« Tavern on Nostrand RIP Co-op of the Day: 126 Greene Avenue, #2W »
November 3, 2009
Last Week's Biggest Sales
1. PARK SLOPE $1,695,000
247 6th Avenue GMAP (left)
A 3,420-sf, 3-family, per Property Shark. Entered into contract on 7/14/09; closed on 10/15/09; deed recorded on 10/28/09.
2. GRAVESEND $1,500,000
1710 East 5th Street GMAP (right)
This 2-family house on the Gravesend-Midwood border hit the market in May '07 asking $4,250,000, according to StreetEasy, and was asking $2,699,000 as of May '08. Entered into contract on 9/30/09; closed on 10/26/09; deed recorded on 10/27/09.
3. BROOKLYN HEIGHTS $1,415,000
One Brooklyn Bridge Park, #540 & T8 GMAP
Condo unit 540 at 1BBP is a 1,709-sf, 3-bedroom that was last asking $1,295,000, according to StreetEasy. The sale included a second "condo unit without a kitchen," #T8, but it's unclear from listings what that is. Entered into contract on 8/31/09; closed on 10/14/09; deed recorded on 10/29/09.
4. BRIGHTON BEACH $1,300,000
253 Corbin Place GMAP
A 3,048-sf, 2-family house, according to Property Shark. Entered into contract on 8/12/09; closed on 10/23/09; deed recorded on 10/29/09.
5. MIDWOOD $1,250,000
3403 Bedford Avenue GMAP
This 4,070-sf 2-family was listed for $1,499,000. Entered into contract on 5/5/09; closed on 8/12/09; deed recorded on 10/29/09.
Photos from Property Shark.
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Comments
Oooh... the Gravesend property is such a beautiful home. I can't imagine how it didn't fetch the $4 million dollars they were asking for in 2007. Seriously? Seems like a great deal. Whoever paid $1.5 million has certainly gotten themselves a great investment! It'll be worth double that as soon as the is crazy economy goes back to normal. Talk about a bargain!
Posted by: tybur6 at November 3, 2009 11:35 AM
The OBBP unit was one of the 35% price cuts. It went quickly. The extra $120k was probably a parking space or 2.
Posted by: Brokedeveloper at November 3, 2009 11:36 AM
I mean... it's a really charming neighborhood. And so close to Buckles, Buckles, Buckles!
Posted by: tybur6 at November 3, 2009 11:37 AM
LOL at the SHACK on the right asking for over 4 million dollars. HAHAHHAHAHAH, and yeah yeah i know the reason, but it still doesnt make it any less ridiculous!
*rob*
Posted by: Butterfly at November 3, 2009 11:39 AM
According to the Condo Plan for One Brooklyn Bridge Park, unit #t8 is one of the rooftop cabana units that face the east river located above the lower portion of the building on the west. Unit #t8 was originally priced at $145,000. Not sure what they'd be asking for the cabana units today.
Posted by: bkre at November 3, 2009 11:45 AM
Wow--on the face of it somebody got a pretty good deal on 6th AVe. Wonder what condition that property was in?
Posted by: wasder at November 3, 2009 11:56 AM
Is that really a good deal on 6th Avenue?
It's a 3-family home. With 20% down, the mortgage payment alone would be about $8,500... no? How does that make business sense?
You can rent each of the 3 units for $3500 (minimum)? And consistently... and not have gap months... no special expenses like replacing a toilet or fixing a roof?
Really doesn't sound like a good price. Sorry.
Posted by: tybur6 at November 3, 2009 12:06 PM
is there anything you don't have an opinion on, mr tsix?
six ave comes with very little information.
but if you could rent two upper floors for 2500 each and effectively pay 3500 pretax (plus carry costs) for a lower duplex with garden and full basement, i think there are a lot of people that will take the risk that price appreciation happens over the ownership period rather than the imminent collapse you want and others around here so loudly predict.
Posted by: antidope at November 3, 2009 12:29 PM
According to ACRIS, the mortgage on that purchase is less than $700k. So monthly is about $4k + tax.
Posted by: crimsonson at November 3, 2009 12:30 PM
In the olden days, most investors didn't expect their multi-family brownstones to be profitable upon closing. You figure the rentals would pay a substantial portion of your mortgage and you'd pay a chunk too. and then as the mortgage would get paid down, the rent get raised. 30 yrs down the road, you could retire on the income. It's a newfangled idea that renters pay the whole thing from the minute you close.
Posted by: Ringo at November 3, 2009 12:31 PM
"Really doesn't sound like a good price. Sorry."
Tybur--I am sensitive to your general outlook and definitely can relate to the feeling that one will never make enough money to own a home in NYC. I lucked into one myself and don't let myself forget that. However, given all of the comps and other reality-based factors, this still qualifies as a good price (if not very good) in the North Slope for a reasonably in tact brownstone. I haven't seen many cheaper certainly.
Posted by: wasder at November 3, 2009 12:38 PM
ringo you fool. dont you know we're going back to 10x rent roll for prices? throw out your old math. we got new math.
Posted by: antidope at November 3, 2009 12:39 PM
i dont think you could get 2500 for each floor thru on the 6th avenue house, more like 2200. Good to see OBBP start to sell some
Posted by: bitter_bubble_buyer at November 3, 2009 12:40 PM
It seems like a year or two ago 800sqf floor thrus were 2400 and now depending on if they're one or two bedrooms range around the 2200 range. If they're in awesome shape and have nice stuff in them them more and a yard would bump one up into the 2600ish range if your lucky.
the problem is that most the time the bed rooms are tiny if its a 2bed room.
Posted by: Santa at November 3, 2009 12:44 PM
"effectively pay 3500"
Add hypothetical loss or hypothetical gain by hypothetical months of ownership. Unless you break even, property costs more or less than just holding it. 'Duh' but just clarifying.
That said, the 6th Ave listing seems considerably lower than 20% off peak comps ($2.5M, no?). What was ask? Gut reno?
***Bill Thompson for Mayor (VOTE TODAY!!!)***
Posted by: Brownstones Half Off at November 3, 2009 12:49 PM
I've noticed rents creeping back up in Park Slope.
I looked at the real estate offices this past weekend and 2 bedrooms which were listed for 2200, 2400 6 months ago are back up to 2800.
