Windsor Terrace: Hot or Not?
An article in the latest issue of the Real Deal looks at Windsor Terrace and sees lukewarm prospects for the neighborhood. Why so? Well, to begin with, one broker says prices in the area are falling. An Elliman broker who recently sold three Windsor Terrace townhouses says prices are down 7.5 percent, and that properties…
An article in the latest issue of the Real Deal looks at Windsor Terrace and sees lukewarm prospects for the neighborhood. Why so? Well, to begin with, one broker says prices in the area are falling. An Elliman broker who recently sold three Windsor Terrace townhouses says prices are down 7.5 percent, and that properties are slow to sell. Other brokers, meanwhile, say a lack of new development in the neighborhood means there’s not enough inventory. And Windsor Terrace home values may fall even more if prices drop in the Slope. My feeling about Windsor Terrace is that as Park Slope goes, the Terrace goes, says Zev Keisch, a broker at Bond New York. If Park Slope shows a slowdown, then people who were compromising by going to Windsor Terrace to be in that area don’t necessarily have to and can look at their first choice, Park Slope, with a greater chance of a successful buy.
Windsor Terrace on Edge [The Real Deal]
Photo by Betty Blade.
why does is always come down to park slope arguements. Cobble Hill is more expensive and pretty much the same thing.
and closer on the F train.
12:36…thanks for that. you the what’s ASSistant?
12:33…
I’m being serious when I say this…
Please name the things that have been said on this thread that Park Slopers have said are better about their neighborhood than other neighborhoods. At least 3 examples (or even one) would be great.
We’re all waiting.
Nothing’s hot except for layoffs, resets, auctions and foreclosures. You’ll see.
I posted at 12:27 and I don’t live in Park Slope. I should have said that! Sorry.
I was comparing WT to other non-Park-Slope neighborhoods. It’s absurd to compare Park Slope with the affordable neighborhoods with houses under $1.5 million. It’s not the same buyer at all.
What a dumb debate–“hotness”–what, are we all Paris Hilton? WT remains one of the last of the old-time “real neighborhoods” with just enough gentrification to freshen up the act (DUB meat pies opposite good ol’ Farrell’s pub–it doesn’t get any more synergistic than that)…but not (yet) enough gentrification to induce full-scale Slope-style neurosis. The heart of the community is a wonderful parish and school (Holy Name) where your kid can get a decent education for $4K a year instead of $20K+ at Berkeley Carroll (and a childhood experience that is much more “Bells of St. Mary’s” than “Squid and the Whale”). And the R.E. values ($1 mill plus for those sweet little portico’d row houses on sidestreets) are now bloated enough to satisfy any snob. If I had a million dollars (sing with me now), it’s the only nabe I’d choose over Flatbush. May hotness never prevail!
Can somebody compile a comprehensive list of places/things Park Slopers have said their neighborhood is better than?
It’s getting up there. If I only read Brownstoner and lived in a hole, I might actually believe Park Slope is the center of western civilization.
Windsor Terrace is nice. I do get baffled by some of the house prices though, when they have even fewer amenities than we do in our neighborhood and worse transportation.
The best deals in WT, IMO are the coops. Nice sizes, prewar layouts. Good deals. But if you want a whole house unless you luck out and get one of the bigger houses in WT, you can do better elsewhere.
“And I pay just as much as a Slope renter, but my space is bigger. ”
I’ll make sense of this for you:
You get what you pay for.
WT is where you go to die.