Condo of the Day: 535 Dean Street Penthouse Price Cut
Can you say Atlantic Yards Effect? There’s no other reason we can think of (other than that pesky global financial crisis, of course) to explain why this 1,400-square-foot penthouse at 535 Dean Street in Prospect Heights just had to cut its asking price from $899,000 to $799,000. In its current configuration, it’s also not much…
Can you say Atlantic Yards Effect? There’s no other reason we can think of (other than that pesky global financial crisis, of course) to explain why this 1,400-square-foot penthouse at 535 Dean Street in Prospect Heights just had to cut its asking price from $899,000 to $799,000. In its current configuration, it’s also not much of a family apartment either. Still, you’d think there’d be at least one childless buyer out there who would be digging the open space and views (and rather low monthyl maintenance of $701). What gives?
535 Dean Street [Corcoran] GMAP P*Shark
You know what is real nice now? Some people are attacking the fucking asshats! Now you see this shit unfolding in real time (Bear Sterns). BTW This shit isn’t over by a long shot. More layoffs, more write-downs, more bank implosions and more price reductions.
The What is laughing his ass off now, I told you 2008 was going to be a fuck you year! I’m glad some people are seeing the light and keep renting! Let the the bullshit crash!
Hey Brownie, this blog is getting real shity. What the matter? No more overpriced shit selling? No one is making Mortgages on this shit!
RIP Mutant Real Estate Bubble.
The What (Lodi NJ Reping my hood LMMFAO)
Someday this war is gonna end….
“Why are you talking about 75% of the country? This is New York City. We have very little in common with the rest of the country.”
AHA!!!!!
So everyone says that New York City is just like the rest of the country until it’s time to support your point! How interesting…
So perhaps if NYC is so different from the rest of the country, prices here will continue to climb.
Just like they do in London, Paris, Tokyo, Syndey, Dubai and Zurich.
hey 2:26 speak for yourself
i rent and i save religiously unfortunately i started sving around 2002 and have saved a large amount of cash but still cannot afford one of these overpriced places
when it makes sense i will buy adnd right now it makes sense to rent for me
$500 in the bank? lmao you are missinformed
Why are you talking about 75% of the country? This is New York City. We have very little in common with the rest of the country. And there are tens of thousands — actually, probably more than that —
of renters here who are sitting on mattresses full of cash. I’m one of them. I made my money too late to buy in the early part of this decade, and have preferred to save my money rather than spend it on overpriced properties — which Brooklyn homes have been since 2005 at the latest.
Your picture of renters is absurd. Like one of the earlier posters said, get some new friends.
Atlantic Yards Effect? But, but, I thought that DDDB was going to prevail in court! Why, just recently these boards reported how Daniel Goldstein and Candace Carponter were “confident” that the Supreme Court would accept their appeal and save Brooklyn from the eeeeeeevil Rat. Shame on you people for doubting their sage prediction. After all, they have a long, long history of being correct on these things. Really.
You’ve got pretty pathetic friends 2:26
Yeah I’m a pitiful renter, but I have ZERO debt and certainly more than $500 in the bank. Why, because I live within my means – including moving to a ‘fringe’ area when rents went up.
Kinda sucks though that for the first time in my life I’m in a position to buy and its not even worth thinking about. I’ll continue to rent, save my money, enjoy my bigger space and think about buying a a couple of years when the stink has come off the bubble.
2:52 Dont waste a your time. Some people just cant shake the Serf mentality from thier system. It’s all genetics.
Brownstoner are you on crack? This is a one bedroom in a very mediocre location – $799,000 is still DRASTICALLY overpriced.
I don’t at all think my house is the best investment I will make. That’s why I told you I save a ton of money. I also contribute the maximum every year to my IRA and occasionally buy a few stocks.
My point was only to assuage the notion that all these brilliant renters who didn’t buy are sitting on a matress full of cash is a bit absurd.
And totally untrue.
And yes…my 20% downpayment in on my million dollar place is 190K more in assets than about 75% of this country.