Last Week's Biggest Sales

Gabay what about the CG house that went for 300K less asking. Isn't that interesting too?

Posted by: guest at February 12, 2008 11:53 AM

I would love for you all to take a look back at that Lincoln Place House of the Day thread and see how WRONG 99% OF YOU WERE!!!!

It is finally official.

NONE of you know what you're talking about.

Posted by: guest at February 12, 2008 11:58 AM

How did that fort greene place get that much? When I saw it all I could think was that it was the location I wanted, but not the house. It's missing a floor, there was no original detail left, and the reno was low-end DIY style. It seems like there aren't ever listings for places with original detail left in Fort Greene. I guess they were all trashed in the bad years. Am I going to have to pick another neighborhood to find a real old quality brownstone?

Posted by: guest at February 12, 2008 12:01 PM

What did the Butler house sell for? That beauty was on the market for a very long time.

Posted by: guest at February 12, 2008 12:02 PM

The selling prices are listed right there, 12:02.

Butler sold for 1.975

Posted by: guest at February 12, 2008 12:04 PM

It appears that Lincoln Place was an all-cash transaction. All-cash buyers can't sustain the whole market.

Posted by: guest at February 12, 2008 12:05 PM

I just read on Reuters that 30% of US Homeowners have negative equity - 39% if you just look at those who bought in 2006.

Incredible. Why did people continue to buy in 2006 and 2007 when everyone knew the market was tanking?

Posted by: guest at February 12, 2008 12:06 PM

dammitdammitdammitdammit

Posted by: guest at February 12, 2008 12:09 PM

12:05 you make me laugh.

Will the excuses EVER end??

Is Park Slope really this hot right now? Saw this post from another one today...Will I ever be able to get in on the market?

I was at a few open houses this week and they were quite busy. One house at 304 President has an accepted offer already. Broker said it's been on the market for 3 weeks. Another house on 6th Ave in PS got multiple offers that day. It was the first showing. I left the open house, got home, 2 hours later the broker calls to say that if we were interested , we needed to put in an offer by 11am Mon since there were mutliple bids at ask and above.

Posted by: guest at February 12, 2008 12:10 PM

Holy hell.

Park Slope real estate sounds like it's back to 2005 and it's not even spring yet!!!!

Posted by: guest at February 12, 2008 12:12 PM

What Recession???

Posted by: guest at February 12, 2008 12:14 PM

The unsinkable Brooklyn market sails on!
It is as if we are not really a part of America. They are having all kinds of woes in the mainland, here? we have bidding wars on 3 million dollar hundred-year-old houses with no parking.
Go figure will you?

Posted by: guest at February 12, 2008 12:18 PM

"One house at 304 President has an accepted offer already."

And you know this how?

Posted by: guest at February 12, 2008 12:20 PM

12:10, was the 6th Ave house between 5/6th Streets? If so, that house was on the market 1.5 years ago (Sept 05) at the same price and didn't sell. We looked at it and thought it would be nice, though it needed some work on the 3rd floor (was set up as an inlaw suite with old kitchen). It'd be quite interesting if they got their price with multiple offers in a "slow" market. Maybe they did some work on it in the meantime.

Posted by: guest at February 12, 2008 12:20 PM

"2008 the FUCK YOU YEAR" - You gotta love The What

Posted by: guest at February 12, 2008 12:28 PM

I think the What is an idiot.

Posted by: guest at February 12, 2008 12:31 PM

I think the What is a blithering idiot who does not own a pot to piss in.

Posted by: guest at February 12, 2008 12:34 PM

Found out 304 President has an offer because I was interested in making an offer. They continued to have an open house because one was already scheduled. In fact there were multiple bids so I wasn't necessarily going to be even a backup since I had no idea what were the other offers.

Posted by: guest at February 12, 2008 12:36 PM

I think 'the what' is George W. Bush Jr.

Posted by: guest at February 12, 2008 12:37 PM

I agree about the What. He/She really makes this annoying. We have to go through 50 postings that are negative reactionary nonsense to actually get any real information. I propose that we ban the What and bring this site back to what it use to be - a informative and intelligent blog, not stupid incendiary musings.

