$1,000 PSF on Below Fourth Ave? Gimme a Break
Our first reaction to this listing was that it had to be a joke. But on closer inspection, it appears to be a legitimate, albeit delusional, attempt to push the bubble to its outer limits. In fact, this one might burst it. Over $1,000 a square foot for an average-looking, new-construction condo on Seventh Street…
Our first reaction to this listing was that it had to be a joke. But on closer inspection, it appears to be a legitimate, albeit delusional, attempt to push the bubble to its outer limits. In fact, this one might burst it. Over $1,000 a square foot for an average-looking, new-construction condo on Seventh Street below Fourth, yes Fourth, Avenue? We don’t know what else to say. We’re stunned.
7th Street [Corcoran]
Guess we’re a little slow this morning…Nice one!
Thanks Linus for getting the point – the scariest think about the dot com bubble was that people couldn’t see through the satire…does anyone remember when someone filed a shelf registration with the SEC for a company whose stated business purpose was “we have no stated business purpose except to participate in internet related business activities” and it was taken seriously…
Maybe the scariest comment about the housing market is that people are willing to believe “barbara” is serious. (I think “Baby Brownstone Gap” was the tipoff.) Apparently the market is so insane at this point that it’s impossible to satirize.
thank god for brownstoner this morning and linusvp, you are funny today! yes, is that barbara corcoran or are you making a point?
Are these “barbara” comments for real? This price is beyond insane. Under this view, “Tire Shop Heaven” is worth about as much as prewar apartments just off Central Park West. I think someone took one too many hits off the hooka pricing these places and is now doing the same before posting the “barbara” posts?
Also, for all I know you are Barbara Corcoran, but isn’t the Whole Foods going in 3rd Ave and 3rd Street (not exactly next door) and not until 2007.
And like Linus, I just apparently made $1 million on the place I bought 11 months ago.
Framehouser
We are currently in negotiations with the auto supply store to sell that property to Whole Foods…can you please provide me the square footage of your brownstone between 4th and 5th as we are also in discussions with the Gap to open a series of “Baby Brownstone Gap” stores…both of these trends, we are convinced, highlight the value exhibited by this beautiful condo project…thanks Barbara
Not to mention, it’s just minutes away from the future “new Ground Zero” at the Atlantic Yards. Also, Brownstoner, you neglect to mention that this property has a commanding view of the razor-wired roof of the auto-supply store across the street. That alone kicks the price up $200/s.f.
Anyway, I’ll leave you all to your squabbling. Since this valuation indicates that my house between 4th and 5th Avenues is worth approximately $3 million, I will soon be selling and retiring to a private island off the coast of Belize. See you later, suckers!
If we’re going to pay $1,000 a foot (which we can’t afford to do anyway), we’d rather spend it for an historic brownstone three blocks up the hill. Besides, if the market gets a little choppy, which do you think will hold its value better?
Is this the place with the big Corcoran banner? Passed by yesterday. Couldn’t believe it.