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March 12, 2008
Condo of the Day: Fourth Cut at 302 Washington Avenue

Where's the floor on the last remaining unit at 302 Washington Avenue? The three-bedroom lower duplex started out at $1,325,000 back in April where it stayed for six months until the reductions started kicking: The price was cut to $1,275,000 in October, $1,199,000 in November, $1,075,000 in late January. On Friday, the price fell into the six-figure range. Think anyone will step up at the new ask of $999,000?
302 Washington Avenue [Brown Harris Stevens] GMAP
That Pesky Last Unit at 302 Washington [Brownstoner]
Condo of the Day: 302 Washington Avenue [Brownstoner]
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Comments
Intesting to note how few comments threads get with no mention of Park Slope.
Posted by: guest at March 12, 2008 12:47 PM
Keep chopping.
Posted by: guest at March 12, 2008 12:50 PM
that is 550/sqft????? no way, not in this market.
Posted by: guest at March 12, 2008 12:52 PM
it will be a rental by june.
Posted by: guest at March 12, 2008 12:59 PM
zzzzzzzzzzz
Posted by: guest at March 12, 2008 1:01 PM
if this is a real 3 b/r, then it seems like a pretty good deal to me!
Posted by: guest at March 12, 2008 1:05 PM
Brutal. Sitting for a year, with a 25% cut already.
I just don't think there are any buyers out there for this place, unless the developer is willing to take a loss.
Don't know at what point that would be, but if I were in the market for a brownstone duplex -- and comparing this to what's available in Park Slope (ha, I said it!) or Prospect Heights -- $800-825K is what I'd pay to be in Clinton Hill. And I don't even hate the neighborhood.
Posted by: guest at March 12, 2008 1:07 PM
How is this a good deal? You can find 3 bedrooms for this money in Brooklyn Heights, Ft. Greene or Park Slope..
Posted by: guest at March 12, 2008 1:07 PM
If anyone went to any of the open houses, you saw a crap job! Upscale Home Depot... if that. I found it so sad that they ripped apart a beautiful home and inserted metal staircases, bad marble counters that tenants ripped out after buying, and medicine cabinets that weren't even recessed... whatever. enjoy.
Posted by: guest at March 12, 2008 1:11 PM
All these "browndo" conversions are overpriced in all neighborhoods for the tiny bedrooms and weird layouts they offer. IMO. It's just someone will overpay in Park Slope whereas they won't overpay in Clinton Hill.
This condo is very layout-challenged for this market. I myself like it when a kitchen and DR are on the garden level and the LR is on the parlor level. But many people don't.
Posted by: guest at March 12, 2008 1:13 PM
If a 3BR duplex can't sell in Clinton Hill for $999K then houses in which the owner has just a duplex and rents out the other floor, should not be selling for $1.5 million and higher like those houses do. A one-floor rental apartment in Clinton Hill isn't worth $500K to a million all by itself. It's funny math.
Posted by: guest at March 12, 2008 1:20 PM
the maintenance and taxes are $1028 a month!!!
you must be kidding....
who in their right mind would pay a million dollars plus 1000 bucks a month to live here in this place in this location.
absurd.
Posted by: guest at March 12, 2008 1:21 PM
I'll take my million and buy something at Richard Meier's On Prospect Park or the Vermeil on Sterling and 7th before I'd even touch this one.
Posted by: guest at March 12, 2008 1:23 PM
Simply a terrible layout - absolutely retarded to break up the kitchen/dining and living onto two seperate floors. Thrilling actually to see the price fall so dramatically - if only I hadn't bought a house 8 months ago - AT THE TOP OF THE MARKET (BOO HOO) - I'd be so happy right now.
Posted by: guest at March 12, 2008 1:23 PM
It needs to be cut by about another $400K before anyone will consider this. It's still absurdly too high.
Posted by: guest at March 12, 2008 1:24 PM
They've priced this place 30% above the market for the last year. They keep dropping the price as the market comes down, but always staying about 30% too high. This is the paradigm of bad pricing.
Posted by: guest at March 12, 2008 1:29 PM
just put it up for 700K and get rid of it.
Posted by: guest at March 12, 2008 1:33 PM
Think of all the money down the toilet by continually overpricing and staying on the market so long. Just price it right the first time. If it's worth more then you'll get multiple offers and will sell it for more. Let the buyers set the price.
