July 22, 2009

New York Times article from 1993

Just came across this online ...

"The end of the real-estate boom has created some of the same problems in Clinton Hill as it has in the rest of the city, and residents who bought when the market was at its highest and whose houses or co-op apartments have decreased in value often find it difficult to sell. But Ms. Golde said there were still opportunities for first-time buyers and young families.

Housing prices vary greatly in the neighborhood, she said, changing block by block and building by building. A "modest" house or a larger house requiring much renovation might cost about $250,000, she said; one of mansion quality "could go for under $700,000, though you could certainly spend a lot more."

Co-op prices also vary, she said, but a "nice three-bedroom" might be available for under $200,000. The same is true for rentals, which, she said, "are very strong now, in Clinton Hill and all over the city; a two-bedroom apartment could easily go for $1,000." Less expensive two-bedrooms are available, but those probably have not been renovated."

http://www.nytimes.com/1993/12/05/realestate/clinton-hill-the-past-serving-the-present.html?pagewanted=3

Posted by dokas at 4:01 PM | Comments (2)
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