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December 28, 2007
Condo of the Day: 76 Jefferson Street
This $725,000 penthouse listing has the BushwickBK blog seriously worked up:
Earth to developers: if high-priced nice condos didn’t sell in Bushwick at the tail end of the real estate boom, crappy condos are not going to sell for even higher prices in a relative real estate bust. Sure, they did a decent job on this previously rickety frame building, adding another floor so it made financial sense and even preserving (if painting rather hideously) the original front doors. Oh, are we letting the faux-saltillo tile — yes, they were so cheap that they used thin ceramic tile colored red-orange — slide? I don’t think we should, it’s nasty, and they paved the whole front area and the stoop with it. All this could be forgiven if the apartments were $200,000 one-bedrooms. But instead we got a “luxury penthouse duplex” with 2 bedrooms, two baths, and an office. Admitted pluses are the awesome city view and huge roof terrace… This shit shack will not sell for this price or any price they will drop it to in the near future.
Hard to argue with the logic of this one.
Bushwick’s $725,000 Condominium [BushwickBK] GMAP
$725,000 Penthouse Condo [Craigslist]
Photo from BushwickBK.
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Comments
I say this sells for $300K a year and a half from now.
Posted by: guest at December 28, 2007 11:26 AM
Why why why you posting this bullshit Brownie!!! HuH!!!! What bank is going to loan a asshat in this!!! We need a mortgage calculator on this site. Pronto!!!! BTW Lookie at new home sales, they are in the toilet!
U.S. Economy: Sales of New Homes Tumble 9% to 12-Year Low
http://www.bloomberg.com/apps/news?pid=20601087&sid=a07XiAPBo7SY&refer=home
The What
Someday this war is gonna end....
Posted by: guest at December 28, 2007 12:24 PM
Lookie at new home sales, they are in the toilet!
Jesus you need medication. No amount of exclamation points will ever change that fact. Maybe you have no money for a condo b/c you spend half your life on the brownstoner.
Get a life.....
Posted by: guest at December 28, 2007 12:36 PM
Please Kids...let's have some holiday cheer and generous thoughts.
TGL
Posted by: guest at December 28, 2007 12:49 PM
brownstoner, i agree on the need for a mortgage calculator - find a sponsor for one
Posted by: guest at December 28, 2007 12:50 PM
I say it goes for $250k 2 yrs from now.
Posted by: guest at December 28, 2007 1:00 PM
It's generous to say this will ever sell for any price.
Posted by: guest at December 28, 2007 1:25 PM
It's beer o'clock and I'm buyin'!!!!!!!!!
Posted by: guest at December 28, 2007 1:45 PM
Sheesh - for all the arguing that goes on this blog about the value of a piece of property, I would think more of you would know how to do a basic mortgage calculation. Especially The What given his keen acumen of finances. Just go get yourself an HP. It takes only 3 inputs. If you’re too financially constrained (cheap) to buy a calculator, since its apparent that you have a computer if you are reading this, open up XL and learn how to use the pmt function. Just type =pmt and fill in the values it asks for.
Posted by: guest at December 28, 2007 2:09 PM
this is not that bad. it's a decent condo. someone may like it and make an offer.
big deal.
Posted by: guest at December 28, 2007 3:53 PM
You'd have to be The What's cardiologist to afford this much coin for this joint in the 'shwick.
Posted by: Rehab at December 28, 2007 5:20 PM
They must be smoking crack!!!
Posted by: guest at March 4, 2008 4:38 PM
Currently being offered at 465K:
http://www.postlets.com/res/555838
As an aside, it truly astounds me that someone let a moron write the copy for that listing. What the hell is "up incoming"?
>>>76 Jefferson Street is located in East Williamsburg/Bushwick, Brooklyn in the trendy, up incoming East Williamsburg area.
Posted by: guest at May 10, 2008 9:37 AM
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