I saw almost nothing below 2000 and the 1 bedrooms were all around 1900 or 2000.
Posted by: 11217 at November 3, 2009 12:53 PM
Actually, this is looking like a really nice 2 bedroom (if anyone is looking) on 2nd Street for $2800.
Looks gorgeous.
http://www.idealpropertiesgroup.com/property/details/13736
Posted by: 11217 at November 3, 2009 12:56 PM
i was just on craigslist and thinking how some of the prices were really cheap looking for park slope.
also most of those window ads are for bullshitters.
Posted by: Santa at November 3, 2009 1:00 PM
"That said, the 6th Ave listing seems considerably lower than 20% off peak comps ($2.5M, no?). What was ask? Gut reno?"
that is exactly what I am saying. regardless of what you think of the "fairness" of houses costing this much, this one is cheaper than most of the comparable properties out there.
Posted by: wasder at November 3, 2009 1:01 PM
If that is your idea of gorgeous, 11217, you've got really low standards.
That apartment is adequate at best, and severely overpriced.
Posted by: DitmasSnark at November 3, 2009 1:02 PM
Craiglist isn't really a good reference point, since half those ads are fake and the rest which list the area as "Park Slope" are located on 23rd and 4th.
There are VERY few actual listing on craigslist which are viable options.
Posted by: 11217 at November 3, 2009 1:04 PM
"...or [subtract] hypothetical gain..."
***Bill Thompson for Mayor (VOTE TODAY!!!)***
Posted by: Brownstones Half Off at November 3, 2009 1:04 PM
Ditmas,
Well upon closer inspection, the kitchen and bathroom are definitely not gorgeous. But I do like the rest of the place...looks like it has high ceilings, nice detail and floors. You may think it's severely overpriced, but a 2 bedroom on 2nd in the PS. 321 district for that price is about the going rate.
You want much cheaper, gotta go further south and closer to 5th and 4th Avenues...
Posted by: 11217 at November 3, 2009 1:06 PM
im sorry but if you want to find a cheap apartment you have to dig on craigslist. only idiots and rich people go to brokers.
Posted by: Santa at November 3, 2009 1:07 PM
Snark,
If you haven't figured it out by now, 11217 is either a real estate broker (Ideal Properties, maybe?) or bought an apartment in Park Slope in the first half of 2008. That apartment looks gorgeous through his rose colored glasses.
Posted by: Brokedeveloper at November 3, 2009 1:09 PM
"I've noticed rents creeping back up in Park Slope."
I've noticed renting-out difficulties creeping up in the forum (accross the board - that includes Park Slope). Check out the one today - landlord worried about broken lease.
"also most of those window ads are for bullshitters."
Exactamundo! That's why they're still available!
***Bill Thompson for Mayor (VOTE TODAY!!!)***
Posted by: Brownstones Half Off at November 3, 2009 1:09 PM
"only idiots and rich people go to brokers"
Cheaper than overpaying to "own". Penny wise, pound foolish. Craigslist is a haystack and will get you killed!
***Bill Thompson for Mayor (VOTE TODAY!!!)***
Posted by: Brownstones Half Off at November 3, 2009 1:12 PM
Why is that Santa? Many professional people who lead busy lives and those moving from out of state want someone to assist in the process, and the last few times I've helped friends move here (with a broker) the landlord has paid the fee. How is that idiotic?
Craigslist is for college students, people making 30K a year and those looking for a roommate. You'd be surprised how many people use a broker because they are busy and don't have time to be trolling though fake ad after fake ad. Just saw a studio listed on craigslist: $950 PARK SLOPE! Great deal, right?
Then is says 3rd Avenue.
Posted by: 11217 at November 3, 2009 1:13 PM
The first photo on that one looks great. Nice detail in the front parlor as you said, and high ceiling. The bathroom is fugly, the kitchen is done on the cheap.
Maybe that is the going rate at that location. I wonder what the cross street is.
Posted by: DitmasSnark at November 3, 2009 1:13 PM
11217 what planet are you on? I think you are having an acid flashback to 2007. Floor thru in Park Slope are going for 2200 ish today
Posted by: bitter_bubble_buyer at November 3, 2009 1:14 PM
"...or bought an apartment in Park Slope in the first half of 2008."
Survey says...!!! 'B'!
***Bill Thompson for Mayor (VOTE TODAY!!!)***
Posted by: Brownstones Half Off at November 3, 2009 1:14 PM
"If you haven't figured it out by now, 11217 is either a real estate broker (Ideal Properties, maybe?) or bought an apartment in Park Slope in the first half of 2008."
*
Snark knows (as pretty much anyone with a brain would know from reading this blog) that I'm neither a broker nor did I purchase my apartment that recently.
Posted by: 11217 at November 3, 2009 1:16 PM
11217 if not those 2 then maybe you just smoke crack?
Posted by: bitter_bubble_buyer at November 3, 2009 1:19 PM
11217 - you obviously did not hear that anyone that do not believe in the Mayan calendar is a either a broker or a pre 2009 buyer.
You must now sacrifice your first born to the alter of The What or your gentrifying condo will be reclaimed by the angry mob.
Posted by: crimsonson at November 3, 2009 1:20 PM
"11217 what planet are you on? I think you are having an acid flashback to 2007. Floor thru in Park Slope are going for 2200 ish today"
Not what I'm seeing. This is a listing of all 2 bedrooms in PS on BHS. The one listed for $1700 is on 21st Street and the rest are are well above 2200...
http://www.bhsbrooklyn.com/results.asp?ros=r
Posted by: 11217 at November 3, 2009 1:20 PM
I was in the 6th Avenue house. It is a lower duplex and two rentals. The top floor was renovated and had a tenant whose lease was up in December. No privacy wall between the lower duplex and the entraceway to upstairs. The lower duplex and the apartment above, need complete renovation (new kitchens, baths, layout, etc.). Nice size building and great location (Center Slope, not North), I think it was a great price considering you could easily put 200K-400K into it, price obviously depending on your taste.
Posted by: broker at November 3, 2009 1:21 PM
"11217 if not those 2 then maybe you just smoke crack?"
You all out again?
