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June 15, 2009

1094 Park Place Finally Sells

It was a long haul, but the beautiful free-standing house at 1094 Park Place in Crown Heights finally sold earlier this month. After coming to market with Corcoran with a price tag of $1,395,000 in October 2007, the price dropped to $1,199,000 in july 2008; Elliman picked up the listing in September and jacked the ask back up to $1,345,000. In May, after a torrid negotiation process (detailed last week in this Forum post), the house went into contract in mid-May in an all cash deal for $960,000. The buyers who got edged out at the last minute have put up a gazillion interior photos on Flickr that should not be missed by anyone with a thing for old houses.
House of the Day: 1094 Park Place [Brownstoner] GMAP P*Shark

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Comments

cash is the way to do it these days.

Posted by: sam at June 15, 2009 11:41 AM

a 12000 sq ft lot. Sounds suspiciously like development site at that price.

Posted by: Petebklyn at June 15, 2009 11:42 AM

The original $1.395MM price was ridiculous but the $960k is only 20% off of the more realistic $1.199.

Posted by: daveinbedstuy at June 15, 2009 11:45 AM

Edged out for a mere $10,000. Ouch. I know that's gotta hurt because the same type of thing happened to me. And no matter how many people told me "this happend for a reason, blah blah blah," I wasn't hearing any of it. That is, until I came across my current home, which I never thought I would be able to afford, in a much nicer area. It was everything I wanted (my whole wish list realized). So, to the people who lost out on this house, I can only hope that a much better place is waiting for you out there. Don't be afraid to look for deals you think are beyond your grasp. You never know until you try. Good luck, and let this go.

Posted by: MacD at June 15, 2009 11:47 AM

Does anyone know who bought it? I have to agree with Petebklyn, which could be devastating.

Posted by: Montrose Morris at June 15, 2009 11:48 AM

Who is going to build a new building there at his time? I would not sorry about that.

Posted by: sam at June 15, 2009 11:50 AM

Nice contortions, DIBS. Pretzel logic par excellence.

Posted by: SnarkSlope at June 15, 2009 11:53 AM

According to PropertyShark, the new owner's name is Shalom Nagel and it lists his address as 1094 Park Place. Sounds like he may be trying to hide his real property address. Not a good sign. Anybody know the purchaser? PropertyShark shows no other properties in Brooklyn listed in his name.

Posted by: thisnthat at June 15, 2009 11:56 AM

sorry, worse typos than usual above.
I would not worry about tear-downs at this time in Brooklyn, especially in the less super-expensive neibs. It is one of the good side benefits of the Great Recession. A developer would have to sink his own money into the project because there is NO financing at the moment. And developers hate, hate, doing that.

Posted by: sam at June 15, 2009 11:56 AM

I predicted it would be comped for no more than $750K when the bottom gets in (see DOW8000SP800 in HOTD link). At the rate Case-Shiller is going, it looks spot on. You know you're overpaying when it takes 100% LTV to get the deal done. Banks wouldn't touch this with 20% down.

Congratulations to the sellers for bailing out (relatively - minimizing loss?) of this one.

whyrl - "we lost the house". How can you lose what you never had? What a piece of work. Psychotic post. Oh well, it's a blessing in disguise. They can catch it under $750K when it goes to market again. Unless of course they're still upstate or in Conn.

Cathryn Lilly is gangsta! - "You lose. Too bad.".

***Bid half off peak comps***

Posted by: Brownstones Half Off at June 15, 2009 11:56 AM

0% LTV. Kick in, coffee!

***Bid half off peak comps***

Posted by: Brownstones Half Off at June 15, 2009 11:58 AM

I always said, 15-20% would be the bottom for houses in brooklyn, Snark. I don't know this neighborhood but that's a lot of property, with a driveway, for $960 and I don't think anyone's going to argue with that.

Posted by: daveinbedstuy at June 15, 2009 12:02 PM

shalom Nagel?
Montrosse, maybe it is time to worry.
I doubt this is within walking distance of a good Orthodox shul.

Posted by: sam at June 15, 2009 12:02 PM

"The original $1.395MM price was ridiculous but the $960k is only 20% off of the more realistic $1.199"...too funny dude.

Hey DIBS that is one fancy piece of spin doctoring but still very shallow and transparent. Reality is this would not have happen if the market didn't tank massively...read the comments from HOTD...
Great house nonetheless and congratulations to new owners.

