Last Week's Biggest Sales

Sunset Park with 2 of the top 4 biggest sales of the week? Wow.

Posted by: guest at June 3, 2008 11:50 AM

Properties with "retail space" really shouldn't be considered in this. That's a different issue, and I supsect that the vast majority of people reading this blog would not want to become a commercial landlord.

Posted by: guest at June 3, 2008 12:00 PM

meh

Posted by: guest at June 3, 2008 12:08 PM

Sunset park going up big time. Carroll Gardens continues to go higher , that is a great block 2nd place. WOW WOW WOW. I am looking to buy a place and i think its time now.

Posted by: guest at June 3, 2008 12:21 PM

right, 12:21. broker much? any real potential buyer wouldn't be trying to cheerlead prices BEFORE making an offer. WOW WOW WOW, my a$$

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

Broker hype used to be a little harder to spot.

Posted by: guest at June 3, 2008 12:42 PM

I pay less than $2000/month in rent for a 1br apartment in a brownstone about a block away from that CG condo that just sold for $1m. Crazy!

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

Not for long, 12:58...rent is going up to $2500 next renewal!

Posted by: guest at June 3, 2008 1:06 PM

Is that the first sale on the 2nd Place condo, or a re-sale? That whole building was renovated as condos a year or 2 ago, and this was the only single floor unit. You can still see it on the RiggNYC website. Looks like it was originally on market for $995,000, which I thought was way too high at the time.

Posted by: guest at June 3, 2008 1:12 PM

@1:06

We're actually moving out of that place in the fall regardless. Crazy CG old-timers are happy to take your money but hate having you in the neighborhood.

Posted by: guest at June 3, 2008 1:16 PM

I am 12:21 and i am not some low life Real estate agent. I would rather be called a Shoe salesman. I was simply looking at the numbers and it is what it is. CG has been selling big. As far a sunset i have no idea. The brownstone market as a whole is strong that's that. If anyone does not like that then simply pack up and move to that wonderful state that is Bankrupt called New Jersey.

Posted by: guest at June 3, 2008 1:16 PM

1:16 that's why all the old timers are doomed. There are not many left. The new Blood has come in and taken out the old dogs.

Posted by: guest at June 3, 2008 1:30 PM

For those of you who don't like the High rents and stuff Brooklyn has to offer I hear Nebraska is nice this time of year.

Posted by: guest at June 3, 2008 1:32 PM

right, 12:21. broker much? any real potential buyer wouldn't be trying to cheerlead prices BEFORE making an offer. WOW WOW WOW, my a$$

Posted by: guest at June 3, 2008 1:46 PM

Hey 1:32, your reading comprehension skills suck. I was the only person in this thread talking about rents, and I was commenting on how low mine was compared to the price someone paid for a condo on my block. Now, I'll grant you that I'd rather move than pay my ancient, bigoted, insane landlord another cent, but that's a value calculation about my apartment and not Brooklyn in general. If Nebraska's so nice, maybe you should try it...?

Posted by: guest at June 3, 2008 1:46 PM

I rented in CG and I agree with 1:16. Loved the hood, but the old landlady was a coot.

1:30 is wrong. There are tons of them left, they aren't going anywhere for a long time, and then their kids are moving in to be your landlord.

Posted by: guest at June 3, 2008 1:53 PM

inane, bigoted landlords are another reason to buy, fyi...

Posted by: guest at June 3, 2008 2:00 PM

@ 2:00

You are so right. Now I just need figure out a way to triple my salary and find at least another $100k for a down payment... Doh.

I'm not bitter about renting; I'm resigned to it.

TP in CG (aka 1:16 & 1:46 in this tread)

Posted by: guest at June 3, 2008 2:15 PM

TP....If you are paying 2000 a month in rent, you can afford to buy a small place.

I pay about 1500 a month in mortgage and maintenance for a prime park slope studio. With the interest deduction, it's more like 1100 a month. No way I'm gonna find something to rent for that price...that's for darn sure. If you start out small, it still does pay to buy over rent...

Posted by: guest at June 3, 2008 2:41 PM

oh yeah, the downpayment.

i only make around 60K a year and i did it...

Posted by: guest at June 3, 2008 3:09 PM

@Bold type guest

In progress. 20% of a 1br in Brooklyn is a lot of money, as I'm sure you know.

TP in CG

Posted by: guest at June 3, 2008 3:15 PM

So this conversation is getting unnecessarily sidetracked re the state of my finances... suffice it to say that I want to buy and I'm saving up, but it's a long road.

I just thought it was interesting that a condo that's just a little bit bigger than my rented apartment down the block sold for $1m, when if you follow the 15x rent rule of thumb you'd be paying Jersey City prices for my place. So either I'm getting a great deal (landlord craziness aside) or the dude who bought that place got hosed. Maybe both?

Posted by: guest at June 3, 2008 3:25 PM

CG has that great, old neighborhood feel, as long as you are white. I lived there for a while and the fact that I was in an interracial couple was a huge problem for the old-timers. I cannot tell you how many times I heard racist comments there (folks thought I wouldn't care as I am of Italian descent). I couldn't take it anymore, so I moved to PS.

Posted by: guest at June 3, 2008 3:59 PM

Last week's biggest reductions:

Washington Pk, Ft Greene [Corcoran 1114415]
- WAS 3.625mil, NOW 3.350mil

Prospect Pk West, Park Slope [Corcoran 1244282]
- WAS 3.250mil, NOW 2.995mil

52 Ft. Greene Pl [Corcoran 1228058]
- WAS 2.250mil, NOW 1.999mil

Willow Pl, Brooklyn Heights [Corcoran 1207202]
- WAS 3.450mil, NOW 3.250mil

[shelltoe]

Posted by: guest at June 3, 2008 4:10 PM

shelltoe,

Yes, yes...price cuts...hhhh...
...but those were crazy prices to begin with. AND, notice they are all CoCoran listings (or do you work for their competition?).

Cobocram has been overpricing properties for years which end up sitting and languishing. Too bad. I would never use them...even though they recently sold the next-door property to us. I guess that particular agent was more reasonable...the place was overpriced initially but due to some weird stuff, a sale fell through and they ended up having to sell later for less ("later" not being the best thing right now for sellers!)...luckily not a whole lot less, but less. Or course, the owner was looking for a ridiculous profit considering.

Posted by: guest at June 3, 2008 7:13 PM

Funny thing is there are not any BLK people in Cobble Hill Or Bklyn Heights either. I am a Blk female in CG and I get along just fine.

Posted by: guest at June 3, 2008 8:42 PM

both new owners in sunset pk only owe $400k mortgage on the property, they're putting down $1m! 4115-8ave is not even prime commerical block, not worth that kind of money!

Posted by: guest at June 3, 2008 9:20 PM