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Author's Posts
October 10, 2008
Closing Bell: Let the Flea Times Roll
The weather last week ended up being sub-par, but this Sunday's looking sweet! In addition to week 2 of the Furniture Fest being organized by Greenjeans, there are a ton of vendors new and old this week; over on the Flea Blog, Senor Flea reports that the sold-out line-up will include an all-time high proportion of vintage and antiques vendors, about 80% by his estimate. For a round-up of some of stand-out attractions this weekend, click here.
The Brooklyn Flea runs on Sunday from 10 a.m. to 5 p.m. at 176 Lafayette Avenue in Brooklyn; no bikes or dogs allowed in the market. Closest trains are the C and G to Washington/Clinton. You can also take any of the number of trains that go to Atlantic Station and walk up Lafayette Avenue from there. For more info, check out the Flea Blog.
Disaster Scene Fire on Fulton
We just got a tip that there's huge gathering of fire engines and ambulances on Fulton Street between South Elliot and South Portland. Anyone know what's up? Can anyone grab some photos quickly? Update: Looks like "disaster" may have been overstating it from the looks of this photo that just came into the tip box.
Thanks
Quote of the Day
Each day as I read The What’s explanations and referenced articles I could see the unthinkable WAS occurring. And let’s face it, who else on this blog was predicting the catastrophic collapse of the US banking system and the economy? The optimists were thoroughly delusional, eyes and brains neutralized by their own dreams and desires. Here’s a toast to the grand tradition of skepticism…and perhaps a well-informed logical pessimism as well.
— by Oxygen in I Told You So...
Just Sold in Brooklyn
SOUTH SLOPE $850,000
497 12th Street
Prewar two-bedroom, 1½-bath duplex, 1,055 square feet, with 300-square-foot outdoor space, tin ceilings, new kitchen with dishwasher and renovated bath with claw-foot tub. Common charges $340, taxes $183. Asking price $819,000, on market three months. Brokers: Kristina Leonetti and Jessica Buchman, The Corcoran Group. GMAP
KENSINGTON $250,000
300 Ocean Parkway
Prewar one-bedroom, one-bath corner co-op, 850 square feet with foyer, windowed eat-in kitchen, five closets and renovated bath with Tiffany tiles; building features elevator and laundry. Maintenance $630. Asking price $260,000, on market two weeks. Broker: Jeff Surowka, Abacus Properties. GMAP
Just Sold! [NY Post]
Streetlevel: Wedding Dresses Coming to Jay Street
In the space formerly occupied by the Chabad center at 69 Jay Street, a new wedding dress store called The White Gown is in the process of opening. While the store is new, the dress designer has been operating out of a loft in the building across the street for some time.
Open House Picks: Price Cut Edition
Prospect Heights
287 Park Place
Corcoran
Sunday 2-4
$2,195,000 $1,999,000
GMAP P*Shark
Boerum Hill
150 Bond Street
CBHK
Sunday 12-4
$2,495,000 $2,375,000 $2,295,000 $2,195,000 $2,095,000 $1,995,000
GMAP P*Shark
Windsor Terrace
247 Windsor Place
Brooklyn Properties
Sunday 12-2
$1,250,000 $1,150,000
GMAP P*Shark
Victorian Flatbush
2117 Albemarle Terrace
Brown Harris Stevens
Sunday 2-4:30
$979,000 $945,000
GMAP P*Shark
Open House Picks: Six Months Later
Comment: Some good news, some bad.
Open House Picks 4/6/08 [Brownstoner]
Happy Birthday PLG!
It was 29 years ago yesterday that the Prospect-Lefferts Gardens Historic District was born, an article in today's Brooklyn Eagle reminds us. Built on the former farm of 17th-century Dutch immigrant Leffert Pietersen van Haughwout, the architecturally distinctive community sprang up under the supervision of van Haughwout's great-great-great-grandson James Lefferts in the last decade of the 19th century and first decade of the 20th century. For more history, check out the Lefferts Manor Association website.
Author's Comments
Agreed that the other one looked nicer in the pics...
Posted by: brownstoner at July 11, 2006 11:47 AM in response to Condo of the Day: Stretching on Wyckoff?
Maybe we're biased cuz we live pretty close to here, but proximity to Nets arena doesn't seem to be a big concern for this immediate area. Too far away for basketball fans to park, that's for sure...
Posted by: brownstoner at July 11, 2006 1:23 PM in response to House of the Day: Overpriced on St.James?
whoops. thanks. fixed it.
Posted by: brownstoner at July 12, 2006 10:29 AM in response to Big Turnout For AY Housing Forum
Well, depends on what the other zoning rules are and the context. This one property will be worth more if someone can put up a sliver tower, sure, but if every beautiful old building in the area was demo'd and replaced with ugly tall buildings, the area would become less desirable and valuable, certainly on a per square foot basis.