MM isn't this in the historic Landmarked district ?

Posted by: pierre de taille at June 15, 2009 12:04 PM

LOL, another classic from dibs

Posted by: cornerbodega at June 15, 2009 12:05 PM

yeah banks dont want to lend or refi in Brooklyn now. I have been hearing horror stories of people trying to refi. Lots of too bads

Posted by: brickoven at June 15, 2009 12:07 PM

> I always said, 15-20% would be the bottom for houses in brooklyn

Yes, but this sold for about 40% off the initial ask.

Calling the initial ask "ridiculous" does not vindicate your failed prediction.

Posted by: SnarkSlope at June 15, 2009 12:07 PM

I'm sorry, but a house like this is not 100 shares of some under performing stock. It's an historic piece of Brooklyn, built for the daughter of one of Bklyn's big shots, and a fine example of eclectic turn of the century architecture. There are no other houses like this in CHN. The interior is full of first quality period detailing, and the entire property could be someone's dream home, a wonderful place to raise a family, or grow old sitting on the porch. I really hate it when a place like this is reduced to a calculation of percentages, and formulas for tossing it around like a bean bag. The amount of time, money, research and heartache the guys who lost it put in shows that a house is more than just the price, or the comps. It's also an emotional, physical reaction to a potential home. That is so often totally forgotten here.

Posted by: Montrose Morris at June 15, 2009 12:11 PM

***Bid 15-20% off more realistic comps***

Posted by: Smudge at June 15, 2009 12:12 PM

Yes it does, Snark. Initial asks are typically always ridiculous. BHO has it definitionally correct...its "off of peak comps."

Posted by: daveinbedstuy at June 15, 2009 12:15 PM

No, Pierre, this is outside of the landmarked district. It is in a future Phase of Landmarking for our area, but that wouldn't protect it now, which is worrisome.

Posted by: Montrose Morris at June 15, 2009 12:18 PM

It would be a travesty to pull this down and build a large (most likely fugly ) piece of crap. He'll have to have all cash for the whole process and that's probably unlikely given the risk to do so right now

Posted by: daveinbedstuy at June 15, 2009 12:21 PM

Actually, sam, it's only a couple of blocks away from Lubabvicher world headquarters.

Posted by: Montrose Morris at June 15, 2009 12:21 PM

I hope they tear the motherfucker down! Build Wondos and fuck the whole neighborhood up!!! You know something? People on Brownstoner have short memories and are two faced!

One one hand plenty of Assfucks was cheering this type of development and now it's "this poor little bitty house", give me a break!

The What (Wondos LMMFAO!!)

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 12:24 PM

Montrosse,
very worrisone.
Can't you petition the landmarks commission to move forward with just this one house as an individual landmark? Call over today, they know and respect you there. Someone could be bottom-fishing so as to demolish prior to designation.

Posted by: sam at June 15, 2009 12:24 PM

> Initial asks are typically always ridiculous.

Mayhaps true, but once upon a time, sellers got those prices.

I even heard tale of a quaint (now obsolete) practice called a "bidding war."

Posted by: SnarkSlope at June 15, 2009 12:25 PM

"Calling the initial ask 'ridiculous' does not vindicate your failed prediction."

Nope. Especially when f''(NY Case-Shiller) < 0. We're already at your lower limit of -20%, DIBS. No bottom in site. YOU FAIL!!!

"a house like this is not 100 shares of some under performing stock"

No, it's one share of tens of thousands of an underperforming housing stock. Get out of here, Monty! Peep the thread file: "sales". When everything went up it was okay to celebrate the market, right?

***Bid half off peak comps***

Posted by: Brownstones Half Off at June 15, 2009 12:26 PM

Anyhoo, it's a beautiful house and I hope it stays put.

Now it's back to the pixel mines for Snarky.

Posted by: SnarkSlope at June 15, 2009 12:26 PM

Congrats to the sellers for getting a good price . . . in a tough market.
I don't blame them for not wanting to deal with the lunatics who claim to have lost out on the deal then posted their tale of woes about the gutters and whatever.
Maybe the seller or their agent realized those poeple weren't serious.
Anyway, what kind of serious buyer changes their mind about Crown Heights and decides to move to Connecticut. . they probably were going to punk out at the closing anyway when no one wanted to clean out their gutters for them.

