171greeneA.jpg171greeneB.jpg171greeneC.jpg
The only surprising things about the price cut this weekend at 171 Greene Avenue in Clinton Hill are that it took this long and the reduction was only 5 percent-ish. When we first discussed this floor-thru condo between Washington and St. James in Clinton Hill last August, we couldn’t believe that they were asking about $1,000 a foot. Now, nine months later, they’ve lowered the prices: Apartment 2 has gone from $745,000 to $707,750 and Apartment 1 is down to $736,000 from $775,000. We think that Apartment 2 is still a stretch but that there might be some interesting in the larger, ground-floor unit with a (rather small) yard. We’ll see. We did get a chuckle out of the fact that the listing uses a drawing of the facade rather than a photo of the real thing. (We’ve included one from our own collection.) Why do some people wait so long to bring down a price that was so obviously delusional from the start? Think of the carrying costs.
171 Greene Avenue, Apt. 1 [Prudential Douglas Elliman] GMAP P*Shark
171 Greene Avenue, Apt. 2 [Prudential Douglas Elliman]
Condo of the Day: Another Greene Ave Joke [Brownstoner]


What's Your Take? Leave a Comment

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  1. With all due respect to your friend’s mother, I think anything bought in 1992 has increased in value, many many times over. In other words, everyone who bought back then was a prophet.

  2. The funny thing about these condos is that when i was 15 years old in 1992 my friends mother bought one of those houses for about 225K, at the time they were affordable housing. I overheard her mother telling someone that these houses will be worth something one day and i laugh. She might have been a prophet!!

  3. ok 3:58, so why would you just assume it’s a vacuum cleaner, b/c there is a black person pushing it? are all black people maids and janitors? oh, and now the house is “purple”? what’s next, you’re going to say it looks like an eggplant? unbelievable.

  4. 3:58 said:

    Is that true 4:04? I moved to Brooklyn from Manhattan exactly 2 months ago today and didn’t realize I was supposed to bring the attitude with me. I’ll have to quit the attempts at humor to fit in. 🙂

    But in truth, I’ve found the people here very nice and haven’t looked back at all. I♥BK

  5. Here, here 3:25. And why are people so ignorant as to assume it’s a stroller in the first place? Perhaps it’s simply a Hoover with a child-shaped external vacuum bag that is being used to clean up the Broken Glass. Regarding the house colors; I agree. Who wants to live in a place that looks like a rectangular Barney with windows?

  6. How can you all be so ignorant as to assume that the picture depicts a woman pushing a stroller. That’s so backwards and gender/role bashing. There are plenty of men who push strollers and have that body shape and wear short pants. Also, how can you imply that it’s a child in the stroller. Bigots. That could just as easily be a little dog. You people need to wake up and recognize that Brooklyn has little dogs that people push around in carts. And sometimes those little dogs eat birthday cake and wear outfits. This is 2007 in Brooklyn. Not 1952 in Arkansas.

    Also- This house is overpriced. And it’s almost purple. That’s the worst part- purple house with green windows. Oh man.

  7. the building was sold to its current owner for a little more than $1.4M. after a competent but uninspiring 14 month rennovation they were put on the market for more than $2.5M combined. i had thought that buying it for $1.4M was insane.

    after a first round of unsuccessful open houses last fall they seem to be back showing them on the weekends. i know they’re more low-key about it this time around because last fall the condos were broken into and the fridges were stolen. the broken ice-maker water lines caused flooding and they had to fix wallboard/paint etc…

    ironically, the times had an article about theives scoping out open houses a week or two later.

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