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]
>>I am done with you
But I am not done with you yet! LOL!
>>He is your idle anyways
And you are my muse!
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?
Posted by: stevieb at November 19, 2009 11:07 AM
Yes, it sucks for them as well, but that is no cause to delight in this seller’s loss.
OK people, so on a serious note… Did this person grabbed a steal at 1.4Mil? How much would this house fetch fully redone in the current market?
i hope the universal health bill includes mental health / therapy. some folks seem to have run out of money for pills early this month.
agree that buyers got in over their heads and lost their shirt. that can happen when folks take risks. buying real estate is always risky. it’s an asset that can go up or down like all others.
i just have a hard time ascribing “idiot” to anyone who participated in the great real estate run up. obviously in hindsight, but i challenge anyone to name 5 *smart* people who saw this coming and made money on it. and seeing it coming for five years doesn’t count because then you missed all appreciation even considering the current adjustment.
i’ll be waiting for your answers. [no, i won’t accept cyber handles]
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?
Posted by: stevieb at November 19, 2009 11:07 AM
That may have been what happened here.
stevieb, you know I like you, but I don’t think any of the people you named are members of Team Bull. Certainly not Kens or Slopefarm. I don’t think 11217 is a perma bull either, just a relentless booster of Park Slope. And I always thought Antidope was a member of Team Bear, though I could be mistaken.
“I think we have room for another 10-15% down, but it will be a slow hiss over the next 3 years. Real estate is a slow animal.”
I agree with Maly on the market, though I’m ready to buy now, when I find the right place, and not try and time it.
slopefarm, you are welcome!
Hey Moron, how bout you actually grow a brain bigger than a squirrel before you start mentioning people. I am done with you. Not even worth it to get banned for am imbecile like you. Who cares what you say anyways.
I have an idea. Why don’t you crawl over to asshathill and go lick SDFL’s shoes. He is your idle anyways, what are you even doing here?
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?