306-St-James-Place-0808.jpg
306-St-James-Interior.jpgAt the same public auction where 82 Cambridge is coming on the block, 306 St. James Place will also go to the highest bidder. This one’s not looking quite so cheap though. According to the flier, the opening bid for the four-story, two-family house is $1,400,000. It’s probably still a good deal at that price, judging from the one interior photo, but we doubt it’ll end up going for a whole lot more.
Public Sale 8/13/08 [NYC.gov – PDF] GMAP P*Shark
82 Cambridge Place Coming Up For Auction [Brownstoner]


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  1. Mr B while I respect your opinions and all the work you put into this blogg I have to say you’ve got this one completely WRONG. How is $1.4 million for a gut job in that location a good deal? I mean there are gut jobs in better locations that sell for less and are not even in foreclosure. For example 226 Cumberland is in far nicer location and needs just about the same amount of work but priced @ $1.29 without takers for 6 months. This has got to be one of those posts that wasn’t thought out or researched @ all. Sorry to seem harsh but Mr. B I’ve come to expect better from you!

  2. I wish people would stop obsessing over the what, I’m beginning to think he taps into some sort of personal insecurity of some posters, I don’t get his power over some of you. I just skip over his postings, they are repetitive and boring.
    This house is a real opportunity for someone to buy at a cearance sale price. It is roomy and attractive and the street has come a long way over the past ten years. I say it will go for 1.1, at that price the owner can spend say 400,000 to rehab to exactly suit their tastes and needs.
    Nokilissa, hint hint.

  3. “Who wants to bet that DOW8000 is a sockpuppet of the What?”

    It’s a better bet than 306 St. James.

    As your other personality would say “take the bet.”

    What–this is what is up with me. I, and other people here, have acknowledged that there are elements of truth to your predictions of economic disaster and have asked you to engage in a discussion about it. For instance, I am one of the “asshats” in the process of buying a house in a neighborhood (Asshat Hill) that is the target of many of your rants. I have asked several times for an honest answer to the question “if it is such a bad idea to buy a house in Brooklyn, what should I do?” Where should I go? I get pissed off when you throw your bombs out there and then don’t respond when people try to take you seriously. It is lame beyond belief to threaten people, cackle at their potential doom, demean them and then refuse to engage when they try to talk to you. This makes you a royal asshole. Inventing a version of yourself that purports to speak reasonable English doesn’t make you any less of an asshole.

  4. I’d say not a good deal at all! What happens if the opening bid isn’t even made?

    I’d guess $1MM or slightly less might be in the ballpark given the location and renovation needed…

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