24 Willow Place Sells Mighty Close to Ask
When 24 Willow Place hit the market back in the early autumn and was a House of the Day, everyone (us included) was skeptical about the chances of achieving the asking price of $2,200,000. Well, it looks like the naysayers were wrong. We just got word that the single-family pad went into contract within the…
When 24 Willow Place hit the market back in the early autumn and was a House of the Day, everyone (us included) was skeptical about the chances of achieving the asking price of $2,200,000. Well, it looks like the naysayers were wrong. We just got word that the single-family pad went into contract within the first month and closed last week for $2,125,000. Not too shabby!
House of the Day: 24 Willow Place [Brownstoner] GMAP
30’s Depression redux, Brokedeveloper. Nat Lite will be prohibited and bootlegged 500%!
***Bid half off peak comps***
B e e r
H a l f
O f f
I’d go along with BHO:
Short term, financial actions have been highly inflationary (low interest rates, no tax increase, etc).
Longer term, we’ll have
– higher taxes
– higher rates
– higher pension expenses
– increasing regulation
– health care fiasco
The fundamentals still aren’t there for this building or any other one in brooklyn heights — price / rent and price/income ratios don’t make sense, which points to slower appreciation.
BHO, will deflation bring back $29.99 kegs of Natty Lite?
Near ask (usually erred on the side of less as in this case) must be rather rare for this to deserve it’s own thread. Pop! Fizzzzz…
“When I first started reading a few years ago, Brownstoner’s voice seemeed closer to a neutral voice in the bull vs. bear debate”
Double bubble, double dip. Lopsided to the bulls during the original, nobody-turned-down run-up. Neutral during the bail-outs, sanctioned accounting fraud, financed GDP and FHA abuse. Now lopsided, once again, towards the bulls because of the nominal effect of QE2 (currency dillution). But nothing was fixed. The losses are still out there on the banks’ OTHER books and have not yet been written off. Stagflation collapses profit margins, more businesses go bankrupt, stock markets collapse again and employment rises again. Only a matter of time before we continue where we left off during the March ’08 lows and lopside to bear country. Brownstone Brooklyn and the world economy will get much worse before they get better. But we’re getting there: Case-Shiller dead cat is now descending from it’s bounce. Boing, splat!
Many will fall for the double dip bamboozle. Will it be you?
***Bid half off peak comps***
well, don’t the tips for these items come from brokers? “we just got word”…
Brokedeveloper, I love “Kensington Natty Lite.” I wish I would have thought of it! BTW, recall that a keg of Natty Lite was $29.99 as a undergrad, which was several (ahem) years ago. Such a deal!
“everyone (us included) was skeptical about the chances of achieving the asking price of $2,200,000”
“Well, it looks like the naysayers were wrong.”
All I saw were a few posts from people who said they would rather have a condo in OBBP at that price and one person who thought others went for around $1.8m. Others just said they didn’t like the place and didn’t mention price.
The angry hoard of naysayers just aren’t there. Kensington Natty Lite is right, Brownstoner does sound more like a real estate cheerleader every day.
Me neither. They’ve been racking up some big sales close to asking.