Posted by: guest at March 12, 2008 1:39 PM
Part of the problem is that they removed every iota of detail and charm from the 2 floors that would have originally had the most. OK, they wanted to do a modern, spare interior, not a period renovation, but damn. No mouldings, no architectural detail, no fireplaces, not even modern versions, no visual punch, nothing. So boring, and such a shame for what was probably originally a very nice upper middle class, suitably apportioned brownstone.
There is nothing about this place that screams "buy me", for a million bucks, it wouldn't matter what neighborhood it is in.
Posted by: Montrose Morris at March 12, 2008 1:42 PM
agreed, 1:38.
the greedy homeowners in clinton hill have officially ruined the neighborhood. now that prices are so outrageous there and people are no longer caught up in the frenzy, they realize that they can take the same money and buy in much more desirable areas with actual schools, services and subways.
the run up was so quick and intense, that the neighborhood is left with very few committed people of middle class means. there are the 1.5 and 2 million dollar brownstone owners, and then the very poor with a smattering of middle income renters thrown in.
not a good mix and won't inspire much evolution of the neighborhood.
i see no parents getting involved there to try to improve the schools. they simply send them to private while the rest of the community suffers with the public ones.
sad, because it has lovely architecture.
Posted by: guest at March 12, 2008 1:43 PM
before this was a condo, it was a 7 family home with NO details remaining to be saved. The details had been removed many years ago. The single floor condos above this unit sold for over $700 per sq foot. This unit is almost 1800 sq feet with central a/c and 3 b/r's and 2.5 baths. Great space for the right person.
Posted by: guest at March 12, 2008 1:47 PM
thanks Brown Harris Stevens, I mean 1:47!!
And btw, just because some fool paid $700psf does not mean there is another.
Not in this market. Not in Clinton Hill.
Lower the price another 200K and you are STILL going to have a hard time finding a buyer.
Trust me.
There are 25 more beautiful listings in other nearby brownstone neighborhoods for less money than this. Maybe smaller, but much nicer with details, services, schools and trains.
Posted by: guest at March 12, 2008 1:55 PM
to 1:55
That's MR. BHS to you
Posted by: guest at March 12, 2008 1:57 PM
the homes highlighted in clinton hill on brownstoner all do serious disservice to the neighborhood.
given the profile of the hood, where are the listings for 300K, 400K?
given that the median income of clinton hill is 25K a year, it would be nice to show something a little more representative of the people who actually live there.
every listing we see on here in clinton hill is obscenely overpriced.
Posted by: guest at March 12, 2008 2:06 PM
Hey, I have no comment about this dull condo, but I must take issue with the poster who said that the affluent newbies in Clinton Hill aren't helping out the local schools. The past few years have seen tremendous parent involvement and fundraising efforts at both PS 11 and PS 20.
Posted by: guest at March 12, 2008 2:07 PM
2:06-
all the listings for 300k or 400k in Clinton Hill are in the Clinton Hill Coops. There are no condos in that price range unless you consider those Mondrian-esque condos on Spencer Street as part of clinton hill (which i do not)
Posted by: guest at March 12, 2008 2:18 PM
that tells you something then, 2:18.
so the homes that sell in clinton hill are out of reach for, oh about 90% of the population.
you don't see a problem with that??
Posted by: guest at March 12, 2008 2:20 PM
It sure is a problem. 300k-400k is my price range, and i have to focus on the coops or else live next door to home depot.
i think part of the problem is that much of clinton hill proper is landmarked. therefore, developers can't put up their Fedders Specials with reckless abandon. it's good because we don't have to look at those eyesore buildings, but also bad because typically those are the buildings which cater to those at the lower priced end of the real estate market.
Fulton on Clinton is an example of a recent condo building in Clinton Hill with some units in the 300's. and despite being on Fulton Street and those hideous blue window frames, the interiors were actually quite nice.
Posted by: guest at March 12, 2008 2:40 PM
Plus the monthly charges are high! Is there even any outdoor space? Yes, weird layout.
Posted by: guest at March 12, 2008 2:44 PM
Actually, I'm amazed that only ONE of these units remains for sale given the crappy reno and bad layouts throughout the building. Had the developer done a thoughtful reno using high quality materials, he probably could have gotten over a million a year ago.
