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March 20, 2009

Open House Picks

houseCarroll Gardens
417 Sackett Street
Corcoran
Sunday 1:30-2:30
$2,875,000
GMAP P*Shark

houseBoerum Hill
238 Wyckoff Street
Corcoran
Sunday 1-3
$1,700,000
GMAP P*Shark

houseWindsor Terrace
323 Vanderbilt Street
Corcoran
Sunday 1:30-3
$1,075,000
GMAP P*Shark

houseBedford Stuyvesant
740 Macon Street
Abode Properties
Sunday 1-2
$950,000
GMAP P*Shark




Posted by Brownstoner at 1:08 PM | Comments (29)
Categories: Open Houses

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Comments

Bed Stuy...three fireplace pics and no kitchen and bath. Jeesh, what an idiot.

Posted by: daveinbedstuy at March 20, 2009 1:19 PM

saw the wyckoff street house. nice house and block, but sandwiched between 2 housing projects. 1.7 seems expensive to me as well

Posted by: supreme at March 20, 2009 1:26 PM

I LOVEEEEEEEEE the CG and BH houses, but the BH house is WAY over priced- right?

The WT house is nice too - I think priced well!

Posted by: gemini10 at March 20, 2009 1:26 PM

I bet the kitchen and the baths are from 1972. That price is very crazytown. It need to come down to 200K. The comps in the area are not supporting this price... That said the house looks charming and good block.

Posted by: Amzi Hill at March 20, 2009 1:27 PM

Price on the WT house is so 2006. Yes, it is a two family, but who wants to pay over 1 million to have a tiny second bedroom and renters above? Besides, not really prime WT location.

Posted by: househunt at March 20, 2009 1:35 PM

PS love that the open house on Macon Street is just 1 hour
um hellooooo - you might need to work just a wee bit harder in this market missy!

Posted by: gemini10 at March 20, 2009 1:41 PM

Bad timing for the Sackett Street house. The Sackett Street house has a nice reno, but why would anyone spend nearly $3M to be 2 blocks from the projects and zoned for PS 32 - not a great school. This house is not off of Clinton Street. The sellers or folks at Corco need to cut the price considerably. It is overpriced by nearly a $1M.

Is the Vanderbilt house really in Windsor Terrace> it is on the Greenwood Cemetary side of the Prospect Expressway.

Posted by: vinnie_barbarino at March 20, 2009 1:44 PM

I like the feel of the area where that Vanderbilt house is, but it's about three blocks from the subway and five or six to Key Food. Real problem is that the second bedroom, in both units, appears to be a windowless room.

Posted by: Sparafucile at March 20, 2009 1:52 PM

taxes on Sackett St are $11k+. which is maybe 600month more than I would expect a single family house to be.
This was owned by St. Agnes and then sold off few years ago-and lot divided. The high taxes are what happens when change CofO...and I know often in Forum they ask about wanting to change it. Don't.

Posted by: Petebklyn at March 20, 2009 1:54 PM

EH Retards! I think the days of free money is over! I thing the sellers here better take the first offer and run with it!

Bernanke Says Fed Aims to Ease Credit-Market Strains (Update2)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGp4LvL6MYoc&refer=home

"Policy makers said on March 18 the central bank will try to end the worst financial crisis in seven decades by buying as much as $300 billion of long-term Treasuries and more than doubling mortgage-debt purchases to $1.45 trillion. The moves are intended to pare home loan and other interest rates."

Translation: The Chinese are fed up supporting a retarded profligate lifestyle and are dumping long term debt. Somebody has to absorb that paper and guess who that is? The Retarded American Tax Slave, that's who!

The What

Someday this war is gonna end...

Posted by: Return of The What at March 20, 2009 2:08 PM

I thought if there weren't any windows you could not legally call it a bedroom, perhaps a study. As for the WT location, it's too close to the expressway and that leg of the F is a huge hassle.

Posted by: househunt at March 20, 2009 2:08 PM

What - I actually agree 100% with you on this one. Why is the Fed saying they are going to buy up all of this paper on the one hand just a week after Obama plans to issue a whole bunch of new paper on the other?

I think all of these guys have no clue what they are doing anymore - just reacting on a daily basis.

Posted by: newsouthsloper at March 20, 2009 2:14 PM

Hooray, another week of open house picks that are completely out of the price range of anyone who's not wealthy.

Posted by: cwbuecheler at March 20, 2009 2:14 PM

Wycoff is way overpriced (these all are) - 3rd BR on top floor is tiny, no powder room on parlor, crummy school.

Posted by: Miss Muffett at March 20, 2009 2:15 PM

Does anyone at Corcoran know how to do a comp, seriously.