Posted by: 11217 at November 3, 2009 1:21 PM
"altar"
Posted by: crimsonson at November 3, 2009 1:21 PM
well I make 30k a year thus use craigslist.
W00T!
also any idiot knows which ads are fake and which are real. Does anyone really try to rent apartments with Real Estate Destinations?
Posted by: Santa at November 3, 2009 1:22 PM
> Snark knows...
Indeed Snark does. But hey, I'm an idiot who used brokers to help me find my current apartment.
Posted by: DitmasSnark at November 3, 2009 1:23 PM
The funny this is...it's not like I'm trying to prop up prices. I own my apartment and don't really care if floor thru's are going for 500 bucks.
I'm just telling you what I'm seeing.
You are seeing the AVERAGE price of 2 bedrooms within the borders of Park Slope, please be my guest and provide evidence to suggest that's the going rate. And that doesn't mean 1 apartment you found for 2200.
Otherwise, I will use my data to back up what I say.
Posted by: 11217 at November 3, 2009 1:23 PM
11217, since this Blog is full of unverifiable statements and information (brain or no brain) I'll have to take your word for it.
Re: Craigslist, almost every broker rental listing is up there anyway and easier to surf through quickly compared to NY Times. All you have to do is avoid the adds with a bunch of symbols, all caps and stupid captions like:
@@@@@@@THIS APARTMENT IS BIGGER THAN J-LO'S BOOTY@@@@@@@
Posted by: Brokedeveloper at November 3, 2009 1:24 PM
Yes, brokedeveloper...
And once you remove those from the list, there are about a half dozen left and 9 times out of 10, "this apartment has already been rented, but we have another very similar one (albeit $400 more per month) which would be PERFECT for you"
Come on. I've used craigslist back in the day. I didn't just fall off the turnip truck. I look at craigslist for friends to see if there's anything good. It's *possible* to find something if you're into wasting a ton of time.
But to suggest that most professionals over the age of 30 are using craigslist is simply not true.
Posted by: 11217 at November 3, 2009 1:27 PM
> THIS APARTMENT IS BIGGER THAN J-LO'S BOOTY
I totally would have clicked through to that listing.
Posted by: DitmasSnark at November 3, 2009 1:28 PM
maybe professionals over 30 that dont like blowing loads of cash on shit they can do themselves use craigslist.
Posted by: Santa at November 3, 2009 1:29 PM
Hey, if it works for you, that's great.
I'm just saying that it's not idiotic for a 32 year old lawyer who works 70 hour weeks to hire a broker so he/she doesn't have to spend hours scouring craiglist or weekends roaming around from one crappy hole to another.
If you have the time, by all means...
But many people in this city don't. Or simply think their time is more valuable.
Posted by: 11217 at November 3, 2009 1:33 PM
I found my last two apartments on Craigslist, which were both adds posted by brokers. I am a yuppie over 30 and it was very efficient for me. Much more so than checking 10 different broker sites every day. I wasted my time at a few places, but never ran into a scam or a "bait and switch." I think if you know what to look for its very efficient.
Understand its not for everyone, just speaking about my experience. I wouldn't want to say whether or not it is true or not that "most professionals over the age of 30 use it" because I do not know one way or the other. Aparently you have some statistics that say they don't.
Posted by: Brokedeveloper at November 3, 2009 1:36 PM
im sorry but if you want to find a cheap apartment you have to dig on craigslist. only idiots and rich people go to brokers.
Posted by: Santa at November 3, 2009 1:07 PM
I'm sorry but this is coming from a person whose career choice is to work in Whole Foods, seriously. Just sayin....
Posted by: Kensingtonian at November 3, 2009 1:37 PM
Snark, this is for you and anyone else who might be interested. There is a Flatbush Art Studio Tour going on this upcoming weekend.
http://www.flatbushartists.org/
Posted by: Kensingtonian at November 3, 2009 1:41 PM
even Corcoran has a 2 bed in Park Slope for 2200
http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1866332
11217 I think you are a broker
Posted by: bitter_bubble_buyer at November 3, 2009 1:43 PM
An example of a headline to avoid, as tempting as it may sound:
http://newyork.craigslist.org/mnh/nfb/1449535565.html
Posted by: Brokedeveloper at November 3, 2009 1:44 PM
Do you know how stupid you are, bitter bubble buyer?
I'll tell you.
1. I JUST SAID that finding one apartment listed for 2200 proves nothing.
2. If I were a broker, do you REALLY think I'd be listing apartments from Brown Harris Stevens, Ideal Properties and Corcoran.
The answer to that question would be no. Brokers are notorious for being loyal to their company and no broker would be highlighting apartments from their competition.
Even a non broker like me knows that.
Did you mother drop you when you were little?
Posted by: 11217 at November 3, 2009 1:46 PM
Wow, the sixth avenue brownstone sold for sub $500/sq feet. Recently, two other places; 178 8th avenue and 438 2nd street, both sold for 500 and change per sq feet. There is irrefutable evidence that the prices of prime park slope brownstones have declined substantially from last year. Similar brownstones in good locations and conditions would have sold for north of $700/sq feet a year ago.
Thank GOD i listened to the What and BHO last year and avoided buying a place in brooklyn. The perma bulls disgust me so much.
Posted by: stevieb at November 3, 2009 1:51 PM
ok buddy you just keep telling somebody who is a landlord in Park Slope the facts on the ground! Places in Park slope are going for 2800 for a floor thru just like you say.
Posted by: bitter_bubble_buyer at November 3, 2009 1:54 PM
11217, quit it with the personal attacks when you are not able to put up a good rebuttal.
Posted by: stevieb at November 3, 2009 1:55 PM
11217, did you take your medications today?
Posted by: stevieb at November 3, 2009 1:57 PM
"I'm sorry but this is coming from a person whose career choice is to work in Whole Foods, seriously. Just sayin...."
career choice should be used loosely in this sentence. Recession life raft would be a better term.
Posted by: Santa at November 3, 2009 1:59 PM
"11217, quit it with the personal attacks when you are not able to put up a good rebuttal."
*
Shouldn't you be thankful to the democrats for allowing your kind to engage in your shenanigans? Imagine if Sarah Palin takes back the country and sent all of your kind to Christian re-education camps where you will receive Jesus into your life and be made to realize your frivolous ways?