Posted by: ontheparkway at June 15, 2009 12:29 PM

One one hand plenty of Assfucks was cheering this type of development and now it's "this poor little bitty house", give me a break!

The What (Wondos LMMFAO!!)

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 12:24 PM

WHO WAS CHEERING THAT SORT OF DEVELOPMENT????

Posted by: daveinbedstuy at June 15, 2009 12:33 PM

"Peep the thread file: "sales". When everything went up it was okay to celebrate the market, right?"

Hey BHO Tell 'em again!!!! When it was going up they couldn't shut the fuck up and now they want to do the "Boo Hoo" shit! Cry me a fucking river!

I can't wait for this fall! Just the look on your faces will be enough for me!

"Can't you petition the landmarks commission to move forward with just this one house as an individual landmark? Call over today, they know and respect you there. Someone could be bottom-fishing so as to demolish prior to designation."

WHAT?????!!!! Now you wanna Clot Block the development???!!!! Sick people, just fucking disgusting!

The What (Anyhoo, it's a beautiful house and I hope it stays put., ROTFLMMFAO!)

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 12:34 PM

How many tents could you put in that yard????

Posted by: daveinbedstuy at June 15, 2009 12:36 PM

WHO WAS CHEERING THAT SORT OF DEVELOPMENT????

Remby, Brownstoner, Corcoran, The Developers Group, Century 21, ERA, Remax, Bloomberg,Prudential Douglas Elliman, Halstead and a ton of other stupid motherfuckers!!!

Dave PWNED!

The What

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 12:39 PM

No one on this site, What.

What PWNED.

Posted by: daveinbedstuy at June 15, 2009 12:41 PM

"Anyway, what kind of serious buyer changes their mind about Crown Heights and decides to move to Connecticut."

That's what I was thinking. They whined about "losing" it painstakingly detailed the house's faults, and then were like, "That's OK we found something totally different in another state." Glad they posted the pictures, though.

Posted by: East New York at June 15, 2009 12:43 PM

BHO, you mistake me for someone who is obsessed with the prices and sale of properties. That is most definitely not me. I am concerned with historic preservation, first and foremost, followed by neighborhoods, and the people who inhabit them, so I am more than interested that a place like this is lived in and preserved, not torn down.

Sam, I am hardly a well known name down there, even my real name, but they are aware of the situation.

Posted by: Montrose Morris at June 15, 2009 12:44 PM

MM, didn't you know? BHO is a "home price activist."

Posted by: East New York at June 15, 2009 12:46 PM

I love Brooklyn so much, I want to see it destroyed. I hope my mom stays current on her taxes or her (my) house could be bought out from under me.

Posted by: ghettoazzpnkbtch at June 15, 2009 12:58 PM

I love that staircase.

Posted by: dittoburg at June 15, 2009 12:59 PM

"shalom Nagel?
Montrosse, maybe it is time to worry.
I doubt this is within walking distance of a good Orthodox shul."

It is actually within wallking distance of a bunch of good shuls. Remember 770 Eastern Parkway is the street address of the central headquarters of the Chabad-Lubavitch Hasidic movement in the US. This house is a mere four and a half blocks away. That having been said, as far as I know only a handful of hasidic families live on the northern side of EP and most of them live on the Parkway itself, and not deeper into the area. But, this is exactly the type of house large Hassidic families are looking for, so its not entirely out of the question that a hasidic family would purchase this property.

Posted by: LC Arnett at June 15, 2009 12:59 PM

MM that is indeed very worrisome. This is a classic that needs to be preserved and there appears to be something fishy about that buyer @ least on Property Shark. It is amazing how slow the landmarking process can be stateside...vraiment dommage ma chere.

Posted by: pierre de taille at June 15, 2009 12:59 PM

"Cry me a fucking river!"

...and drown in it. Hey What! Betcha didn't get your hands on this beauty...

"The Best And Worst Cities For Recession Recovery"

http://tinyurl.com/n2bjpz

Among the worst...

"New York City, too, once the capital of finance, is now saddled with Wall Street-induced unemployment and homes that are completely unaffordable for most of the region's residents. The NAHB's Housing Opportunity Index reports that only 14% of homes in the New York-White Plains-Wayne area are affordable on the area's median income--by far the least affordable region measured by NAHB."

Whatchugot for me, What?

"How many tents could you put in that yard????"

