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March 11, 2008
House of the Day: 524 3rd Street

This block of 3rd Street between 7th and 8th Avenues is lovely and the houses are priced accordingly. Last summer, 527 3rd Street sold for $3,225,000 (less than its original list price of $3,400,000). Now the limestone at 524 3rd Street is on the market for $3,200,000. The interior is probably nicer than the drab photos reveal. There's nice original detail and the kitchens and bathrooms appear to have been updated recently (as have mechanicals). The house has a total of about 3,700 square feet, but 1/4 of that is virtually subterranean so it's hard to say whether overall it deserves to be priced at almost $900 a foot. Guess the market will provide the answer to that one.
524 3rd Street [Coldwell Banker] GMAP P*Shark
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Comments
Didn't a house on 3rd just sell for 3.6 million? It was just on here maybe 2 weeks ago.
Posted by: guest at March 11, 2008 1:21 PM
let the battle commence.
Posted by: guest at March 11, 2008 1:34 PM
Drab photos is the understatement of the day.
Posted by: guest at March 11, 2008 1:39 PM
if this house were in fort greene it would be so much more appealing.
Posted by: guest at March 11, 2008 1:40 PM
Here we go again. I expect the usual comments.
- Priced too high.
- Priced just right.
- This will sell.
- This will sit.
- For that price, they need better pictures.
- The house will sell even with those pictures.
- Park Slope is the best.
- Park Slope Stinks.
- P.S. 321 is the best public school.
- Private schools are the best.
- The realtor is cute.
- If this was listed with Corcoran, it would be 1 billion dollars.
- Asshat
Blah, Blah, Blah...carry on.
Posted by: guest at March 11, 2008 1:40 PM
you covered it all, 1:40.
except you forgot that park slope is one of the 10 best neighborhoods in the country and it's getting a babeland.
Posted by: guest at March 11, 2008 1:45 PM
Thats not bad 1:40, except the Broker is not Hot. I met her at several open houses and the pictures that make her look mediocre are actually flattering.
Posted by: guest at March 11, 2008 1:50 PM
Can't we just fast forward 3 months from now when this sells for full ask.
It's all so anti-climactic.
Posted by: guest at March 11, 2008 1:53 PM
I'm 1:40 - what the heck is babeland??
and I'd also like to add.
- Love the interior
- Hate the interior
- Seems small on the inside
- This size is just right
- Limestones are better than Brownstones
- Brownstones are better than limestones.
- No floor plan - WTF
- Baby Carraiges
- Market is strong
- Market is week
- The mortgage on this house will be $$$$$$
- Buyer pay cash
- Rich people
Anything else?
Posted by: guest at March 11, 2008 1:53 PM
Babeland is the new sex shop opening on Bergen in Park Slope in May.
Can't wait!
Posted by: guest at March 11, 2008 1:57 PM
Lol...this has been an annoying environment as of late, but you guys are making me laugh. Thanks for the funnies!
Posted by: guest at March 11, 2008 1:57 PM
With a one-family this size it's hard to judge what a fair rental price would be, but, for evaluating the underlying current ownership cost -- the rental equivalency is about $20,000 a month. Seems high to me.
Posted by: guest at March 11, 2008 1:59 PM
I would also like to add "Asshat" to the list
Posted by: guest at March 11, 2008 2:00 PM
you forgot two things
- great deal compared to what $ will buy on the UWS
- PS is a 15 minute door-to door commute to mid-town Manhattan - it is actually closer to Manhattan than any other neighborhood in Brooklyn.
Posted by: guest at March 11, 2008 2:02 PM
now that the financial world has been injected with 200 billion dollars and the stock market has soared, has anyone else noticed who is missing from the landscape today with his regurgitated headlines about the end of the world???
Posted by: guest at March 11, 2008 2:03 PM
Park Slope is closer to Manhattan than most neighborhoods IN Manhattan.
Posted by: guest at March 11, 2008 2:03 PM
You all are so envious, it almost hurts to watch.
Posted by: guest at March 11, 2008 2:04 PM
Wow...Babeland. That's what those stroller Moms need to loosen up....some toys.
Posted by: guest at March 11, 2008 2:06 PM
- Asshat needs to be on the list several times.