Posted by: stevieb at October 29, 2009 10:33 AM in response to Open Thread
Posted by: 11217 at November 3, 2009 1:59 PM
"11217, quit it with the personal attacks when you are not able to put up a good rebuttal."
*
11217, did you take your medications today?
Posted by: stevieb at November 3, 2009 1:57 PM
Posted by: 11217 at November 3, 2009 2:01 PM
11217, you are a psycho bitch.
Posted by: stevieb at November 3, 2009 2:01 PM
"11217, quit it with the personal attacks when you are not able to put up a good rebuttal."
*
11217, you are a psycho bitch.
Posted by: stevieb at November 3, 2009 2:01 PM
Posted by: 11217 at November 3, 2009 2:02 PM
11217, you really are psycho. you need help!
Posted by: stevieb at November 3, 2009 2:03 PM
I agree 11217 is psycho
Posted by: bitter_bubble_buyer at November 3, 2009 2:08 PM
11217, would you just do everyone a favor and leave this board?
Posted by: stevieb at November 3, 2009 2:11 PM
quote:
I looked at the real estate offices this past weekend and 2 bedrooms which were listed for 2200, 2400 6 months ago are back up to 2800.
uh, those fake and old and faded listings in real estate office windows are for TOURISTS to ooooh and ahhhh at how the expensive the neighborhood is. it's not the real meat of the rental market.
*rob*
Posted by: Butterfly at November 3, 2009 2:13 PM
stevieb, you should be the last person talking about personal attacks. Haven't you gotten enough of a beat down in the OT yet?
Do you want me to start again on your "your kind" statement? I really want to avoid making you go cry in your little corner again.
Posted by: Kensingtonian at November 3, 2009 2:23 PM
I love that you pay me so much attention, stevieb.
Maybe you'll want to consider switching back to your old screen name, dandel since everyone here is totally over you.
I've seen about 10 people call you out for being a moron. When are you going to take a hint?
P.S. How's Thompson doin' in those exit polls?
Posted by: 11217 at November 3, 2009 2:29 PM
Hey Kens,
Thanks for the info on The Flatbush Artists Studio Tour. I meant to email you about that.
Posted by: DitmasSnark at November 3, 2009 2:31 PM
11217 you seem to think everybody is somebody else on top of thinking a 2 bed in Park Slope goes for 2800?
Posted by: bitter_bubble_buyer at November 3, 2009 2:35 PM
"11217 you seem to think everybody is somebody else on top of thinking a 2 bed in Park Slope goes for 2800?"
I know, RIGHT?! I am such a psycho for seeing listings for 2 bedroom apartments for $2800 and then linking them here as proof. I should be shot!!!
Posted by: 11217 at November 3, 2009 2:39 PM
Everybody uses Craigslist to find FRBO.
Posted by: mopar at November 3, 2009 2:47 PM
i dont think they shoot people like you any more they just give you lots of meds. The problem is what happens when you stop taking them?
Posted by: bitter_bubble_buyer at November 3, 2009 2:47 PM
Y'all are just jealous that the voices only talk to me.
Posted by: DitmasSnark at November 3, 2009 2:49 PM
Snark, hope you can make it and I might see you around. Should be a fun event.
Posted by: Kensingtonian at November 3, 2009 2:54 PM
"Everybody uses Craigslist to find FRBO."
Everybody? Ditmas just said he didn't. Before I bought my place, my two previous rentals were through brokers.
The 2 families, one couple and 3 single friends (that's 6 apartments) who moved to Brooklyn in the past 18 months...not a one used craigslist.
I'm sure some people use craigslist, but to suggest that "everybody" does is silly.
There aren't even enough viable listings on craiglist to rent to "everybody" who rents in NYC. It's one source to gain access to the market, not the be all, end all.
Posted by: 11217 at November 3, 2009 2:57 PM
Ditmas that is funny but 11217 might get jealous that his best buds are hanging with you and do something dumb if you know what i mean
Posted by: bitter_bubble_buyer at November 3, 2009 2:58 PM
11217 - Doesn't "FRBO" by definition mean that no broker is involved?
You must have had a bad experience on Craig's List at some point. I'm guessing it wasn't in the Real Estate section either.
You jumped all over Mopar (by the way, Mopar, does your name refer to parts for Chrysler vehicles?) without even thinking....pointing out the same type of generalization you yourself made in an earlier post (and countless others). You are one angry Blogger.
Posted by: Brokedeveloper at November 3, 2009 3:07 PM
BBB - you take this blog entirely too seriously.
It's supposed to be fun, dude. Get a grip and stop acting like such a troll. Not everyone thinks like you, and judging by the fact that no one ever responds to you or stevieb (expect to tell you you're wrong) definitely not everyone agrees with you.
Posted by: 11217 at November 3, 2009 3:10 PM
I didn't jump all over Mopar (Mopar is one of brownstoner's best posters). I was simply saying that not everyone uses craigslist.
The places I found on craigslist when I first moved to New York when I was in my 20's were fine. I was on a budget, had spare time and found it hellish, but manageable. Definitely spent many hours on the process, though.
Now (assuming I needed a rental, which I don't) I would not bother with it, and that's what I've found to be true of most people I know who work long hours and make decent money.
That's it. Do you get some kind of commission off craigslist? Who cares if I don't use it?
Posted by: 11217 at November 3, 2009 3:13 PM
being that I only post here maybe 1 day out of the week and you are always sitting in here being KING TROLL. That is funny
Posted by: bitter_bubble_buyer at November 3, 2009 3:14 PM
I just wanted to put in my anecdotal evidence to counter your anecdotal evidence thus proving you are guys are bunch of idiots.
Hail to The What!!!
Posted by: crimsonson at November 3, 2009 3:15 PM
"You are one angry Blogger."
Not really. I just like to say things to get the conversation going because this site has been so darn boring lately. The OT has 10 times as many posts as any of the threads.
This is pure fun for me. I own my apartment, own a vacation apartment, have a job I love, travel a ton and love life. Brownstoner is my entertainment when I've got a moment. That's it. Having people who sound as though they are missing chromosomes tell me I need medication does nothing but make me laugh. (I wasn't referencing you)
Posted by: 11217 at November 3, 2009 3:16 PM
Wasder... you said "Tybur--I am sensitive to your general outlook and definitely can relate to the feeling that one will never make enough money to own a home in NYC."
