in following the trajectory of this mega deal. It will probably be rented for double the maintenance.
Posted by: donatella at November 8, 2006 10:21 AM
and it is precisly because of this "run" that I am tired of brownstoner. can't anyone have a "conversation" without all the insults and finger pointing??
Posted by: i at November 8, 2006 11:09 AM
I agree. People can critique a property (and this property does deserve a harsh critique) without being nasty and mean spirited which is simply immature and bitter. That said, critique is really helpful for all potential sellers and buyers, to see the "do's" and "dont's".
Posted by: Anonymous at November 8, 2006 11:29 AM
the owner doesn't lose anything by keeping it on until it sells. He has owned this and many other apartments for years. He will sit on this price until the market comes back up.
Posted by: Anonymous at November 8, 2006 6:20 PM
Even after the market recovers, $1.3 million is high. I just have to compare it to the same size condo on a prime Park Slope block, total gut renovation everything brand new, inside a brownstone building on a beautiful brownstone block, for $1.15 million I saw a couple months ago. This one just doesn't make sense.
Posted by: Anonymous at November 9, 2006 1:01 AM

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