Agree with you about N. Slope, 11217, but, then again, my zip is 11217 too. Center slope transportation sucks and parking is impossible.

Posted by: FatLenny at October 30, 2009 4:24 PM in response to Open House Picks

I'd say PS place needs to come down $100-$150K.

Posted by: FatLenny at October 30, 2009 2:00 PM in response to Open House Picks

Rogers has been predicting an inflation crisis since I started watching CNBC in 1997. He might be slightly smarter than Kudlow but no less wrong. Read Krugman instead. He is NOT worried about inflation in a stag deflation environment.

Posted by: FatLenny at October 15, 2009 11:39 AM in response to Elliman Q3 Report: Better Than Q2

I like the photo. I also would have accepted horse manure.

Posted by: FatLenny at October 8, 2009 11:17 AM in response to Omissions and Lies in Atlantic Yards Study

Am I the only one who thinks that the widget should be associated with login ID's? In addition to showing which users have the best predictive power, it would help weed out interested parties who are registering bids at the high and low end.

Some people will probably have privacy concerns so just make it opt-in.

Posted by: FatLenny at October 1, 2009 12:26 PM in response to

I really like these, but, yeah, $1 million/floor ain't gonna fly. Great reno, though. I think they'll get within 15-20% of ask.

Posted by: FatLenny at September 25, 2009 12:45 PM in response to Condo Conversion at 219 Saint Johns Hits the Market

I live a block away from this place and there has been precious little activity in the last year. I wouldn't be surprised if it was bank-owned at this point.

The architecture is totally out of place but I like it better than the cheap POS on 4th Ave & Warren.

Posted by: FatLenny at September 24, 2009 12:00 PM in response to 134 St. Marks Place Takes a Mulligan

Make this insanity stop. I would love to see this criminal back out of the deal at the last minute and leave FCR in bankruptcy.

Posted by: FatLenny at September 23, 2009 5:28 PM in response to Nets Will Have New Owner; FCR Will Have New AY Partner

Mr. Brown, we all know it's not a stock. There is always only one buyer--we know that. The widget discrepancy is a function of the RE mood, and especially of the mood of the most fervent posters on this site.

As for MM, she dishes as much as she gets. And her logic was always anecdotal and specious.

Posted by: FatLenny at September 22, 2009 2:21 PM in response to Last Week's Biggest Sales

These 4 pictures look nice. I'm worried about the missing 12. If there are no disastrous rooms, I think it'll get no less than $1.9.

Posted by: FatLenny at July 8, 2009 4:27 PM in response to House of the Day: 448 6th Street Revisited

Nice bait and switch for the BHO crowd.

Posted by: FatLenny at July 6, 2009 1:49 PM in response to Half-Stake in 370 Clinton Sells—For Half the Listing Price

the widget might even be on the high side this time.

Posted by: FatLenny at June 30, 2009 2:18 PM in response to House of the Day: 358 Prospect Place

Is there no end to this ignominy?

Posted by: FatLenny at June 29, 2009 11:18 AM in response to Historic District and AY: Like Pieces of a Puzzle

MM, i'm happy to be in agreement with you. 6th st will not get 1 mill. Max $500 psf.

Posted by: FatLenny at June 26, 2009 3:48 PM in response to Open House Picks

DIBS, is there any securitization market for jumbos right now? I can't remember if they're supported by one of the Fed programs. I can't imagine Citi or JPM has any appetite for keeping jumbos on their books.

Posted by: FatLenny at June 26, 2009 3:44 PM in response to Open House Picks

Strangely terrible listing. 3 photos and no mention of PS 321, which is its biggest selling point. I think it'll get over 2 million just for 321, unless the kitchen and baths are terrible, as the lack of photos clearly indicates.

Posted by: FatLenny at June 25, 2009 3:40 PM in response to House of the Day: 460 2nd Street

Not much to look at here. Distinct lack of pix of baths or kitchen on Sackett St. The presentation of these listings is so bad, it makes me think I should open up my own damn RE biz. How hard is it to build a decent website? Do opaque listings really sell houses?

