Open House Picks 6 Months Later: 9/21/07

Is it possible to find out what the houses actually sold for?

Posted by: guest at March 14, 2008 12:30 PM

I was told by a broker in the know that the St. Marks place went into contract for $1.4.

Posted by: guest at March 14, 2008 12:30 PM

Brownstoner how about a COTD six months follow up as well?

Posted by: guest at March 14, 2008 12:34 PM

398 Bergen didn't sell back then. It was recently relisted with Warren Lewis at $1.75, and was an Open House Pick on Feb 8.

http://www.brownstoner.com/brownstoner/archives/2008/02/open_house_pick_166.php

Posted by: guest at March 14, 2008 12:34 PM

12:30....you heard wrong.

Posted by: guest at March 14, 2008 12:36 PM

1190 Dean is BACK ON THE MARKET!!!!!!!!!!!!! It fell out of contract!!!!!

Go do some research! Mar 13

http://newyork.craigslist.org/brk/rfs/604724768.html

1190 Dean Street
4 Apts. Presently Occupied
Ground Floor/Duplex w/ Enclosed Backyard/Delivered Vacant
Ownwers Garden Apt./Live Rent Free Rent Roll $81,600. Hardwood Floors/Spectacular Detail/ Original Wood Mouldings
Excellent Condition
Motivated Seller/Price Neg.

Building Dimensions: 19.5 ft x 50 ft
Lot Dimensions: 19.5 ft x 95 ft.
Lot SF: 1,853

DEAN ST. at BEDFORD AVE.

Oh BTW The Bear Sterns news is very fucking bad!

Bear Stearns Gets Emergency Funds From JPMorgan, Fed (Update3)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHNjYZCxKYds&refer=home

The first time since the DEPRESSION that the FED has to bail out a Securities firm! LMMFAO!!

The What

Someday this war is gonna end

Posted by: guest at March 14, 2008 12:38 PM

I know the broker who was renting apartments in that house she told me it fell thru!!!!

The What (Right again)

Someday this war is gonna end.......

Posted by: guest at March 14, 2008 12:53 PM

as everyone here knows gabay never does any research

Posted by: guest at March 14, 2008 1:03 PM

so basically none of these have sold/gone into contract yes?

Posted by: guest at March 14, 2008 1:06 PM

"BHS broker said yesterday Dean was in contract, though that Craiglist ad certainly tells a diff. story! Hmmm. "

Ah yes, if the broker said it, it must be true.

Posted by: guest at March 14, 2008 1:14 PM

THE ONLY PROPERTY WHICH ACTUALLY SOLD WAS THE ONE IN PARK SLOPE!!!!!!!!

LOLOLOLOLOLOL

Posted by: guest at March 14, 2008 1:21 PM

It's not a "mixed picture" if three of four properties haven't sold in six months, despite price markdowns.

Oh, but I forgot -- there's no reason to be concerned, since housing prices in NYC can only go up.

Posted by: guest at March 14, 2008 1:22 PM

PARK SLOPE WINS, AGAIN!!! PS RULES!!!

Posted by: guest at March 14, 2008 1:23 PM

wheres that other great limestone that was being sold to a "TV producer"

Posted by: guest at March 14, 2008 1:29 PM

The business news does semm to be worsening by the day.
This may not be the ideal time to buy a super-expensive brownstone in Brooklyn.

Posted by: guest at March 14, 2008 1:31 PM

Seriously, Brownstoner, it must be possible to check the government records to see (1) if the property closed and (2) at what price. Can you add that? Right now, it's just speculative.

Posted by: guest at March 14, 2008 1:32 PM

1:21 didn't 12:34 say the PS house is back on the market with Warren Lewis aksing $1.75m? So it didn't sell either.

Posted by: guest at March 14, 2008 1:37 PM

"don't really understand why a broker would lie about something being in contract. they'd prob. want the listing out there if it was still on the market, no?"

Gabby is that a serious question? Have you ever met a broker?

Posted by: guest at March 14, 2008 1:40 PM

"The business news does semm to be worsening by the day. This may not be the ideal time to buy a super-expensive brownstone in Brooklyn."

Unless that house is in Park Slope.

Posted by: guest at March 14, 2008 1:40 PM

Gabby curious to know why you think the results are mixed if none or at best only one of the 4 houses have sold even with price reductions?

Posted by: guest at March 14, 2008 1:42 PM

Gabby -- I think you should state up top that none have closed.

How long does it usually take for a sale to close and become public record. Usually about 3-4 months from the time of the agreed price. So, if none have closed from 6 months before, is that a sign of a problem?

Also, if it seems like 6 months isn't enough to get closing records, maybe add a 9-month later look-back, and list contract date and closing prices. Really the closing price is what matters.

