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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


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  1. this thread is definitely about real estate alternatives for the same amount of money.

    anyone who thinks you don’t need a minimum of $300K for fix this loser up is sorely mistaken.

    so, let’s say this POS effectively costs $1.2 million.

    why can’t we talk about the alternatives in a closer and more amenity filled neighborhoods? why wouldn’t someone want a brand new condo, no work needed to need to live somewhere else while pouring money into this pit and paying it’s mortgage.

    even if you get your precious house renovated, you will still be stuck in snoresville WT. it’s not good there. it’s awful and a long taxi ride or painful F ride away.

    there are other places to play frisbee.

  2. 2:38:

    You are INCREDIBLY naive.

    You REALLY think the only difference between Windsor Terrace and Bed Stuy is white faces vs. black??!

    You can’t be serious.

    Bed Stuy has and continues to be one of the most dangerous neighborhoods in New York City. It also has one of the highest poverty rates in the city.

    Are you REALLY that ignorant??

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