30 So. Portland In Contract 'Significantly Over' Asking
The headline says it all. According to a broker familiar with the situation, 30 South Portland Avenue, a four-story brownstone on Fort Greene’s most desired block, is in contract for “significantly over” the asking price of $2,600,000. Another data point suggesting that there’s still strong demand for quality properties in areas like Fort Greene and…
The headline says it all. According to a broker familiar with the situation, 30 South Portland Avenue, a four-story brownstone on Fort Greene’s most desired block, is in contract for “significantly over” the asking price of $2,600,000. Another data point suggesting that there’s still strong demand for quality properties in areas like Fort Greene and Park Slope where there’s little perceived risk of the neighborhood going downhill? Maybe. Of course, the fact that 224 Washington Avenue was just just reduced by another $110,000 to $1,685,000 flies in the face of that theory. That one’s looking cheap now, don’t you think?
House of the Day: 30 South Portland Avenue [Brownstoner] GMAP P*Shark
1:59 here, let me correct myself. It’s not just moneyed people in Buenos Aires that are targeted, and that’s the sad thing. One of the most recent incidents was a senior citizen, a pensioner, who was knocked over and killed by two motorcycle bandits, all for a small sum of money he had just withdrawn from an ATM. And before that a newspaper stand owner was kidnapped and held for a ransom of about $US400. And then there are all the other more high profile kidnappings. I love Buenos Aires, it’s my home, but the situation is dire for many people, cheap apartments for foreigners and all.
i call bull shit on 1:49 and 2:09.
Personally,
I don’t want to live in a place where Nazi’s fled. Keep you 100G one bedrooms.
“pretty soon folks will need to dip into their retirement accounts to pay for heating fuel.”
umm…i believe the survey taken by brownstoner said something like 87% of people who read this site make over 100K and tons own brownstones.
you really think they can’t afford their heat bill? wake up. we are talking about a 3 million dollar home here.
i’m not saying there aren’t people in brooklyn who are poor and that there aren’t a ton of people who are scrimping on next to nothing, but they aren’t reading your post right now.
1:49 is spot on.
Also, I too heard the price was just over $3 million. They really wanted to break that mark to keep up with 344 Carlton and that renovated Washington Park house that had both passed the $3mm number.
I think real estate brokers are on edge. I don’t know how they can even sleep at night.
The economy looks so ominous and the fall of the American dollar is unprecedented. Insurance companies are not renewing residential policies in Brooklyn and pretty soon folks will need to dip into their retirement accounts to pay for heating fuel.
A rent-regulated apartment is looking better and better all the time.
Argentine financial experts are counseling people to save in Euros, have been for some time.
Buenos Aires apartments are getting more and more expensive because of the foreigners coming in and buying. Also, there is lots of crime and insecurity in Buenos Aires, so your 100K purchase comes with a trade-off. Foreigners are targeted along with moneyed locals.
I am from Argentina.
400K OVER ASKING???
Can I ask why?
1:44, if by “POPULAR PERCEPTION”, you mean people who bury their heads in the sands for 3 months at a time, then you are correct. If you mean the Street, or borrowers in general, you’re living in la-la land. American Home Mortgage stopped funding loans – to borrowers – on August 2 (and declared bankruptcy a few days later) – this happened literally at thousands of closing tables across the country (many other lenders followed suit).