Condo of the Day: Resale at The Washington
After a rocky couple of years of Scarano-related delays, first-round buyers at The Washington Condo at 35 Underhill Avenue in Prospect Heights were able to close and move in last year. Now we’re starting to see the first resales in the building. One owner has just put his 1,474-square-foot second-floor apartment on the market for…
After a rocky couple of years of Scarano-related delays, first-round buyers at The Washington Condo at 35 Underhill Avenue in Prospect Heights were able to close and move in last year. Now we’re starting to see the first resales in the building. One owner has just put his 1,474-square-foot second-floor apartment on the market for $799,000, an increase of $100,000 over what he paid for it in early 2007. That doesn’t seem unreasonable to us.
35 Underhill Avenue, #A2E [FSBO] GMAP P*Shark
runrunrun away
The offered potential of the apartments on the mezzanine level will not be welcomed by the Department of Buildings. Check their homepage and the section complaints.
… and then, RUN
we actually went to see this place last weekend and it *is* really a beautiful place. Its humongous and the layout moves around sort of like a classic 6. (Its NOT but..) the layout is really great and probably not far off what I would pay for something like that if I had the do re me. Its definitely a good large family apartment.
The owner told us about the issues with the construction in the ‘attic’ apts, which we also looked at that day.
I wouldn’t buy in that building because of the “sketch factor” of the construction. It was too much work for me to even think about all the issues they were having, which they claimed to be fixing but who knows what didn’t get fixed.
I don’t think anyone’s pointed this out yet, but in what universe is this 1,474 sq.ft.?
apples, oranges, 300 blocks north and a co-op board, but for this, you could get a reaaallly nice apartment in Castle Village.
Ok, yeah…I thought you had it incorrect:
This is from the NYTIMES/July 30, 2008
****according to the Standard & Poor’s/Case-Shiller index, a widely watched survey that measures prices in 20 major metropolitan areas. Prices were down 15.8 percent from May 2007, including a 0.9 percent one-month drop this May.
http://www.nytimes.com/2008/07/30/business/economy/30econ.html?hp
You aren’t as smart as you think you are.
Polemicist,
One of us is reading this info the wrong way…
This sentence from your article…
“The Standard & Poor’s/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago.”
That to me means a 15.8% drop, year over year. Not in one month. No?
This sentence also sounds like you have things mixed up…
“Home values have fallen 18.4 percent since the 20-city index’s peak in July 2006.”
And then this sentence is not all bad news..
“But a possible bright spot in an otherwise dismal report, seven metros — Tampa, Fla., Boston, Detroit, Minneapolis, New York, Dallas and Atlanta — showed smaller annual declines.”
Am I reading this wrong???
11217
A lot of your facts are wrong, and your predictions are baseless
Housing prices declined 15% in May alone
http://biz.yahoo.com/ap/080729/home_prices.html?.v=10
We also have a massive decline in Wall Street revenue as the governor described last night.
I have a very reliable source that is going to be publishing a report soon that indicates Manhattan prices have actually declined 8% in just the past few months.
A 10% decline at this point would be a godsend.
At this point, there is simply no reliable data from which an informed opinion can be made.
Prudence is warranted.
AY will be a huge hassle to live through or near if you are in a 6 block vicinity.
if there’s a g&t program, fine, but still think that much of the area is not too great. (have lived in prospect heights before).
Wine lover,
Just to correct some points:
AY is closer to to some areas in PS than this site.
PS9 is a great school. We had the option to send our kid to a number of citywide gifted and talented schools, but we decided to keep her at PS9.
Washington still has away to go (unless you need a flat fixed).