Condo of the Day: 20 Bayard Street, Cuts and All
How are sales going at McCarren Park’s 20 Bayard Street? Well, it’s a little hard to tell. If you look on Douglas Elliman or StreetEasy, you’ll see mention of a total of 25 apartments, 17 of which are shown as being in contract. But if you look at DOB records (and use a little common…
How are sales going at McCarren Park’s 20 Bayard Street? Well, it’s a little hard to tell. If you look on Douglas Elliman or StreetEasy, you’ll see mention of a total of 25 apartments, 17 of which are shown as being in contract. But if you look at DOB records (and use a little common sense—the building’s 18 stories after all), you’ll realize that this represents only about 40 percent of the inventory. So while we prep for the inevitable next wave of listings to hit the market, an effort’s being made to move the existing seven units that have yet to sell. Which is why, for example, a 1,296-square-foot three-bedroom was just reduced from $1,175,000 to $1,050,000. Think it’ll move at that price? Anyone know when the next wave is coming?
20 Bayard Street 3BR [Douglas Elliman] GMAP
20 Bayard Street 3BR [Natefind]
20 Bayard Street [StreetEasy]
Photo by dluther
hey 1:29
thrilling or not – who cares? wasn’t the point. and, for now, the burg sure as shit has better night life and shopping than any other brooklyn hood if you are simply talking cool factor. BUT IRRELEVANT.
own a million $ plus condo in williamsburg in a complex with about 60 apartments, and know others buying in the area, so i know first hand who the hell is buying expensive apartments in the burg. just saying that it is definitely not a dormitory. majority of buyers are couples, and as I said a few rich 20 somethings. in our complex, only three 20 something ish single owners.
ANYWAY, only pointing out that not everyone wants to squeeze into a couple of crappy brownstone floors….
resonding to previous post bud. so whatever….
Hey, 1:24…I mean broker for twentybayard…
Did you know this website is called BROWNSTONER?
I think you’re lost.
Curbed is over that way…
“it’s all couples and families and rich adults moving to these condos in williamsburg idiot.”
OOOH…sounds thrilling!! So Williamsburg is dead.
Thought so.
And yes, lots are rich 20 somethings.
Ever been to Brooklyn, bud?
“BTW Citi Group and UBS Had to write down 3rd quarter profits. If you think that things are ok, you are a clueless asshole!”
yeah, so bad that the dow is up 170 points so far today for a record high.
you need to do a little more reading of articles and not just the headlines, buddy.
the news today was that while 3rd quarter profits were down, they expect 4th quarter to be back to normal and they also said they believe the worst of the credit crisis is behind us.
try reading one of those articles next time you extract shit from it.
yes, seen crazy brownstones where the top 2 floors are rentals and the parlor floor is all broken up with some little kitchen and the bedrooms are shoved downstairs. lots of people are buying brownstones they don’t have quite enough money to maintain or live in all themselves, and lots are not 4000 sq feet either.
a beautiful new condo with sweeping views and amenities is not crazy. and wtf with the dormitory comment? it’s all couples and families and rich adults moving to these condos in williamsburg idiot. you think its kids right out of college moving into all these apartments?
New tax bill
Last month, Reps. Robert Andrews, D-N.J., and Ron Lewis, R-Ky., introduced HR1876, the Mortgage Cancellation Tax Relief Act of 2007. This bill would eliminate the tax on cancellation of debt income on primary residences, with some limitations.
The tax relief would apply only to “principal residences sold by their owners,” not to rental property (which are subject to separate laws) or to vacation homes, according to a fact sheet on the proposal.
“As drafted, the provision will apply to either an original or a refinanced mortgage (regardless of whether it was recourse or nonrecourse), but only up to the amount of the original purchase price of the property” plus the cost of improvements, the fact sheet says.
In other words, if you used a home equity loan to improve your property and defaulted on the debt, you would not be subject to cancellation of debt tax. But if you used a home equity loan to pay off credit cards or take a vacation, you would be, says Linda Goold, tax counsel for the National Association of Realtors.
Hey Dumbasses,
Pray to GOD This don’t pass. If this bill goes thru, people WILL walk away from their houses.
BTW Citi Group and UBS Had to write down 3rd quarter profits. If you think that things are ok, you are a clueless asshole!
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayxRAeLa.TfU&refer=home
no
No
How many people have boarders? like 5? What exactly are you talking about?
If you are talking about renters…you are in the wrong city. There are lots of those here, and yes, lots of people don’t need 4000sf all to themselves and rent out some of it.
You’re one of those people that like to say something negative about everything, aren’t you?