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
condos ain’t got gardens.
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!
This thread is about a nice old house that attracted enough attention to receive multiple bids over asking price.
Get a clue dude. The website you are after is http://www.curbed.com
We were open to a condo. But all the condos I saw for $1.2 million a year ago 11:48, were SO tiny. The bedrooms were the size of closets. The living room/dining room combo rooms were the size of our current Master Bedroom in our limestone house we ultimately bought. No thanks to a condo.
If I ever bought a coop or condo instead of a house it would be one of those massive apartments in a white-glove coop on Prospect Park West. Fantasy! I love those. But waaayyy out of our price range.
So tired of this question.
If a house is priced right, it will no doubt attract buyers, no matter what the market.
hello – if you recommend completely updating everything – then why not take your 1.2 million and buy a bitchin new condo?
this is super ugly and will always be ugly.
yuck.
Milwaukee.. riiiiiight!
16th Street above 7th Avenue is totally different price point. I think 1 million is the starting point for most people looking to sell. Anyone see inside? There is a Granny-facation factor in this part of Windsor Terrace to contend with. Mrs. Limestoner, your two cents?
11:38, I think the point is not having to have a car for every last thing you do, not living in the ‘burbs, not being subject to the mercies of NJ Transit or the other train systems, and more. It’s why almost every neighborhood in Brooklyn within spitting distance of a subway will probably be safe from a market crash. People don’t want to live in the burbs and will pay a lot of money even for ugly buildings like this one. I’d rather own a fairly ugly place in Brooklyn than a gorgeous home in Jersey.
With kitchen and bath reno, new paint, new modern light fixtures and sharp furniture and accessories this house will not look “great grandma”. Have some imagination.
As for why people would live in WT, or anywhere in Brooklyn, the suburbs vs. urban living debate has been discussed a zillion times on Brownstoner. THAT’s what’s boring. Please spare us another please! The market speaks. Sorry you can’t sell your house in Milwaukee, 11:38.
Regardless of what happens in the market, people will need a place to live. People looking to buy houses are typically in there for the longer haul (5-10+ years or more). They will continue to seek solid houses near prospect park in nice neighborhoods like windsor terrace. The yellow brick aesthetic is not to everyone’s taste, but these are nice solid houses. The neighborhood is safe. There are more things opening there all the time. The F train is not siberia.