Great Light and Views on Wolcott

So let me get this straight...

- This house has been languishing on the market for over a year at about $1MM.

- This other house (with twice the space, roof deck with view, a parking space and playground, and slightly nicer finishes than Friday's POS) has been on the market for more than 2 years at $850K:
http://tinyurl.com/2lak7c
pics:
http://tinyurl.com/2kapwf

...and someone (see Friday POS) thinks they can get $1.8MM for another new inexpensive POS there?

Don't they notice that the comparable quality/property $1.1Ms and $850ks already there are taking years to sell at those prices?

Wtf is wrong with these people.

Posted by: Anonymous at February 26, 2007 10:48 AM

Hah, yes kitten, that's another Red Hook comparable for under $900k that's been stuck on the market for about 2 years.

Want another?

This one's been on the market for over 2 years at $835k:
http://tinyurl.com/yurewx

Just like Friday's POS, the one linked above is 25ft wide and has its own parking. For well under HALF Friday's POS, and it's still on the market after 2 years of no interest.

There was also another 3-story brick building on Dikeman just off Van Brunt (across from new Guido condo development) that Fillmore had listed for about $1.5 yrs at or just under $900k...I don't think that one ever sold either.

Moral of the story: despite what all these brokers are trying to tell people, only the truly exceptional properties (on Coffey etc or more realistically-priced properties in Red Hook ever actually sell.

Most languish on the market forever, and at ridiculous prices (else they'd be sold, right?)

Posted by: Anonymous at February 26, 2007 11:59 AM

Whoops. Misplaced a $ sign. And the 25ft wide renovated $835k linked above doesn't have its own parking, my bad.

On the bright side, parking there is easy, there are always spots, given the lack of dwellings density.

Posted by: Anonymous at February 26, 2007 12:03 PM

The windows are a dead giveaway.

Posted by: Anonymous at February 26, 2007 1:54 PM

How long is the commute to midtown from Red Hook?

Posted by: Anonymous at February 26, 2007 7:12 PM

Here is one potential route:

1. B61 in Red Hook to Jay Street F Train
a. wait ~5 min for bus (minimal)
b. ride bus for 15 minutes
= 20 minutes

2.) J Street F Train to 42nd Street
a. wait ~5 min for train (minimal)
b. ride train for 30 minutes
= 35 minutes

TOTAL = 55 minutes
(not door-to-door, just from RH bus stop to 42nd St & 6th Ave F subway station)

Add more for bus or subway traffic or delays, which happen.

Posted by: Anonymous at February 26, 2007 7:31 PM

Lemme revise that...

You might be able to do the train ride from Jay Street to 42nd Street in 20 minutes, not 30.

So, knock 10 minutes off the 55 minutes and call it 45 minutes from initial bus station to final train station (and however many other minutes are needed walking to/from those).

Notes: the same commute from Cobble Hill, or Brooklyn Heights would be more like 25 minutes total, since there's no bus involved. Add 5 minutes to that if from Park Slope or western Prospect Heights or Fort Greene or Clinton Hill (30 minutes total).

Those neighborhoods (and others) are simply MUCH much closer to major subways and are seemingly infinitely more convenient from a time perspective (especially those close to express lines).

Posted by: Anonymous at February 26, 2007 8:03 PM