Posted by: guest at March 14, 2008 1:43 PM

1:40 the PS house did not sell either. It is still for sale at $1.75m

Posted by: guest at March 14, 2008 1:44 PM

The Park SLope ST MARKS HOUSE sold.

It's the Bergen St. one that's still for sale.

So Park Slope still RULES!!!!

Posted by: guest at March 14, 2008 1:50 PM

"Mixed" assessment based on two (seemingly) being in contract not a mile away from ask.":

1. But you don't know what they allegedly closed for. You only the last ask which could be miles away from the closing price.

2.105k price cut on the Dean St house is not "a mile from original ask"?

Posted by: guest at March 14, 2008 1:53 PM

The What actually is in Kansas or the suburbs. I don't believe for one millisecond he lives in NYC. He's never indicated he does. He only posts stuff he reads on national news websites. He doesn't name specific examples of houses on his block that sold or didn't sell, etc. or tell anecdotes about friends who bought or sold properties here like everybody else does when presenting an argument. Nothing he says in his arguments show he has a real knowledge of the Brooklyn communities. Today he tried to claim there's a realtor here he knows, but think about it. Anybody anywhere can phone up a realtor and ask a question. It's no proof of anything.

Posted by: guest at March 14, 2008 1:59 PM

1:53

Not when it was bought for 300K a few years ago, no.

Posted by: guest at March 14, 2008 1:59 PM

"Guess we'll start doing 9 months later"

That would be too far behind. Would have no relevaance to the present market. Stick with 6 months but just try and do a little more research next time if you want to be taken seriously.

Posted by: guest at March 14, 2008 1:59 PM

Who knows about this case, any offer can fall through, but the brokers in general have everything to gain and nothing to lose by saying it's in contract when it isn't. They're never going to admit they didn't sell a house 6 months later. Meanwhile even if it isn't true, hundreds of people will have read it here that broker did sell the house. If it's revealed later to not have happened, most will miss that update in info and the broker still gets the positive (and free) advertising.

Posted by: guest at March 14, 2008 2:02 PM

1:59 300k a few years ago? what does that have to do with how far from ask it is and "mixed assessment" opinion?

Posted by: guest at March 14, 2008 2:04 PM

Uh 1:59 PM I was the one who bought 1190 Dean St. to everyone attention.

"He doesn't name specific examples of houses on his block that sold or didn't sell, etc. or tell anecdotes about friends who bought or sold properties here like everybody else does when presenting an argument"

I'm a Broker and the stories (Oh GOD) would be too long. But I know one thing plenty of people got jerked during this run-up. The assfucks whiffed the Kool-Aid and became Homedebters. Now gravity is coming back to the markets (see Bear Sterns) and it's so over.

RIP MREB

The What

Someday this war is gonna end...

Posted by: guest at March 14, 2008 2:08 PM

1:59 --

I think that we need a look-back that shows at what price houses actually closed.

6 months ago, with no real price information, is not better than 9 months ago with actual information.

Anyway, people always jump all over the "median home price" data that is released, and that's pulled from recorded sales, so it's inherently many months old information.

Posted by: guest at March 14, 2008 2:10 PM

all these houses will sell in 15 years for 5 million or more.

that's all you really need to know.

Posted by: guest at March 14, 2008 2:19 PM

Everyone can come over tonight to celebrate my "Fifth Anniversary of the first time of The What Saying IT'S OVER--TODAY!!!" party tonight. It's gonna be great. We'll have a contest to determine how many days in a row he's "predicted" the end. Kinda like the jar of jellybeans. Good luck!

Posted by: guest at March 14, 2008 2:36 PM

I agree with the people who are saying that the 6 months later stuff is kinda worthless since it is impossible to get any hard information. I know that the St. Marks house went for under ask. This is just a another tool for brokers to sucker people into thinking that the market is healthy.

Posted by: guest at March 14, 2008 2:36 PM

I would think that people in Park Slope would be embarrassed to admit that the St. Marks house is in Park Slope. That is one depressed block, and technically not in Park Slope, although has certainly taken advantage of the prices increases in the Slope.

Posted by: guest at March 14, 2008 2:39 PM

2:19 - that may be all you need to know if you are a current owner, but if you are a prospective buyer you must be wondering whether you can sit on the sidelines for a bit longer and get better value for money. Obviously no one can successfully "time the market" for housing, but I think any prospective buyer with half a brain realizes that we aren't anywhere close to the bottom yet.

Posted by: guest at March 14, 2008 2:40 PM

Can you imagine being The tWhat's client?

"Here, rent this apartment, fucktard!"

"No, I don't like the way it looks. The bathroom is dirty and the kitchen is too small."

"Shut the f*** up, asshat, and sign this lease! Trust me, I'm a graduate of PS 56 and have a PhD in STREET ED."

