House of the Day: 98 Lafayette Avenue

That's why this house has been on the market for a while. People get greedy and think their house is the shit. FYI: there was a lis pendens on this property about a month ago (not sure if it still stands) so any interested buyers might be able to negotiate for much lower than asking.

Posted by: guest at October 18, 2007 1:32 PM

The garage/driveway is the only selling point for this house. However, it's a tradeoff since there is NO garden at all. I walked by to check it out a while back when it first came on the market.

Posted by: guest at October 18, 2007 1:41 PM

You beat me to it Putnamdenizen. Thank you!

Posted by: guest at October 18, 2007 1:42 PM

Hey, that's right accross the street from the big apartment build (99 Lafayette) that I lived in years ago.

Posted by: guest at October 18, 2007 1:45 PM

Isn't this a better deal for a Lafayette Avenue house?

http://realestate.nytimes.com/sales/detail/44-1075582

Posted by: guest at October 18, 2007 1:54 PM

of only every home can be as beautiful as my brownstone

alas the world is a sad place

Posted by: guest at October 18, 2007 2:30 PM

This is a joke.

Posted by: guest at October 18, 2007 2:35 PM

I don't understand why brokers are so blind to comps. Are they just so deluded that they think potential buyers won't do their research?

Posted by: guest at October 18, 2007 2:38 PM

they have an offer.

Posted by: guest at October 18, 2007 2:47 PM

Ah... the inevitable "they have an offer" comment.

Posted by: guest at October 18, 2007 2:55 PM

Kathryn lilly is completely an idiot!

Posted by: guest at October 18, 2007 3:42 PM

Right. "They have an offer."

From me

$1.0M

Posted by: guest at October 18, 2007 3:43 PM

I looked at this house and the asking price seemed ridiculas to me. The house is 35 feet deep with no extension and no yard. And to the poster who said you could get $2500 a month -- no way, at least not yet. That being said, I couldnt believe my ears when people were commenting on how nice the place was, how big the bathroom was etc. The lafayatte house up the block is way nicer and over $300k cheaper.

Posted by: guest at October 18, 2007 4:20 PM

How long before we hear that they've got multiple offers?

It's going to be a bidding war, I'm sure.

Posted by: guest at October 18, 2007 4:51 PM

It has offers.

They are looking for a back up.

Posted by: guest at October 18, 2007 5:24 PM

Even if this place has an offer (doubtful), all that means is that there are 1 or 2 blind buyers out there. My husband and I have been watching the brownstone market very closely in the past few months and although a few places here and there will move for their ridiculous prices, there are many others which have no takers and eventually start cutting their prices. I don't think it's a bad strategy for a broker to price high to begin with, b/c hey - you never know. There ARE some irrational buyers out there who WILL pay this kind of money. Places sitting for a long time and not moving is becoming more and more the norm so unless there is an urgency to sell, it doesn't hurt the seller terribly much to mark their property at a high price initially and then eventually bring it down as needed.

It's a confusing market out there right now- buyers are paying top dollar still and other buyers are getting real bargains and still other buyers are waiting it out b/c they are jittery about the market.

Regardless, this price for this place is ridiculous.

Posted by: guest at October 18, 2007 5:35 PM

Buy in Bed-Stuy!

Posted by: guest at October 18, 2007 8:08 PM

Q: How can you tell if a broker's lying?

A: Her asshole opens up.

Posted by: guest at October 18, 2007 10:23 PM

Fort Greene is interesting price-wise when compare the types of houses we just saw come on the market last week on Lincoln Place in Park Slope. I think the N. Slope is similar to the beauty of Fort Greene. And Fort Greene offers a much better commute to Manhattan. So for around $2.6m you could get 4 stories of a nice brownstone/townhouse in either location. And no I don't work for or with Ms. Lily. Just trying to imagine how buyers that are new to Brooklyn would be looking at this house and others in the Slope. Some people prefer FG and others prefer the Slope. Same price point these days.

Posted by: guest at October 19, 2007 8:07 AM

Not sure I agree with 8:07 am - I think if this was in the slope it would get more than $1000 / sf. And if it was in the heights it would get $1200 / sf. Yes it probably needs about $500k in work to make it a great one family (blind estimate - just a guess really) but as a casual observer of townhouse pricing in caroll gardens, the heights, cobble hill, the slope and Fort Greene this looks like it will sell at at least $2.5 What does a 3600 square foot - 20 foot wide sell for in Fort Greene if it was a one family ready to move into? I like the jackass that said $1M - what a (explicative deleted) perpetual renter.

Posted by: guest at October 19, 2007 10:39 AM

I like the broker who said $2.5M, $1,000/sf in the slop and $1,200/sf in BH.

What a perpetual broker idiot.

By the way, that would be "expletive deleted" not "explicative deleted". Laughable.

A message to all you folks thinking about becoming a real estate broker: literacy is not a requirement.

Posted by: guest at October 19, 2007 12:02 PM

12:02, 10:39 is not illiterate. She's ignorant.

Other than that I completely agree.

Posted by: guest at October 19, 2007 1:03 PM

Agree with October 18, 2007 5:35 PM. It's the buyers who generate these asking prices. Hate on them. The brokers are doing what you and I would do - getting that paper.

The majority of buyers out there only believe The Times and the 6:00PM news. When these media cry, "the sky is falling", only then will they reverse course. OMG! Gotta go! The DOW's down -221!

Posted by: guest at October 19, 2007 1:29 PM