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February 27, 2008
Foreclosures of the Week: Co-op Edition
A couple nice co-ops are on the foreclosure block this week. First up, Apartment 12E in one of the Clinton Hill Co-ops at 200 Waverly Avenue. Apartment 12E (which we assume is a one-bedroom) sold for $345,000 last April and the current lien is just $161,312. Over in Kensington, Apartment 7J, which has a lien of $131,456 against it, will also be going up for auction. Both properties will be auctioned at 360 Adams Street, 2nd floor, at 3 p.m. tomorrow. Purchasers must put down a 10% deposit with their winning bid.
200 Waverly Avenue [PropertyShark] GMAP
495 East 7th Street [PropertyShark] GMAP
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Comments
unit 12E in the clinton hill coops (#193 clinton avenue, not 200 waverly) is already in contract for $265,000 and has been for a couple of months now. as a resident of the building (in the same line but on a lower floor) i can tell you this was a very fast sale with maybe one open house. too bad it seems to have gone for only $265,000 as this is going to bring down the comps in the building which had gone north of $350,000 for one bedrooms. guess we better hang in and wait for this mess to pass.
Posted by: guest at February 27, 2008 12:13 PM
"guess we better hang in and wait for this mess to pass."
In 20 years! LMMFAO
I bet they refied (or refried) the shit out of that Co-Op! I'm willing to bet plenty of people in your Co-Op is in trouble. Refi madness they call it!!
The What
Someday this war is gonna end..
Posted by: guest at February 27, 2008 12:21 PM
The What,
Not a lot of people in my coop are in trouble in fact, there are remarkably few foreclosures other than this one example. And by the way, please pick up some proper english lessons in your copious amount of free time.
Posted by: guest at February 27, 2008 12:26 PM
What is the best source for finding out about auctions etc for foreclosures?
Posted by: guest at February 27, 2008 12:32 PM
"The What,
Not a lot of people in my coop are in trouble in fact, there are remarkably few foreclosures other than this one example. And by the way, please pick up some proper english lessons in your copious amount of free time."
Thats what you think! Yo fucknozzle, go down you your management office and take a look. I remembered those Co-ops was going for 85k in 2004. With that run-up people started to refi like mad (My office did plenty of them). Sad, you live there and don't know what's going on. BTW my command of the English language is getting my point across. That whole complex is in refi hell and the debt bomb is ticking!
The What
Someday this war is gonna end...
Posted by: guest at February 27, 2008 12:52 PM
"What is the best source for finding out about auctions etc for foreclosures?"
When people start burning down their houses for insurance money. LMMFAO!!!
The What
Someday this war is gonna end....
Posted by: guest at February 27, 2008 12:53 PM
i'm going to co-sign what The What said about "proper english lessons." this is the comment section in a blog, not a high school english class (where u might get extra points for using "copious").
U might not agree with his opinion, but u know what he's saying.....
Posted by: guest at February 27, 2008 1:00 PM
So The What says above, "I remembered those Co-ops was going for 85k in 2004. With that run-up people started to refi like mad (My office did plenty of them)."
Tell us, do you work as an assistant to a Dime Savings Bank loan officer? Or is your career as office manager for a mortgage broker? Just wondering, since your financial analysis is such a bizarre mix of the well-informed and the completely asinine.
Posted by: guest at February 27, 2008 1:05 PM
The What -
Are you even a property owner? I have been reading your belligerent comments on here for some time now and want to know what makes you such an expert on all things real estate? If you are not an owner, please keep you infantile comments to yourself and go find a "renters blog" somewhere. If you are an owner, you must be "LMFAO" at yourself too because none of us, unless you own at 15 Central Park West which I suspect you do not, are able to avoid the current housing downturn.
Posted by: guest at February 27, 2008 1:07 PM
apart from when his English makes him incomprehensible.
Posted by: guest at February 27, 2008 1:11 PM
As obnoxious as the What is, I have to say I find it hillarious when you get an intelligent well written post by someone like 12:13 followed by the What's "Thats what you think! Yo fucknozzle..." This website was soooo boring without him a few weeks back.
Posted by: Brooklynnative at February 27, 2008 1:13 PM
Actually, The What is losing his edge. Three postings and not one "Asshat" or "Fucktard", although he did grace us with a "fucknozzle". He's a master debater, less the "de".
I knew I would find him drooling over a topic with "Foreclosure" in the heading...I think Brownstoner did it to provoke him; like shining a light on a cockroach.
Posted by: Biff Champion at February 27, 2008 1:22 PM
I'm a Licensed Real Estate Broker, Certification in loan processing and Certification in Building Management.
Last and not lease, yes I own a house. Plus have some land down south. Now what!!! My Enggelih is nok goood Huh??!!
People kill me. You can't see America is in some serious trouble but, You what to Ad hominem The What to death. Open your eyes asshole!
Take a look at the current crisis!
