Real Estate Taxes

What does everyone think about the BART shooting and the riots in Oakland? Surprised this is not getting more media play. It is getting coverage in the NY Times, but I'm surprised there in not more coverage on CNN. Not everyday that there are riots in America.

Posted by: cwh812 at January 8, 2009 11:02 AM in response to Open Thread

I used to live on 7th Ave. and I think this building had the fire 5 days after I moved to Brooklyn (back in late August/early September of 2004).

BTW, you are not a Park Sloper if you don't recognize Jake. Used to see him all the time (and give him money). Don't live in PS anymore though.

Posted by: cwh812 at November 26, 2008 1:20 PM in response to Big Plans for 79-81 7th Avenue Quashed

Mr Joist: You have some funny math going on there. The difference between 2 million and 2.08 million is $80,000, not $8,000, making it a 4% difference, not .4%. Sure .4% is irrelevant, but 4% has some standing.

Posted by: cwh812 at December 7, 2007 3:55 PM in response to Open House Picks

Anybody know if the developer is?

Posted by: cwh812 at December 7, 2007 12:05 PM in response to Fire at Suite Sixteen Last Night

5:13, the pics were not of specific apartments.

And I don't quite understand the pricing of that building in Tribeca. 985K for a 1 bedroom, 1 bath 688 Sq. foot apartment, but 1.25 mil for a 3bed, 3bath 1500 sq. foot apartment.

Does anyone else think this pricing is a little off (too close together)?

Posted by: cwh812 at December 5, 2007 5:41 PM in response to Co-op of the Day: 205 Warren Street, #2A

I have to agree with the other posters. This are of Washington stretching from Clinton Hill through Prospect Heights is becoming very developed (in terms of condos), but the businesses aren't following. I find it very strange.

Posted by: cwh812 at November 19, 2007 5:07 PM in response to StreetLevel: New Thai Restaurant for Prospect Hts

7:05, how did the person who set up the forum get your information or how did you find out about the private forum?

Posted by: cwh812 at November 15, 2007 7:26 PM in response to Closing Bell: First Move-Ins at Belltel?

6:48, I know its a free country and of course they have the right to do it and I applaud them for doing so. I'm just curious as to how they found each other.

This might be helpful for other new developments. It would be great if the people in contract could contact one another about issues they are having with developers/sponsors. I just don't know how they can get connected without the developer/sponsor sharing their information.

Posted by: cwh812 at November 15, 2007 6:54 PM in response to Closing Bell: First Move-Ins at Belltel?

Oh, and to Original Poster, despite my last post about 2 bedrooms 628 is way to high for 570 sq feet. Need to knock off at least 100K.

Posted by: cwh812 at November 15, 2007 6:48 PM in response to $628K for 570 sq. ft?

1:24, show me a 2 bedroom in northern park slope for 550K. Not gonna happen unless (1) really high maitenance and (2) needs renovation. Try 700K for the lowest you'll find.

Posted by: cwh812 at November 15, 2007 6:47 PM in response to $628K for 570 sq. ft?

Sorry, forgot, 4:57, this is not quite the hood. If you cross Flatbush that is the hood. I'm betting that this side of Flatbush becomes very nice in 5 years. Fulton Mall will be much different.

Posted by: cwh812 at November 15, 2007 6:41 PM in response to Closing Bell: First Move-Ins at Belltel?

5:34, How can there be an owner's forum when units weren't closed yet (e.g. don't you have to be closed to be an owner)? Was the developer/sponser closing on units before they were ready?

Who was given access to the message board? People who had signed contract already?

I looked at a place here and I'm curious like 5:36. I'm wondering how other people who had not closed or moved in were able to connect and start a message board.

Posted by: cwh812 at November 15, 2007 6:39 PM in response to Closing Bell: First Move-Ins at Belltel?

This is not Brooklyn, is it?

Posted by: cwh812 at November 13, 2007 2:55 PM in response to Pre-War Condo & Potential Development Problem?

2:33, This is not a thread about that type of drug store.

Posted by: cwh812 at November 13, 2007 2:54 PM in response to Streetlevel: Dumbo Gets a Proper Drugstore

I think they underpriced the middle apartment (the one in contract) and overpriced the other 2 a little bit. Whoever got the middle apartment got a deal. Rooms are a bit on the small side, though you could easily knock down a wall and create a nice 2 bedroom.

Posted by: cwh812 at November 12, 2007 5:29 PM in response to Condos of the Day: 40 Sterling Place

12:43, a 500K Wall Street earner cannot be compared to a junior law firm associate. They have to at least be compared to a senior associate whose bonus just went from 60K to 110K. If you include the increase in pay at the beginning of the year, that Senior associate is probably bringing home 100K more in 2007 than they did in 2006. This definitely has an impact. The point I'm trying to make is that Wall Street bonuses are not the end all in terms of demand in Brooklyn. There are other high earners in this city.

Posted by: cwh812 at November 1, 2007 2:16 PM in response to Housing Market Collapse: How Bad Can It Get?

