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
i was just in argentina.
they most certainly still work on the peso system.
you can buy a 1 bedroom in the best part of town for 100K.
the city is amazing, if you’ve never been. more vibrant i’d say than new york, even.
Pretty good intelligence that this house went into contract at slightly above $3mm. Also heard, from a less reliable source, that the house is actually being acquired by two families that will share the space – you may recall that the house is currently configured as two duplexes and one floor through apt. It did go into contract in September in the midst of the credit crisis, however, the public perception of the credit crisis especially outside of real estate and finance circles in NYC had yet to really set in. I think there is a much greater sense of fear and risk in the marketplace now than there was when this deal was signed. I am not saying that someone wouldn’t step up to pay $3mm for this house today, but it might be a tougher sell. Yet again, there aren’t many brownstones of this calibur and on a great block, so maybe there will always be a strong bid for these types of houses.
1:33–you’re taking things quite personally, and making assumptions about me. What’s your problem? POPULAR PERCEPTION of the market and the economy is what generally informs sellers’ prices and buyers’ willingness or ability to pay a certain dollar amount, right? While there were rumblings and warning signs before, the shit had not hit the fan in popular perception until more recently. August and October-November were VERY different time periods. Even brokers will cop to that. Get a life.
I think they prefer Euros in Argentina.
whats your point? 1:30?
take your 2 million dollars and buy 25 homes in Argentina.
everything is relative.
it hasn’t been a month, 1:25.
maybe in your tiny circle in manhattan it has been a month, but most AMERICANS have been feeling this since AUGUST.
look outside yourself for 2 seconds, if you are able.
If we stop and think about it our dollar is REALLY WEAK. a 2 million dollar house to us is a little under 1 million Pounds or 1.5 million euro dollars… The only people that can really make out well are Europeans and Asians. What happend to this county???
POPULAR PERCEPTION, that’s what I’m talking about. In August and September, there was no collective angst or panic, as there is now and has been for the past month or so.
you want a butchers in the neighborhood, not a butcher!