LMMFAO! The banks will have no choice but to count this as income during modifications.

***Bid half off peak comps***

Posted by: Brownstones Half Off at June 15, 2009 1:02 PM

"Whatchugot for me, What?"

Well remember a certain Retard (Lives in Bed Stuy) said that "People will continue to buy US Debt".

International Demand for U.S. Assets Slowed in April (Update3)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXBARzduh3uY

June 15 (Bloomberg) -- International purchases of American financial assets grew more slowly in April as China, Japan and Russia pared demand for Treasuries, underscoring the danger of U.S. reliance on foreigners to finance its fiscal deficit.

Chinese, Brazilian and Russian officials have expressed an interest in developing an alternative to the dollar as the world’s main reserve currency, in part citing the record American budget gap.

Read this! Government spending will get killed! Federal, State and Local will have less money to spend on Cops, Firemen and other essential services. New Your is going back to the good ole days. I wonder how long before the 'tards give up, ROTFLMMFAO

Buh Bye Retards thanks for the Good Times, we had a blast!

The What (Get the fuck out) --->

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 1:22 PM

I use data covering an entire metropolitan area to comment on one boro's housing market.

If I practiced what I preached, I would be bidding on properties but I am not. I don't even take my own advice. But you should listen to me because I know so much.

I love hijacking threads so that people will pay attention to me.

I am going to change log in names now and praise myself.

Posted by: ghettoazzpnkbtch at June 15, 2009 1:26 PM

My post at 1:26 was spot on.

Now it is time for me to curse. &*%$(*&

I am now in search of something to cut and paste. Please find this same comment on every other thread today.

Still looking for validation from someone other than my alter egos.

Posted by: ghettoazzpnkbtch at June 15, 2009 1:31 PM

BHO & What,

Your rants are obnoxious and they're getting old. I just bypass them; I hope others do too.

Posted by: faithful at June 15, 2009 1:33 PM

HEY DUMBASS....it says "grew more slowly." Last time I knew any English that meant they are still buying and, in fact, they bought more.

Someday this fucktard is going to learn English.

Posted by: daveinbedstuy at June 15, 2009 1:34 PM

I went to PS 56. They didn't teach me how to read there. I learned my cutting and pasting skills from my DL boyfriend.

Posted by: ghettoazzpnkbtch at June 15, 2009 1:37 PM

Your rants are obnoxious and they're getting old. I just bypass them; I hope others do too.

Posted by: faithful at June 15, 2009 1:33 PM

But you comment on them, right?????

The What

Someday this war is gonna end...

BTW You hate when BHO is right, Right???!!!!!

Posted by: Return of The What at June 15, 2009 1:38 PM

BHO has yet to be right.

Brownstones are nowhere near selling at half off peak comps.

Try and learn the nuances of the language, What.

Posted by: daveinbedstuy at June 15, 2009 1:41 PM

"Brownstones are nowhere near selling at half off peak comps."

Are you sure Dave? 3 and 4 families are going for between 500 and 600 now in Bed Stuy . Before you yell "where is the data" call you local RE office and do some research.

The Whuh is right about you Dave, you are always talking your book.

The What

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 1:46 PM

Where is the data, What????

Posted by: daveinbedstuy at June 15, 2009 1:54 PM

Crown Heights North Assoc. is working on a request to have the building made an individual landmark. If Shalom Nagel cares to reach out to us on this, he can do so by going to the CHNA website www.crownheightsnorth.com and sending us an email.

Posted by: thisnthat at June 15, 2009 2:16 PM

Geez, as much as I love the house, I hate when all of a sudden everyone wants to run down to Landmarks and change the deal. The guy paid a lot of money based on certain terms and conditions, seems unfair to try and change them after the fact.

Does that make me a conservative?

Posted by: denton at June 15, 2009 2:22 PM

"BHO & What,

Your rants are obnoxious and they're getting old. I just bypass them; I hope others do too."

No you don't. You're a liar. Keep reading.

"BHO has yet to be right.

'yet'. I love that word.

"Brownstones are nowhere near selling at half off peak comps."

Gotta pass through -19% to get to -50%. And the current reading is from lagging data so in real time we're probably more than half way there. We shall see come June 30th. And every last Tuesday thereafter. Stuy High's gotta be at the higher limit of the drop range from which the average is computed. Very near dear.