Posted by: tinarina at March 12, 2008 2:44 PM
had these all been on the market now, they wouldn't have sold a one.
developer is lucky he got a couple suckers while the market was hot.
if i bought here for 700 psf, i'd want to kill myself right now.
i don't think they'll be able to sell for 700 psf until 2050.
Posted by: guest at March 12, 2008 2:50 PM
2:44: 2007 was heady times... all you needed was a "hot" neighborhood and a high price to move product. some brokers actually think 2008 is a continuation of that.
Posted by: guest at March 12, 2008 2:51 PM
what's so bad about clinton hill? seriously. no sarcastic responses, pls. thx.
Posted by: guest at March 12, 2008 2:55 PM
"no sarcastic responses, pls."
welcome to Brownstoner, newbie...
Posted by: Biff Champion at March 12, 2008 3:04 PM
"what's so bad about clinton hill?"
how long do you have??
Posted by: guest at March 12, 2008 3:07 PM
Nothing is bad about Clinton Hill. The people who contribute to Mr. Brownstowners threads *even though he is a resident of Clinton Hill as well) are malicious, pukey desparados thinking neighborhoods are all going to sink further and further. As 1:23 says "I'd sooner put my money in Richard Meier or the Vermeil" thats a lot of bullshit because they dont even have the money to do that! This is just an excuse of a blog and its time is coming soon and fast.
Posted by: guest at March 12, 2008 3:07 PM
3:07 PM: "how long do you have??"
i have all the time in the world. i'm off today. pls respond. thx.
Posted by: guest at March 12, 2008 3:11 PM
Neighborhoods ARE going to sink further and further, 3:07. You ignoring it isn't going to make it false. Neighborhoods all over the U.S. are sinking right now, badly. Cities are sinking...Cleveland, Detroit, parts of Baltimore...all in big trouble right now because of the bursting of the housing bubble.
1 in 10 homes in Bed Stuy is now in some stage of foreclosure.
You don't think that's sinking from 2 years ago???
I sure do.
You are really naive, my friend.
Posted by: guest at March 12, 2008 3:12 PM
"i have all the time in the world. i'm off today. pls respond. thx."
THIS is why our country is in trouble. You have the day off and you want to spend it hearing about...:"what's so bad about a neighborhood in brooklyn according to anonymous posters???"
Lord. I wonder if the Chinese are doing the same right now....
Nope, I'm guessing they are working on a cure for cancer, inventing some new technology, or at the very least reading a book.
Wow. Now I know why the U.S. is going to be numero dos in about 5 years time.
Posted by: guest at March 12, 2008 3:14 PM
2:55, don't say I didn't warn you...
Posted by: Biff Champion at March 12, 2008 3:17 PM
3:12
Am I naive or just tired of hearing your rants and shit. I mean some of us who live here or wherever in our brownstones are amused by all this. I mean it is so easy to go on and on and on about the country being in bad shape. We still have gorgeous brownstones and are "ENJOYING" them. You are the naive one asshole. You should bve doing everything in your little piggy bank to find the right opportunity instead you are professing on a blog because you have some audience. Have you decided that this will ultimately straighten out or perhaps you will continue to tell everyone how naive they are. The problem has occured and it will continue but you know you are naive for having no other excuse but to go on about it.
Naive and in heaven.
Posted by: guest at March 12, 2008 3:21 PM
I would love to know what the people who bought the single-floor condos in this building are thinking now, since it's become painfully obvious that they overpaid for their properties. There's no confusion about comps for these people -- they paid $X for their condos a year ago, and the market is saying that their properties are now only worth 80% of what they paid, if that.
Posted by: guest at March 12, 2008 3:24 PM
Clinton Hill is not bad, just as most people who enjoy their other nabes would say about those communities. I live there and all I see are middle and lower class parents working together to improve the schools. Others do send their kids to the private schools, but most of the kids my child went to pre school with are going to ps 11 and others now. there's quite a bit of ridiculous baiting going on here and it's useless to argue, but i'll give you my view of ch. we live on grand ave, which is closer to bed-stuy. when we first moved in, I was afraid of the drug dealers on the corner. now they are mostly gone and where they are not, they don't scare me. the other thing that happened to us and others I know, is that people tried to scam us at least once a week for the first 3 months. after that, never once. Our block is a mix of one and two family homes and a few SROs and some homes owned by generations of a families who bought their houses 40 years ago. that i really have loved and will be sorry if it changes, which is likely. we are friendly w/ everyone on the block and in nice weather, it's hard to get down the street w/o having several conversations.
the C train is terrible on weekends but fine during the week. one can still park here. great wine stores like olivino, greene grape and gnarly vines are here. restaurants include ici, locanda vini e oli, Bonita. Choice is a great place for lunch, coffee and bumping into friends.
