A Pair of ProHi Price Cuts
After last week’s carnage, you’d think there would be price reductions left and right, but it appears that more of a wait-and-see bunker mentality set in in the short run. Corcoran did take out the axe, though, on two of its townhouse listings in Prospect Heights. The four-story house at 368 Park Place (left), which…
After last week’s carnage, you’d think there would be price reductions left and right, but it appears that more of a wait-and-see bunker mentality set in in the short run. Corcoran did take out the axe, though, on two of its townhouse listings in Prospect Heights. The four-story house at 368 Park Place (left), which started out at $1,850,000 in April and had already been trimmed three times, got another $75,000 nudge down to $1,525,000. The professional-looking makeover at 210 Prospect Place (right) had its first cut since coming on the market in July at $2,495,000; it’s now testing the waters at $2,250,000.
368 Park Place [Corcoran] GMAP P*Shark
210 Prospect Place [Corcoran] GMAP P*Shark
House of the Day: 210 Prospect Place [Brownstoner]
i disagree: also if you read my first post, i actually commend the houses listed here for getting realistic and am not speaking about any particular house – just your average 1200-1500 sf space that ranged from 1 – 1.7 mm.
i disagree: i am so sorry i offended you. i hope i didn’t hurt your feelings too.
If only my neighborhood at least had a chance of ever being hip I could assign it an acronym. Hmmm, it IS between Boerum Hill and DUMBO. How about BoerDum? Seems a propos.
wow, more comments by those who constantly drone that most sellers featured here are greedy idiots with no strategy and no knowledge of history. so original and refreshing! consider this my daily retort that those who take that position and are themselves looking to buy are probably soulless, vindictive and greedy bottom-feeders. is either likely true or particularly interesting? no, but i’m irritated enough to create equal time for the counterpoint.
ks8000 – of course their weakness could be greed. but it could also be a lot of other things. commenting as to a seller’s motivation, particularly when a post is attached to real houses with real owners, is almost always distasteful. it may be more relevant if it’s based on fact rather than idle speculation, but even then it just comes off as unnecessary and shrill.
Roger that, ks8000 (to quote Fjorder in another thread).
And ownhs, I can’t believe I was THAT correct. The same owner?
So it WAS the same dog. Not some lame staging gimmick. My sarcasm is officially knocked down a notch.
off topic.
THL – thanks for the site about mein fuhrer furr balls. It made my day.
I’d love to see your computer’s explorer bar history……websites of tacky houses and cats of all shapes and sizes.
What else is there to really look at on line.
ProHi – is lame. I hate all these abbreviations and acronyms. In 10 years when my neighborhood is hip, it’ll be BaRid.
Dear Mr. Brownstoner:
Please never say “ProHi” again.
Thank you.
Nokilissa: to clarify, I agree that setting the price high to see what you can get is NOT greedy. At the end of the day, a property is worth what one will pay for it. So – you have to test that. So I didn’t mean to imply that setting a high price is greedy. But leaving a price at a high price, for several weeks and months with no offers, can leave a seller in a tough spot if they really need to move. Their weakness in this situation could be greed.
I agree too Nokilissa. Funny how nobody is saying that everyone invested in the stock market was just being too greedy when they expected to keep a higher return on those investments.
I saw the prospect pl listing at one of the 1st showings and the broker said the owner was the owner of the Dean st listing. This was an investment property. That was their home.
ks8000, many on the market for a house have just as much as they did before last week because anyone intending to spend that much should have moved the downpayment/buildout money out of the market and into short term investments upon making that decision. The issue is that it is much more difficult to get credit than it was 6 months ago so there is less competition among worthy buyers.
The Park pl broker was willing to negotiate from the start and initially changed the price of the house to differentiate the 2 listings that are next door to each other.
The post 911 crash actually started with the bursting of the tech sector bubble in the 1st week of March, 2000. It spread from there and then did further nose dive after the attacks. That, however, was the start of the current nightmare because the fed cut rates and any idiot thought they could/should be able to buy a house.