For the first time in a while my comment was strictly about the business sense of buying this place... it just doesn't makes sense. I can't even begin to comprehend the notion that "you shouldn't expect to make a profit at close" -- OK, maybe not a profit... but you should be able to break even.
Seriously. Not covering basic expenses for 15 years... and not breaking-even on your investment for 30?! That doesn't make any business sense.
Posted by: tybur6 at November 3, 2009 3:18 PM
11217 you have become troll here. You need to get out more and stop being so angry
Posted by: bitter_bubble_buyer at November 3, 2009 3:20 PM
BBB - you're just pissed that I made you look like a dummy.
Again.
Posted by: 11217 at November 3, 2009 3:25 PM
how did you make me look dumb?
Posted by: bitter_bubble_buyer at November 3, 2009 3:26 PM
11217 - Fair enough. Just admit that the response to Mopar's statement (referencing broker use when he was talking about FRBO) was erroneous, then we'll move on to the next discussion.
I actually do enjoy sparring with the likes of you and Antidope. It usually stays within the bounds of civility - with an edge.
Posted by: Brokedeveloper at November 3, 2009 3:28 PM
11217 stop are making us all feel dumb BWHAHAHAHAH
Posted by: bitter_bubble_buyer at November 3, 2009 3:30 PM
BBB - Take a cue from Brokedeveloper on how to have a heated discussion with someone while still using brain cells and bringing something to the table.
I take back what I said...I didn't make you look dumb.
You do that all by your lonesome.
Posted by: 11217 at November 3, 2009 3:31 PM
And yes, I will admit that Brokedeveloper.
Truce.
So what's next?
Price of 3 bedroom rentals in Clinton Hill? :)
Posted by: 11217 at November 3, 2009 3:34 PM
is this a heated discussion to you? If I called you a fuckin idiot that would be heated but this is just you looking dumb
Posted by: bitter_bubble_buyer at November 3, 2009 3:39 PM
so ignoring the hissy fits here.
assume upper two floor thrus earn $4500/mo together (2250/each).
assume lower duplex rents for $3000/mo.
that is $7500/mo vs 8,700/mo in mortgage.
however, you are forgetting that over $2,300 is principal repayment or forced savings, so real cost is $6,400 leaving about 1100/mo to cover costs (tax, maintenance).
of course, you still have to believe in re to make this trade. your 20% dp is not earning a return until you sell at a price higher than you pay today. but the rr is covering basic expenses (you just need to have the financial wherewithal to cover the forced saving part of the equation AND be bullish on real estate).
Posted by: antidope at November 3, 2009 3:50 PM
antidope you also have to figure in vacancies, repairs, and now broker fees.
Posted by: bitter_bubble_buyer at November 3, 2009 4:01 PM
Why does everyone assume that people onlyl put 20% down in their hypotheticals. Sounds like 6th Avenue put a lot more down (in excess of $1MM) - though they do sound like they need to do some real repairs, and a tenant is in place (which likely explains the good price) - plus your in a 3 family and on a busier street.
Posted by: 1842 at November 3, 2009 4:05 PM
yes mr bitter of course you do.
the numbers i throw out on the rr side are, i think, conservative.
over the long haul, and you shouldn't be buying a re investment ppty unless you plan to be in it for years, the numbers get better: forced savings go up, interest cost down and despite your hollering rents are sure to go up.
also if you manage the ppty well and not act like a slumlord you can probably reduce your turnover and associated costs of repairs (tenants upset leave a trail of broken crap), vacancies (offer a fair rate) and turnover (good ll can attract long term tenants). just a tip since i know you've been having trouble with all 3 issues.
Posted by: antidope at November 3, 2009 4:12 PM
oops, "you're" not "your"...
Posted by: 1842 at November 3, 2009 4:13 PM
antidope how am I having trouble with all 3? elaborate
Posted by: bitter_bubble_buyer at November 3, 2009 4:19 PM
you say you're a landlord.
you gripe about a tenant leaving.
you gripe about reducing rents.
you gripe a lot, frankly.
oh and your handle means you gripe about the price you bought your ppty at.
so...i'm guessing you're as much of a pain in the ass with your tenant(s) as you are on this site.
just a guess though. i don't really know you. probably you're as sweet as pecan pie when talking with your tenant(s).
Posted by: antidope at November 3, 2009 4:26 PM
Mmmmm. Pie.
Posted by: DitmasSnark at November 3, 2009 4:31 PM
antidope you said I have a problem with vacancies, turnover and repairs. WTF are you even talking about? WHen have I ever said that?
Posted by: bitter_bubble_buyer at November 3, 2009 4:35 PM
Real estate depression is upon us.
*** GRAVESEND 65% OFF ***
Posted by: antidope at November 3, 2009 4:48 PM
I don't know why so many people are attacking 11217. I agree with him about CraigsList. When I owned my house, I used brokers to find tenants for my rental apartment; in addition to saving me time I didn't have to show the apartment, I relied on the brokers to run credit checks, check references, etc. When I sold the house, I used brokers to find a rental, and they easily separated the wheat from the chaff for me. I have a friend who has been trying to find an apartment for the past 3 months using CraigsList, and every time he finds the rare legitimate ad for an apartment, it's already been rented by the time he reaches the landlord.
Posted by: CarrollGardened at November 3, 2009 4:49 PM
11217, you need anger management classes or strong medications.
Posted by: stevieb at November 3, 2009 4:51 PM
thats what i thought!
Posted by: bitter_bubble_buyer at November 3, 2009 4:52 PM
CG, 11217 is a she and she is psycho. She has an anger problem and is always jumping on people on bstoner.
Posted by: stevieb at November 3, 2009 4:56 PM
stevieb - Please remain quiet until you can stay awake and pay attention in class.
Posted by: DitmasSnark at November 3, 2009 4:59 PM
Uh, stevie, 11217 is a "he". I know who he is. He loves his apartment and is passionate about Park Slope. What's wrong with that? He's a nice guy. You, on the other hand, have made offensive comments about "my kind" on the OT, which both 11217 and Kens called you out for again here, and, PS, most regulars on this site think you're The What. I'd take your meds before you go dispensing them to others.
