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.
You people are so nasty.
Berading someone for working hard and buying a place.
What’s the big deal…Are you really THAT jealous??
highly doubt it.
haha. kinda funny.
guess being on bronwstoner all day isn’t affecting my work productivity.
i was just called in for my annual salary review about 10 minutes ago.
just got a 5K raise and another week of vacation for a total of 5 weeks.
so make that 65K per year!!!!
1:30…
if you had read the entire thread, you’d see that i bought a studio last year for 250, sold it for 364. (all done fsbo)
So I actually put down over 100K on my new place and have a mortgage and VERY low maintenance of around 1600.
After tax write offs, closer to 1100 a month for a 1 bedroom in prime Park Slope.
No help from elsewhere.
1:30
Even if they aren’t, what’s the point of living so strapped and financially unstable for a place in Park Slope?
They could have moved to a less “established” neighborhood and freed up money to invest in safer means. Spending 60% of after tax income on real estate won’t be so hot with all that negative equity coming…
Well, 1:22, if you make less than 60K and can afford a 400K place, you are paying way more than half your after-tax paycheck on your apartment, and you are most likely getting help from elsewhere. So don’t be so self-righteous, please.
is it just me or are people from park slope obsessed with throwing “dinner parties” at their apartments and inviting their manhattan friends over and somehow trying to recruit their Manhattanite friends into the Park Slope cult?
Or maybe that’s a little too sinister….Perhaps they just don’t like the F train…..
1:08…the problem is partly prices, but the problem is also that a lot of people in nyc are entitled and would NEVER be ok with my 399K 1 bedroom.
They think they deserve to be in a million dollar pad because either they grew up with some money, or have friends on wall street who make the big bucks and think they deserve it too just because they exist.
I went into my line of work because I love it. I always knew I’d never make huge money.
I have way too many friends who make 45-80K a year and think that allows them the moon. They spend money like they are millionaires and are racking up tens of thousands in debt to afford a new ipod every year, $400 shoes and 15 dollar martinis.
That is part of the problem going on here too.
1:07
I stand by my previous statement.