CH is very international and still diverse all along the race and class scale. people warn that will change and i think it's possible, but i do believe that it will stay pretty diverse compared to other gentrifying areas.
we do need better grocery markets, dry cleaning, etc, but it all seems to be coming.
proximity to BAM and the bed stuy Y are amazing too.
i've tried to give a balanced perspective, but it does sound like i'm a cheerleader. i guess i am. we really love it here, but probably most people like where they've landed and built a community, be it PS, PH, FG, CrH or clinton hill...
Posted by: guest at March 12, 2008 3:24 PM
3:12...I own a brownstone in Park Slope.
Your powers of mind-reading are not good.
Posted by: guest at March 12, 2008 3:27 PM
"great wine stores like olivino, greene grape and gnarly vines are here. restaurants include ici, locanda vini e oli, Bonita."
THESE ARE IN FT. GREENE. NOT CLINTON HILL!
"when we first moved in, I was afraid of the drug dealers on the corner. now they are mostly gone and where they are not, they don't scare me."
"C train is terrible on weekends"
"Our block is a mix of one and two family homes and a few SROs"
"the other thing that happened to us and others I know, is that people tried to scam us at least once a week for the first 3 months."
AND ALL THIS CAN BE YOURS FOR 1-2 MILLION DOLLARS!!!!!
"proximity to BAM and the bed stuy Y are amazing too"
PROXIMITY TO BED STUY??? NEVER HEARD THAT ONE BEFORE!
Posted by: guest at March 12, 2008 3:31 PM
You know, people who bought in the late '80's and early '90's experienced a property devaluation for a period as the economy was going through a change at that time as well. Those who stuck it out ended up seeing a serge in prices and popularity in their neighborhoods that was unprecedented. These areas that were still on the upswing were the East Village, Tribeca, Ft Greene, Clinton Hill, Harlem, etc. Why do so many people here think this doom and gloom will be here forever? Are they completely jealous, or angry or something? It is bad out there right now. It has to go through a change and that change may not come about for a while but it will ultimately come. For those of you who bought in the past year or so and are feeling anxious and nervous no help from the people who contribute here. Remember they are not experts. They are enjoying the moment and they probably will not buy today or even if prices come down further. They are just individuals contributing to a blog that insanely makes money by their contribution. Hang in there. You will have the last laugh.
Posted by: guest at March 12, 2008 3:32 PM
Who wants to live at, no under a bus stop
GS3
Posted by: guest at March 12, 2008 3:32 PM
"unprecedented."
This was the key word of your post 3:32. It was unprecendented and will not happen again in our lifetimes.
People will see the value of their homes decrease for many years to come.
Posted by: guest at March 12, 2008 3:36 PM
Biff Champion: You were right. Good heavens.
3:24: Thanks!
Posted by: guest at March 12, 2008 3:38 PM
The problem with Clinton Hill is not that it's a bad neighborhood per se so much as it is a bad neighborhood for 1 million dollars and up.
It's a GREAT neighborhood if houses sold for 400-500K and co-ops for 150k-200K.
The neighborhood prices in no way correlate to what the neighborhood has to offer when comparing to other areas.
Posted by: guest at March 12, 2008 3:39 PM
Bus stop right out front, right? Noisy.
Posted by: guest at March 12, 2008 3:39 PM
Is that ghetto ass punk bitch The tWhat posting and not putting his name on anything now? I see a lot of cutting and pasting going on here, a true sign that the tWhat is lurking.
Posted by: guest at March 12, 2008 4:06 PM
Market isn't down enough today for The What to emerge from under his rock. He prefers much bigger, i.e., at least a 3-digit drops, in the Dow before making his presence known.
Posted by: Biff Champion at March 12, 2008 4:09 PM
You are right, Biff.
Yesterday with the 5 year record broken for highest run up on Wall Street, the What did not make one single comment.
How interesting...
Posted by: guest at March 12, 2008 4:12 PM
You guys are just trying to goad him into coming out so you can unload lol.
