712 Degraw Sells for $1,150,000
sold Six months and one price cut after it hit the market, the three-story house at 712 Degraw Street in the Lower Slope closed for $1,150,000. The listing said that the interior was in “great shape” and had “lots of detail,” in which case it sounds like a decent deal. Most interesting of all, the…
sold
Six months and one price cut after it hit the market, the three-story house at 712 Degraw Street in the Lower Slope closed for $1,150,000. The listing said that the interior was in “great shape” and had “lots of detail,” in which case it sounds like a decent deal. Most interesting of all, the deal was struck “post-Lehman,” on November 6, 2008 to be exact.
House of the Day: 712 Degraw Street [Brownstoner] GMAP P*Shark
712 Degraw Street Listing [Leslie J. Garfield]
Talk about a childish response. You are a jackass shill. Look at the sales.
“Not to upset the Bears but Brooklyn condos and coops continue to sell. I personaly closed 2 purchase deals last week that went to contract post Lehman. One 1 condo and 1 coop. First time home buyers of below 500k units.
Eh Adam there is one thing you forgot to mention. FHA is pouring money into the housing market. That deal was at 97% LTV. You can close this crap all day long!
But Dumbass what about JUMBO’s???!!! Where you need to put down 25%???!! That’s most of Brownstoner Brooklyn you Dumbassed moron!!!
” I think that they will be pretty happy 5 years from now when inflation kicks in and interest rates shoot to 8%-9%.”
Yeah real happy when that Condo is worth 50% of what they paid for it. Remember higher interest rate lower house price..
The What
Someday this war is gonna end…
Dibs, Where is your evidence that it isn’t?
Is the market really “collapsing” shill. Where’s your evidence please.
Childish, yes.
Also Joist, we’re lucky to have cash reserves and actually are seeking to minimize our mortgage so higher rates won’t affect us as much. But from what brokers are telling me (and they are courting us now), buyers with cash are an increasing rarity, and one must factor in opportunity costs for how that cash is spent (i.e. will I squander an additional few 100K now by buying now or bide my time and have that extra cash as a financial cushion/smaller mortgage)?
dibs, you are such a child, it is pathetic.
Collapsing, not collapsed yet.
Team Bull = boiled frogs.
Miss Muffet and all;
Gotta go – I’m painting today. I’m sure we’ll pick this up again. Jasetheace: I cannot say why they went slightly over the $1M line, considering the tax ramifications. I wasn’t privy to the negotiations between the parties.
Mr. Joist, how are you getting that this house costs 3K to live in per month? As a prospective buyer, purchase price DOES matter. I work my ass off to help support my family and high asking prices translate into more pressure to earn more income = less time with my kids. Purchase price *impacts* monthly cost of ownership since, obviously, it impacts the size of your mortgage and your monthly mortgage payments. Hell yes, I’m going to wait as I see the prices come down.