Strong Showing for 49 Rutland Road
Take that, market bears! Remember 49 Rutland Road?
Take that, market bears! Remember 49 Rutland Road? The four-story brick and limestone house hit the market last November with an asking price of $1,450,000. It popped up recently as being in contract on Brown Harris Stevens. The contract price, we hear, is $1,425,000. It took a few months, but that sounds like a pretty strong vote of confidence in the townhouse market to us. Or at least for PLG!
HOTD: 49 Rutland Road [Brownstoner] GMAP P*Shark
49 Rutland Road [Brown Harris Stevens]
This is excellent news for the neighborhood. Excellent news for Brooklyn. And excellent news for the overall health of the Brooklyn real estate market.
Let’s see. I stated available information. The metrics I used is assumption. Now if some one has to sell their properly before they buy this one, can they afford it? I used the bare essentials in coming up with these figures.
I love how everyone jumps on me! It makes me feel good that I getting under your skin without cursing!
“You’ve hardly got much of a case to rest–obviously people who can afford this amount DO find LM/PLG attractive (not that I could afford that amount, but then I’m a beneficiary of Everet Ortner’s “schoolteachers’ coup” like many others who bought in the ’60s and ’70s)”
Uh Bob, I hope you are no counting on your “investment” for retirement.
“Enough with the What. Let’s not let him distract us. Though everybody is right The What always assumes everybody only has 20% down payment in his little calculations he’s always so proud to share with us. Guess that’s all people can offer in cash in Lodi NJ where he lives. There sure aren’t any 2 BR starter apartments offering 6-figure profits there, to help a buyer trade up.”
YOU SEE!!! This is why I go off. Save your juvenile crap for the kiddies in the park! I ran the figures, how do you know they CAN afford it.
The What (OM… OM…. OM…..)
Someday this war is gonna end….
It’s a nice big house with good layout that’s both open and modern yet original to the house, with unique details. But it had some issues and most of all they sold so close to asking because of the good representation, persistence, hard work and marketing from the broker. (I’m not her nor work with her). She did an awesome job. Congrats to both the sellers and the buyers and welcome to the neighborhood!
New Jersey is suffering its most severe housing collapse as we speak right now. Prices have fallen 15-20% and are expected to continue their decline into 2009. Prices will not hit 2005 levels again until approximately 2030.
That combined with oil prices expected to reach $7 a gallon within 3 years and you can kinda see why the What has decided to troll Brownstoner.
Oh and did I mention that NJ is in effect bankrupt? You might get a deal on a house but be prepared to shell out 20K a year for taxes, which are only goin up.
Enough with the What. Let’s not let him distract us. Though everybody is right The What always assumes everybody only has 20% down payment in his little calculations he’s always so proud to share with us. Guess that’s all people can offer in cash in Lodi NJ where he lives. There sure aren’t any 2 BR starter apartments offering 6-figure profits there, to help a buyer trade up.
“is this a 2 Family?”
Of course not, “What”; it’s in Lefferts Manor and residents and buyers find that to be a prime attraction.
You’ve hardly got much of a case to rest–obviously people who can afford this amount DO find LM/PLG attractive (not that I could afford that amount, but then I’m a beneficiary of Everet Ortner’s “schoolteachers’ coup” like many others who bought in the ’60s and ’70s)
Congratulations on continuing to leave out vulgarity.
They could have put more % down asshats.
NO ONE buying a 1.425 million property is not SELLING another property.
Which you have CONVENIENTLY left off your calculations, the What.
They could have put more % dow asshats.