***Bid half off peak comps***

Posted by: Brownstones Half Off at June 15, 2009 2:30 PM

"Geez, as much as I love the house, I hate when all of a sudden everyone wants to run down to Landmarks and change the deal. The guy paid a lot of money based on certain terms and conditions, seems unfair to try and change them after the fact."

Ding Ding Ding!!!!!! They did the same thing on Lefferts place! The Developer shelled out 2.4 million before the LPC shot down his idea and now it's a piece of foreclosed shit. I love the fuckheads on Brownstoner, Ya'll are a piece of work!!!

The What

Someday this war is gonna end...

Posted by: Return of The What at June 15, 2009 2:36 PM

denton, as much as I hate to see anyting like this torn down and replaced with some piece of shit, the conservative republican in me has to agree with you on that point.

I also side with the Chrysler & GM bond holders.

Posted by: daveinbedstuy at June 15, 2009 2:39 PM

"he guy paid a lot of money based on certain terms and conditions, seems unfair to try and change them after the fact."

Agreed. I live a couple of block from here, and this house truly is special, but as long as the guy (or gal) bought it fair and square, it's his/her right to do with it as he/she see fit. I don't think that's about being "conservative." I just think it's about common sense.

Posted by: East New York at June 15, 2009 2:46 PM

This house was worth every penny of the original asking price. It's awesome. Hope it survives because it really is one of kind.

Posted by: pensnyc at June 15, 2009 3:11 PM

If the buyer did his due diligence, he would have known that this property is in the sites of the landmarks commission and is in a potential historic district. Therefore he must have known that tearing it down would present an iffy proposition. Maybe he'll be able to get away with it, and maybe not. So the conservative republicans among you should not be overly concerned that Mr. Shalom gets cheated or blindsided by the landmarks commission. Besides, he may have purchased it for his family. One never knows.

Posted by: Minard Lafever at June 15, 2009 3:15 PM

ENY (and others):

But if the buyer did his due diligence he'd know the property is part of the proposed CHN landmark district's extension and be forewarned about possible changes in the property's status.

No doubt about it, Crown Heights deserves a bigger district, and this house would be a highlight.

Pity the City can't put out stop-work orders until proposed designations are completed. Or can they?

NOP

Posted by: NOP at June 15, 2009 3:16 PM

"If the buyer did his due diligence, he would have known..."

"Therefore he must have known..."

"One never knows."

Make up your mind.

Posted by: East New York at June 15, 2009 3:18 PM

Didn't get anything this weekend, ENY??? :)

Posted by: daveinbedstuy at June 15, 2009 3:30 PM

What,
You keep resorting to this distorted revisionist narrative about Brownstoner readers suddenly being pro-preservation. What planet have you been living on? That's been probably the most consistent theme since this site launched more than 4 1/2 years ago?

Posted by: brownstoner at June 15, 2009 3:33 PM

> This house was worth every penny of the original asking price.

To whom? Non-bidding posters on the intarwebs?

Posted by: SnarkSlope at June 15, 2009 3:35 PM

Dave, it was all that, trust me dude. But unlike you, I prefer to keep my personal life.....personal.

Posted by: East New York at June 15, 2009 3:45 PM

Yo Snarkslope. This house is worth every penny because of its antiquity and high level of craftsmanship. I have a home in the neighborhood and I love it so I have in fact put my money where my mouth is. I posted because I love this house and I think it's a shame that it sat on the market for so long. The fact of the matter is banks are not lending so chalk up 1094 Park Place as a casualty of bad timing.

On a separate note... Crown Heights is a great neighborhood despite the negative posts by the usual morons on this blog.

Posted by: pensnyc at June 15, 2009 4:00 PM

I slept with a co-worker while still married and I posted all about it on Brownstoner yet I believe that no one knows my business.

Posted by: ghettoazzpnkbtch at June 15, 2009 4:00 PM

Mr B., the old saying is "you can't argue with a fool". Why even bother.

Posted by: dittoburg at June 15, 2009 4:02 PM

"What,
You keep resorting to this distorted revisionist narrative about Brownstoner readers suddenly being pro-preservation. What planet have you been living on? That's been probably the most consistent theme since this site launched more than 4 1/2 years ago?"

ROTFLMMFAO!!!!!!!! ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!ROTFLMMFAO!!!!!

RRRRRRIIIIIIIGGGGGGGGHHHHHHHHHHHHTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!