Posted by: Xander Crews at March 20, 2009 2:19 PM

WT spans both sides of the expressway over there - Kensington technically starts at Caton Ave. And yes, it is sweet over there, but no services. That said, this seems high for basically a 1+ BR with rental. I would take the cute little 3 BR house on Reeve (last week's OHP) for less money any day.

Posted by: WTbound at March 20, 2009 2:19 PM

Can anyone tell me what period style the WT house is? I essentially have the same house in red brick without the curved tops on the windows and have been trying to pin down the style. Ours is a one family though.

Posted by: TownhouseLady at March 20, 2009 2:28 PM

Terrible square footage inflation on the Wyckoff house. They used the exterior dimensions and some creative rounding. And even with their numbers it's $621 per sqft. It's more like 2230 sqft for $762 per. It's well above neighborhood asking prices on a less than average Boerum Hill block.

Posted by: deen at March 20, 2009 2:36 PM

Pound for pound my pick is the BedStuy house. Love all the details. Probably needs a kitchen and bathr eno but for under a mill it's to be expected.

Posted by: TownhouseLady at March 20, 2009 2:42 PM

"Terrible square footage inflation on the Wyckoff house. They used the exterior dimensions " --- that is precisely how sq footage is determined. Not just here in NYC but anywhere.

Posted by: Petebklyn at March 20, 2009 2:45 PM

THL, I'd have to say basically, Neo-Grec, with a bit of Romanesque Revival tossed in, with those arched windows. Both are in the same general time period of 1880's through 90's.

Posted by: Montrose Morris at March 20, 2009 2:46 PM

" Why is the Fed saying they are going to buy up all of this paper on the one hand just a week after Obama plans to issue a whole bunch of new paper on the other?"

It's called Circle-Jerking! I think they need to Jerk faster....

The What

Someday this war is gonna end...

Posted by: Return of The What at March 20, 2009 2:51 PM

Thanks MM!!

Posted by: TownhouseLady at March 20, 2009 2:53 PM

Newsouth and What -- Actually it's pretty much business as usual for the Fed, it's just on a huge scale. The Creature from Jekyll Island lays out Fed history well and in plain English. You may disagree with some of his conclusions, but the history is reliable.

Posted by: bridges at March 20, 2009 4:11 PM

What...question:

I figure you actually digest financial information and come up with your rants. I like them from time to time. What are your thoughts on inflation. I worry that massive inflation will distort the prices. They keep lowering mortgage rates and encouraging home ownership again. What effect do you think that will have on prices in the long tern? If we look at Quantitative Easing in the past, and the massive dollar printing press, won't that actually increase prices in a ridiculous way. I am sort of a watching this with no skin in the game...your thoughts?

Posted by: LincolnSlope at March 20, 2009 5:31 PM

I saw the BH house last weekend. Close to subways and Smith Street. Nice reno. The best part is that they have a cellar that is begging to be finished and could easily get sunlight in the back, giving you potentially 4 floors of living space.

Posted by: boroughbred at March 20, 2009 11:30 PM

"What are your thoughts on inflation. I worry that massive inflation will distort the prices."

I thought with the election of Obama maybe we would get some sanity back in Government but, boy I was wrong! I think we are in for some massive inflation because you cannot direct where money should go (Propping up Housing). It will go the the Pigmen to speculate in the commodity and energy markets, hello 4.00 a gallon gas!

"hey keep lowering mortgage rates and encouraging home ownership again."

There are no more Retards willing to smoke crack anymore! No one wants to borrow money, they want to pay down their debts and with Mortgage guidelines tighting how many people qualify for one anyway?

"If we look at Quantitative Easing in the past, and the massive dollar printing press, won't that actually increase prices in a ridiculous way. I am sort of a watching this with no skin in the game...your thoughts?"

We are in big F***** trouble! The US Dollar is the worlds currency!!! If we takes these steps now then we are F***ed. You want to smell napalm??!! You wait when the Bond market goes Whiskey Tango Foxtrot!!!!!!

The What (Pass the crack pipe)

Someday this war is gonna end...

Posted by: Return of The What at March 21, 2009 12:39 AM

The BS house may be nice but its whey over priced.... Not a prime area....

Posted by: PC at March 21, 2009 11:36 AM


Seller's are still delusional. They're asking the same crazy prices today that they were asking at the height of the bubble. After languishing for months and months, these sellers will wake up and chop their asking prices. It's funny how damn greedy people are. Instead of asking low prices and encouraging bids, most sellers ask crazy high prices hoping for one leftover moron to show up and make an offer. They'll all end up getting even LOWER prices months from now than they would have if they had listed reasonably today. Very foolish . . .

Posted by: IronBalls at March 23, 2009 6:50 AM

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