Posted by: FatLenny at June 19, 2009 4:06 PM in response to Open House Picks

Buyers will neither have the appetite nor the ability to leverage as they once did, but if the worst is behind us (a big "if" in my opinion), then there will be an uptick in consumer confidence, including confidence in housing. It seems conceivable that we'll hit a bottom this year or early next year. That anything is selling at a good price right now is a positive sign. I don't think it's because of "idiot buyers," as Team Bear would have it.

Posted by: FatLenny at June 19, 2009 3:56 PM in response to Open House Picks: Six Months Later

Bonuses will be coming back in 2009, I think. I work at UBS Investment Bank where morale is duly terrible. Now that other financial firms are making money, everyone is leaving here in search of bonuses. Other Fixed Income trading desks are cashing in on wide spreads and government backing. That's not to say that everyone is making money or is even safe, but there will be bonuses next year. Even UBS is starting to pay again because of the exodus.

Posted by: FatLenny at June 19, 2009 3:09 PM in response to Open House Picks: Six Months Later

C'mon lecachal, do you really need to explain to us that $3 million is a lot of money? We're not children. It's like Republicans on the Senate floor whining about the stimulus package: "If you took a trillion single-dollar bills and stacked them up, it would rise to the moon!"

Posted by: FatLenny at June 16, 2009 1:24 PM in response to Last Week's Biggest Sales

Fucking disaster. Totally agree with DDDB. This project was as cynical as they come and was only possible with a complicit and spineless local government.

I hope FCR gets its comeuppance.

Posted by: FatLenny at June 11, 2009 10:53 AM in response to Ratner Cans Gehry For Good

MM, according to Case-Schiller, prices have been dropping since mid-2006, not just since winter.

Posted by: FatLenny at June 9, 2009 2:24 PM in response to Last Week's Biggest Sales

Would do well to get $500K. I'm guessing $475K.

Posted by: FatLenny at June 3, 2009 2:29 PM in response to Co-op of the Day: 41 Eastern Parkway, #5C

Sorry I missed this thread yesterday. I'll be very curious to see what impact, if any, the Dow surge has with respect to home prices. We know Case Schiller is delayed 2 months (and doesn't include many NYC property types). Will we see a bounce or a stabilization in the coming months now that people or feeling a bit more secure if not exactly wealthier?

Posted by: FatLenny at June 3, 2009 11:26 AM in response to Last Week's Biggest Sales

I'm going to have to agree with BHO for once, sort of. This one goes for 30% off to get a deal done.

If it's now FSBO, maybe the owners are just putting their line in the water to see if anyone bites. Doesn't sound like a motivated seller. It'll probably languish.

Posted by: FatLenny at June 1, 2009 2:33 PM in response to House of the Day: 130 South Oxford Street

This is one of the best buildings I've seen in Brooklyn. I used to live on the same block and gazed at it with contemptuous envy every time I passed by. If it were a condo, it would be a good investment as a vacation rental.

Is it true that this building was used to relocate tenants when Ratner built Metrotech?

Posted by: FatLenny at June 1, 2009 2:21 PM in response to Co-op of the Day: 279 Sterling Place Studio

Enough with the hideous brick buildings on 4th!

Posted by: FatLenny at May 29, 2009 4:17 PM in response to Development Watch: 574 4th Avenue

"don't dive, muff, or at least wait till you see a good trim. if you're patient, it'll go down on you and you won't have to take a bath."

Bring back QOTD! I can't stop laughing.

Posted by: FatLenny at May 29, 2009 3:21 PM in response to Open House Picks

Those kitchen cabinets in the 9th st place are a killer. Must be costing them $100K in price right now.

Posted by: FatLenny at May 29, 2009 3:19 PM in response to Open House Picks

Seems like these could've been nice. They need the interior designer who did the sold out lofts in W'burg posted yesterday.

Posted by: FatLenny at May 29, 2009 11:41 AM in response to Red Hook Townhouse Project On the Market

suweet. Can't wait.

Posted by: FatLenny at May 28, 2009 3:00 PM in response to StreetLevel: Franny's Cheese Shop Opening Soon

I'm guessing there's a reason it's still on the market. There is beautiful housing stock on this and other blocks, but it's still a pretty crappy nabe.

Posted by: FatLenny at May 28, 2009 1:54 PM in response to House of the Day: 859 St. Marks Avenue

These are def cool pads - nice website anyway. I'd move there just for Verizon Fios.

