Condo of the Day: 153 Lincoln Place, #3C
It looks like most of the units at 153 Lincoln Place—the former bordello in Park Slope—are now spoken for: Seven have closed, one is on contract and two are still for sale. One of the apartments that’s still available, Unit 3C, has had its asking price cut twice in the last three months, bringing it…
It looks like most of the units at 153 Lincoln Place—the former bordello in Park Slope—are now spoken for: Seven have closed, one is on contract and two are still for sale. One of the apartments that’s still available, Unit 3C, has had its asking price cut twice in the last three months, bringing it to $999,000 from an initial $1,245,000. It has a lot of space—1,388 square feet—so we suspect the problem has been the untraditional layout. Or maybe, to beat a familiar drum, it’s the lack of original details inside a historic shell. Thoughts?
153 Lincoln Place, #3C [Corcoran] GMAP P*Shark
quote:
The neighborhood (on so many levels) is heaven for parents raising kids in the city.
oh stop it. give it 10 years and it wont. what goes up eventually MUST come back down.
*rob*
“but there are soooo many people who moved out to the suburbs because they feel city schools are not acceptable for their children (and sorry – suburban public schools are superior to city schools)”
This is an antiquated notion dating before 2000 when New York City (and Brooklyn) cleaned itself up and became a much better place to live. Literally almost EVERY SINGLE family I know who moved to Jersey wishes they hadn’t left.
Of course, it’s so easy to say this in retrospect.
The suburbs are a waning phenomenon. Not saying they will every go away, but their appeal has become more as a last resort than as the primary destination for young families.
There’s a reason why a house in Brooklyn costs more than a house in typical suburban New Jersey. It’s called demand.
Denton, I did respond to your question…. I don’t know what the total revenue would be, but that’s really beside the point. Why should someone in a condo pay $7500 a year while a person in a house pays $1800. Shouldn’t they both pay $4650? Or $5000 and have an effective increase in revenue?
And what is this about “deductible” — yeah, it’s deductible from your income taxes — and it’s deducted from your gross income, not your tax liability. But guess, what… the property tax money goes to the CITY. That is to say, increase property taxes is directed LOCALLY, not to Albany or Washington. This is a BIG difference.
Oh, and you example of Long Island taxes… doesn’t that support the huge problem with NYC taxes?!
I don’t know if the gross revenue would be enough to offset them entirely — but why am I paying city/local INCOME TAX on my earnings, when property owners are not paying their fair share?! What if you kept all other taxes the same, but INCREASED (upon sale) the absurdly low property taxes that are so far out of sync with the rest of the world!?
Tell me Denton, do you think the taxes you pay are fair and equitable? Or are you just happy you don’t have to pony up the cash and fuck everyone else?
I’m not of the opinion that suburban schools, when all things are taken into account, not just SAT scores, are superior to all NYC schools. And I put my money where my mouth is on that.
dont most kids who go to ps321 wind up getting beat up like every single day when they hit middle and high school? i read somewhere a while back that it was a huuuuge problem, i think by the actual kids themselves talking about it.
*rob*
And as someone who works with the children of yuppies all day long, they are not bad at all. Either that or I’m just that charming.
“but there are soooo many people who moved out to the suburbs because they feel city schools are not acceptable for their children (and sorry – suburban public schools are superior to city schools)”
The rule I’ve heard is, Have 1 kid, send ’em to private and live in the city; Have 2 or more, move to the suburbs and pay property taxes instead of private school tuition. either way, you spend the same amount.
“11217, taxes on shithole houses on LI are over 20k a year. ”
I find that offensive – Mr. B can we ban denton for a week?
–grew up in shithole long island house
DH:
Very true, but if you’ll notice people bought places here, The Vermeil and On Prospect Park (I know not technically Park Slope) for some of the largest condo prices in this area in the past year….NONE of which are in PS. 321.
I think my block is one of the nicest (and probably one of the more expensive in the neighborhood) and it is not in PS. 321 either.
The fact is, that many of the schools in Park Slope are above average now. Not just PS. 321. This helps real estate prices tremendously. The neighborhood (on so many levels) is heaven for parents raising kids in the city.