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September 20, 2007
House of the Day: 1265 President Street Reduced
Timberrrrr! The asking price of the house at 1265 President Street continues to drop precipitously. The four three-story brick-and-limestone house in Crown Heights started its journey back in May on Craigslist praying for a miracle at $1,450,000. We called it "a bit aggressive" at the time; a commenter more astutely referred to it as "fantasyland." At some point this summer, Corcoran got the listing and tested the waters at $1,195,000. The result? Still no takers. So this week, in a sign of the times, the price was cut to $995,000. This'll be very interesting to watch. In this environment, given that the interiors lack the original detail of many of the houses in the area, this is hardly a lay-up even at two-thirds of the original price. Thoughts?
1265 President Street [Corcoran] GMAP P*Shark
House of the Day: 1265 President Street [Brownstoner]
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Comments
Is it just me or does the kitchen look crappy?
Posted by: slick at September 20, 2007 1:35 PM
you are correct- this is certainly no 'lay up'. this one is tricky given the location, the curb appeal, and the reno. also single family. i say $800k and it works- its gonna languish.
Posted by: guest at September 20, 2007 1:39 PM
Could they be anymore tacky by having the refrigerator outside of the outlined kitchen area? Sheesh!
Low ceilings too. 2010 value = $500K.
Posted by: guest at September 20, 2007 1:42 PM
This house is 5-10 minutes from the gardens and PP, if it is $500k in 2010 what is a lesser house in PS going to be (10 minutes away) in 2010?
Posted by: guest at September 20, 2007 1:55 PM
50 to 75 percent of comps.
Posted by: guest at September 20, 2007 2:02 PM
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson
Hello sheep. The Dumbasses that thought the rate cut will save them, take a look at the long end of the yield curve. Bondholder are smelling the stench of inflation. Foreign Central Banks are dumping their holdings as we speak.
Gold is soaring 741 per oz as we speak, The Dollar is taking a beating and consumer spending is flat.
If you are selling your house, lower that price NOW!
The What
Posted by: guest at September 20, 2007 2:12 PM
I think this will sell close to this price. This street is gorgeous and now the potential buyers just saved the mansion tax... looks like it could easily be converted to a 2-family with ground floor rental... $1M for this area has been the norm for the last two years
Posted by: guest at September 20, 2007 2:16 PM
the What is the smartest douchebag in Brooklyn.
Posted by: guest at September 20, 2007 2:17 PM
Thomas Jefferson=SLAVEOWNER
Posted by: guest at September 20, 2007 2:17 PM
Looks like it really does depend on the area.
I understand the the Berkeley Place townhouse in Park Slope that was discussed on here last week and went on the market 2 weeks ago for 3.4 million has sold.
Things are selling swiftly and for hefty price tags. Just not in the frings areas.
Posted by: guest at September 20, 2007 2:19 PM
there is a price where this would appeal to me despite the crappy kitchen. I just dont think we are there yet.
Posted by: slick at September 20, 2007 2:22 PM
"the What is the smartest douchebag in Brooklyn."
Why thank you.
The What
Posted by: guest at September 20, 2007 2:26 PM
why not place an offer instead of waiting for further price cuts, 2:22?
you never know...
Posted by: guest at September 20, 2007 2:30 PM
the yard is pretty awesome.
im going to walk over there tomorrow.
Posted by: guest at September 20, 2007 2:32 PM
Yes, but a very smart slave owner.
Posted by: guest at September 20, 2007 2:33 PM
Brownstoner, all I count are three stories.
Posted by: guest at September 20, 2007 2:34 PM
maybe there's a 4th floor under the roof with windows in the back.
that's my guess...
Posted by: guest at September 20, 2007 2:35 PM
Nope, even says three stories in the Corcoran listing.
Posted by: guest at September 20, 2007 2:36 PM
A pretty nice renovation, however it appears like they removed some supporting walls and I don't even see a supporting beam where the wall once was. Could be trouble down the line.
Posted by: guest at September 20, 2007 2:40 PM
Strange layout, with kitchen/dining sandwiched in between two floors with bedrooms. This house looks like the poor stepchild of the group. Do love the Spanish tile roofline. According to the floor plan, there are 4 stories. I think 2:25's guess about the fourth story under the roof is correct.
Posted by: guest at September 20, 2007 3:35 PM
Why doest The What, get a login.
Anyone can post as him
What's he afraid of?
Not The What
Posted by: guest at September 20, 2007 3:36 PM
Why don't you list cross streets?
Posted by: guest at September 20, 2007 3:48 PM
"Why doest The What, get a login.
Anyone can post as him
What's he afraid of?
Not The What"
Why?
The What
Posted by: guest at September 20, 2007 3:53 PM
giving so much lip service to the what is similar to america's obsession with paris hilton and britney.
it's absurd and really discouraging.
Posted by: guest at September 20, 2007 3:56 PM
Ok Bitches it's The What in pure form.
The real deal!
Posted by: The What at September 20, 2007 3:59 PM
One sheep at a time...
http://youtube.com/watch?v=-rLYph0J7vc
Posted by: guest at September 20, 2007 4:05 PM
Thomas Jefferson was so smart that he did not get caught with sleeping with his slave until 1998. What was with those "white" slaves/children he had at Monticello
Posted by: guest at September 20, 2007 4:09 PM
Yes, but a very smart slave owner.
That would be a contradiction, so therefore impossible.
Posted by: guest at September 20, 2007 4:28 PM
Why is smart slave owner a contradiction?
