Bidding War at 538 16th Street?
The wind hasn’t gone completely out of Brooklyn market’s sails, at least if one house in Windsor Terrace is any guide. According to a tipster, 25 families came to see the 1,800-square-foot house at 538 16th Street this weekend and six of them ended up making offers—at or above the $999,999 asking price. Granted this…
The wind hasn’t gone completely out of Brooklyn market’s sails, at least if one house in Windsor Terrace is any guide. According to a tipster, 25 families came to see the 1,800-square-foot house at 538 16th Street this weekend and six of them ended up making offers—at or above the $999,999 asking price. Granted this price seems low to start with for a house with some charm just a block from Prospect Park but, then again, it also looks to be in need of some updating. So what do you think: An aberration or a sign that the pessimists have it all wrong?
538 16th Street [Corcoran] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
Awesome- bye bye 1:02. Stop posting here after you move.
The suburbs are over.
People who live in them are greedy and most likely Republican.
11:37 ditto. We are so over bidding wars, especially for places like this. The market will settle down, and if it doesn’t, we are heading to the suburbs – at a certain point the equation just stops adding up for us with 2 kids and so much more for your money 30 mins outside of the city.
Ah, David Rogers (aka 12:54), you’ve decided to grace us with your slimy, repugnant, greedy, grasping, and indisputably ugly presence again. Spare us all the horror and take a dive from the roof of the Bricolage eyesore known as 560 State.
12:54:
Everyone hated it last week when you posted it on every thread and they will hate it again this week.
It still lies on the most disgusting intersection of Brooklyn and is at least 200K overpriced.
Go back to your hole.
Come on folks. This is an ugly house on an ugly block. Park Slope it ain’t. Windsor Terrace is a convenient neighborhood with some decent amenities but absolutely no charm and less diversity. I live there, and I like it, but this is the reality. As far as the F train, it skips the 15th Street stop all the time at rush hour and on weekends, which certainly makes the commute a little challenging if you need to do it often. Bottom line, people are desperate for more space and are priced out of Park Slope (and I agree that a 1000 sq. ft modern condo is a far less attractive proposition for a family than a house like this, for a similar price). And I do agree with whoever said it needs several hundred dollars worth of renovation. Maybe not $300K, but $150-$200K easy, judging from the interior pictures alone. Renovation services are not cheap and most people don’t have the time or the knowledge to undertake it all themselves.
If you simply think about this neighborhood as a nice quiet safe suburb of Park Slope (which is really selling Windsor Terrace short), the price is easily justified. The same house in Park Slope would be a couple hundred thousand higher.
What does everyone think of this place?
BAM Cultural District, close to Atlantic Terminal & Boerum Hill, Ft Greene Park…
http://www.prudentialelliman.com/913331
Is it priced right?
12:36: You beat me to it re 12:32’s comment. Quite apart from the extreme likelihood that he hasn’t even seen the house and thus has no idea whatsoever what work may or may not be required, the potential recession has at least one silver lining: mooks like this won’t be so likely to be contributing to the frittering away of our resources by equipping their joints with the latest fads in appliances, plumbing fixtures and ostentatious finishes.