I love how everyone assumes Wall Street bonuses are the only thing that matters when looking at demand for the housing supply. Law Firm bonuses are going to be at a record high this year:

http://www.nytimes.com/2007/10/31/business/31legal.html?ref=business

And quite frankly I think that lawyers are much more likely the type of people to live in Brooklyn (at least at a younger age) than bankers.

Posted by: cwh812 at November 1, 2007 12:38 PM in response to Housing Market Collapse: How Bad Can It Get?

I don't understand why paying off the rent-stabilized tenants is so hard. The story on 227 Berkeley suggests that the price of the house was cut almost 700K because of one rent-stabilized person. The posting suggests that person wouldn't take 200K or even 500K to just leave!! That is ridiculous. Why would someone ever turn that down?

I can understand if you had a place where you were paying $200 on the UWS for a 2-bedroom. But this is not the case in Brooklyn. Anyone have any concrete stories where a person was offered a lot of money to leave and just wouldn't?

Posted by: cwh812 at October 29, 2007 11:24 AM in response to Rent-Regulated Tenants: A Boon for Buyers?

11:04, You cannot get decent sized 2 bedroom (over 950 feet) in prime Park Slope (without fudging the area) for under 600K. Please show me such a co-op or condo for sale.

Posted by: cwh812 at October 28, 2007 11:49 AM in response to Open House Picks: Apartments

"Tune in tomorrow morning for a Saturday edition of Open House Picks: Co-ops and Condos. If enough people like the feature, we'll make it a regular thing."

I loved the co-op and condo open house picks. You should do it regularly.

Posted by: cwh812 at October 19, 2007 4:16 PM in response to Open House Picks: Houses

They took 2 years to do that? I can't see any big differences in the picture. Maybe I have to go to take a look.

Posted by: cwh812 at October 19, 2007 12:22 PM in response to BPL Plaza Post-Renovation

Clinton Hill is nice. I bet it was "4th Worst Neighborhood to go to if your a KKK member."

Posted by: cwh812 at October 19, 2007 11:52 AM in response to Clinton Hill Fourth Worst?

Why the fountain? Looks a bit strange. I guessing in the 700-800 per square foot range.

Posted by: cwh812 at October 19, 2007 11:46 AM in response to 174 Vanderbilt Revealed: Clermont Greene

Another point, where is Hot Bird and is it still in business. Obviously they think they are the best BBQ in New York, but they can't be if they are no longer in business.

Posted by: cwh812 at October 18, 2007 5:22 PM in response to Thursday Blogwrap

There are two of those signs. One is is Prospect Heights and the other is in Clinton Hill. Based on the directions this one gives I think this is the Clinton Hill sign when you approach on Atlantic going South/West.

Posted by: cwh812 at October 18, 2007 5:21 PM in response to Thursday Blogwrap

Reasonable price at first glance, but a 1200 ft place with just one bathroom is strange. Also that bathroom is only accesible from the Master Bedroom. Dealbreaker for me if I was in the market.

Posted by: cwh812 at October 17, 2007 5:32 PM in response to Co-op of the Day: 69 Pierrepont Street FSBO

12:19, I figure this must be a re-sell, not one of the the original sponsor sales, but $1000 a foot seems like a lot. I think the larger apartments are more in the $800-$900 range, but I could be wrong.

Posted by: cwh812 at October 12, 2007 2:15 PM in response to Just Sold in Brooklyn

OK looking building, but I don't see people spending that kind of money in that area. Apartments are nice enough, but that is a few blocks from PLG. Busy intersection and not a great neighborhood does not add up to $500 per foot.

Posted by: cwh812 at October 12, 2007 2:06 PM in response to Brokerage Switcheroo at PLG Condo Project

Thanks for your help.

Posted by: cwh812 at October 12, 2007 10:42 AM in response to Real Estate Taxes

Brownstoner and 1:39, You guys might have received an e-mail only last week, but it is obvious that the first poster has some kind of royalty status and got to see them far in advance. "I was presented with these..."

Posted by: cwh812 at October 8, 2007 5:05 PM in response to Condos of the Day: 210 South First Street

Location is not great. Looked at 647-649 a few months. Apartments were fine but the lower ones look straight at an auto shop across the street and more of the same in the back. Very noisy area. I think that is why some people might be hesistant.

Posted by: cwh812 at October 3, 2007 1:59 PM in response to Condos of the Day: Washington Avenue Doubleshot

I looked at these when I moved 5 months ago. If space isn't too much of a concern go with the real washer and real dryer. These things do not dry well (too long and clothes come out wrinkled as people said above). If space is not too much of a concern and you don't mind spending a little more go with an LG energy efficient washer and dryer. That is what we did and we are happy with the purchase.

Posted by: cwh812 at September 21, 2007 12:51 PM in response to Compact Washer/Dryer

This is very interesting. I bet they are renting this place to ride out the (possible)market downturn. Maybe they are hoping there will be more available buyers in a year or so when the banks are recovering from the subprime mess.

I don't think they are going to have too diffcult a time renting. It is a brand new lux apartment in a nice building with lots of living space. Maybe knock a couple hundred off to an even 4K.

I wonder what this place would sell for now?

Posted by: cwh812 at September 21, 2007 12:45 PM in response to Rental of the Day: J Condo Two-Bedroom