Posted by: guest at February 12, 2008 12:41 PM

Hey What - Glad your possessions dont make you. I guess Its Oprah and her Book Club that really Make you:

"New Earth: Awakening to your Life's Purpose" (Of spreading fear and hate coupled with irrational conspiracy theories in order to feel important)

Posted by: guest at February 12, 2008 12:52 PM

Hey What,
I hit a nerve with the pot thing huh?
The problem is that after a certain age you sort of are defined by the things you own and can share with your loved ones. It takes a lot of scratch to keep a family healthy, well housed, and well fed. You would have no idea.

Posted by: guest at February 12, 2008 12:52 PM

250K OVER asking.

WOW.

Right smack in the middle of the WORST news about the credit crisis.

How interesting....

Posted by: guest at February 12, 2008 12:58 PM

"Market crashes always occur in the same manner. Regardless of the market, the same simple psychological underpinnings are always at work. People who are caught up in a bubble never look back for historical examples. For this folly, they become paupers.'

Posted by: guest at February 12, 2008 1:31 PM

The bubble is over, 1:31.

And the crash is well under way. And actually probably nearing an end within the next year or year and a half.

What you fail to realize is that NYC is different.

Posted by: guest at February 12, 2008 1:36 PM

277 President was offering $1.5M. I don't think it sold for over $2M.

Posted by: guest at February 12, 2008 1:55 PM

We are past the worst of the national R.E. crash and here in NYC, we have not felt it at all. But then again, when the rest of the country is doing well again we may have a bust. NYC people march to different drummer -if you haven't noticed.

Posted by: guest at February 12, 2008 2:15 PM

We have felt it. NYC area prices fell something like 4% in 2007.

They are not really expected to drop much farther though. Perhaps another couple percentage points. Clearly from this thread, prices are still quite healthy.

The worst does seem to be over although things will be rocky for quite some time, but I don't think anything more than 10% drops will be felt inside prime Brooklyn and Manhattan.

By 2010, I believe prices will be starting to rise again, but hopefully more in line with the average 5% a year as in the past.

Posted by: guest at February 12, 2008 2:21 PM

Carroll Gardens has consistently had some of the biggest sales for the past few weeks.

Posted by: guest at February 12, 2008 2:31 PM

I'm glad that Butler Street house closed. I always liked that house.

Posted by: guest at February 12, 2008 2:34 PM

The What is Britney Spears, out at last.

Posted by: guest at February 12, 2008 2:41 PM

It's hilarious to me how the less people have to contribute to a conversation, the louder they yell. It's kind of like car alarms. The crappiest, cheapest cars have the loudest, most sensitive alarms -- like anyone wants to steal your ugly ass geo any time soon, keep dreaming.

As far as the sales, rich people aren't gonna turn poor any time soon, and the trend for brownstone living is growing. The only thing that will lower the prices of brownstones is if the trend -- the aesthetic of a lifestyle in old homes, in old neighborhoods -- goes out of style. Right now, no one wants to live in a loft or a condo anymore, at least from the loaded people I know. And actually, even the art kids are all looking for a brownstone apartment "But everyone wants to live in a brownstone nowadays" my friend Jen said, after reporting that she wants to move out of her bushwick warehouse space asap.

One day, the trend will change and the prices will go down. NOthing to do with the economy, not because we're immune to it, but because new yorkers just care more about life style than security. (Working your ass off in a cut-throat environment shifts your priorities).

Posted by: guest at February 12, 2008 2:44 PM

I agree with 2:44. It's all about the trend.
Brownstone Brooklyn is hot right now but it is foolish to think it will stay hot forever. It has nothing to do with the economy, NY makes its own economy, it's about what people want.