Posted by: CarrollGardened at November 3, 2009 5:01 PM
antidope, BBB is bitter because permas bulls all throughout last year urged people to buy real estate. I am lucky I did not listen to them or would have been ruined financially. They need to bear some responsibility for hurting people.
Posted by: stevieb at November 3, 2009 5:04 PM
wow, 11217 is a very effeminate "HE" then. Who woulda thunk it! I still stand by my description of him as a psycho bitch.
Posted by: stevieb at November 3, 2009 5:08 PM
"I still stand by my description of him as a psycho bitch"
Pot, meet Kettle.
Posted by: CarrollGardened at November 3, 2009 5:10 PM
CG, I am not the WHAT, but the WHAT is the real hero on this site for urging people all throughout last year to avoid buying into the real estate bubble and he saved a lot of people a lot of money.
Posted by: stevieb at November 3, 2009 5:12 PM
can we create a special secret online location for folks with screws loose to meet? away from 'stoner.
shall we make a list of who can participate?
i nominate: what, cornerbodega, brickoven, dandel, stevieb, bbb and rob.
Posted by: antidope at November 3, 2009 5:15 PM
stevie, "The lady doth protest too much, methinks." Just sayin'. People think you're The What. Can't imagine why.
Posted by: CarrollGardened at November 3, 2009 5:16 PM
Sort of a Brownstoner Rubber Room? The Rubber Thread?
Posted by: Brokedeveloper at November 3, 2009 5:18 PM
"i nominate: what, cornerbodega, brickoven, dandel, stevieb, bbb"
Antidope, I'm with you up to a point, BUT NOT *rob*. There is some sentiment that all of the above, plus a couple more, like BHO, are the same person, and I personally subscribe to that theory. *rob* may be irreverent, but I've gotten to know him personally, and he's a really great guy IMHO.
Posted by: CarrollGardened at November 3, 2009 5:19 PM
I agree...keep Rob.
The rest can go play in the short sandbox.
Posted by: 11217 at November 3, 2009 5:21 PM
"a Brownstoner Rubber Room"
ROFL, Brokedeveloper.
Posted by: CarrollGardened at November 3, 2009 5:24 PM
11217, why dont you volunteer to leave the site. You have a lot of unresolved anger inside you, I think.
Perhaps, something traumatic happened to you in your childhood?
Posted by: stevieb at November 3, 2009 5:24 PM
the What is a hero? Gee- how did I miss that? Someone post his address so I can send him his little gold statuette and service ribbon.
Posted by: bxgrl at November 3, 2009 5:26 PM
ok, unsung hero then, bxgrl.
Posted by: stevieb at November 3, 2009 5:28 PM
Not leaving steve-o.
But there are a list of people above who have all but asked you to please do the same. You're pretty dense, aren't you?
I *really* hope some of these morons are the same person. Otherwise, the thought of so many people with so few brains having access to the internet is rather frightful.
Posted by: 11217 at November 3, 2009 5:28 PM
11217, they have to be. There just can't be that many people with the same "personality" congregating here.
Posted by: CarrollGardened at November 3, 2009 5:31 PM
11217, i am about as dense as your are psycho.
Posted by: stevieb at November 3, 2009 5:31 PM
ehubby :)
stevieb- I think that's hilarious. To be a hero- unsung or otherwise- you have to have accomplished something remarkable and beneficial. When you show me the lives the What has supposedly saved, I'll beg forgiveness. But I set a high bar for whom I label a hero.
Posted by: bxgrl at November 3, 2009 5:33 PM
I agree CarrollGardened.
I'm SURE stevieb is at last dandel and perhaps brickoven and cornerbodega too. They all write the same, say the same things, make common spelling mistakes like you're/your, etc.
The most fun part is how none of them realize how stupid they are. Even when everyone brings it to their attention.
Posted by: 11217 at November 3, 2009 5:35 PM
Bxgrl:
You mean someone who's life work is trolling brownstoner and creating a website called asshathill isn't your hero?!
I'm shocked and horrified!
Posted by: 11217 at November 3, 2009 5:36 PM
bxgrl, to start off, the WHAT saved my life. I was close to buying a place in brooklyn last year.
Posted by: stevieb at November 3, 2009 5:36 PM
11217, the most fun part is realizing how psycho you have become. So much anger inside you! Sweet, delicious anger. LOVE IT!
Posted by: stevieb at November 3, 2009 5:40 PM
sorry you're disappointed in me, 11217 :( I'll try to do better (sniff...sniff...)
stevieb- please. you must be kidding- that statement is going to convince someone? That's along the lines of Jennifer Aniston saved my life by divorcing Brad Pitt. Honestly.
Posted by: bxgrl at November 3, 2009 5:40 PM
Wow. Taking real estate advice from The What. Frightening. No, wait, the world DID end 2 weeks ago!
Posted by: CarrollGardened at November 3, 2009 5:41 PM
bxgirl, it is all true with me. And if he saved me from financial ruin, it is almost certain that he saved a ton of others from buying into the real estate mania last year.
Posted by: stevieb at November 3, 2009 5:43 PM
This thread is beginning to remind of the Gladiator Mice segment from Family Guy.
Posted by: DitmasSnark at November 3, 2009 5:46 PM
Let me get this straight...you took advice on the largest purchase of your life based on an anonymous person on a blog (someone who predicted the end of the world, not once but twice?)
Please tell me this is a joke.
The better question is...why are you so stupid that you aren't able to think for yourself and you needed to come here to have someone "save" you from making this mistake?
Most people with half a brain can make these decisions on their own.
You have truly shown what a complete and total whacko you are.
Posted by: 11217 at November 3, 2009 5:47 PM
11217, the better question is...why are you so psycho that you aren't able to control your anger?
Posted by: stevieb at November 3, 2009 5:50 PM
Where should the statue enshrining the What be?
An island in Gowanus
Top of the Hanson building
Top of an exposed i-beam at 1PP
Median on Route 46 in Lodi
Should the offering be regrets or stale coffee.