Posted by: guest at March 11, 2008 2:07 PM
Rumor has it that the Empire Club is moving to Park Slope. A great business stimulus to the area courtesy of the DC.
Posted by: guest at March 11, 2008 2:07 PM
If the Empire Club comes to Park Slope, I bid 5 million for this house.
Posted by: guest at March 11, 2008 2:09 PM
This house is too far from the new Babeland...it won't sell.
Posted by: guest at March 11, 2008 2:09 PM
don't forget the - "this place is a bargain compared to what it would go for in Manhattan"
Posted by: guest at March 11, 2008 2:09 PM
More comments.
-Park slope is not Manhattan
-Park Slope is the World
Posted by: guest at March 11, 2008 2:11 PM
go check out the forum with the poster (dssguy99) and the pic of the possum...he just posted this if you can believe it..."these" people his is referring to are Chinese, which he hates. Go look though his posts and demand he be shut down from posting here.
"Just so you all know. I picked this thing up with my bare hande because my gloves RIPPED when I grabbed for it. I put it our front of my house and now the local cats are eating it. The neighbors and my landlord are upset at me. Oh well. Soon Ill live in Park Slope and wont have to see these "people"."
Posted by: guest at March 11, 2008 2:11 PM
Will sell for 2.8.
Posted by: guest at March 11, 2008 2:11 PM
I can get from park slope to manhattan with my jetpack in 30 seconds.
Posted by: guest at March 11, 2008 2:13 PM
nice to see you're a strong advocate for free speech 2:11 - let me guess - you consider yourself open-minded and liberal?
Posted by: guest at March 11, 2008 2:14 PM
you guys forgot "THE WHAT"
Posted by: guest at March 11, 2008 2:15 PM
2:15 = see 2:03
Posted by: guest at March 11, 2008 2:16 PM
Hey 2:14 - If 2:11 wants to say it'll sell for 2.8, he's entitled to. I think it's very open minded and liberal that he took a stand on the price :)
Posted by: guest at March 11, 2008 2:17 PM
who said anyone was open minded and liberal?
i don't recall seeing that anywhere.
Posted by: guest at March 11, 2008 2:18 PM
He will be a perfect addition to Park Slope.
Posted by: guest at March 11, 2008 2:23 PM
Hey 2:11 (First) Dont you think he will jsut post as a guest if he does get banned? Isnt it better to just let him post with his screen name and then jsut ignore it if you dont like it?
Geez, everyone is such a censorship NAZI here. Chill out, you'll live longer.
Posted by: guest at March 11, 2008 2:37 PM
Holy moses those photos stink! And on a big listing like this? The fact this broker can't spring for a professional photographer is shameful. Even better, no floorplan. Most FSBO listings look 100% better than this. Make this broker earn her money, seller. Get on it.
Here are more to add to the list:
-PS 321 guarantees success for the rest of your child's life. If only you get in there you will have nothing to worry about ever again. Until 6th grade.
-It means you love your family more if you are able to spend $4 million on a house. No decent parent would spend a mere million and in (the horror) a fringe area. So get to work and find a good rate on a jumbo mortgage.
To be serious though, the house is beautiful (what I can see of it through the clutter) and it's more something somebody coming from Manhattan would buy so they're probably selling a UWS apartment not taking out a huge mortgage.
Posted by: guest at March 11, 2008 2:41 PM
A family on the UWS could sell their brownstone for 7 million, buy this in cash and never work again.
That's why you see so many 40 something dads reading the paper at 2pm in Park Slope so often.
Posted by: guest at March 11, 2008 2:45 PM
Hahaha. We did just that, 2:45!!
We sold our West End Avenue house last year for 7.8 million (which we bought in '93 for 400K) and now live happily in Park Slope with zero mortgage and so much free time to enjoy ourselves. Pretty nice.
Posted by: guest at March 11, 2008 2:49 PM
Also
- Park Slope is elitist
- If you're paying this much, you can do private school anyway
- I am not an elitist, so I will move to another neighborhood. And then send my kids the hell away to private school so they don't have to be in the local hellhole with those scary neighbor kids.
-That last part does not count as elitism
Posted by: guest at March 11, 2008 2:56 PM
Can someone rank the schools in Park Slope for me, starting with PS. 321 and going downward?
