Residential Sales in Brooklyn

We have been actively looking in this neighbourhood, in this price range for the last 3 months and never knew this was on the market.

Did they go into contract a while ago and only just close now.

Anyone know?

Posted by: guest at September 10, 2007 11:29 AM

Is Windsor Terrace more desirable than Carroll Gardens to some people? houses with same square footage are going for less in CG and to me seems like a nicer and more convenient neighborhood? But maybe that's just because I don't care that much about Prospect Park...

Posted by: guest at September 10, 2007 11:44 AM

I have lived in Windsor Terrace most of my life and I can say that these are beautiful houses but seriously 1.37 mil - the house is barely 1300 sq feet attached, no driveway, small backyard.... who are these people that are spending this kind of money on a house this size we are talking nearly 1000$/sq foot....for windsor terrace.... no wonder I cant afford to move out of my parents house...

Posted by: guest at September 10, 2007 12:11 PM

I think they got a commitment on this in April -- it was in the NY Times (but no open house) just as we started hunting and were told it was off the market already. Must've took a long time to close.

Posted by: guest at September 10, 2007 12:11 PM

(no wonder I cant afford to move out of my parents house...)

As another neighborhood resident and homeowner, I agree this is insane -- and not a good thing.

Can't wait for the crash, so perhaps my own kids will be able to stay without living their whole lives in our house. Younger generations are going to have enough trouble dealing with prior generation's messes as it is.

Posted by: guest at September 10, 2007 12:22 PM

I looked at a house on this street in '94. All of the details were missing and they wanted $500k which was way too much back then. The houses on these two blocks behind the church have amazing street appeal, I'll give them that.

Posted by: guest at September 10, 2007 12:42 PM

I've often heard that many houses in WT never hit the open market but instead are sold to friends and families. Howard Pl and Fuller Pl have always been two of the most coveted streets in WT -- understandably, given how much curb appeal the houses have with their covered porches and front yards. Not defending the selling price (I, too, think it would be healthier for everyone if prices adjusted downwards) but that 1,300 sq ft comment isn't really accurate. These houses have big English basements -- at least 700 sq ft -- that most owners have turned into family rooms, workshop space, home offices etc.

Posted by: guest at September 10, 2007 1:20 PM

"I cant afford to move out of my parents house..."

Oh, *that* explains why that neighborhood is so lame.

Posted by: guest at September 10, 2007 1:44 PM

I'm not being snobby, just realistic, in saying if you can't afford to move out of your parent's house you wouldn't be able to afford this house even at its 1994 price of $500,000.

As long as you have your parents place to live in, spend your money on another degree, and aspire to earn more money. That's the only answer.

Posted by: guest at September 10, 2007 2:06 PM

"As long as you have your parents place to live in"

That's the lame part. For heaven's sake - grow up and move out. There *are* other answers. Renting an apartment like millions of other adults, for example.

Posted by: guest at September 10, 2007 2:30 PM

or...

move somewhere else in this gigantic country.

live alittle and stop being a bitch

Posted by: guest at September 10, 2007 2:40 PM

Ouch! Meanies in the house. Again. Right away with the bitch comment. That's like a knock out in the first round or is it a sucker punch?

Posted by: guest at September 10, 2007 2:49 PM

And in one corner we have a born and bred Windsor Terrace home girl ...... in the other - 3 type-A Park Slope moms. They are scheduled to square off in the Third Street playground sandpit. Oh right- it's raining. Maybe that's why the moms are blogging instead of verbally abusing some nanny. Oh, homegirl, have you considered becoming a full-time caregiver? That would get you out of your parents and into the home of a Park Slope type-A mom. Perfect!

Posted by: guest at September 10, 2007 3:00 PM

3:00 swings and misses.

Posted by: guest at September 10, 2007 3:34 PM

You're right. It's pretty dumb. I was just bored.

Posted by: guest at September 10, 2007 4:13 PM

"I'm not being snobby, just realistic, in saying if you can't afford to move out of your parent's house you wouldn't be able to afford this house even at its 1994 price of $500,000."
----
Yes, you are being snobby.
There is no way in hell this house was worth $500,000 in '94 or the price that some moron paid now.

Posted by: guest at September 10, 2007 5:11 PM

"There is no way in hell this house was worth $500,000 in '94 or the price that some moron paid now."