He's annoying, but you gotta admit, these message boards are way more fun when he's around. Maybe he broke down and bought a place. Now he's ashamed. Haha.
Posted by: guest at March 12, 2008 4:20 PM
yesterday was great fun without him, actually.
and the park slope thread still got to over 225 posts!
i can't stand the what's rants. i usually skip over them.
Posted by: guest at March 12, 2008 4:23 PM
I think Clinton Hill has everything one needs within a short walking distance. If Clinton Hill dose not have something Ft Greene will take the slack.
Posted by: guest at March 12, 2008 4:32 PM
3:36 said in response to a perfectly true and reasonable post:
"This was the key word of your post 3:32. It was unprecendented and will not happen again in our lifetimes."
What was NEW then and UNCHANGED now is the fact people don't want to live in the suburbs of NYC anymore, they want to live in the city.
Please stop conveniently leaving that little element out of your little armchair real estate expert proclamations. It's really stupid to do so. This migration or trend goes back well more than 10 years and it's been well-documented and nobody in city planning or RE development thinks for one moment it's going to reverse. Not when all signs indicate otherwise. They are preparing for one million more residents over the next 20 years.
Yes Clinton Hill had a lot of hype that prematurely inflated its values. It doesn't mean it will never get there and it certainly doesn't indicate the entire NYC is going to fall apart. Because of one condo in little ole Clinton Hill?? Moronic.
Posted by: guest at March 12, 2008 4:36 PM
Olivino and Vini e Oli are squarely in Clinton Hill (e.g., east of Vanderbilt Ave). Ici and Bonita are in Fort Greene, but just slightly west of Vanderbilt and therefore serve all of Clinton Hill--just like all the Dekalb restaurants do.
Making dramatic distinctions between the two (very small) neighborhoods is splitting hairs most of the time...the housing stock and pricing are very similar, the exception being brownstones close to Fort Greene Park, which generally go for a premium.
Posted by: tinarina at March 12, 2008 4:40 PM
chop chop chop!!!
Posted by: guest at March 12, 2008 4:41 PM
This building is in clinton hill. I love clinton hill!
Posted by: guest at March 12, 2008 4:43 PM
Ok, fine, places like this one are overpriced, but shouldn't these places sell anyway due to people making lower (low-ball) offers? What are buyer's too scared to make the low offers, or sellers/Realtors too deluded to take them?
Posted by: guest at March 12, 2008 4:49 PM
As a resident of Clinton Hill who has lived in the Clinton Hill Co-ops for over the last 10 years, I can tell you that Clinton Hill is much too diverse a neighborhood to paint a description of it with one stroke of the brush. The neighhborhood is both gentile and "street"; it is hipster, hip-hop and preppy; it is both gentrified and normal; it is blue collar, white collar and artsy, all at the same time. The parts of it that are close to Fort Greene (or by the "G" train Clinton-Washington Station) are pretty similar to Fort Greene (if not grander) and the parts of it that are close to Bed-Stuy are similar to the western edges of Bed-Stuy. The neighborhood has seen a surge in popularity similar to the other brownstone neighborhoods. It has a number of fine resturants, such as The Speak Easy, Locanda Villi, Luz, Il Torchio, Rustik Tavern, Tamboril, Maggie Brown and Zaytooons; it has fine cafes such as Pillow Cafe, Connecticut Muffin, Cafe Martino and Cafe on Grand; and it has fun night spots such as Parlor Jazz, Five Spot, Sputnik, Rustik Tavern, Ropes and Le Grand Dakar. Given all that Clinton Hill has to offer, it should be no surprise that so many people from different walks of life, with different tastes and desires have chose to live here. For those of you who doubt it, you might want to check out the whole neighborhood before you knock it.
Posted by: guest at March 12, 2008 4:56 PM
What's the actual difference between Clinton Hill and Fort Greene other than an arbitrary street boundary? Is there one, or are they really the same neighborhood, that used to be different, but have now merged and continue on with two names?
Posted by: guest at March 12, 2008 5:08 PM
Never heard of Clinton Hill.
- Manhattan resident
Posted by: guest at March 12, 2008 5:26 PM
"They are preparing for one million more residents over the next 20 years."
You do know that there is actually no data at all to back up these inflated projections, right?
And that the vast majority of the actual population increase are poor immigrants, not disgruntled suburbanites, right?