The What (Mr B., the old saying is "you can't argue with a fool". Why even bother.)

Someday the Hypocrisy is gonna end...

Posted by: Return of The What at June 15, 2009 4:07 PM

The house is as spectaclar on the iside as it is on the outside. I understand the point that the buyer has a right to his own property and to do what he wants with it BUT when you are talking about a beautiful, pretty much turnkey property of historic and architectural importance to the neighborhood, tough for the buyer in my book.

But no one looking to buy in Crown Heights could be unaware of the landmarking movement. No one. The buyer can hardly claim to be surprised that a house of this stature would be on LPC's radar. Nor should he be surprised at the amount of protest at the idea it could be torn down.

Posted by: bxgrl at June 15, 2009 4:08 PM

QED

Posted by: dittoburg at June 15, 2009 4:10 PM

oops- spectacular, not spectaclar.

Posted by: bxgrl at June 15, 2009 4:10 PM

How long did it take you to type and copy/paste that, What? I'm impressed.

Posted by: daveinbedstuy at June 15, 2009 4:13 PM

I have nothing to say so I will cut and paste my own comments!

I am angry because the buyer didn't use me as his agent.

Posted by: ghettoazzpnkbtch at June 15, 2009 4:14 PM

What: http://bit.ly/12vnbJ

Posted by: brownstoner at June 15, 2009 4:31 PM

I am the only one but not my cup of tea style of house.

So meh. Replaced or not, it does not bother me.

Posted by: crimsonson at June 15, 2009 4:31 PM

> This house is worth every penny because of its antiquity
> and high level of craftsmanship.

No, this house, like every other commodity, is worth what somebody else is willing to pay for it. In this case, it was about 40% less than the original asking price.

Posted by: SnarkSlope at June 15, 2009 5:02 PM

"No, this house, like every other commodity, is worth what somebody else is willing to pay for it."

Yep. Good intentions and meaningful sentiment are great, but they won't go far when it comes time to pay the bill.

Posted by: East New York at June 15, 2009 5:07 PM

What, if someone posted that ape face about you you'd be all over it as racist, blah, blah, blah

Posted by: daveinbedstuy at June 15, 2009 5:09 PM

If you think everything is only about money, then yes. You have a pricetag. But this house is priceless in other ways.

Posted by: bxgrl at June 15, 2009 5:12 PM

"No, this house, like every other commodity, is worth what somebody else is willing to pay for it."

Yep. Good intentions and meaningful sentiment are great, but they won't go far when it comes time to pay the bill.

Posted by: East New York at June 15, 2009 5:07 PM

ENY...that's actually the reason this problem has occured...people used the house as an ATM to pay the bills. never before in the history of real estate did all this refi shit ever rear its ugly head. That said, I used it to buy investment properties, a garage and a few cars. Lucky i paid it all off in 2007.

Posted by: daveinbedstuy at June 15, 2009 5:17 PM

Painful process, yes
But S and B saved their skins
Country Life awaits

Posted by: BrooklynGreene at June 15, 2009 5:48 PM

For what it is worth
BrooklynGreene amuses me
Haiku to you too

Posted by: SnarkSlope at June 15, 2009 6:07 PM

The interior detail in this house is stunning, and it would be a crime to see it destroyed... but my gut tells me this is going to go tear-down - condo or McMansion.

Although I do remember a yellow frame house in non-landmarked PLG being saved from the wrecking ball as a one-off... Anyone involved in that care to advise on this? Another PLG house (the one on the park)was taken down after much protest (but I don't believe that was anywhere near as architecturally significant as this house.

But remember, you can only landmark the EXTERIOR of this house, and most of it's value is on the interior. Yes, the exterior is very nice, but I wouldn't say it's phenomenal (like some other freestanding homes in PPS, BH, PS, FG, etc....). It's more interesting than beautiful.

Posted by: Architerrorist at June 16, 2009 7:41 AM

Also, where's the link to the postings by the buyer who claims he got shafted on this deal? I never saw them... How does everyone know that he/she moved to CT?

Posted by: Architerrorist at June 16, 2009 7:43 AM

According to Property Shark, this is a forclosure, no?

Posted by: Architerrorist at June 16, 2009 9:14 AM

« More Gowanus Goop Co-op of the Day: 152 Prospect Park West, #4B »

June 15, 2009

1094 Park Place Finally Sells

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