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.
2:25
Your choice in speakeasies, blogs and ability to engage in a civil discussion are commendable.
Cheers!
2:12
I bought a nice condo here one year and have been so happy. My property increased in value and the nabe feels very warm; people are nice and laid back. I like it here and if prices are dipping, I’m staying; if the are rising; i’m also staying.
This housing mess will end, when people will start lookign at their homes as homes; and not hedge funds or some short term play to make a quick buck. Elora’s is abosutely delish as is Fez, the nice Morrocan spot.
duh!
2:12…I totally agree with you also.
And the reason I bought was because yes…I do want to be in NYC for the long haul. I’ve been here for 8 years now and have no interest in leaving…I love Park Slope, Brooklyn and all of NYC. I do sometimes think about moving to Europe for a brief stint, but I’ll always want to keep a place in NYC (luckily our co-op has relaxed rental rules).
I get that some people don’t want to be burdened by real estate, but I’m definitely the type that wanted to own. I’m guessing I might be a little older than you also (31).
LOVE milk and honey!
But I’m more of a Jack and coke kinda guy.
“The friction between residents of Park Slope and Windsor Terrace reminds me of the antipathy between Americans and Canadians.”
Windsor Terrace is Canada in your comparison, right?
Touche 2:03
I agree with you 100% but if its spend vs save then i assume those shoes and cash are not being purchased with home equity or credit cards.
Some people, like myself, are young and don’t want to get bogged down with real estate. What if I want to move to Europe? Hell even move to Ohio and help offset all the people moving to the upper east side from there?
there are other financial instruments that can provide for a safer return than a 400K 1 bd in PS (for the moment) if you want to be in NYC for the long term, that’s fine.
Oh and I still have some left over to get a few 15 dollar gin gin mules at Milk and Honey here and there.
Windsor Terrace and Park Slope are sister communities.
They compliment one another, in my opinion.
So, back to Windsor Terrace and it’s relationship to neighboring Park Slope. No matter what “experts” say, it’s clear that both neighborhoods will remain very much in demand. If prices decline by any amount, it’s only because they went up so quickly and by so much–as in most of NYC. It’s nothing to worry about.
Oh thanks, 2:04!
Learn something new everyday!