If someone paid $500,000 in '94 and 1.3 mil in 2007.

Hasn't the market deemed it worth the price?

Posted by: guest at September 10, 2007 5:27 PM

"The market" is a relative term...one very smart people and one irrational idiot deemed it worth the price...there's an important difference.

I'm waiting for the market to collapse too. I shudder at the thought of a Bay Ridge studio being the only thing I can afford and still live in the borough I grew up in.

Posted by: guest at September 10, 2007 7:22 PM

living where you grew up is...

laaaammmmeeeeeeee

Posted by: guest at September 10, 2007 8:18 PM

Yea, that guy who bought this house in 94 was a real moron. Im sure the poster living in his parents basement made equally wise investment choices while having a lovely home to spend the last 13 years.

Whose to say if the most recent buyer is making a wise move financially but I suspect its not his/her only motivation. Some people actually buy a home to live in. And this block is totally picturesque so I can see why a premium would be paid.

Posted by: guest at September 10, 2007 9:49 PM

everyone waiting for the market to collapse are the ones that are lame. thats what i thought would happen in the early 90's too- and it didn't. so don't be dissapointed when all you get is the 5-10% reduction and then in 5-10 years it starts going up even more. there's a lot of money to be made in this city if you set your mind to it. and then you can live in something you own too.

Posted by: guest at September 10, 2007 10:16 PM

To 2:06....
this is the born and bred windsor terrace girl....living with my parents (which was never a complaint btw)
I appreciate the advice to go back to school and get a degree but i would just like to say that even us making close to 6 figures are STILL not able to afford to buy here...(at least I dont feel comfortable buying)

And the sad part is that this neighborhood has always been many generations of middle class famlies alot of FDNY, NYPD, City Teachers etc.... I am fairly certain that the current salaries of these multi generational WT Residents is not going to allow them to remain....
AND in come the yuppies buying up house thinking that they are getting good deals..... it just blows my mind.

Posted by: guest at September 10, 2007 10:38 PM

What blows my mind is the concept of somebody making "close to 6 figures" who stills lives with their parents.

Posted by: guest at September 10, 2007 10:57 PM

im so sorry for all of you that think living with your parents would be such a terrible thing... good thing you all have so much extra money maybe you can bring it up at your next appointment with your shrink.

Posted by: guest at September 10, 2007 11:02 PM

my gf and I make less than $80,000 combined and we do not live in either of our parents houses. We don't even live in the same state as our parents.

sounds like you have some serious issues. I had an uncle like you who everyone made fun of.

get out and experience the world, its a big place and you might find somewhere more enjoyable than Windsor Terrace. Im sure it wont be too hard.

Posted by: guest at September 11, 2007 8:06 AM

just reading these comments = humors me.

who cares if she still lives at her parents house. at least she is not drowning in mortgage payments and rent payments especially in NY- she is experiencing life in other avenues - extra money to do things and buy what she wants etc. or save money etc.

Posted by: guest at September 11, 2007 10:18 AM

just reading these comments = humors me.

who cares if she still lives at her parents house. at least she is not drowning in mortgage payments and rent payments especially in NY- she is experiencing life in other avenues - extra money to do things and buy what she wants etc. or save money etc.

Posted by: guest at September 11, 2007 10:18 AM

Leave the homegirl ALONE. There's nothing wrong with more than one generation under a roof, in some circles, that's called A FAMILY. Furthermore, Mr. My-GF-and-I-make-less-than-$80k, where do you live? Own or rent? If you own, where did the downpayment come from? There's also nothing lame about living in your hometown if your hometown is NYC. Homegirl, I feel you, it's ridiculous that someone making six figures can't buy here. Save your money, enjoy your neighborhood, enjoy your parents while they're here, travel and see the rest of the world while you're at it (Brooklyn rocks but there's a lot of world out there) and enjoy your inheritance of a great house one day. Good on ya.

Posted by: guest at September 11, 2007 2:13 PM

hmmmm

my parents kicked me out of the house when I graduated.

I thank them for it

Posted by: guest at September 11, 2007 4:51 PM

these houses didn't cost anywhere near $500,000 in 1994 - more like less than half that.

Posted by: guest at May 1, 2008 10:50 PM