Posted by: guest at March 11, 2008 2:58 PM
since we're all having so much fun, how about a game of "hot or not" ooh, ooh, my turn!
http://www.corcoran.com/agents/agent_search_results.aspx?Ln=&Fn=&Of=P&Of_full=Park%20Slope&Lg=&Face=Y
let's see...
Matt Parrella=hot
James Cornell=not
Posted by: guest at March 11, 2008 2:58 PM
More comments:
Too far from the F train
Too close to the F train
Too close to the 2/3 train
Too far from the 2/3 train
Too close to a school
Too far away from a school
Too close to the BQE
Too far away from the BQE
Bathtub is way cool
Bathtub is hideous
Posted by: guest at March 11, 2008 2:58 PM
The Stock market is up 350 points so far today.
Posted by: guest at March 11, 2008 3:01 PM
Christian Powers looks kinda cute.
Bet he has a cute bum.
Posted by: guest at March 11, 2008 3:03 PM
CRUDE CLOSES AT NEW HIGH OF $108.75
Posted by: guest at March 11, 2008 3:04 PM
Monday's close of 11,740 marked its worst closing level since October 2006, and just its third close under the 12,000 mark since November 2006.
Posted by: guest at March 11, 2008 3:07 PM
2:58 - you don't want any other school but PS 321...how dare you even think of it!!
Posted by: guest at March 11, 2008 3:07 PM
Good, 3:04!!!!
hopefully more people will wise up, stop buying suv's, buy a prius and move closer, if not into a city.
oil prices going up is all good news in my mind.
Posted by: guest at March 11, 2008 3:08 PM
"Turn out the lights. The party's over. We are in a recession," said Joseph Brusuelas, chief U.S. economist at IDEAglobal in New York.
Posted by: guest at March 11, 2008 3:08 PM
"Joseph Brusuelas, chief U.S. economist at IDEAglobal in New York."
who?
Posted by: guest at March 11, 2008 3:09 PM
"oil prices going up is all good news in my mind."
Because you enjoy the prices of EVERYTHING going up along with it?
You are truly an idiot.
Posted by: guest at March 11, 2008 3:11 PM
"Central bank loans $200 billion to big investment firms to promote liquidity. But measures aren't prompting banks to increasing lending."
Posted by: guest at March 11, 2008 3:14 PM
$200bn is a drop in the bucket vs. $10 trillion MBS universe. Fed can't reverse fear...
Posted by: guest at March 11, 2008 3:14 PM
If it means becoming self reliant for fuel and cleaning up the environment, 3:11...yes...I will happily pay a few cents more for my milk and eggs.
Is Dick Cheney trolling this blog again?
Posted by: guest at March 11, 2008 3:17 PM
It's not elitist to spend less on a property then send children to private school, 2:56pm if in the end you still come out on top financially. What some people (who are elitist) oddly can't accept is not everyone has the same amount of money as everybody else.
Posted by: guest at March 11, 2008 3:17 PM
also, wsj article speculating that total wall street layoffs could reach 20%. banker placement firm getting 100 resumes per day and only has about 3 slots for those...
Posted by: guest at March 11, 2008 3:17 PM
good. we need less wall streeters in the world.
20% is nothing.
certainly not the end of the world.
Posted by: guest at March 11, 2008 3:19 PM
Our firm (arts) gets about 75 resumes a day and we hire about one person every 3 years.
Does that mean the world is over too?
I can't tell.
Posted by: guest at March 11, 2008 3:20 PM
i second that 3:03. and Dennis McCarthy might be cute w/o the glasses.
Posted by: guest at March 11, 2008 3:21 PM
How appropriate is the new ad banner running on this site???
Posted by: guest at March 11, 2008 3:22 PM
I find it offensive, personally 3:22.
Posted by: guest at March 11, 2008 3:26 PM
Derivatives the new 'ticking bomb'
Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen
Posted by: guest at March 11, 2008 3:29 PM
20% for an industry that provides the majority of this city's financial lifeblood, not to mention the psychological impact for those who haven't (yet) been cut is nothing? whether or not the world ends depends on how you define the world. if you are a broker, the world is probably ending. if you are a buyer with a lot of cash or job security, things are looking pretty rosy.
also, art firm guy. your stats are nice but irrelevant in this discussion. the arts are cool, but that person you hire ain't buying $3mn houses or $1mn condos.