Side-note: You notice the streets are empty after 7:00 PM. People are getting squeezed by this inflation and credit crunch bullshit. People don't have money to pay for gas. Food is you and they can't service their debts. that''s way I do what I do. Now go fuck yourself you ignorant asshole.
The What
Someday this war is gonna end...
Posted by: guest at February 27, 2008 1:24 PM
Biff,
LOL - you have hit the proverbial (hope that word is not too big to use here) nail on the head.
Posted by: guest at February 27, 2008 1:26 PM
By "land down south" I think the What is referring to the rock from which he emerges each day.
Posted by: Biff Champion at February 27, 2008 1:26 PM
Being the Head Prophet of Doom is probably a busy occupation, but the What enjoys it way too much. Even if he is right, real people and their very real finances are on the line. How 'bout less gleeful, manic joy over people losing their homes, and more advice on what to do, since he obviously has been a part of the real estate/financial industry?
If all you're going to do is crow over it, then you have as much validity (and respect)as any nut with a sandwich board and bell heralding the End.
Posted by: guest at February 27, 2008 1:29 PM
Once again The What has proven himself to be less than educated? own property in the south.hmmmmmmm, that makes you a bubba redneck.
"I'm a Licensed Real Estate Broker, Certification in loan processing and Certification in Building Management." - And what stellar customer service you must bring to all your trades with the mastery of the English language you possess.....
My eyes are quite open my friend - and by the way, most real city dwellers don't own cars so we don't have to worry about gas.......
Finally, really don't care about the current state of affairs really since I am not selling my Clinton Hill Coop any time soon (prices will go up again) and my profession affords me a huge salary so I don't have to worry about where my next meal is coming from than you very much.
Now climb back into your hole as the flashlight has been directed at you you bitter little cockroach.
I'm done.
Posted by: guest at February 27, 2008 1:35 PM
Biff Champion??? Biff Champion????? Biff Champion???? How unimaginative a name is that. HUH Biff!!!!!!
I will give you a new one (very big of me). DruM roll...........
Your new name is BITCH!! Yes I like that. And for now on I will reply to in such a manner. Goodbye BITCH!!!
The What
Someday this war is gonna end...
Posted by: guest at February 27, 2008 1:39 PM
"Once again The What has proven himself to be less than educated? own property in the south.hmmmmmmm, that makes you a bubba redneck."
Ah the race thing. I'm a recovering African American.
"My eyes are quite open my friend - and by the way, most real city dwellers don't own cars so we don't have to worry about gas......."
You can't afford one.
"Finally, really don't care about the current state of affairs really since I am not selling my Clinton Hill Coop any time soon (prices will go up again)"
2025
"my profession affords me a huge salary so I don't have to worry about where my next meal is coming from than you very much."
Nope nope! Sucking cocks in the Port Authority bathroom is not a profession.
"Now climb back into your hole as the flashlight has been directed at you you bitter little cockroack"
They are using the flashlight to look for pliles up your ass. Severe ass banging!
The What
Someday this war is gonna end...
Posted by: guest at February 27, 2008 1:45 PM
Biff, The What would lose his edge if he were to just endlessly repeat the same old, same old, Asshat etc. No, he's still offering up fresh profanties like Fucknozzle and pissing everyone off. Mr. B should put him on the payroll.
Posted by: Brooklynnative at February 27, 2008 1:53 PM
Brooklynnative, The What is definitely losing his edge. The best he could come up with for me is "Bitch"? I think he's been watching too many Dynasty reruns. But I give him credit for being able to spell the word; I definitely would have bet against that happening!
Posted by: Biff Champion at February 27, 2008 2:12 PM
"I'm a recovering African American"
Well put. keep banging!
Posted by: guest at February 27, 2008 2:19 PM
Yep, keep banging - your head against the wall, that is.
Posted by: Biff Champion at February 27, 2008 2:21 PM
Three hours after the original post, there have been two posts about the topic and 22 (counting this one) by, about or in response to the tWhat. The quest at one-pee-em states, "U might not agree with his opinion, but u know what he's saying....." Actually, I don't know what he's saying cause I generally don't read any of this stuff.
Posted by: guest at February 27, 2008 2:33 PM
Hey 1:35. If your salary is so huge, why not buy a real house instead of a co-op?
Posted by: guest at February 27, 2008 2:39 PM
I remember when those building were projects
Posted by: guest at February 27, 2008 2:42 PM
2:39 - I choose to live in a coop because I don't have the time, or patience, to deal with a blown water heater or a leaky roof which is why I choose coop ownership. And it allows me to take the vacations to Europe, Tahiti and world cruises as often as I want.
2:42 - these buildings were never projects, they were built to house Navy personnel when the Brooklyn Navy Yard was active. They were never NYCHA residences like Walt Whitman or Ingersoll.
Posted by: guest at February 27, 2008 2:51 PM
They still are projects. Only now they are filled with suckers willing to" buy in" to be there.
