Condo of the Day: 584 Pacific Street
The owners of this townhouse triplex have had to scale back their expectations as the market has fallen away from them over the last couple of years. The 1,800-square-foot apartment first hit the market in November of 2007 with Sotheby’s asking $1,895,000; it was reduced to $1,595,000 before being pulled off the market last fall….
The owners of this townhouse triplex have had to scale back their expectations as the market has fallen away from them over the last couple of years. The 1,800-square-foot apartment first hit the market in November of 2007 with Sotheby’s asking $1,895,000; it was reduced to $1,595,000 before being pulled off the market last fall. Now Brown Harris Stevens has been picked for the relaunch with a spiffy new price tag of $1,200,000. That’s gotta be pretty close to reality, no?
584 Pacific Street [Corcoran] GMAP P*Shark
I like BrooklynGreene’s haiku very much.
Should I, after tea and cakes and ices,
Have the strength to force the moment to its crisis?
I have been looking for houses around Downtown Brooklyn, so the price for this size apartment doesn’t shock me. However, this is a 2-unit condo, and my prospective neighbor bought their $1.2m duplex with 5% down. I would have 50% of the vote. I can’t imagine putting $500,000 down for the privilege of a $5,000 mortgage and $900 tax monthly.
What if the neighbor loses his job? He is probably under water as it is. This isn’t a $2.5M house.
Though I guess if I had that kind of money I’d have a whole world of options that I don’t have now.
What is interesting is that both units last sold in the beginning of ’05 for 1.1 and 1.2 mill respectively. The lesser is the one on the market now. At this point we’re not talking about “half off peak” but we’re definitely talking about people who aren’t making a penny on the sale when you factor in the broker and the initial closing costs. Whether they would have been better off renting for the last four years is another question. I think the answer is probably no, though we’ll see how low this goes.
That’s not bad, Ditmas. Really.
I make no claims to understanding, but I’m rather fond of “The Love Song of J. Alfred Prufrock.”
LET us go then, you and I,
When the evening is spread out against the sky
Like a patient etherised upon a table;
Let us go, through certain half-deserted streets,
The muttering retreats
Of restless nights in one-night cheap hotels
And sawdust restaurants with oyster-shells:
Streets that follow like a tedious argument
Of insidious intent
To lead you to an overwhelming question.
Oh, do not ask, “What is it?â€
Let us go and make our visit…
“I should have been a pair of ragged claws
Scuttling across the floors of silent seas…”
Ugh. Actually, I appreciate poetry – it is truly the essence of great writing. I just don’t understand it.
zinka…
> “Pacific & 4th has no light (fewer horns)”
>
> Huh? Sure it does.
Yep, my bad, I meant to say Pacific & Flatbush, as this seems to be the contentious intersection. The building is closer to Flatbush (and 4th Ave intersections are generally much better than Flatbush intersections.)