Corco Cutting Prices East of Classon
It can be hard to spot a trend in the real estate market until after the fact, but we couldn’t help but notice when we were perusing Natefind yesterday that Corcoran had cut prices on six of its townhouse listings in Bed Stuy and Crown Heights within the past week. (The biggest cut, both in…
It can be hard to spot a trend in the real estate market until after the fact, but we couldn’t help but notice when we were perusing Natefind yesterday that Corcoran had cut prices on six of its townhouse listings in Bed Stuy and Crown Heights within the past week. (The biggest cut, both in absolute and percentage terms, was at 36 Monroe Street.) Is this a coincidence, do you think, or could there have been some word from on high that drove these cuts? Taken as a whole, do the cuts signify anything about the market in those neighborhoods or is this bad news balanced out by bidding wars at places like 100 Decatur?
56 Monroe Street [Corcoran] GMAP
36 Monroe Street [Corcoran] GMAP
470 MacDonough Street [Corcoran] GMAP
1300 Carroll Street [Corcoran] GMAP
1416 Sterling Place [Corcoran] GMAP
610 Eastern Parkway [Corcoran] GMAP
Don’t blame Corcoran it is up to the non-thinking individuals that believe the hype of those lofty prices and the sales pitch that are to be blamed. Corcoran can’t make you do anything, people are basically greedy and Corcoran is aware of that so they lock them in for six months and get the same price – probably from the same small broker – they would have gotten to begin with.
Corcoran is indeed a scourge in the CHN district with it’s inflated pricing and empty promises to sellers. That said, as a resident of St. Marks Ave., I will tell you unequivocally that the Franklin Ave. corridor between Eastern Parkway and Fulton St. is the next frontier. If you can find something in the 700-800K range (as far east as Nostrand Ave), jump on it-you’ll be sitting pretty in 3 years time…
Corcoran is indeed a scourge in the CHN district with it’s inflated pricing and empty promises to sellers. That said, as a resident of St. Marks Ave., I will tell you unequivocally that the Franklin Ave. corridor between Eastern Parkway and Fulton St. is the next frontier. If you can find something in the 700-800K range (as far east as Nostrand Ave), jump on it-you’ll be sitting pretty in 3 years time…
Sounds like a good deal since houses not far from there already sell for over a million.
I am looking at two family homes in Bed Stuy near the A train at Utica and they all seem to be priced right around $750-$800K. Is it crazy to pay that much for something that needs work? I think the neighborhood is beautiful and even though I am a Manhattan native, I would live there in a heartbeat. 20 minutes to 14th street aint bad! Thanks for the feedback!
5:50
LOL,you are so right. That poster calling the neighborhood “trash” after admitting to spending the entire last two years there is like that old guy in the movie Porky’s who holds up a porno film reel and says; “…I watched every disgusting, sordid frame of this film….twice….” Priceless.
No Dumb ass, that just makes you confused.
Hey, I say “nabe” and “hood” so I guess that makes me a dumb ass too.
Escape Brooklyn:
“Although they have a nice backyard, their apartment and the neighborhood are *trash*.”
Considering the fact that you spent almost every weekend in Bed-Stuy, that’s not saying much for Ditmas Park or your own apartment.