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
it looks like a nice greenpoint house.
560 State is on the intersection of Flatbush and Atlantic…the most trafficked, most polluted, noisiest shitblock in Brooklyn.
Thank you. Now, what is your gripe w/ 560 State? It’s a lovely quiet building in beautiful Boerum Hill near BAM. To me, at least, that represents value & a good investment. I’m curious to real honest opinions b/c I’ve been to 2 open houses there but ultimately passed in favour of a duplex in Boerum Hill
“I agree with 119 this house is really not worth it. We have looked at and decided against immediately.”
Good thing you decided against it. There were 6 others who wanted it.
Your loss is someone’s gain.
And in ten years when the new owner sells it for 2 million, you’ll STILL be sitting on those sidelines waiting to play in the big game.
What a bunch of nutsos on this site! Your kids will hate you if you move to the suburbs?! Oooh, the taxes are so high there! Is it so hard to accept that not everyone dreams of living in an ugly house in dire need of renovation in Windsor Terrace for a million bucks? I love Brooklyn too, but come on – try to look outside your little bubble for a moment. BTW, how do we know the house really has *6* offers. Seems to me I’ve seen such claims from brokers before…I don’t think it’s a completely unreasonable price, but I think it’s high for the neighborhood, the block and the state of the house. If this is true, then certainly the dip has not started in earnest yet. Whether and when it will, is another question. But I wouldn’t be buying right now, that’s for sure – no unmissable bargain here.
1:23, I stand corrected. I had just assumed that Rogers and the Bricolage POS next door to 560 were the only match that fit.
I agree with 119 this house is really not worth it. We have looked at and decided against immediately. The fireplace is fake, the basement is unlivable, and the kitchen and bathrooms need to be gutted. Even after all of that you are left with a house that has one bathroom. And this is incomparable to similar houses of this size.
i am not david rogers and everything I wrote is true.
just look at the site!
this is not difficult.
just becuase some one does not agree with you doesn’t mean you shoudl call them a david rogers!
“It’s just not ugly, it’s fugly”
Take a look in the mirror. I’ll show you fugly.