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
“Your pants are so tight I can see your religion”
Mae West
In re the value of this shell, if it can be renovated for under 400G then I think that you would be hard pressed to find a newly renovated rowhouse in this neighborhood going for within 100G of that total price (940). Agree that it has more value to a single family buyer than to a developer or investment buyer.
Dibs:
“I’ve been called worse by better dames”
-Mae West
wasder, BHO doesn’t want to hear rational arguements like that.
While I am loathe to dismiss out of hand BHO’s analysis of some form of “formulaic” valuation for houses based on rent roll I find his conclusions FAR too simplistic and reductionist. Also, the notion that FG/CLinton Hill/Bed Stuy will revert to the the bad ole days crimewise is similarly heavyhanded. There is no way that these neighborhoods will slide back into the sorts of crime levels seen in the 80’s.
Sounds more like Oscar Wilde or Mae West.
“Some people are thinkers, some people are doers. The more you think the less you are likely to do, as life really is so fraught with hazards and uncertainty.”
Posted by: Minard Lafever at November 13, 2009 11:11 AM
I like that!
Where’d you steal that from, Minard?
Lao Tzu?
Nietzsche?
Ayn Rand?
Minard’s analysis is correct. BHO, your pronouncements are often ridiculous, and the rest of the time I can’t understand what you’re saying.
Pigeon, bxgrl just posted this on the OT…you gotta watch….
http://tinyhacker.com/hacks/pideonimpossible-animated-goodness/