"No, I'm going to visit the Corcoran office."

"Your mother eats s***, motherf*****. Wait 'til I see you on the street. I'll pummel you with my laptop, 'tard!"

Posted by: guest at March 14, 2008 2:45 PM

Why couldn't I myself have called up that Dean Street broker and asked myself if it were back on the market? I could. Doesn't prove The What lives in Brooklyn just because he got that info.

He says he's a broker and that detail on top of his promoting the suburbs the other day is proof he's a broker in the suburbs trying to whip up panic about buying in Brooklyn. So he can drive people to the suburbs.

You're cold busted, What.

Posted by: guest at March 14, 2008 2:47 PM

2:45 PM Thats funny!

The What

Someday this war is gonna end..

Posted by: guest at March 14, 2008 2:55 PM

2:47. You are exactly right. I have a lead to who he might be actually.

But you are correct.

THE WHAT is a broker in the burbs!

Good catch!!!

Posted by: guest at March 14, 2008 3:02 PM

So? What's the lead? I am infinitely curious about the What's existence and what meds he might take.

Posted by: guest at March 14, 2008 3:18 PM

I have my suburban broker spies working on it for me.

Posted by: guest at March 14, 2008 3:21 PM

Thanks, 3:02. After months of seeing his rants his agenda really started to emerge as well as more and more clues.

No broker in Brooklyn would intentionally panic people about buying in Brooklyn. There's just no way he lives here.

The What-Buster

This war just ended...

Posted by: guest at March 14, 2008 3:37 PM

The What is Mr. B. It's the best way to drive up page views in a sinking market.

Posted by: guest at March 14, 2008 3:37 PM

I find it funny people want to find my identity but, don't want to know about our economic situation. The Bear Sterns new should have been to topic of discussion but, it's about The What. You are about to go thru economic hell in a few weeks. The price of everything has skyrocketed to the moon but, you want to find out who The What is. Get a fucking grip, I not hiding under some "anon". I'm out front and center taking a position thats unfavorable to bubble heads. That takes some real courage not the punk shit "Ghetto Guy" do. When this shit breaks I will have a fucking ball because I know the war will soon be over. Remember this...

All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer

The What

Someday this war is gonna end....

Posted by: guest at March 14, 2008 3:41 PM

KABOOM!!!!!!

Posted by: guest at March 14, 2008 3:42 PM

his tone is softer now. you guys must be getting close.

Posted by: guest at March 14, 2008 3:49 PM

His tone is softer AND more importantly he never denied any of the accusations. All he said was it's ironic that we are busy wondering his identity but should still be listening to what he is saying.

So it means we did figure out the who and the what of The What.

Posted by: guest at March 14, 2008 4:03 PM

he also referred to us as "you will be in economic hell"

as in...he doesn't LIVE in the city with us.

he lives in the freakin burbs and wants us all to panic and buy in west orange!!!

not gonna happen, the what!!!

Posted by: guest at March 14, 2008 4:11 PM

i would of gotten away if it wasnt for those meddling kids.

Posted by: guest at March 14, 2008 4:13 PM

If this market is so fragile that the What could affect it, it's in worse trouble than I thought. I hear Port Washington is really pretty - views of the water, older houses, one stop to Manhattan, 1/4 the price of Brooklyn. Anyone know anything?

Posted by: guest at March 14, 2008 4:27 PM

i know you are a broker in port washington, 4:27.

what else did you want to know?

Posted by: guest at March 14, 2008 4:32 PM

Exactly, 4:11. The What has never said "we" when talking about Brooklyn. Not even once, ever. It's one of the things I meant when I said he never talked like somebody who lived in Brooklyn or was from here originally. This guy has no connection to Brooklyn.

Posted by: guest at March 14, 2008 4:40 PM

who says asshats and fucktard in brooklyn.

Posted by: guest at March 14, 2008 5:22 PM

when the s**t hits the fan, who do we kill first, the brokers or the lawyers?

Posted by: guest at March 14, 2008 6:35 PM

The what is about the exact opposite of what a suburban real estate broker would be like.
You have to be super nice and laid back. Think of the Simpsons next door neighbor, hidalee-doodalee! -that's more the type.

Posted by: guest at March 14, 2008 7:00 PM

Oh well Lick my balls and have a good weekend, fucktards!

The What

Someday this war is gonna end..

Posted by: guest at March 14, 2008 7:04 PM

poser

Posted by: guest at March 14, 2008 8:28 PM

Gabby/Brownstoner when you post crap like that which is found to be untrue/inaccurate/misleading it leads people to doubt everything that you post and wonder if you are in collision with the brokers.

Posted by: guest at March 15, 2008 9:55 AM

shut up, 9:55.

Posted by: guest at March 15, 2008 1:37 PM