Posted by: guest at February 27, 2008 2:52 PM
I'm so jealous 2:51 we own several townhouses and can never take a vacation. What am I doing wrong?
Posted by: guest at February 27, 2008 3:07 PM
Really 2:39. How many leaky roofs and water heaters do you think that we brownstone owners have to deal with? How much time would it take to make a phone call if you did need work done? You end up spending more in maintenance charges over a year than a good owner of a well cared for brownstone does. Oh, and I still have plenty of time and mony for travel.
Posted by: guest at February 27, 2008 3:09 PM
In tonight's project meeting I meant co-op we will be discussing pissy stairways, and broken elevators. Are the issues related?
Posted by: guest at February 27, 2008 3:30 PM
Stop knocking chaoc, its a great complex to live in. Gritty enough for the locals, nice enough for the newbies. Maybe even The What would like it there. He would get to keep it real, whilst also getting fresh direct delivered.
Havent heard anything about forclosures in them either. let me know, I'll get some friends to buy in.
Posted by: guest at February 27, 2008 3:31 PM
I really hate those Clinton Hill co-ops. Although the spaces inside are quite large, they are so aesthetically ugly and structually the same as the projects. Some of the characters who hang outside of them too seem questionable.
-sg.
Posted by: guest at February 27, 2008 3:53 PM
"How unimaginative a name is that. HUH Biff!!!!!! '
Hey What, you named yourself after a pronoun.
Big list to pick from...
Posted by: guest at February 27, 2008 3:59 PM
"And it allows me to take the vacations to Europe, Tahiti and world cruises as often as I want."
Are you that guy from yesterday who makes $200k and is in the arts?
Posted by: guest at February 27, 2008 4:01 PM
So what if they are "structurally the same as the projects?" They are NOT the projects, and never were. Most of the apartment complexes built in this entire city between 1940 and 1970 look like this, in all boroughs, and people have lined up to get apts. Stuy Town, Peter Cooper Village, and on and on. I agree they don't win design awards, but they are spacious, and for the most part, affordable, and meet the needs of middle class families.
"Questionable characters" is usually code for young black or Hispanic men, or middle aged black and Hispanic men. What you do is walk past them, nod or say hello, and go about your business. They are "questionable" only because you make them so.
Posted by: guest at February 27, 2008 4:04 PM
Thank you 4:04. To many us those "questionable characters" are otherwise known as our friendly neighbors.
I live in chaoc. Nope they don't look so great from the outside but I do have a large apartment with big windows and great views. I get to live in a nice neighborhood at a great price. Sorry if its not up to your standards. And ya I enjoy looking at all of your brownstones sorry you have to look at my eye sore, cue the violins...
Posted by: guest at February 27, 2008 4:11 PM
4:01 -
no i am not in the arts, i am a lawyer and i make way more than $200k thank you very much.
Posted by: guest at February 27, 2008 4:17 PM
4:17 PM
But you take "world cruises"
So you're around 70.
Posted by: guest at February 27, 2008 4:26 PM
The What is hilarious! I love fucknozzle. Very clever. Oh and that guys co-op on lafayette is not going to go up in value for a long time like The What said. He or she should have bought a condo if he or she make so much money.
Posted by: guest at February 27, 2008 5:14 PM
yeah, what him say!
Posted by: guest at February 27, 2008 5:21 PM
"fucknozzle"
ROTFLMMAO!!! Can't get enough of this guy. Brownstoner wouldn't be what it is without him. Brownstoner, please do provide an illustrated glossary for his terminology in sidebar format.
Posted by: guest at February 27, 2008 5:39 PM
"...like shining a light on a cockroach."
LOL. Thanks, 1:22. F*** Russell Simmons.
Posted by: guest at February 27, 2008 5:42 PM
Hey co-op guy.You must be a pretty dumb lawyer. Any attorney worth his salt would know that it is much better to own a brownstone, townhouse or even ,if you must a condo.Not a co-op. Also,people who make way over 200k don't bragg about it, and our vacations are far more interesting as well.A truly well off person can spot a phony and I, for one do not believe a word you say.
Posted by: guest at February 27, 2008 5:58 PM
The problem with condos: any old f***nozzle can get in and you have no say about it.
Co-ops rule.
Posted by: guest at February 27, 2008 6:51 PM
why in the world would you live in a co-op instead of a brownstone if you are making 200k a year?
Posted by: guest at February 27, 2008 7:20 PM
Because 200k won't pay for a brownstone in a neighborhood I want, that's why.
Posted by: guest at February 27, 2008 10:03 PM
The What is one cool dude. Got to love "Fucknozzle" keep em comin! I agree, Mr.B should put this guy on the payroll.
Posted by: guest at February 28, 2008 12:01 AM
this site has become so lame. it should be renamed bitch.com.
you all have way too much time on your hands if this is what you do all day.
Posted by: guest at February 28, 2008 8:00 AM
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