Posted by: guest at February 12, 2008 2:49 PM

I agree with 2:44 insofar as the conversation is just about full single family brownstones in the nicer parts of Brooklyn - the pool of buyers for these is relatively small but very financially secure (no one else can affors $2m plus for a place to live). But no one here should be foolish enough to think that one or two anecdotes of brownstones selling well means that the NYC market as a whole is going to get out of the current situation unscathed.

Middle market co-ops and condos are not doing well at all right now. Everything is sitting on the market and/or seeing price cuts. And I don't expect it to get better, especially with banks laying off and/or freezing their hiring of junior and mid level people who are generally the most active buyers for mid-market apartments.

Posted by: guest at February 12, 2008 3:04 PM

Actually I think I know who the What is.
He is Paul Krugman of the New York Times.
Krugman has been warning us about the demise of American capitalism and the US econmomy for the past fifteen years.

Posted by: guest at February 12, 2008 3:27 PM

ummmm....you said we'd be in a depression in november 2007 and now homes are selling for 250k over ask and W. Buffet is injecting billions of dollars into the bond market.

you don't really have any idea what a depression is, do you?

Posted by: guest at February 12, 2008 3:28 PM

To me it looks like Carroll Gardens Park slope and Cobble hill are holding up very nicely. If we go into a recession it wont last long and will minimally effect brownstone Bklyn.

Posted by: guest at February 12, 2008 3:36 PM

I am depressed every day, that is why I post on these boards - Only to get attention and validation.

So sorry asshats I just cant help myself.

The What

Someday my vallium prescription is gonna end...

Posted by: guest at February 12, 2008 3:37 PM

As long as families want to continue raising kids in NYC (you know...the same ones you berate over and over again, even though they have been one of the primary causes for the skyrocketing home values in nyc) things will be fine.

In talking to people, I hear more and more who are disgusted with the suburbs, the rising cost of gasoline and heating and their footprint on the earth, so I really don't see it changing anytime soon.

So next time you make fun of that Park Slope mom, please realize that her decision to stay here and breast feed her crotchfruit at Two Boots is a MAJOR reason why your home is worth more than it was 2 years ago, while most other places in the country are seeing declines.

Posted by: guest at February 12, 2008 3:40 PM

Amen about the families with kids part. People crap all over people with children and cars, but if they decamp for easier living elsewhere, this city is in trouble. Happened before.

"crotchfruit"--that's pretty good, though I prefer the more effervescent "cunt dumpling."

Posted by: guest at February 12, 2008 3:58 PM

why are people so jealous on this site? get over It. If you did not buy a house yet , then go buy one.

Posted by: guest at February 12, 2008 4:13 PM

If you think the worst is over, then you are in for a very, very rude awakening.

Posted by: guest at February 12, 2008 4:29 PM

4:29 - If you are waiting for the impending crash so you can finally afford a prime Park slope Brownstone for $500K you might as well go back to sleep. NEVER GOING TO HAPPEN.

Posted by: guest at February 12, 2008 4:40 PM

You've been saying that same shit since 2000, 4:29.

No one cares anymore.

If prices fall from 3 million to 2.5 n(which would be HUGE!) you STILL won't buy one, so what's your point?

Posted by: guest at February 12, 2008 4:42 PM

Someone else today brought up the example of Japan today. It's a good one.

Their housing market "crashed" 11 years ago.

Wanna know how much a 500 sf 1 bedroom in Tokyo costs today in 2008???

Over a million U.S. dollars.

Posted by: guest at February 12, 2008 4:45 PM

For someone who's not concerned with possessions, the What certainly spends a lot of time on a blog that talks about houses. Isn't a house a possession?

Posted by: guest at February 12, 2008 4:50 PM

"Lake Mead, a key source of water for millions of people in the southwestern United States, could go dry by 2021, a new study finds.

The study concludes that natural forces such as evaporation, changes wrought by global warming and the increasing demand from the booming Southwest population are creating a deficit from this part of the Colorado River system."

Wonder what major cities will be able to absorb these people when the water runs out?

Gas is skyrocketing, water is evaporating in the south and in the west, everyone is concerned about their footprint...

The suburbs are so over - NYC is going to see migration that all the studies out there talking about 700K to 1 Millon never even contemplated.