Posted by: DeLepp at November 3, 2009 5:51 PM
stevieb- if you took the advice of someone who posted as rationally (NOT) as the What, I seriously have to question your sanity. Half the time he was an obscenity screaming lunatic who was more focused on insults- give me one reason why you, supposed someone with money to buy real estate, would find him credible? It's an anonymous blog- other than claiming (and praying for) the financial collapse of the entire Western World, what would he have said or done so that anyone think him credible? And my other point being, I don't see too many people posting here who have been financially ruined by buying Brooklyn Real Estate.
Posted by: bxgrl at November 3, 2009 5:51 PM
bxgrl, Bitter Bubble Buyer is an example of someone who got hurt by the real estate bubble.
Posted by: stevieb at November 3, 2009 5:54 PM
> Where should the statue enshrining the What be?
Fountains are always nice:
- http://en.wikipedia.org/wiki/Fountain_%28Duchamp%29
Posted by: DitmasSnark at November 3, 2009 5:56 PM
"Bitter Bubble Buyer is an example of someone who got hurt by the real estate bubble"
And you know this how? (stevieb = BBB)
Posted by: CarrollGardened at November 3, 2009 5:56 PM
"bxgrl, Bitter Bubble Buyer is an example of someone who got hurt by the real estate bubble."
How so...house fell on his head...?
Posted by: 11217 at November 3, 2009 5:57 PM
Ok...the cat (meow!) is outta the bag. I am the What, stevieb, dandel, BHO, all the Joe's and Mr. B!
Posted by: InsertSnappyNameHere at November 3, 2009 5:58 PM
ds, bless how your mind works.
Posted by: DeLepp at November 3, 2009 5:58 PM
"Fountains are always nice"
Great idea, Snark. And, as it happens, there's a Fountain Room in The Gingerbread House (which I'm buying for bxgrl, so 2 birds, 1 stone).
Posted by: CarrollGardened at November 3, 2009 5:58 PM
Bxgrl, people who speak the truth that others don't want to hear are always hated and castigated as raving lunatics. I am not drawing an analogy here but Jesus was hated by a lot of people around him because he spoke the truth.
Posted by: stevieb at November 3, 2009 5:59 PM
'bout time you showed up Snaps! How are the early returns looking?
Posted by: CarrollGardened at November 3, 2009 6:00 PM
Bxgrl, BBB got hurt big time by the real estate bubble, and I am sure countless others out there.
Posted by: stevieb at November 3, 2009 6:01 PM
"Bxgrl, people who speak the truth that others don't want to hear are always hated and castigated as raving lunatics."
Ummm...so you calling me a lunatic constantly actually means you think I'm right, by your definition above.
God, you are stupid.
Posted by: 11217 at November 3, 2009 6:02 PM
stevieb- 11217 isn't angry. He just doesn't suffer fools lightly.
Posted by: bxgrl at November 3, 2009 6:02 PM
It's too early to call Cargar, but I could pull off a win considering low turnout...I was only the 109th person to vote in my district! If I don't win, I'm hoping that the RENT IS TOO DAMNED HIGH dude wins :-)
DOWN WITH BLOOMBERG...TODAY!!!
Posted by: InsertSnappyNameHere at November 3, 2009 6:02 PM
bbb, at least you still have shelter. The biggest bubble of all time was tulips. You can wear them but they won't keep you dry.
Posted by: DeLepp at November 3, 2009 6:02 PM
"BBB got hurt big time by the real estate bubble"
How do you know that, stevieb??? And please tell me you're not seriously equating The What with both Warren Buffett and Jesus in the same thread?!?!
Posted by: CarrollGardened at November 3, 2009 6:03 PM
Ummm...so you calling me a lunatic constantly actually means you think I'm right, by your definition above.
Posted by: 11217 at November 3, 2009 6:02 PM
***
No, it just makes me right.
Posted by: stevieb at November 3, 2009 6:03 PM
Given this comment posted by BBB, I wouldn't guess someone who is a landlord in Park Slope could be suffering all that much...
**
ok buddy you just keep telling somebody who is a landlord in Park Slope the facts on the ground! Places in Park slope are going for 2800 for a floor thru just like you say.
Posted by: bitter_bubble_buyer at November 3, 2009 1:54 PM in response to Last Week's Biggest Sales
Posted by: 11217 at November 3, 2009 6:04 PM
There are leaps and then there are leaps.
Money, jesus, the what, how many heros can we get into this thread.
Posted by: DeLepp at November 3, 2009 6:05 PM
Bxgrl, I don't think it is just that he does not suffer fools gladly. He is always jumping on people on here in the most ferocious manner. I think he is damaged psychologically
Posted by: stevieb at November 3, 2009 6:06 PM
When you are as slow as steve-o, you need all the help you can get apparently, DeLepp.
Posted by: 11217 at November 3, 2009 6:07 PM
misterbubble is here to a world of pain to the short bus riders.
Posted by: misterbubble at November 3, 2009 6:08 PM
stevieb, Are you sure you aren't The What?
BHO=What=Jack Slade=Dandel=stevieb
???
Posted by: cobblehiller at November 3, 2009 6:09 PM
stevie- you aren't equating either yourself or What with Jesus are you? That's a little much, no? Yes- plenty of people got hurt by the collapse- and plenty didn't. Nothing the What told you would have made a difference. Sorry- but you aren't making sense. I'm really supposed to believe that you took the advice of a blog character? Had you bought, (and I am assuming you wouldn't have gotten a subprime mortgage), I really doubt you would have been financially ruined. Otherwise I have to believe that you were in no position to buy real estate anywhere. Sorry- but you have to be a lot more convincing that that.
Posted by: bxgrl at November 3, 2009 6:09 PM
bubble baby! There you are!
Posted by: cobblehiller at November 3, 2009 6:10 PM
P.S. If you look through BBB's comments, you will notice he says he owns not one, but TWO places.
Someone who owns 2 places, is a landlord in Park Slope.
Not really my idea of financial ruin.
Posted by: 11217 at November 3, 2009 6:10 PM
misterbubble regrets that he forgot to include the word "bring" in his previous post.
Posted by: misterbubble at November 3, 2009 6:11 PM
Given this comment posted by BBB, I wouldn't guess someone who is a landlord in Park Slope could be suffering all that much...
