Brooklyn Bargains? Condo Price Cuts
342 Bedford Avenue 760-s.f. one-bed, one-bath Original listing: 3/11/08; $675,000 Reduced price as of 9/28: $600,000 Listed with The Developers Group 162 16th Street #8C 927-s.f. two-bed, two-bath Original listing: 10/10/2007, $725,146 Reduced price as of 9/24: $675,000 Listed with Aguayo & Huebner 935 Pacific Street #401 1,210-s.f. three-bed, three-bath Original listing: 5/2/07; $900,000 Price…
342 Bedford Avenue
760-s.f. one-bed, one-bath
Original listing: 3/11/08; $675,000
Reduced price as of 9/28: $600,000
Listed with The Developers Group
162 16th Street #8C
927-s.f. two-bed, two-bath
Original listing: 10/10/2007, $725,146
Reduced price as of 9/24: $675,000
Listed with Aguayo & Huebner
935 Pacific Street #401
1,210-s.f. three-bed, three-bath
Original listing: 5/2/07; $900,000
Price as of 9/27: $799,000
Listed with Elliman.
384 Maple Street #3A
1,834-s.f. four-bed, 2.5-bath
Original listing: 11/03/2007, $741,000
Reduced price as of 9/24: 569,000
Listed with Aguayo & Huebner
384 Maple St is lis pendens per PropertyShark
“maybe i can even negotiate a rent rate reduction…”
Slam dunk. You have no idea.
seems like we are starting to reach the capitulation stage. no brokers hyping in the face of impending doom, no recent buyers trying to scream down the dissenters. this is going to be UGLY. bottom is falling out of NYC real estate. so glad i didn’t get caught up in the frenzy. maybe i can even negotiate a rent rate reduction…
Please keep the cuts coming, maybe one day i’ll be able to afford something! I always wondered how people afforded things.
It sure ain’t good news for the stock market.
or for anyone with retirement savings.
Housing prices need to re-adjust big time, I agree, I just hope the downturn doesn’t wipe us all out in the process.
“Not sure I understand why anyone who knows about finance wouldn’t want the bailout to pass? anyone know?”
Because bill or no bill, we are slipping into a depression. The bill cannot stop it. It would simply be a waste of taxpayer money and fuel a hyperinflationary spiral. It will make it worse.
Despite the smoke-and-mirror details of the crisis, it’s all about home prices. Prices need to crash and burn. Only then will we have stability. It will be painful to the economy and therefore all of us, but it will be necessary.
@tybur6 (back on original topic) I can’t speak for the other properties on this post, but the Maple St building (and perhaps Pacific, too) is a new construction. My understanding is that when a seller is the developer (and not the resident), then they want to sell out the building in order to move on to new developments/investments. Very different from resident sellers.
“It’s not over ’til it’s over.”
Overzealous I was. The key issue is price and stake. At what maximum price will The Treasury be able to buy this mortgage-backed junk for and who will enforce that price? Exactly how much stake would we have in which companies? Bush and the central banking cartel are merely trying to price-fix these assets which is supposed to be illegal. Why didn’t they let Sotheby’s and Christie’s get away with it? They want us taxpayers to buy high and sell low. Inevitable disaster. Fundamentally flawed.
heeeeeyyyyoooooooooooooo