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February 15, 2008

Open House Picks 8/24/07: Six Months Later

openhouse-6mos-ltr-0824.jpg
Seems like the person who commented that the Bed-Stuy house was "not priced to sell" was on target. After a $91,000 cut, though, there she went.
Open House Picks 8/24/07 [Brownstoner]




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Comments

Please, no comments about Bed Stuy whatsoever. Its not permitted.

Posted by: guest at February 15, 2008 11:40 AM

Bronwstoner/Gabay how about a six months follow up for COTD as well? Some of us don't want/can't afford a whole house and would really appreciate this.

Posted by: guest at February 15, 2008 11:43 AM

I do enjoy this section.

Posted by: guest at February 15, 2008 11:48 AM

Bed Stuy is for lovers.

Posted by: guest at February 15, 2008 12:11 PM

so much for the "implosion" ... sigh.

Posted by: guest at February 15, 2008 12:14 PM

tick tick tick

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

no Virginia already has that one 12:11.... Bed Stuy is for people that don't have 3 million laying around...

Posted by: guest at February 15, 2008 12:18 PM

"After a $91,000 cut, though, there she went"

I think if most properties were cut the price by 15% they would also fear better

Posted by: guest at February 15, 2008 12:19 PM

"cut the price by 15% they would also fear better"

Best. Freudian Slip. Ever.

Posted by: guest at February 15, 2008 12:22 PM

I live in Stuy Heights and I think that BS house sold at the right price... Just I pray that the people that brought it live in the home...

Posted by: guest at February 15, 2008 12:23 PM

The Fort Green place is the one that came with the old tenant, yes?

Posted by: guest at February 15, 2008 12:28 PM

All of these properties seemed reasonably priced at the time -- with the exception of the Bed-Stuy house -- so it doesn't seem too shocking that they all sold close to asking.

Posted by: guest at February 15, 2008 12:35 PM

With the exception of the Bed-Stuy house this goes to show you what happens when pricing is correct (or at least close to it). I'm surprised the idiots over at Corcoran didn't try to jack the price on that Fort Greene house by another million.

Posted by: guest at February 15, 2008 1:04 PM

The Fort Greene house went for 70K less than asking.

Posted by: guest at February 15, 2008 1:11 PM

The bed-stuy house was definitely well inflated. For a house less than 18ft wide and only 3 floors, that was even a stretch. Of a 4 story, 18.5 or 20 footer, then maybe you can talk about pricing it above $700

The best is yet to come.

Posted by: guest at February 15, 2008 1:13 PM

Urm, so I'm still waiting for the implosion.

Posted by: guest at February 15, 2008 1:44 PM

tick tick tick

Posted by: guest at February 15, 2008 3:25 PM

Of course, it is cut up as a 4-fam, but it seems like a decent house not needing reno would have gone for quite a bit more in FG. Does the house need a major reno or refreshing...are there other issues going on not visible?

Did anyone reading this the interior?

Frankly, that spot on the street is kind of a yucky...and maybe it's "close" to the park but also right by the hospital and that blechy stretch of DeKalb.

At this price I would not be surprised if it is subjected to a 2+ year reno into a 2 or 1 family, no?

Luckily, I don't think there are any Landmarking issues in this part of the nabe so DOB permits are faster/easier/cheaper.

Can't have been purchased as an income property, could it? Could the rent income cover the carrying costs?

Posted by: guest at February 15, 2008 6:28 PM

I meant:

Did anyone reading this SEE the interior?

Posted by: guest at February 15, 2008 6:47 PM

I've been curious about what was happening with the Wyckoff St. house (which is a few houses down from me). I'm a bit stunned at the HUGE price for not a huge townhouse with not a lotta detail. But if the hood is good enough for celebs like Emily Mortimer, Kerri Russel et al, I guess its good enough to fetch these prices.

makes me wanna sell and move the hell outta here, like Nell Campbell did.

Posted by: guest at February 15, 2008 6:55 PM

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