Friday Links
Atlantic Terminal. Photo by forklift. Firefighter Is Killed in a Blaze at the Ebbets Field Houses [NYT] Putting the Brakes On Employee Parking Abuse [NY Sun] Lawsuits Soar Over Subprime Lending [NY Sun] Heat’s Off Brooklyn Real Estate Market [NY Post] Nets Staying in Jersey Until 2010 [NY Post] Housing Prices Plummet Across U.S. [NY…
Atlantic Terminal. Photo by forklift.
Firefighter Is Killed in a Blaze at the Ebbets Field Houses [NYT]
Putting the Brakes On Employee Parking Abuse [NY Sun]
Lawsuits Soar Over Subprime Lending [NY Sun]
Heat’s Off Brooklyn Real Estate Market [NY Post]
Nets Staying in Jersey Until 2010 [NY Post]
Housing Prices Plummet Across U.S. [NY Daily News]
Borough Hall Has a Big Rat Problem [NY Daily News]
Firm Tapped for Steeplechase Plaza [NY Daily News]
Pricey City Drives Out Artists [AM New York]
“Putting the Brakes on Employee Parking Abuse”
The biggest abusers are Police Department employees who drive in from the suburbs and park their personal vehicles all over the sidewalks let alone bus stops. This will never change. Imagine them ticketing themselves.
Nah, 12:12pm, I’m afraid Mr Joist is correct. It all depends on what’s on the market and what any individual RE company has on their books. Corcoran simply haven’t had the listings in PS, whereas they tend to dominate the high end of FG/CH. And as far as prices having “room to grow” in FG/CH, I completely disagree. In a softer market, buyers become more conservative and look more closely at the amenities that exist NOW rather than what might or might not come online in the next 2-5 years. Personally I prefer FG/CH, but I think it’s overpriced and that, in the short term at least, the area will suffer more while PS holds its own.
Mr Joist, the numbers make sense to me. The PS townhouses are already pricey and unlikely appreciate much more in the uncertain market. Other nabes such as FG/CH have more room to grow. However, that’s not to say the pattern will continue now that the recession fear starts to sink in.
nice picture of the windows from that cheapassed POS Ratner put up.
I said yesterday that the stats have very limited value when broken down by neighborhood because sample size is so small
and product varies greatly.
Tell me median price per sq ft. -not average price for ‘2 bedroom’.
Cobble Hill, Carroll Gardens etc are so small
how many sales do you think are included?
As to Parking permit article – I say 20% reduction is drop in the bucket. And I predict police dept employees won’t reduce at all and continue to park wherever/whenever.
This is a comment on the NY Post article “Heat’s Off Brooklyn Real Estate Market.”
The article is based on the Corcoran study that was covered a bit yesterday but on the “one-family townhouses” sales, how can BH be up 35%, FG/ClH be up 48%, CG/CoH be up 15% and Park Slope be DOWN 15%?!
I’m not arguing any point (all should be up or down) but that calls into question the data set, no? These neighborhoods are next to each other.
While I’m at it, the study says median one-family townhouses sell for 30% MORE in Fort Greene/Clinton Hill than in Park Slope … come on. I love FG/ClH but that just flies in the face of reason and experience.
What say you Brownstoner Blog community?