Brokers Weigh in on PLG
In light of yesterday’s post about a Prospect Lefferts Gardens house selling over ask, reader and neighborhood guru Bob Marvin points out that the latest issue of the Lefferts Manor Echo—download via this link—has a roundtable interview with real estate brokers who live in PLG. There’s a bit of disagreement between them about whether townhouse…
In light of yesterday’s post about a Prospect Lefferts Gardens house selling over ask, reader and neighborhood guru Bob Marvin points out that the latest issue of the Lefferts Manor Echo—download via this link—has a roundtable interview with real estate brokers who live in PLG. There’s a bit of disagreement between them about whether townhouse prices have gone down slightly or just flatlined, though general agreement that the average house is selling for $900,000. Some of the quotes:
Barbara Rogers, associate broker at William B. May: “[H]ouses in good shape may be hard to find. I don’t live in the historic district of the Manor. I’m on Lefferts 3, and there are a number of houses for sale on my block and on Sterling Street that are being listed by small, independent brokers. But a lot of those houses are in pretty bad repair.”
Bill Sheppard, associate broker and senior vice president with Brown Harris Stevens: “I’ve been selling here for 20 years, and 20 years ago I’d get a listing for $200,000, and there were those who’d say, ‘Who’s going to pay $200,000 for that? My response was to say, ‘Find a better house somewhere else for $200,000.’ And my response is still the same, only now it’s ‘Find a better house for $1 million.'”
Audrey Edwards, associate broker and vice president at Brown Harris Stevens: “I think you are going to see commercial growth in the neighborhood in five years or less, but you’re probably going to see it first on Rogers.”
Keith Mack, associate broker with the Corcoran Group: “Ten years ago no one thought their homes would ever sell for a million dollars, but they do. You may well see houses here break the $2 million range.”
Lefferts Manor Echo 2011 [Lefferts Manor Association]
Photo by bobmarvin11225.
Your efforts were well worth it, Bob. That’s a very convincing photo. I nearly fell for it myself.
That is a pretty grand stoop as stoops come.
Right DIBS; AND it was shot on a stage set where we erected magnificent townhouse fronts, to stand in for the hovels you’ll really find here. To cover up our deception we brainwash all who cross our borders and I, in my role as PLG Commissar for Agitprop, am the evil genius behind it all! :-)*
*To those who are REALLY literal-minded; YES, that WAS a joke, as, I’m sure, was my friend Dave’s comment.
Oh stop, actors or not the area has a delightful stock of brownstones and other styles that extend deep into Crown Heights, hence why Montrose is always fawning over the buildings there, not that she lives there or anything :). Why everyone thinks the decent housing stock (brownstones) or at least architecturally significant buildings ends in Bed-Stuy is thinking absurd thoughts.
I’m betting those are paid actors.
Indeed dixiecupdrinking, and, while that WAS on my mind when I pressed the shutter release to make the photograph, I can assure you that the shot wasn’t set up in any way 🙂
Wow! Look at that diversity!
Truth be told I miss the days of Everett Ortner’s “schoolteachers’ coup”, of the ’70s, when two teachers could buy an old city house and live “like millionaires” on very little. I couldn’t afford my house if I was a 30 something house hunter now and won’t benefit from it’s appreciation as I don’t plan to ever sell it. However, prices are what they are and will go up {or down, if BHO’s dystopian views are correct] in PLG along with the rest of brownstone Brooklyn. Since I’ve first started posting on Brownstoner [and for many years prior to that] my goal has been to see that PLG is considered no more or less than one many brownstone neighborhoods worthy of consideration–not always easy, as some long term Brownstoner readers might recall.
It’s perfectly understandable how it happened and we ain’t hatin’, but to set the record straight, it was Hakim Edwards and not Audrey Edwards who made the comment about Rogers Ave.
Milford,
Echo Editor