Big Turnout for 437 Waverly Auction
There was a big turnout and lots of bidding yesterday at the auction for the shell of a house at 437 Waverly Avenue in Clinton Hill. The first round of bidding was done privately on paper, with the highest bid coming in at $415,000. At that point, the public bidding started at $415,000 and quickly…
There was a big turnout and lots of bidding yesterday at the auction for the shell of a house at 437 Waverly Avenue in Clinton Hill. The first round of bidding was done privately on paper, with the highest bid coming in at $415,000. At that point, the public bidding started at $415,000 and quickly worked its way up to a winning bid of $540,000, well above what we thought it would go for (and far above the pricing widget average of $382,448. Surprised?
Waverly Shell Coming Up for Auction [Brownstoner]
437 Waverly Avenue [Brooklyn Properties] GMAP P*Shark
I thought it meant that theres no one living in there – for NYFD purposes
When will rates hit 10%, BHO??? And please describe the scenario that gets us there.
Relying on the current Fed stimulus is not a valid answer because the market knows more than you and if the market thought that would do it we’d be there by now.
Not condemned, Minmin…it’s put there by the fire department saying that it is not structurally sound inside in case there is a fire and they need to go in. Someone posted the exact definitions of the boxes with or without slashes or Xs inside them on the original thread.
The mark on the front of the building indicates that the building is CONDEMNED. I’m not sure if it allows them to keep the frame.
Future pool of buyers, DIBS. Fixed 10ish % rate.
***Bid half off peak comps***
Get used to a lower standard of living.
***Bid half off peak comps***
Posted by: Brownstones Half Off at November 13, 2009 12:48 PM
Pull yourself up and get off of the public trough, BHO 🙂
“Affordable to enter the market and get your asshole handed to you months or years later when you’re forced to sell after interest rates and unemployment spikes? Yeah.”
Ever hear of a fixed rate mortgage??????
“…i guess you can always hope for the worst, right BHO?”
I know, squaredrive. It’s fucked up how I equate value with higher crime. But value is my focus. Higher crime is just a realistic aside. No matter where crime goes, cheap EZ credit and the economy that resulted are a thing of the past and it will reflect in lower and lower comps as time passes. L-shaped crash. No recovery for years. Get used to a lower standard of living.
***Bid half off peak comps***
It is one thing to rent out a portion of a house to help pay for its upkeep and it is another to calcualte its value based merely on the hypothetical rental income of the entire building. If you are looking for a house to live in, there are many other factors to weigh than rent roll. Whereas if you are looking for an income-producing property, rent roll is the primary concern. You are mixing up your priorities vis a vis your desire for rental income and your family’s desires for what they want in a home.
The family comes first, the rental income a distant second.
“Which makes them affordable.”
Affordable to enter the market and get your asshole handed to you months or years later when you’re forced to sell after interest rates and unemployment spikes? Yeah.
Not worth debating anymore, huh?
***Bid half off peak comps***