Posted by: guest at March 12, 2008 5:41 PM
4:36 is the most ignorant post I have seen in a WHILE!
Good job, 4:36!!! You win the award for most dellusional, most moronic and most gullible poster on BROWNSTONER!
Posted by: guest at March 12, 2008 5:58 PM
4:36 writes "What was NEW then and UNCHANGED now is the fact people don't want to live in the suburbs of NYC anymore, they want to live in the city."
What's the population growth of New York City been during this decade? Between 2000 and 2005, it was about 0.35% a year: http://www.gothamgazette.com/article/demographics/20060627/5/1894. That hardly suggests that people are banging down the doors to get in. And it also proves that the inflation in housing prices between 2002 and 2006 was not propelled by migration, but rather, as everywhere else, by cheap money, easy lending standards, and speculation. You are living in a fantasy world if you think that things are just going to go back to normal now that the bubble has burst. It's not -- prices have to fall sharply or else stay flat for a very long time for home prices to get back in line with incomes.
Posted by: guest at March 12, 2008 6:19 PM
"Is that ghetto ass punk bitch The tWhat posting and not putting his name on anything now? I see a lot of cutting and pasting going on here, a true sign that the tWhat is lurking.
Posted by: guest at March 12, 2008 4:06 PM
Market isn't down enough today for The What to emerge from under his rock. He prefers much bigger, i.e., at least a 3-digit drops, in the Dow before making his presence known.
Posted by: Biff Champion at March 12, 2008 4:09 PM
You are right, Biff.
Yesterday with the 5 year record broken for highest run up on Wall Street, the What did not make one single comment.
How interesting..."
Nope Assholes, I been very busy! To writ: People was jerking themselves off when the FED open up the TAF Window. The FED is not injecting 200 Billion into the economy, they are accepting Mortgage Backed Securities (BTW No one wants) for US Treasuries. What does that mean? It get the dead men walking some more time but, the Ten Year T-Bill did a nose dive and mortgage rates have gone up..
The FED did a panic move yesterday because they are entering the end-game of this Mutant Real Estate Bubble and this Mutant Asset Bubble.
The What was laughing his ass off today because Wall Street did a nice pump and dump on you fuckers. Yep, the short bus riders got assfuck about 2:00 PM!
The end is very close! When this shit breaks it's going to be very fast, very nasty and very bad. Enjoy what you got left.
SPITZER Gets Busted! I broke the story here and I didn't get any props for it. BTW You fuck with Wall Street! Wall Street fucks you back!
The What ( Still here assholes)
Someday this war is gonna end...
Posted by: guest at March 12, 2008 8:10 PM
These prices and no outdoor space? Does it matter where it is? People spending this kind of money require at least a small deck or yard.
Posted by: guest at March 12, 2008 8:23 PM
Hey Fucktards! Here is a nice primer on what the FED did.
TICK... TICK... TICK... TICK... TICK... BOOM!!!!!!!!!!
http://www.eurointelligence.com/article.581+M5a9c9f73a06.0.html
The Fed's announced a $200bn 28-day Term Securities Lending Facility, which unlike the Term Auction Facility announced last year is not a swap of cash for securities, but a swap of Treasuries for mortgage-junk. Technically, the Fed now accepts AAA-rated mortgage paper issued by non-agency lenders. Effectively this means that the Fed is now taking subprime junk as collateral, since much of the AAA-rated mortgage paper is effectively worthless. It is in the words of a commentator in the Naked Capitalism blog "the pawnbroker of last resort".
You better lube up! Here come the Piper and look! A Joshua Tree LMMFAO!! Ya'll are finished!!!
The What
Someday this war is gonna end...
Posted by: guest at March 12, 2008 8:37 PM
The war is over ghetto ass punk bitch. You lost. Now get out.
Posted by: guest at March 12, 2008 9:09 PM
3:24 and 4:56 thank you! couldn't be happier here and can't understand all the hating on Clinton Hill.
Posted by: guest at March 12, 2008 9:43 PM
3:24 = 4:56 = 9:43
Posted by: guest at March 12, 2008 10:09 PM
This is a basement duplex. Laverne and Shirley for a million dollars.
Posted by: guest at March 12, 2008 10:36 PM
"The war is over ghetto ass punk bitch. You lost. Now get out."
