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PROSPECT HEIGHTS $1,075,000
135 Eastern Parkway
Three-bedroom, 2,200-square-foot co-op in a prewar building; 24-hour doormen, dining room, renovated kitchen, marble baths, washer/dryer; maintenance $1,538, 50% tax deductible; listed at $1,199,000. Broker: Aguayo & Huebener.

CARROLL GARDENS $715,000
505 Court Street
Two-bedroom, 1,135-square-foot condo in a prewar building; 24-hour doormen, dining area, renovated bath, high ceilings, hardwood floors; common charge $786; taxes $4,716; listed at $720,000. Brokers: Corcoran; Bellmarc.
Residential Sales [NY Times]


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  1. 505 is selling quickly now. I heard its been one condo per week for several months. People seem to have shifted views on what was previously viewed as a badly managed undesirable property.

    Those units always looked amazing to me.

  2. sounds like you should not have bought property with your attitude. if you are in it for the long haul and enjoy your place, then just be happy with it instead of worrying what everything else is doing.

    i also bought last year in brooklyn and consider it one of the best decisions of my life. if the value goes down (which incidentally, i think a similar place on my block sold for about 50K more than I bought mine 6 months ago) a little, no skin off my back cause it’s my home and i’m not paying rent.

    to comment that all properties are not going for the asking price may also mean that the properties were overpriced to begin with and are getting fair prices when then are sold.

    to have the market correct now is only going to help you and I down the road.

  3. I know many properties are still being listed with a premium asking price, but it appears that sales have consistently been below asking price, and that the open house (although sometimes busy), contain more people that are “just looking” as opposed to real buyers. Coupled with the new problems in the mortgage industry, which are also now spreading to mortgages sought by professionals seeking to buy brownstones, and a glut of condos/co-ops already are the market and more coming, is Brooklyn finally in for a correction? Has anyone experienced this also, or am I being overly nervous?

    Luckily, I am not in a financial situation (fixed mortgage) where the change in the market will hurt me, but I just don’t want to see my investment bought a year ago drop 20% a year later. Yes, I am in it for the long haul and it will defnitely eventually go up, but no one likes knowing they bougt at th eworst time.