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
12:18…
People pay a million dollars to live in 500 sf in Manhattan. 45 million to buy into the Plaza for the same square footage you could buy one of the largest houses in the U.S.
NYC and Brooklyn now are brands. You pay for that brand in real estate.
Just like you pay 499 for an iphone that costs 50 bucks to make.
Or 1.50 for a coke that costs 2 cents to make.
This is not news.
1 million for a house like this is a pretty good deal in this city.
Quite possibly an Archie Bunker clone lived there… WT is “like that”
I like the house. It’s very cute in an Archie Bunker kinda way.
I guess it is subjective whether you like this house, neighborhood or borough. The question is who would pay over $1M + updating of a middle class house?
People can say whatever they want about moving to the burbs, but spending almost twice to get what would be a starter house in the New York metro area is ridiculous. The people who are paying for this have to be people upgrading on a coop or condo.
Has anyone been following the 1-2 BR Coop/Condo market?
Condos are fine if that’s your thing. I think 99% of them are repulsive, personally.
But this thread is not about condos.
Not in the slightest.
Let’s talk about the freakin house for once.
Condos ain’t got land ownership and it’s the land that’s the most valuable thing.
Hey CondoLover, go get yourself one and I’ll shoot nails through the paper thin walls atcha!
That’s one of the Calder houses … as are the porched houses on Windsor Terrace’s Fuller, Howard and Windsor Places.
From Brooklyn by Name, Benardo & Weiss, NYU Press 2006:
Republican William Musgrave Calder (1869-1945) represented New York both in the House of Representatives and the Senate. Born in Brooklyn, Calder studied carpentry in evening courses at Cooper Institute in Manhattan and later became building commissioner for Brooklyn. He is credited with building over thirty-five hundred homes and developing parts of South Brooklyn, Flatbush, and Sheepshead Bay. In his one term as senator (1917-23), Calder sponsored the first daylight-savings law.
Tell your psychiatrist to go up on the Thorazine. Your psychosis is back!
-Why would some idiot say to look at new condos, when clearly A LOT OF PEOPLE LIKE THIS PLACE!!!
You are a moron.
So you like new crap condos. Go buy one!-