Ghetto yes
Punk. No I put MY NAME on the shit I write. I don't see that!
Bitch. No I want to "meet" you in Clinton Hill. We can "discuss" the finer points of your argument.
You lost. The war is still going on!
Now get out. When I'm ready. See how that works!
The What <-- See The What Mother Fucker!
Someday these punk ass anons will put they name on shit....
Posted by: guest at March 13, 2008 1:13 AM
Whoa, easy, some of youse—Clinton Hill is a really great neighborhood. You don’t like it, live someplace else. We here in CH don’t give a shit.
Rock on, guest 3:24. Thanks for a great and honest glimpse.
3:31: Um, dumbass, Clinton Hill and Fort Greene are the same neighborhood. They’re each about six blocks wide, and completely interconnected.
3:12, you’re clueless. Comparing Clinton Hill to Cleveland, Detroit, and Baltimore is ridiculous. Those cities have been screwed for decades. You should add Bridgeport to the list. And the foreclosures in Bed-Stuy, or any other nabe that’s fighting its way back from decay, is obviously going to be high in a sub-prime crisis. CH was a disaster in the 40s-50s-60s-70s, but has been recovering every year since. Today, a brownstone that cost 30K in 1970 is worth upwards of two million. That may dip, plunge, resurge, whatever. Nabe is stable, diverse safe, fun, and has gorgeous architecture that (thank god) is protected by the LPC.
But I’ve been to an open house at this condo at 302 Washington, and the price, layout and finishes are really problematic. Worse, half of the home is in the basement, next to a corner that features a DeKalb Ave. bus stop. It’s really loud. Yeah, it will sell to somebody, someday, who needs the space and can handle the rumblings. I'm guessing another price cut or two.
Posted by: Rehab at March 13, 2008 2:44 AM
Never heard of Manhattan
-Clinton HIll Resident
Posted by: guest at March 13, 2008 8:33 AM
Inflated neighborhood, came up fast? What the fuck are some of you saying. Bought my home here in the '80's. Took more considerable time to come up than Williamsburgh, DUMBO, Redhook, I mean Brownstoner how old are your contributors 19?
Posted by: guest at March 13, 2008 8:34 AM
It should be $450 a square foot, which is a reasonable price considering the comps.
So tired of us home buyers having to suffer the Doom and Gloom prophecies generated by a bunch of cretins investing money in homes they would never step foot in. So the real estate market is collapsing. THANK GOD FOR THAT. It was a lie all along. Every time I heard of someone buying a home in Phoenix or Vegas, I kept thinking: you're gonna destroy this country with this wasteful boom -- constructing buildings for NO ONE to live in, just for you to hopefully get rich selling; all that wasted material, all that wasted land, for what. So I believe we are getting what we deserve for being the typical combination of stupid, greedy, lazy, gullible americans.
And if my home doesn't go up in value but down because of those assholes out there, I COULD GIVE A FUCK.
I worked my ass off for the money I invested into my home. MY home, not some fake home for some fake money. And I'm damn proud of MY home, proud of the years I have to live in it, proud of my neighborhood, in its hard-earned wealth as well as its hard-fought struggles with poverty.
If you can get this place down to $450, it's a lot of space for a young family. It's a safe area that's awesome for kids (if you're not racist, of course).
Posted by: guest at March 13, 2008 8:44 AM
But what if you are racist 8:44? Is there a neighborhood that caters to them?
Posted by: guest at March 13, 2008 10:27 AM
"It's a GREAT neighborhood if houses sold for 400-500K and co-ops for 150k-200K. "
3:39 it's still a great neighborhood too bad you're priced out. You snooze you lose.
Posted by: guest at March 13, 2008 10:30 AM
not priced out. own in park slope, thanks.
Posted by: guest at March 13, 2008 10:50 AM
You own jack shit. 400- 500k houses? its 2008 not 1996. keep saving you'll get there!
Posted by: guest at March 13, 2008 12:04 PM
"If a 3BR duplex can't sell in Clinton Hill for $999K then houses in which the owner has just a duplex and rents out the other floor, should not be selling for $1.5 million and higher like those houses do. A one-floor rental apartment in Clinton Hill isn't worth $500K to a million all by itself. It's funny math."
Brooklyn Brownstone 'Da Vinci Code' broken.
Posted by: guest at March 13, 2008 2:02 PM

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