404 Stuyvesant Avenue: Missed Opportunity, Happy Ending
18 months and almost $400,000. That’s what the former owner of 404 Stuyvesant Avenue lost by not striking when the iron (or the market) was hot. As long-time readers may recall, the owner allegedly turned down at least one offer in the neighborhood of $1,500,000 in favor of a no-reserve auction. According to one commenter…
18 months and almost $400,000. That’s what the former owner of 404 Stuyvesant Avenue lost by not striking when the iron (or the market) was hot. As long-time readers may recall, the owner allegedly turned down at least one offer in the neighborhood of $1,500,000 in favor of a no-reserve auction. According to one commenter who attended the auction back in October 2006, the bids topped out at only $1,200,000. In retrospect, the owner should have taken that price…We got a tip last week that the house had finally been sold for $1,115,000. Since we needed a new photo of the building anyway, we drove by this weekend. As we were snapping a photo, two heads popped out of a second story window and shouted, “Hey, it must be the Brownstoner guy.” Busted. Anyway, it’s a happy ending for the beautiful, historic house. The nice couple who had just bought it came down to say hi and were clearly over the moon about their new purchase. Good luck to them!
Update: As a commenter points out, 408 Stuyvesant is now in contract.
HOTD: 404 and 408 Stuyvesant Avenue [Brownstoner] GMAP
Paddle Time: 404 Stuyvesant to Hit Auction Block [Brownstoner]
So people can still buy houses huh …
If you red the post you would be so discouraged.
Good luck to the couple you won’t regret it
nice block and nice house…..
Its so funny that people like to calculate someone’s mortgage without knowing how much they put down or if they are financing at all. Remember, not everyone is as broke as you are. Most people who spend over 1 Million either sold another asset or have great income. STUPID!
Welcome to the neighborhood!!! Looking forward to meeting you.
3:35 here.
Brooklynnative, here’s the Corcoran link to 408. Its loading slowly for some reason.
http://tinyurl.com/4dda26
3:35
If 408 went into contract, whey didn’t Corcoran put that up on their website instead of removing the listing. Don’t they like to show off their sales?
A new episode of “Future Foreclosures”
We tune in to the new Assfu… Homedebters and see what they are doing?
Honey I think I got assraped at the closing! My sphincter hurts real bad! I think I have to go to the emergency room!
Dear please take this ointment you will feel better.
OOOHHHHH AWWW What the fuck was that.
Honey that is our first mortgage payment.
How long it last, baby
For 30 years.
The What (1.1 million for Bed-Stuy?)
Someday this war is gonna end…
408 went into contract about a week after Brownstoner posted an update on these homes last time (coincidence?).
I wonder if the buyer over paid since Corcoran had it listed at $1,550,000, which was higher than 404 was asking when it went into contract. Of course because it was Corcoran, that high price was despite the fact that 404 is 1000 square feet bigger than 408, doesn’t have a rent controlled tenant like 408, and isn’t chopped up like 408.
I hope they got a real bargain, like under a million, or someone is going to pretty embarrassed in a few months.
The deed says $1,115,000.
1.03 – they don’t have beautiful limestone houses where you live.