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]
Again Miss Muffet…there are tens of thousands of condo owners that still have huge profits, HUGE. There are not tens of thousands of brownstones for sale, not even throughout the year!!!!!
Sometimes things are simple, Location, low supply. SOLD.
And live rent free in your later years!!!!
Benson – what facts did I get wrong? I simply stated that the buyer of this house used proceeds from his condo sale to buy the house, and that condo prices are declining. All true.
“Squaredrive – no, I haven’t seen this particular house, but I’ve seen plenty of others, including some still on market suffering price cuts now, unable to sell. ”
I keep forgetting this is the “all-spin, no facts zone”.
Why would you cite the sale price of a house you’ve never seen as evidence of market trend down? No answer necessary, it’s just typical of the bullshit thrown around on both sides.
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. They got rates below 5% on 30 yr fixed loans. I think that they will be pretty happy 5 years from now when inflation kicks in and interest rates shoot to 8%-9%.
That brownstone half off is going to cost you double in interest payments.
That’s how I see it, in the mean time my rent isn’t going up, I’m no longer getting kicked out of my rent stable place, I can decorate and personalize my place as well as pay down my loan.
Different strokes for different folks.
That’s pretty expensive for what looks like an ugly house on an ugly block.
Every day cornerbodega. The condo market there differs from the townhouse market as well. Should be pretty obvious unless you’ve had too many bricks to the head already.
11217, “birds of a feather…”
But at the end of the day that block is ASS.