Condo of the Day: 25 Montgomery Place, #1
This duplex condo at 25 Montgomery Place is architecturally stunning, but then again so is its price tag. The parlor floor in particular is dripping with details like moldings, fireplaces and wood paneling. And the common charges only come to $800 a month, a bargain for a 2,285-square-foot apartment. Given that, maybe the asking price…
This duplex condo at 25 Montgomery Place is architecturally stunning, but then again so is its price tag. The parlor floor in particular is dripping with details like moldings, fireplaces and wood paneling. And the common charges only come to $800 a month, a bargain for a 2,285-square-foot apartment. Given that, maybe the asking price of $1,995,000 isn’t so bad. On the other hand, it’s a tough leap to shell out that amount of dough when it would by you a pretty nice stand-alone house not too far away.
25 Montgomery Place, #1 [Brown Harris Stevens] GMAP P*Shark
Sure you can have both, DIBS. Not necessarily but feasible. A deflationary crash would take down gold with home prices as debtors would sell it off to raise king cash. It would take geo-political unrest for gold to spike (and that may happen but not before it crashes due to deflation).
Quite logical.
***Bid half off peak comps***
nice apartment, but sketchy block.
*rob*
Yes, gold will crash hard before housing bottoms.
***Bid half off peak comps***
Can’t have both. Either one or the other. You’re not thinking logically. As usual.
No, DIBS, everybody is “REASONABLE”. The mass bearishness will set in at half off. That’ll be the “blood in the streets” moment.
Yes, gold will crash hard before housing bottoms.
***Bid half off peak comps***
I saw this place over the weekend. Tired and old and overpriced by a lot. Needs a ton of work.. Worth maybe $1.5 mil. broker does not know how to price
This place does look wonderful. Also, there seems to be a shortage of places this size on the market in the better parts of PS, BH etc. Smaller apartments or whole houses are much more available. Thus I would guess it goes close to ask for that reason.
“Yet BHO is waiting for another 50% off from here.” – 11217 @ 2:01
And why would that article change my tune? Buried in the body…
“The gains in median prices don’t necessarily mean that prices overall are appreciating. The Wall Street Journal analysis found sales picked up the most for higher-end properties, which pushed up the average.”
Oh, the old skew.
“But at the time, market reports said that even as overall average prices rose, prices in most individual categories, such as studios or one-bedrooms, were flat or falling. This suggests the average price rise was due more to the changing mix of apartments sold than to a fundamental shift in the market. It isn’t clear whether that pattern will recur in the second quarter.”
Oh, no thanks to “fundamentals”.
“Jonathan Miller, an appraiser with Miller Samuel Inc., has predicted a further decline in Manhattan property values over the next three years. He cites a shadow inventory of unsold apartments, both new condominiums and resales, that haven’t hit the market, and significant worries over unemployment.”
A warehouse of shadow inventory here and nationwide (affects the banks which are centered here) and “significant worries over unemployment” but somehow Manhattan, let alone Brooklyn, has bottomed? Absolutley ridiculous, 11217! But thanks for sharing.
***Bid half off peak comps***
Save it Ty. According to BHO, you’ll be able to trade it in for this co-op in a couple years.
I have a bag of random silver flatware…. what can I get for that?