House of the Day: 316 Maple Street

At last, Brownstoner admitting that a house is wildly over-priced! Why does this not happen more often? Sometimes I feel this site is just meant to fan the flames (or should I say the embers now?) of the NYC real estate market. Is this concession to reality a harbinger of 2008 and beyond?

it still bogges my mind that an area like this...no matter how nice the house could fetch 900K.

this is literally in the ghetto.

i wonder if the sketchy parts of oakland, california (which i liken to this area of brooklyn) fetches 900K for a house.

"Is this concession to reality a harbinger of 2008 and beyond?"

No.

PLG is not the ghetto, 1:33. Jeepers. Have you ever BEEN to a ghetto? Then shush. Besides, you're just giving in to what Brownstoner wants of you which is to provoke a ton of comments. Two threads in a row with a PLG house on it! Really going for those increased hits. Traffic on the site must get slow over the holidays, huh? Gotta please those advertisers.

We live in LM. This is not LM, but it is an okay block that is changing. This would sell for $850,000 to $900,000. It's vastly overpriced. Interesting how these rinky dink realty companies like Century 21 and Remax who never rep houses in brownstone Brooklyn usually, are so clueless about pricing. How do the homeowners not know better? My theory is there's flawed logic in these realtors who offer a really low commission to naive homeowners just to get the listing, then price the house super high in order to make more money despite the low commission they're getting. One problem they're not thinking about - the fact they won't sell the house.

The price is ridiculous for this location and I love PLG.
Maybe 800K, if it's as nice inside as advertised.
Even that is a stretch for being on the wrong side of Nostrand Ave.
It says nothing about the market, plenty about a delusional seller and/or crappy no name agent.

I hate the holidays--nothing on the market. This house and price suck.

I attempted to find this listing on the Remax site and didn't (go figure) but saw they do have a limestone in PLG listed for $1,095,000. And though it doesn't say where it is, it looks like the Maple Street Lefferts Manor house that was listed for $1.3 million previously. If so, that's a good thing they lowered the price and it's totally worth that price to be on "Maple II" of LM. The bench in front is the same and it really looks like Maple II, so yeah, I think it's the previously priced $1.3 with a more realistic price on it now.

speaking of overpriced.... just saw an open house on union between BQE and henry last weekend.. the whole building was redone ...all the 2 bedrooms were 1.2 million.. and it is next to the police building, and redone horribly... anyone else check those out? i think at most they were worth 775 .. but 1.2 million ? COME ON!

Everything is overpriced. Including my apartment. We all know that. Its just a matter of the market. And the market economy says that prices are what the market will bear. And we're seeing them bear bullish prices.

So why bother complaining about it!

Do we think the forthcoming stagflation will affect prices?

Do we think the forthcoming stagflation will affect prices?

Nope.

NYC is such a weird market because people keep coming here. Which means a demand for housing, no matter what's going on in the economy. Don't know what that'll mean but it's a plain fact.

I worry more about infrastructure in NYC affecting the city economy and home values than I do the national economy. Like the fact they need to fix the steam pipes and bridges and subway tunnels and sewers so the flooding doesn't keep happening, stuff like that. I worry these recent Republican and Independent mayors only were able to balance the budget as they like to brag about, because they didn't spend enough to renovate and improve infrastructure.

NYC is a housing market of its own.

The worst thing about these small brokers is they never have their own website, so they list with the Remax website which is just a really lame listing service with badly functioning search engines, and there are NO details or interior pictures or maps or floorplans for the properties listed. It's not even hard to have a website these days, so there's no excuse for not being able to offer any marketing online for your clients.

These homeowners would do way better simply doing FSBO and listing the house at a realstic price on Craigslist and doing open houses every other Sunday for a month or two. That's how little these small brokers have to offer them.

I don't get it. This is 1 or 2 blocks out of LM proper. If this will have such a hard time getting this price, or even $900,000 then it does not give me much confidence in the LM market in general.

This is the most absurd asking price I've seen in a long, long time. This house would have to be in a much better neighborhood before this kind of figure would be even marginally justified. Ridiculous.

2:50, location, location.
Those 2 blocks mean plenty.
You're that much further from the park and garden and Q subway stop.
Nobody moving down from Park Slope wants to be out by Nostrand, but they'll pay plenty extra to be on the best blocks.
That's why this listing is such a joke, whether you like Lefferts or not.

Why isn't posting on the open house picks story working?

Mr B., the comments for OPEN HOUSE PICKS update is not working.

"Nobody moving down from Park Slope wants to be out by Nostrand"

Well that's good because we don't want anybody moving down form Park Slope.

Yeah, Mr. B, what's up with the comments being disabled? I got a lot to say about Corcoran being a bunch of crooks who try to inflate the market by lying.

Hey 3:07, I'm with you!
Just explaining why the prices are lower as you get far away from Flatbush in PLG.
Doesn't make it right. . .just the way it is

if you don't want people from park slope moving to plg, then you will have a lot of empty houses sitting on the market a while.

no one else around seems to want them.

% of people who move to park slope from manhattan: 80%

% of people who move to plg from manhattan: 1%

so you better hope people from park slope and other areas of brooklyn stay interested in buying in plg.

I find the asking price to be astounding. I mean, come on...for this place, in THIS area??? The RE broker was hitting the pipe this time.

People like 3:19 come on here and post total lies. Morons. What is about PLG's inreased popularity that makes you feel so threatened?

50% of the new homeowners on our block of Lefferts Manor came here from Manhattan.

Nobody who spends a million dolars on real estate does so without asking people who actually live in a neighborhood what it's like there. So people like 3:19 are performing a futile task. Except to entertain fellow bitter renters.

As I said earlier in this thread, whenever Brownstoner needs to drive his traffic up he creates a PLG thread. Gee, wonder where the hate-posts came from when it was a perfectly civil conversation going on. A conversation in which everyone, even those living in PLG, agreed this house is priced too high. The open houses in PLG are flooded with people from Park Slope and Manhattan. Some properties are proving to be priced too high, as we see in EVERY neighborhood in Brooklyn coming out of the bubble with sellers still in a bit of denial, but that doesn't mean nobody wants to live in PLG. Some need to take their high school logic class again, because they don't seem to have retained anything.

It's only 4, that's right four blocks from the Park, but it's a world away.

It gives me comfort to know that White and Proud in PLG is cleaning up the neighborhood. Before White and Proud came along we were all smoking crack, hitting the bottle, and robbing every chance we got.

Kinda like I think a lot of people are going to be leaving Crown Heights because as was shown in the NY Times article from a few weeks ago...the boutiques aren't opening up fast enough for the white folk.

I'm not sure what exactly these people expected when they moved into the fringe areas.

They certainly don't seem to be doing much themselves to improve the area.

Unless they consider bitching about it, doing something.

I don't think it's worth addressing WPPLG because it's just someone trying to provoke people. It's a fake identity.

White and Proud in PLG why don't get your white ass back to Park Slope.

Park Slope?!! Try " White And Broke In PLG"