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.
“It always used to be that you start small and work your way up. Now people think that you start into the market with a million bucks, or you have nothing. I don’t get it, personally.”
Precisely why prices must collapse to historic income and rent ratio averages. What are we, in a new era? Think about it.
I’ll just wait til I start getting 100k bonuses again and this credit fiasco straightens out….why live frugally?
“well then your UWS apt was probably a piece of crap.
(folds hands and waits for description of both places and how park slope is nicer AND more expensive than UWS)”
***
upper west side place: 1 bedroom on west end and 94th: rent $1795 per month. 450 sf.
park slope apartment: 1 bedroom on berkeley place: 2000 per month. 500 sf.
if you gave me a million dollars, i would not move back to the upper west side.
The friction between residents of Park Slope and Windsor Terrace reminds me of the antipathy between Americans and Canadians.
12:50….I found a really nice pre-war 1 bedroom in the North Slope (for sale by owner) which I just purchased for 399K.
It needs a little cosmetic work, which I’m more than excited to do myself over the next year.
So in a little over one year, I made enough to put down the full 80K downpayment on a 1 bedroom in my preferred neighborhood.
I don’t need a ton of space or a full brownstone…I make around 60K per year and I work hard and save money.
So those out there who say they can’t, they can’t, they can’t…I really don’t get it.
You can. You just don’t want to.
It always used to be that you start small and work your way up. Now people think that you start into the market with a million bucks, or you have nothing. I don’t get it, personally.
“12:36…thanks for that. you the what’s ASSistant?”
Yes sir/madame. And you are the ASShat.
12:57,
well then your UWS apt was probably a piece of crap.
(folds hands and waits for description of both places and how park slope is nicer AND more expensive than UWS)
Park Slope sucks in comparison to the UWS.
i moved from the upper west side to park slope, but i pay more for my place in park slope.
can you tell me what that means, 12:45?