Posted by: guest at February 12, 2008 5:03 PM

5:03 - And NYC will absorb these people how? Jobs are not going to magically appear for them.

Posted by: guest at February 12, 2008 6:08 PM

"Wanna know how much a 500 sf 1 bedroom in Tokyo costs today in 2008??? Over a million U.S. dollars."

Or approximately half of what it cost 15 years ago.

Posted by: guest at February 12, 2008 6:10 PM

6.10, please do not contextualize the facts. We prefer them in a vacuum so they can support our specific viewpoint.

Posted by: guest at February 12, 2008 6:23 PM

You think the suburbs are so over, forty years ago the experts thought the city was so over.
One never knows about the future. As a student of history I know that predictions, especially from experts, are almost always dead wrong. I can see real sustainability issues with the city in the future. Environmentalists think that it is the suburbs that have those issues but they are driven primarily by ideology, so my guess is they are as wrong as the fifties modernists calling cities obsolete. We are barely capable of understanding the past and present never mind the future.

Posted by: guest at February 12, 2008 7:05 PM

If you really are a student of history, you get an F, 7:05.

History and all of the great civilizations of the world CENTERED around the city. Rome, for one. Look at Europe where suburban sprawl barely became an issue. London, Amsterdam, Rotterdam, Copenhagen, Florence, Venice, Milan, Madrid, ATHENS!!! Then when the U.S. became a nation, it was Philadelphia, Baltimore, New York and Boston that led this country through its development.

It wasn't Massapequa, that's for darn sure.

These were the great cities of history.

Suburbs are a primarily American invention that had their heyday from about 1950-1995 when people left cities because they were afraid of black people.

You do realize that history goes back more than 100 years, right??

Posted by: guest at February 12, 2008 7:45 PM

You do realize that ancient Rome did not have cars, subways, trains and those new fangled aeroplanes, right?

Also, Europe is a wee bit smaller and more dense than here, don't ya think?

What's lower than an F? Whatever it is, it's yours. Is this the result of No Asshat Left Behind?

Posted by: guest at February 12, 2008 7:56 PM

Does anyone know whatever happened to the other two Lincoln Place houses that were HOTDs along with the one that sold for 3 sticks? I think the addresses are 104 and 108 Lincoln Place. One was a double duplex and the other was a one or two family in mid-reno. It looks to me like both places have apartments for rent listed with Bellmarc. Did someone buy them and decide to rent them out or did they never sell and are being rented by the seller?

Posted by: guest at February 12, 2008 8:34 PM

143 days on market in StreetEasy

Posted by: guest at February 12, 2008 8:49 PM

8:34--I am pretty sure that the other Lincoln Place houses were taken off the market. The apartments in one of them were being offered for rent on Craigslist.

Posted by: guest at February 12, 2008 9:07 PM

80% of the United States population lives within 100 miles of a city, 7:56.

That is an area in square miles much more similar to the size of Europe. It is no excuse.

If anything, Europe is FAR ahead of the U.S. in green energy, etc, forcing the U.S. to step it up and live a more more urban than we already do now.

Or you probably think the best way to solve global warming is to continue building 5000 sf McMansions??

Gas will be hitting $4 a gallon within the next year or year and a half. It's becoming such that people really need to change the way they live.

We are already seeing it now. The close in-more urban suburbs have been revitalized much more so than the far out more rural ones.

People in general are gravitating towards cities more and more. If not INSIDE one, as close as they can get...you know...where nearly EVERYONE WORKS!!!

There is a reason Brooklyn real estate continues to rise as many suburbs continue to se price declines. It's quite simple. People want to be live in more urban environments.

The city will continue to provide as much as it can to keep up with the demand.

See that fact that this past year the subway saw ridership levels not seen in 1950??

I personally find all of this news terrific.

Posted by: guest at February 12, 2008 9:18 PM

80% of the United States population lives within 100 miles of a city. In other words, the suburbs.

Posted by: guest at February 12, 2008 10:48 PM