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December 5, 2008

Brooklyn Bargains? This Week's Condo Price Cuts

30-bayard.jpg 30 Bayard Street #10B
1419-sf, 3-bed, 2-bath
Original listing: $1,280,000, 10/27/08
Price as of 12/02/08: $1,195,000
Listed by Elliman

northfirst.jpg 66 North 1st Street #3B
1079-ft 1.5-bed, 2-bath
Original listing: $799,000, 11/28/08
Price as of 12/02/08: $775,000
Listed by Corcoran

360-furman-511.jpg 360 Furman Street #511
683-sf studio, 1-bath
Original listing: $795,000, 6/26/08
Price as of 12/02/08: $695,000
Listed by Stribling




Posted by lisa at 10:02 AM | Comments (9)
Categories: Price Cuts

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Comments

brownstoner, furman st. is 695, not 95.

Posted by: goldie at December 5, 2008 10:07 AM

360 Furman Street
Original listing: $795,000,
Price as of 12/02/08: $95,000

Wow, from "795,000 to 95,000." I guess the sky is falling or at least the typos are.

Posted by: Brooklynnative at December 5, 2008 10:07 AM

$95K would be a steal for Furman -- but it is $695K!

Posted by: BH76 at December 5, 2008 10:08 AM

typos fixed, folks!

Posted by: lisa at December 5, 2008 10:09 AM

some here would think it should be 95, or will be by Q4'09.

Posted by: goldie at December 5, 2008 10:09 AM

360 Furman Street
Original listing: $795,000,
Price as of 12/02/08: $95,000

Wow, from "795,000 to 95,000." I guess the sky is falling or at least the typos are.

Posted by: Brooklynnative at December 5, 2008 10:11 AM

"some here would think it should be 95, or will be by Q4'09."

95 by Q409?

I'll say 525.

Lets compare notes then.

Posted by: Prodigal_Son at December 5, 2008 10:27 AM

You call these bargins? Wait a little longer say a few months. Things are going to get really really interesting

Posted by: hannible at December 6, 2008 8:16 PM

I've been hearing so much of the "things will get interesting/prices will fall in a few months" chatter, but I'm not sure what it's based on. I don't have my head in the sand, and I realize what's happening to the economy, but what looms on the horizon that is going to change the game even further?

Outside of job losses and mounting pressure for developers to sell sell sell, or rent rent rent, there are also pieces in place to give home buyers a life - like 4.5 from Fannie and Freddie - that could counterbalance the downward trend and stabilize the situation somewhat.

But if anybody knows anything that can point to $800k condos suddenly being available for $500k, please share.

Cheers!

Posted by: zuzubird at December 7, 2008 10:05 AM

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