Posted by: FatLenny at May 28, 2009 11:45 AM in response to That Was Fast! 72 Berry Sells Out

I want a full report on regional wines. Be sure to try out those beautiful Italian blends.

Posted by: FatLenny at May 27, 2009 4:50 PM in response to Postcard from Amalfi: Convent in the Hills

I doubt 4th street will go lower than 1.6.

Posted by: FatLenny at May 15, 2009 4:48 PM in response to Open House Picks

I wouldn't worry about a wooden deck--they're a dime a dozen--though I certainly would use it to bring down the price if I were the buyer.

What do you think 4th street will fetch, $1.75?

Posted by: FatLenny at May 15, 2009 3:09 PM in response to Open House Picks

This post will prove that someone is off his meds.

Posted by: FatLenny at May 14, 2009 2:36 PM in response to Refinancing: How Sweet It Is

metaphase, regarding your third point, have you seen a graph comparing the performance of the s&p over the last 10 years to that of a Brooklyn Townhouse over the last 10 years?

You would have saved a lot of dough having your cash stuck in a down payment.

Posted by: FatLenny at May 14, 2009 2:28 PM in response to Refinancing: How Sweet It Is

What needs some help with Excel. Perhaps a computer class at the local community college will help.

As DIBS said, the refi issue is purely a matter of fees versus decrease in monthly payments, especially if, as in Mr. B's case, the UPB is roughly the same for the existing and new mortgages.

Posted by: FatLenny at May 14, 2009 1:33 PM in response to Refinancing: How Sweet It Is

McKenzie, you can get one for that (less, actually) just a mile away from this location. It doesn't really matter what you think it should cost. Park Slope happens to be one of the best neighborhoods in perhaps the best city in the world. We forego 3-car garages to live here.

You can get good modern living in Orlando--cheap!!!

Posted by: FatLenny at May 12, 2009 4:58 PM in response to House of the Day: 178 8th Avenue

If property shark is right, and this has over 4,600 sf, at $600 psf, this house comes to $2.8 million. I ain't saying it'll get that, but that's a lot of house.

Posted by: FatLenny at May 12, 2009 4:19 PM in response to House of the Day: 178 8th Avenue

The only good use of the widget would be to associate estimates with user id's. Then we could see who's best at predicting where the market is. Just make it opt-in.

Posted by: FatLenny at May 12, 2009 3:34 PM in response to House of the Day: 178 8th Avenue

I'm sure we have, Lech. We should discuss the relative merits in persons. I'll wear my Ween t-shirt next time. I'm usually on the morning shift while Wifey sleeps off her hangover.

Posted by: FatLenny at May 12, 2009 12:53 PM in response to 53 Lincoln Condos Hit the Market

I am so disgraced to live in one of lecachal's nope nabes.

Posted by: FatLenny at May 12, 2009 12:12 PM in response to 53 Lincoln Condos Hit the Market

I've been watching these go up as I push my kid on the swings. I wouldn't want to live right across from 282 but it's otherwise a great location and the building is much wider than a brownstone.

I like the way they look though I'm not sure about the logic behind a windowed facade in front of a crowded playground. I think they'll get a premium compared to the other crap being erected, but they ain't gonna get what they're asking.

Posted by: FatLenny at May 12, 2009 12:09 PM in response to 53 Lincoln Condos Hit the Market

boroughbred, it's not really near enough to Prospect Heights to make a difference.

Posted by: FatLenny at May 8, 2009 4:29 PM in response to Open House Picks

Every day. Send me the link about the stubbornness coefficient.

Posted by: FatLenny at May 7, 2009 9:53 PM in response to Pam Liebman: Brooklyn Doing Better Than the Rest

Who are these wonderful RE experts and what data are they using for their analyses? I'd be curious to see their formula for stubbornness.

Posted by: FatLenny at May 7, 2009 4:32 PM in response to Pam Liebman: Brooklyn Doing Better Than the Rest

Prop shark has it as only two stories. I wonder what the true sq footage. It ain't getting $637, though I do love the location. Good starter home for a family. If the super jumbo loan market weren't so crappy, you could make this affordable.

Posted by: FatLenny at May 7, 2009 4:19 PM in response to House of the Day: 100 St. Mark's Avenue