windsor-terrace-01-2008.jpg
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.


What's Your Take? Leave a Comment

Leave a Reply

  1. I would agree with you, 1:58 except that these said 15 dollar martinis and 400 shoes are contributing to trillions and trillions of dollars of mounting debt by Americans, which causes our dollar to drop further and further.

    I have no problem with 15 dollar martinis or 400 shoes in general. I’ve been known to take part in both, in fact. But I do have a problem when they are bought by people making 45K a year and are using credit exclusively for such things.

    It’s not all cut and dry like you imply. It’s all interrelated.

    People have been using their homes like ATM’s over the past 7 years to make purchases.

    Now we’re in big trouble and people like you want to say…who cares…just do whatever the heck you want to do.

    I find it extremely unhealthy for this country.

  2. 1:55

    It’s different to criticize someone for squandering their own money, than to criticize a country/company for squandering other peoples money for their own gain.

    If somebody wants to spend their money on 15 dollar cocktails or 400 dollar shoes, more power to them. Perhaps that is more important to them than a dreary park slope apartment with “historic charm”

  3. What’s wrong with berading someone because of fiscal responsibility?

    It’s the reason the U.S. is going to hell right now.

    Had someone beraded the mortgage companies a long time ago we wouldn’t be in this mess.

    But you are a true American, 1:52. Turn a blind eye and everything will turn up roses, right?

  4. Getting back to the thread…WT is a great location if you want to leave the city by car, certainly easier to get to the Verrazano than from PS. From my experience in Kensington, the subway into the city from WT is usually about 35-40 minutes to midtown, comparable to most parts of PS.

    It reminds me of a lot of Philadelphia neighborhoods, in both good and bad ways. I’d guess that if you bought there now, in 5 or 10 years you’d be really happy you did.

1 5 6 7 8 9 13