Non gettage
Posted by: guest at September 20, 2007 4:34 PM
2:33 likely believes particularly literate slave owners earn some sort of immunity.
Posted by: guest at September 20, 2007 4:34 PM
everyone owned slaves then.
he was neither smarter nor less smart than anyone now who pays $5 for a cup of coffee at starbucks.
everyone did it.
Posted by: guest at September 20, 2007 4:36 PM
The comments regarding slavery are offensive and speak to underlying racist sentiments,subconcious or otherwise, inherent in Brownstone Brooklyn. In fact, in most gentrified areas of Brownstone Brooklyn, brokers stear prospective buyers of color away from desirable locations and properties. Check yourselves people, and please, don't characterize slavery as some abstract notion that does not still impact the nation today.
Posted by: guest at September 20, 2007 5:19 PM
4:36 seems to think that every single person alive owned slaves "then," which is literally impossible. Just because everyone did it doesn't make it right. Enforced segregation was once the law in this country. Was that OK because "everyone did it?"
Posted by: guest at September 20, 2007 5:23 PM
So Jefferson has slaves. We don't have slavery today, but every single middle class American works 1/3 of his life to pay interest on personal (mortgage, student loan) debt as well as debt incurred by municipalities, states, and the federal government.
What is worse? Enslaving 10% of your population 100% or the time, or 100% of your population 33% of the time?
Wake up people - there is nowhere near enough money in the world to lend to every legal and government entity in this country. All the bankster class does is create money out of thin air, which then makes your own money less valuable, and lends it to you at interest! You are paying interest on money stolen from you.
Most people will always be slaves, that is the way things are and have always been since mankind first began to abandon the hunter gatherer lifestyle. Even then, you were subject to the whims of nature.
You are all slaves, and Thomas Jefferson did far more to free the world of the slave mindset than any self righteous hate whitey liberal.
Posted by: guest at September 20, 2007 5:40 PM
Thomas Jefferson was not just a slave owner but a defender of slave state interests when the Constitution was written. Since half the country and most of the Western World did not partake in slavery at the time, the "everyone was doing it" argument is about as naive as the What's comments. Thomas Jefferson did not trust banks because he was always in debt and lived beyond his means. He achieved his wealth from inheritance and almost spoiled most of it. But for the work of his slaves, he would have been broke. Thomas Jefferson is the type of person that would have taken out an ARM with a teaser rate, not a prophet foreseeing the problems of today. The What needs to spend some time on a Lyndon Larouche blog and leave reasonable people alone, or at least come up with a better quote.
Posted by: guest at September 20, 2007 5:48 PM
LOL...how did this turn into a conversation about Thomas Jefferson and his slaves? Now regarding the house...It is seriously over priced and to add insult to injury the house has no authentic details. They might get 900k for it but I won't buy it.
A Clinton Hill Lady
Posted by: guest at September 20, 2007 6:20 PM
Yes, but a very smart slave owner.
That would be a contradiction, so therefore impossible.
wrong.
Posted by: guest at September 20, 2007 6:42 PM
xenophobes
Posted by: guest at September 20, 2007 6:46 PM
"So Jefferson has slaves. We don't have slavery today, but every single middle class American works 1/3 of his life to pay interest on personal (mortgage, student loan) debt as well as debt incurred by municipalities, states, and the federal government.
What is worse? Enslaving 10% of your population 100% or the time, or 100% of your population 33% of the time?
Wake up people - there is nowhere near enough money in the world to lend to every legal and government entity in this country. All the bankster class does is create money out of thin air, which then makes your own money less valuable, and lends it to you at interest! You are paying interest on money stolen from you.
Most people will always be slaves, that is the way things are and have always been since mankind first began to abandon the hunter gatherer lifestyle. Even then, you were subject to the whims of nature.
You are all slaves, and Thomas Jefferson did far more to free the world of the slave mindset than any self righteous hate whitey liberal."
Well folks I don't want to get off track. the real issue is this bullshit called real estate. I will not use the TJ quote again.
Stick to the topics please. BTW I have a login now.
Plus I like this quote.
Posted by: The What at September 20, 2007 7:10 PM
none of you could carry TJ's jock, and don't you forget it.
Posted by: guest at September 20, 2007 8:32 PM
Why is smart slave owner a contradiction?
Non gettage
Think really really hard, okay.
Posted by: guest at September 21, 2007 12:13 PM
everyone owned slaves then.
he was neither smarter nor less smart than anyone now who pays $5 for a cup of coffee at starbucks.
everyone did it.
Everyone in Iraq can stone their women to death does that make it "very smart" or okay?
Next week everyone is jumpimg off of a bridge, see you then.
Posted by: guest at September 21, 2007 12:18 PM
5:40, if you believe the contemporary lifestyle is in ANY comparable to actual slavery and bondage, then you are very much mistaken. Try reading some actual slave narratives.
Posted by: guest at September 21, 2007 12:20 PM
You are all slaves, and Thomas Jefferson did far more to free the world of the slave mindset than any self righteous hate whitey liberal.
Posted by: guest at September 20, 2007 5:40 PM
Then come over to my house and work all day and let me whip your ass bloody and rape your wife and daughter in front of you.
Posted by: guest at September 21, 2007 12:21 PM
Who the hell is going to buy this place? Sure, sink all of you money into this place and then watch your investment dwindle to nothing after AY is completed.
Posted by: guest at September 21, 2007 1:28 PM
I've never seen a bigger bunch of fucking jack-offs than the collection on this board.
God Almighty, the ignorance is breathtaking.
Posted by: guest at September 21, 2007 9:23 PM
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