---
Oh yeah? why is he a bitter bubble buyer then? I know why YOU are psycho.
Posted by: stevieb at November 3, 2009 6:12 PM
Given this comment posted by BBB, I wouldn't guess someone who is a landlord in Park Slope could be suffering all that much...
---
Oh yeah? why is he a bitter bubble buyer then? I know why YOU are psycho. psycho bitch!
Posted by: stevieb at November 3, 2009 6:12 PM
"He is always jumping on people on here in the most ferocious manner. I think he is damaged psychologically"
Uh, stevie, speaking of ferocious attacks and psychologically damaged posters, did you READ your October 29th OT post while you were typing it? Let me (again) refresh your recollection:
"Shouldn't you be thankful to the democrats for allowing your kind to engage in your shenanigans? Imagine if Sarah Palin takes back the country and sent all of your kind to Christian re-education camps where you will receive Jesus into your life and be made to realize your frivolous ways?
Posted by: stevieb at October 29, 2009 10:33 AM in response to Open Thread"
Posted by: CarrollGardened at November 3, 2009 6:12 PM
""He is always jumping on people on here in the most ferocious manner. I think he is damaged psychologically"
I think that pretty much describes the What.
Posted by: bxgrl at November 3, 2009 6:14 PM
"why is he a bitter bubble buyer then"
Perhaps, YOU're a bitter bubble buyer stevie because YOU now know that YOU OVERPAID. Doesn't mean you lost money.
Posted by: CarrollGardened at November 3, 2009 6:16 PM
misterbubble finds this stevieb chap to be most disagreeable.
misterbubble recommends he seek professional help tout de suite.
Posted by: misterbubble at November 3, 2009 6:17 PM
Wowzers. Snarky's gotta bounce. Night all!
Posted by: DitmasSnark at November 3, 2009 6:18 PM
i'm guessing stevieb (et.al.) is a superdelegate at the national convention of repetitively redundant ranters.
Posted by: antidope at November 3, 2009 6:19 PM
Back to the subject of the Rubber Thread: for the record, I wouldn't send BHO there. He is no more offensive than Rob and just as entertaining.
Posted by: Brokedeveloper at November 3, 2009 6:20 PM
misterbubble sends a hearty hello to cobblehiller.
Posted by: misterbubble at November 3, 2009 6:20 PM
CG, whoa whoa whoa!; ease up on the CAPS. No need to shout. we are having a conversation here.
Posted by: stevieb at November 3, 2009 6:22 PM
at least bho stays on topic.
btw, it's possible this clown is posting from a real rubber room.
Posted by: antidope at November 3, 2009 6:24 PM
Nope, I don't think so antidope. stevieb hasn't been in the OT [The Brownstoner rubber room] since this morning! ; )
Posted by: cobblehiller at November 3, 2009 6:30 PM
Antidope, let's just hope he's not posting from the cockpit of a Northwest Airlines jet!
Posted by: CarrollGardened at November 3, 2009 6:31 PM
The 6th Ave is not on a busy street. In fact, 6th Ave in Center Slope is prime Slope. Yes, I own there. I have a house on 6th between Garfield and 1st Street AND I recently rented an apartment on Craigslist to a nice, unmarried, well-recommended dual-income couple for $2700.
Posted by: BlueHills at November 3, 2009 7:00 PM
Why no mention of 154 St James? HOTD http://www.brownstoner.com/mte/mt-search.cgi?IncludeBlogs=6&search=154+st+james
Closed 10/1/2009 $1,135,000
Posted by: shchune at November 3, 2009 8:12 PM
I am late to this discussion but I just want to say that 11217 is my least favorite poster. He has quite often attacked me for my opinions and attempted to insult me with phrases like "missing a chromosome" or "moron". He is a nasty piece of work and makes this blog less enjoyable. I doubt very much he owns anything more substantial than a bicycle. I have implored Mr. B to ban him as I think he brings a disturbing, almost psychotic tone to brownstoner.com.
Posted by: Minard Lafever at November 3, 2009 9:14 PM
That was fun
Posted by: dirty_hipster at November 3, 2009 11:08 PM
stevieb, Are you sure you aren't The What?
BHO=What=Jack Slade=Dandel=stevieb
???
Posted by: cobblehiller at November 3, 2009 6:09 PM
Step off the bozack Cobble.
Posted by: jack slade at November 3, 2009 11:57 PM
for those that wonder.....
bozack -The sack-like structure that holds the balls:/
Posted by: jack slade at November 4, 2009 12:05 AM
Hey Minard:
I think Brownstoner doesn't ban me because you say ridiculous, nasty crap too. Here are a couple good ones:
**
Ha! 11217, really, how old are you? Are you on meds?
Posted by: Minard Lafever at October 29, 2009 10:54 PM in response to Co-op of the Day: 125 Hawthorne Street Studio
*
only wimps buy studios.
Posted by: Minard Lafever at October 29, 2009 7:51 PM in response to Co-op of the Day: 125 Hawthorne Street Studio
Posted by: 11217 at November 4, 2009 10:58 AM
the truth on 247 6th from the current tenant is that the two upper apartments are 1 bedrooms. While they are both in good shape, neither has a diswasher or w/d.
The owner's duplex needs some serious updating, and the staircase could use some work (i.e. currently covered in linoleum.
Posted by: ely4 at November 5, 2009 2:47 PM
Latest Restaurant Additions
-
Petit Oven
added December 1, 2009 12:00 PM in Bay Ridge -
Hachi Asian Bistro
added November 30, 2009 12:00 PM in Williamsburg -
Zio Toto
added November 25, 2009 12:00 PM in Bay Ridge -
Manna
added November 24, 2009 12:00 PM in Williamsburg -
Piattini Ristorante
added November 23, 2009 12:00 PM in Bay Ridge -
Le Barricou
added November 20, 2009 12:00 PM in Williamsburg -
Der Schwarze Kölner
added November 19, 2009 12:00 PM in Fort Greene -
Oak Wine Bar & Café
added November 18, 2009 12:00 PM in Williamsburg -
Mr. Wonton
added November 17, 2009 12:00 PM in Park Slope -
Casa Rosa
added November 16, 2009 12:00 PM in Carroll Gardens
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