Posted by: brownstoner at July 12, 2006 10:35 AM in response to Wednesday Links
we'll check out that akismet thang...
Posted by: brownstoner at July 12, 2006 11:18 AM in response to Site Registration for Commenting
Less than ideal, we know. We're looking into some other options...
Posted by: brownstoner at July 13, 2006 9:47 AM in response to Using Typekey: Just a Little Patience
Forgot to ask: If anyone has the guidebook from the house tour, could you please look up the street number...Thanks
Posted by: brownstoner at July 14, 2006 9:38 AM in response to Stepping Out On FG Park (For Almost $4 Mil!)
Whoops. Thanks. Must be the jet lag...
Posted by: brownstoner at July 26, 2006 9:51 AM in response to Former Brig to Yield Up to 400 Units of Housing
True, unless there was work done. The interior looks to be in pretty nice shape, don't you think?
Posted by: brownstoner at August 1, 2006 1:43 PM in response to House of the Day: Revisiting Glenwood Road
Responses to Author's Forum Comments
BAC is looking good today. X is trading at 2 times this years earnings. Though I realize those earnings will decline next year , they will still be trading at 5 if they stay in this 40-50 range.
Posted by: HOBOKENROCKS at October 10, 2008 2:50 PM in response to I told you so...
daveinbedstuy
how can you say that a depression or a fall in the Bkln housing market has not occurred, when the DOW has dropped 40% in a year - much of it in the last month?
Why would you think that economic reaction to this would be instantaneous, and if not, then therefore NOT going to happen.
I have no clue if we're heading for a literal depression or if the bkln market will "bottom out" but at this point how could you honestly rule out ANYTHING!?
simply to be contrarian to The What?
you give off a vibe that "you've seen this before and no big deal". Well, you're the only one left to say that on the planet.
Posted by: Pastabatman at October 10, 2008 3:01 PM in response to I told you so...
You and I have a different definition of depression. Look it up and see how it relates to money supply, both M1 and M2. You can say this "feels" like a depression or a recession but that's where the actuality ends!
Am I really the only one left on the whole planet to think this???
There's no responding to these generalisations that are not supported by some kind of evidence. Throwing words and phrases around that you hear on FOX doesn't support the case that you want to argue.
Posted by: daveinbedstuy at October 10, 2008 3:11 PM in response to I told you so...
Depression would be 20 plus percent of unemployment. Though If these markets keep diving we will in turn get close. 886 sp broke it will go higher
Posted by: HOBOKENROCKS at October 10, 2008 3:17 PM in response to I told you so...
How is this crisis going to effect the elderly?
Do you think this demographic will be amongst the hardest hit: loosing value in pension and retirement funds when they do not have the longevity to endure long term rebounds?
Not to become a conspiracy theorist, but it was mentioned to me yesterday that this banking scam/crisis will ultimately target the elderly. Grab their money, crash the market, get a bail out, bleed the value, then bring the system back online when wealth has changed hands.
Kills two birds with one stone: profit off the elderly and hasten the demise of a huge social demographic that is a burden on society's collective resources. What to do with all the elderly, and their upkeep?
Posted by: Oxygen at October 10, 2008 3:23 PM in response to I told you so...
UP UP AND AWAYYYYYYYY
Posted by: HOBOKENROCKS at October 10, 2008 3:37 PM in response to I told you so...
Oxygen...the elderly should not have their money in the stock market to begin with. They should be practically 100% in relatively safe fixed income Treasuries (which have gone up in price) if they are living off the interest of their investments. That said, many of the elderly actually have pensions which will continue to pay the defined benefits. Whether or not the pension is underfunded or not is a completely different story.
So there are a lot of other factors in play with regard to people already retired and those considered "elderly" which I would put at 70+
Posted by: daveinbedstuy at October 10, 2008 3:38 PM in response to I told you so...
DOWN DOWN DOWN AND OH THIS BABY IS GOING DOWN NOW, I LOVE IT.
Posted by: HOBOKENROCKS at October 10, 2008 3:40 PM in response to I told you so...
You need a lithium pill today Hoboken!!!! BAC +7% Boooyah
Posted by: daveinbedstuy at October 10, 2008 3:45 PM in response to I told you so...
dude I won't let go of my straddles. Whatever happens next week, I will be protected on the upside and downside. Which way it will go nobody knows. Dave your right when this market goes up you won't be able to catch it
Posted by: HOBOKENROCKS at October 10, 2008 3:50 PM in response to I told you so...
1930 sounds too late to us...
Posted by: brownstoner at July 11, 2006 11:23 AM in response to Architecture 101: Inniss Franciscan House