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
Park Slope is MUCH more urban than Windsor Terrace, Maplewood or Garden City.
It’s the only neighborhood of the 4 you mention where you can walk to everything you could possibly need without a car.
I’d never live in WT without a car.
“What’s the rationale for over $1M?”
Racism.
Let’s not pussyfoot around it. Why would you buy this crapshack when you could get a stately brownstone in Stuy Heights or Crown Heights North? Because you think those neighborhoods are “scary.” But you’re just fine living next door to Joey Scunzool, 42 year old former car-service driver with rage issues and a restraining order from his ex-wife, living with his parents. Because he’s white, so he’s not scary.
Park Slope is a suburb of Manhattan, so is Windsor Terrace, so is Maplewood NJ and Garden City LI. People can make their own decisions about what mix of cost, proximity, commercial services, schools, parks, etc. is right for them.
Personally I would much rather be in Windsor Terrace a block from the park than in Park Slope a block from 5th Avenue. That’s because precious boutiques don’t particularly interest me as much as being able to walk to the end of the block and toss the frisbee around with my kids. But the F train is a real drag, and will continue to be until they have express service at least out to Church Avenue.
What’s missing from this equation??
It’s a small one family, no rental income, unappealing interior, needs work, we are IN a recession and prices are coming down.
What’s the rationale for over $1M?
i thought that there were 50 offers at double the price and that the price included parking and a free car. It doesn’t show in the photos, but there is an olympic sized swimming pool on the roof.
just becuase i wrote it and you read it doesn’t make it true.
don’t beleive the hype.
You just proved, 1:07’s point, 2:14.
You sound like Rush Limbaugh…Someone doesn’t agree with you, so they are an ignorant jackass???
1:07 is an ignorant jackass
You’d pay over 1 million dollars to live over an oilslick, 2:05???
Hope you don’t have kids.
Not to mention Greenpoint’s transportation sucks ass.
Over $1M for that!?!?!?
Much better value for money in other neighborhoods. $1.5 will get you a landmark 2 family (read ental income) on a landmark block with an already nicely renovated kitchen in Greenpoint.
Humanity never ceases to amaze me.