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
What–your english is going way downhill. I think I understand what you are trying to say. Anybody buying a property like this and thinking that they are going to sell at a profit in a few years is certainly an idiot. If however you buy something like this with a view to raising a family there and owning it for a long time the monthly nut is not too insane due to the low monthly costs. So own this for a decade or two and you should be fine.
“This is bubble pricing. I guess someone might be foolish enough to pay it. Two years from now it will be impossible to resell this unit for the current asking price.”
You mean..
“This is bubble pricing. I guess someone might be foolish enough to pay it. Two years from now it will be impossible to resell this unit for anything.”
BTW Fucktards, The Chimp in charge sign the Asshat Foreclosure Rescue Bill! This should bring on the crash right well…
The What
Someday this war is gonna end…
This is bubble pricing. I guess someone might be foolish enough to pay it. Two years from now it will be impossible to resell this unit for the current asking price.
As this ain’t no disco said, the Clinton/Washington C train is quite close (2 blocks) to this apt. If I was seller I would emphasize proximity to Clinton Hill and Fort Greene as opposed to trying to make it sound like it is anywhere near Prospect Park, which is a big uphill schlep from there….
Thank you ks8000 and 11217! My point precisely.
Good closet space, highish ceilings, but no outdoor space (except for the shared “zen-inspired garden” which is embarrassingly bad). No parking space. There’s so much new construction around this area, lots of competition. I think the price will have to drop a little bit more, considering the state of the market right now.
Over 10% appreciation in one year in a non-prime area is considered reasonable in the worst national housing crash since the Great Depression?
only 2 blocks to the C at Washigton and Fulton
I would think in this market that the seller should be lucky to recoup closing costs. These apartments have been on the market for a while. The location is less than ideal with a good trek to the subway and limited restuarants, etc. Also the apartments are not so appealing, very cookie cutter. I think these will continue to sit on the market while demand dwindles and supply keeps increasing.