$150K and $160K for prime brooklyn heights studios, even if their condition was poor, seems like a pretty good deal.

Anyone know how auctions like this work for co-ops? How is approval handled? Would you be able to purchase as an investor under these circumstances?

Posted by: bdeis01 at October 7, 2009 10:46 AM in response to 280 Hicks, Many Others, Fail to Sell at Auction

Will be interesting to see if predictions improve over time. All of these were in April, which was 1 month after the low point in the stock market. Sentiment was pretty horrible then and may gradually improve. Widget results may be more volatile based on sentiment vs. actual real estate prices.

Posted by: bdeis01 at October 1, 2009 11:29 AM in response to

I think the rents are too high as well, but keep in mind two things. 1) Search streeteasy for 3 bedrooms. There are very few priced much less than this in the area. For someone that "needs" 3 bedrooms, supply is limited. 2) This are the gross rents and probably don't reflect that they are likely to offer 1 or 2 months free like almost every other rental building. If they do, the net effective rent for a $5,000 unit is under $4,200. Still not cheap, but much closer to "reality".

Posted by: bdeis01 at August 19, 2009 10:32 AM in response to All Is Revealed at Avalon Fort Greene

Brownstoner, can you add a link to the other renderings or post the other ones here?

Posted by: bdeis01 at June 9, 2009 9:43 AM in response to 111 Lawrence Tops Out, Gets Name

I actually lived in this building as a renter in the last couple of years. (those were our blue walls and tan walls; not our shower curtain!)

It appeared to us that one buyer backed out since it was listed. Would not be surprised if it was due to problems with the building as we had major issues with boiler replacement while we rented (no heat for more than 2 months in the middle of winter).

Posted by: bdeis01 at May 14, 2009 9:50 AM in response to House of the Day: 129 Prospect Place

Well, some people live there. The University Towers Co-ops are not far away on Willoughby St; as someone who recently moved in there, I'm hopeful the influx of residents helps with the retail/commercial activity in the area outside of 9-5 hours.....

Posted by: bdeis01 at January 14, 2009 9:19 PM in response to Development Watch: Avalon Myrtle in High Gear

Knickerbocker--are you sure foundation work/construction is happening for Citypoint? heard a rumor it had stopped.

Posted by: bdeis01 at October 30, 2008 8:46 PM in response to Avalon from Above: Seven Weeks Later

Where are you buying? In the brownstone on Dean? Newswalk?

Posted by: bdeis01 at August 27, 2008 3:20 PM in response to Don't hate me b/c I want to buy near AY