This is a crummy house in a crummy location. Before this ridiculous bubble, it would have been valued at around $300-400K. Today, it should not cost more than $500K. The widget should record my appraisal!

Posted by: BKLYN_73 at April 15, 2009 1:50 PM in response to House of the Day: 445 Warren Street

Does this widget really work? I appraised this house at $500K and that value does not even show up on the above graph. This is the third time it's happened with one of my appraisals.

Posted by: BKLYN_73 at April 15, 2009 1:27 PM in response to House of the Day: 445 Warren Street

Where have you been the last few months? Do you read the newspapers? People are lowballing and offering up to 40% less than asking price, insulting many sellers in the process. It's a buyers' market, in case you hadn't noticed.

Posted by: BKLYN_73 at March 8, 2009 7:18 PM in response to Making an Offer?

This house started as a FSBO way before BHS had it. I remember first seeing it on Craig's List a while back. Right now, pretty much every firm has it, even BP--who still has it listed at $2.3 million.

Posted by: BKLYN_73 at November 18, 2008 1:32 PM in response to House of the Day: 318 1st Street

It's the shock-and-awe strategy. Brokers/sellers think that if you price something absurdly high, someone out there will think it *must* be worth it.

Posted by: BKLYN_73 at November 18, 2008 1:13 PM in response to Co-op of the Day: 1 Pierrepont Street

This is so ridiculous. To the brokers: do you really think buyers don't understand what is means to buy a building with rent-stabilized tenants? The units occupied by the rent-stabilized tenants might as well be non-existent. These tenants will never leave. If it were so easy to get rid of these renters, the owner would have done so in order to sell the house. The fact that you're actually trying to convince people that this is a steal is pretty embarrassing. I thought Prudential was a relatively serious firm.

Posted by: BKLYN_73 at November 17, 2008 2:22 PM in response to HOTD: 306 Washington Avenue, Two Price Cuts Later

Rent-stabilized tenants???? Are you serious??? $1.9 million for a house with TWO rent-stabilized tenants, in Clinton Hill??? Dream on.

Posted by: BKLYN_73 at November 17, 2008 1:37 PM in response to HOTD: 306 Washington Avenue, Two Price Cuts Later

Did anyone go to the open house for 141 Lincoln Place (not on this list)? I would love to hear others' impressions.

I went and was disappointed. It's been a while since I've encountered such false advertising. "Loving restoration" means doors patched with gray putty to fill numerous gouges, and hung in an amateur manner with cheap hinges. Only 2-3 rooms had original inlaid floors, all others were new floors or subfloors (contrary to listing description). First two floors appeared to have original staircase (many spindles missing) but remaining staircase had been replaced and painted. The woodwork throughout much of the house looked as though it had been chewed by a dog. "Luxurious central AC" means three 4-inch diameter holes punched vertically into select walls. The main bathroom has to be completely re-done since the choice of tiles is very personal and customized, and unlikely to appeal to most buyers. The facade needs tons of work and there are missing spindles on the ironwork above the lintel. The banister has huge rusty holes. I was really disappointed, given the hyperbole in the listing. The only plus is the long lot.

Posted by: BKLYN_73 at November 16, 2008 10:31 PM in response to Open House Picks

Did anyone go to the open house? I would love to hear others' comments. Hope people come back to this thread.

I went and was disappointed. It's been a while since I've encountered such false advertising. "Loving restoration" means doors patched with gray putty to fill numerous gouges, and hung in an amateur manner with cheap hinges. Only 2-3 rooms had original inlaid floors, all others were new floors or subfloors (contrary to listing description). First two floors appeared to have original staircase (many spindles missing) but remaining staircase had been replaced and painted. The woodwork throughout much of the house looked as though it had been chewed by a dog. "Luxurious central AC" means three 4-inch diameter holes punched vertically into select walls. The main bathroom has to be completely re-done since the choice of tiles is very personal and customized, and unlikely to appeal to most buyers. The facade needs tons of work and there are missing spindles on the ironwork above the lintel. The banister has huge rusty holes. I was really disappointed, given the hyperbole in the listing. The only plus is the long lot.

Posted by: BKLYN_73 at November 16, 2008 10:17 PM in response to House of the Day: 141 Lincoln Place

thanks!

Posted by: BKLYN_73 at May 5, 2008 10:24 AM in response to Salvaging Mosaic Tile

^^ Thanks!

Posted by: BKLYN_73 at February 9, 2008 10:06 PM in response to Alarms for Apartment Unit?

Thanks Bklyn_Fire_Alarm_Guy--it's a small unit on a 4th floor (top floor), no fire escapes (sprinklers), no domestic help. I'm worried about the skylight and the front door. I would like to think it's nearly impossible for anyone to break in through front windows because of the height (hopefully).

Posted by: BKLYN_73 at February 8, 2008 7:03 PM in response to Alarms for Apartment Unit?

Thanks for the replies. I only need to secure a skylight and the front door. It seems that wireless would be the way to go, right?

Posted by: BKLYN_73 at February 8, 2008 2:44 PM in response to Alarms for Apartment Unit?

Thanks everyone. I was getting around 600, counting the bathroom and common areas. The broker referred me to the floorplan, and I'm trying to reconcile it with the Property Shark numbers, which don't match up. And it's true that in person it looks much smaller, 6:11. The price has come down substantially in the last two months, if only because it was very overpriced to begin with. It's a great location though.

Posted by: BKLYN_73 at January 31, 2008 7:22 PM in response to Help with calculation of square footage