150 Bond Finally Sells—For a Loss
The sale of 150 Bond Street, which was a House of the Day a number of times, was recorded in public records yesterday. The price: $1,400,000. The property, which was pitched as a gutted blank slate that would allow its new owner to “build your dream house in Boerum Hill,” first hit the market asking…
The sale of 150 Bond Street, which was a House of the Day a number of times, was recorded in public records yesterday. The price: $1,400,000. The property, which was pitched as a gutted blank slate that would allow its new owner to “build your dream house in Boerum Hill,” first hit the market asking $2,495,000 in March ’08. The price was cut several times until it was asking $1,595,000 this summer. The seller purchased it for $1,725,000 in September ’07. This one seems like it was a victim of unrealistic pricing from the get-go and a down market in which fixer-uppers are a tough sell.
House of the Day: 150 Bond Street Revisited GMAP P*Shark
Open House Picks: Price Cut Edition [Brownstoner]
Houses of the Day: A Couple of Price Cuts [Brownstoner]
House of the Day: 150 Bond Street [Brownstoner]
150 Bond Price History [StreetEasy]
lol ENY
5) is an interesting one stevieb. I guess you are right about that but I am not sure that miss muffett would necessarily want to take credit for being prescient about the collapsing bubble. I have heard her refer to herself as “lucky.” We have no way of knowing if What benefited financially from the collapse of the MAB.
1) John Paulson
2) Paolo Pellegrini
3) Steven Eisman
4) The What
5) Miss Muffett
I’m going to forward this to John and Steven (where I have friends who work with him) on Bloomberg. I’m sure they are going to be happy to be in such illustrious company. LOL
“what about the hardships of the families who bought into the real estate bubble hype and find themselves on the streets because they lost their jobs and they are upside down in their mortgage?”
You’re projecting the sufferings of an entire group of people on this one house seller? Time for a piss-test.
>>i’ll be waiting for your answers.
Ok, lets start with:
1) John Paulson
2) Paolo Pellegrini
3) Steven Eisman
4) The What
5) Miss Muffett
I don’t think there’s any evidence that this was a flipper. First, it was purchased by an individual, not a LLC.
This may have been an attempt to buy a home for his family and renovate it, which included gutting.
I haven’t checked to see if plans were filed to change the C of O to make condos/coop or more units. If they weren’t. i doubt this was bought as a flip.
Stevie, if your previous comments don’t amount to taking delight in this seller’s loss, I’d hate to see you *really* get excited over something!
>>Yes, it sucks for them as well, but that is no cause to delight in this seller’s loss.
Not taking delight; I still hate flippers even if they lost money!
I am still trying to figure out how I promoted a real estate bubble. Anyone out there rely on a bubble-era statement from me in deciding to overpay for a house?