Atlantic Yards No Selling Point for Nearby Sites?
A building smack at the crossroads of Park Slope and the planned Nets arena is on the market for $13 million. The property, on Flatbush between Fifth Avenue and Pacific Street, is across the street from the recently vanquished
A building smack at the crossroads of Park Slope and the planned Nets arena is on the market for $13 million. The property, on Flatbush between Fifth Avenue and Pacific Street, is across the street from the recently vanquished JRG Fashion Cafe and currently houses a furniture store as well as a few other retail spaces. Right now a developer can build up to 40,000 square feet on the footprint but, per the sales listing, there is excellent potential for partial block up-zoning to create a residential midrise or high-rise. Interestingly, the listing only includes a passing mention of the fact that the site is right across the street from the proposed Forest City Ratner Project spanning a large area around and over the Rail Yards. Perhaps brokers are shying away from using AY’s ginormous mish-mash of out-of-scale towers, constant construction and blaring traffic as selling points?
Flatbush Avenue Listing [Corcoran] GMAP
Just think about our existing sport venues. Are they located in areas you’d want to live?
That wasn’t the point.
The point was whether we are better off now than we were three years ago.
Nearly every person who bought a home, would probably answer yes to that question, if we are talking strictly financially better….
Well…..actually alot of the gain was probably simple inflation and in reality it wasn’t really a ‘useable’ profit.
The point I think 5:04 was trying to make is that if your apartment appreciates by 35% BUT you are moving to a similar area that also had a 35% price appreciation you really didnt “profit” at all.
Now lets ignore closing costs, etc – essentially the apartment had a 35% price increase.
Certainly the ‘market’ didnt increase by 35% anywhere in NYC during any 6mo period – BUT it did appreciate and so what you have to look at to determine real profit – is what did an apartment comparabable to the one you moved into cost 6mo before.
“During times of universal deceit, telling the truth becomes a revolutionary act.” – George Orwell
:OMG. it’s official.
5:04 is the most idiotic post ever!!!!
inflation of 89 thousand dollars in 6 months???
what in god’s name are you talking about?
lie down that crack pipe man.
everyone on here knows you’re a sicko posting those stupid quotes on every thread.
No Dumbass learn to read and understand.
The What
OMG. it’s official.
5:04 is the most idiotic post ever!!!!
inflation of 89 thousand dollars in 6 months???
what in god’s name are you talking about?
lie down that crack pipe man.
everyone on here knows you’re a sicko posting those stupid quotes on every thread.
New Quote ” Go fuck yourself”
The What
“I am by far better off today than 3 years ago.
Bought a studio last year for 250k and six months later sold to move in with the girlfriend. Got 339K. Yup. 6 months profit of 89K. Sold FSBO.
Keep renting, 3:48.
You seem too stupid to buy, much less post comments that even make sense.”
Yo Homeskillet, That’s price inflation not appreciation dumass. Look at the price of goods when you brought your studio. The Fed pumped dollars into our system and created this mess.
Plus if was such a great this why you sold it??! You couldn’t wait for the next sucker to pawn off your shit to. Look at rent to buy ratios and tell me you studio is a great but to the person you sold it to.
“Please 3:48. Comparing Southern California real estate to the market in NYC is just asinine. Laughable.
Someday this war’s gonna end. That’d be just fine with the boys on the boat. They weren’t looking for anything more than a way home. Trouble is, I’d been back there, and I knew that it just didn’t exist anymore.
Captain Benjamin L. Willard – Apocalypse Now
Yo Homeslice , Did you read it??!! The asshats think that New York is different. The is a financial storm coming that will effect us for a long time.
3 million dollar brownstones,700 k condos give me a fucking break.
How about 100 oil and 1000 gold and a falling dollar. The money in your pocket is losing value every day you brainwashed fuck.
I am by far better off today than 3 years ago.
Bought a studio last year for 250k and six months later sold to move in with the girlfriend. Got 339K. Yup. 6 months profit of 89K. Sold FSBO.
Keep renting, 3:48.
You seem too stupid to buy, much less post comments that even make sense.
Please 3:48. Comparing Southern California real estate to the market in NYC is just asinine. Laughable.