Posted by: guest at March 11, 2008 3:30 PM
Biff Champion warns: Buffett and Gross are disasters waiting to happen.
Posted by: Biff Champion at March 11, 2008 3:32 PM
Hmmm, who to believe? The richest man in the world, or somebody with a terrible screen name?
Tough call.
Posted by: guest at March 11, 2008 3:34 PM
Buffett is a bitter rent stabber. He doesn't "make" money.
Posted by: guest at March 11, 2008 3:38 PM
Whats wrong with the Banner? It says 'Brownstoners Brooklyn Flea"
Did I miss something?
Posted by: guest at March 11, 2008 3:40 PM
I make money in my basement. Its spun from Hipsters hair and infused with the tears of bitter renters.
I think it will definately become an accepted currency in place of the dollar soon...
Posted by: guest at March 11, 2008 3:42 PM
I think they are referring to the "Top Reasons to Leave Brooklyn" banner.
Nice ad for this site, don't you think?
Posted by: guest at March 11, 2008 3:43 PM
"That once in a lifetime real estate opportunity has just arrived. Tucked away in Princes Bay just off Amboy and Bloomingdale Roads is the small private community of The Estates at Opal Ridge."
That's Staten Island, kiddies. Flame on!
Posted by: guest at March 11, 2008 3:48 PM
mmmm, express buses to manhattan.
Posted by: guest at March 11, 2008 3:50 PM
3:34, I'm sorry. We can't all be as creative as you with the screen name.
Posted by: Biff Champion at March 11, 2008 3:59 PM
Sucker's rally. Fed has decided to destroy the dollar to save it. The genius who sold on the UWS and now is retiring on their windfall: hope you socked it away in gold or Euros. Otherwise, lay down Arts and Leisure, and spiff up the resume.
Posted by: guest at March 11, 2008 4:01 PM
Yeah, if it said reasons to leave Park Slope it would be more appropriate.
Posted by: guest at March 11, 2008 4:01 PM
Seriously, all this appreciation in housing prices is really a decrease in the value of the dollar. Wait until the dollar starts to rebound in a few years and housing starts tanking.
Posted by: guest at March 11, 2008 4:04 PM
4:04: Your comment makes no sense.
Posted by: guest at March 11, 2008 4:10 PM
4:10...find me a comment on this site that makes sense.
Posted by: guest at March 11, 2008 4:13 PM
would you care to expand on that thought 4:10. perhaps explain why you believe it makes no sense.
Posted by: guest at March 11, 2008 4:15 PM
house values are actually tied to the value of gold apparently.
Posted by: guest at March 11, 2008 4:34 PM
Not the ad that says "Brownstoners Brooklyn Flea"
The one that says "Brownstoners Flee Brooklyn"
Posted by: guest at March 11, 2008 4:35 PM
"house values are actually tied to the value of gold apparently."
Yes, agreed, in the fairly tale land of Park Slope, I am sure they are.
Posted by: guest at March 11, 2008 4:55 PM
I heard the streets of Park Slope are paved with gold. Is it true?
Posted by: Biff Champion at March 11, 2008 4:58 PM
Fool's Gold.
Posted by: guest at March 11, 2008 5:03 PM
Why yall hatin on my equity!
Posted by: guest at March 11, 2008 5:05 PM
so the house will sell for near to 3.2 don't ya think?
Posted by: guest at March 11, 2008 5:20 PM
Dow Climbs 416.66 for Its Biggest Gain in Over 5 Years
Posted by: guest at March 11, 2008 5:24 PM
The Dow is a game.
Posted by: guest at March 11, 2008 5:36 PM
This blog has become an utter waste of time. Shut it down now!
Posted by: guest at March 11, 2008 5:50 PM
Good, then go away.
Posted by: guest at March 11, 2008 6:42 PM
Crude-oil futures ended Tuesday's volatile session at a new record closing high of $108.75 a barrel, after almost hitting $110 overnight, as Fed rate-cut expectations pushed the greenback to a new low and drove up dollar-denominated oil prices.
Posted by: guest at March 11, 2008 8:00 PM
or you could just go away 5:50. yes, just go away now...
Posted by: guest at March 11, 2008 9:02 PM

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