Bank Predicts NYC Market to Fall Another 40 Percent
If a certain bank analyst is to be believed, New York real estate has a long way to go still before reaching bottom. A Time article earlier this week cites a Deutsche Bank report predicting that housing prices in the New York metropolitan area will fall 40 percent from their March levels. The major driver…
If a certain bank analyst is to be believed, New York real estate has a long way to go still before reaching bottom. A Time article earlier this week cites a Deutsche Bank report predicting that housing prices in the New York metropolitan area will fall 40 percent from their March levels. The major driver of the bank’s estimate is an affordability index that shows New York is still relatively a very pricey place to shack up.
New York Home Prices Forecast to Drop 40% [Time]
Photo by tomodea
I’m sure it could be renovated and well done for under $500k. I’d add a second bath on the second floor and a bath on the top floor if the ceiling height permits.
It’s shingle, not clapboard. The shingles were all actually in decent shape and with a powerwash and good stain will probably last another 10 yeaars. Foundation was brick (what I could see and nice and straight.
I’m going to look at it next week.
So if you are gay why not live in Chelsea?
“you sound like you are single and you live in bed stuy? Not too easy to bring the ladies home from the bars there no? ”
Yup, pretty much summed up the thread.
yeah, ditto, its been a long dry spell with the ladies…the last one I was in was the Statue of Liberty.
Now I know how clueless brickoven really is!!!!
I have been in similar wood frame houses on that block of Adelphi and that would be a great house fixed up. Would be a crazy expensive project to renovate that house though. Ask way to high for the level of work needed.
So for you renter’s that’s be $1,600 a month for 1,700 sq. ft with a basement, a yard and a deck in a really beautiful place with tons of architectural detail, two baths (one giant one ensuite with the master bedroom).
Thats’s a better value than most any apartment anywhere.
Plus the house will probably begin to increase in value above what I paid in 3-4 years.
Talk amongst yourselves.
Sweet house, and a loo on the parlor floor! Don’t think I would have the fortitude for the restoration it needs even if I had the cash.
Yea DIBS – you must be real bummed about not being able to bring the ladies back
El Stupido its in Bed Stuy though no? you sound like you are single and you live in bed stuy? Not too easy to bring the ladies home from the bars there no?