Condos of the Day: 145 Halsey Street
According to the marketing verbiage, 145 Halsey Street was built in 1892 by someone named P.F. Emmett. It’s now being reborn as a four-unit condo after undergoing an extensive renovation that restored much of the house’s original detail while updating its systems. There was an open house for the downstairs apartment on Sunday. Asking price:…
According to the marketing verbiage, 145 Halsey Street was built in 1892 by someone named P.F. Emmett. It’s now being reborn as a four-unit condo after undergoing an extensive renovation that restored much of the house’s original detail while updating its systems. There was an open house for the downstairs apartment on Sunday. Asking price: $425,000. A second unit will be ready for viewing in time for the two open houses this weekend. Anyone check it out yet?
145 Halsey Street [NY Times] GMAP P*Shark
The What: Don’t you see the irony in trying to lecture us when you can’t construct a sentence? It’s not too late: GET AN EDUCATION. Then maybe we can talk.
Bed-Stuy is not marginal. Go back to your bubble.
Sorry, but Bed-Stuy is still marginal, or, “in transition” if you will. It’s just the truth. That’s why you can still get townhouses for $700K or less. Cut the bullshit already–it is what it is.
Sorry everyone but I can’t resist.
Here’s some proof What: Safeharbor fund. I bet you don’t know what that reference is to, but it’s an old term Prudent Bear term.
Here’s some more proof, the site is no longer able to post the market prices of their mutual funds like they used to years ago because of some weird SEC rule.
You really need to chill. You attract more bees with honey than vinegar.
I am the one who said the area is marginal. I lived here (near Tomkins Park) in 2000-2001. I paid $950/month for a beautifully renovated parlour floor-through. I can accept that the same apartment might now rent for $2K. I have a hard time accepting that it would cost twice that monthly (at least) to buy it. Like I said, I’m not trying to be mean — just realistic.
Bubbleheads: Marginal is not polite, it is inaccurate. You don’t know the neighborhood.
The What is a mental case.
It is meaningless to analyze the DOW or any other stock index in nominal dollars.
We’ve had rampant inflation since the 2000 highs, although the big expenses consumers face are marginalized in the CPI calculation (ie housing, fuel, taxes).
Even if you use the government’s BS numbers, the DOW is still a ways off the 2000 highs when analyzed on a real dollar rate. It’s not 6% down, it’s more like 15-20% down. That’s hardly a “recovery” from what was the largest loss of stock market value since the Great Depression.
I do agree though, this developer missed the boat. Marginal areas are a bad news for condos. Anyone who buys one of these units is going to be stuck for a very long time.
Amy…you are my inspiration! Just purchased a four story in Crown Heights. My husband and I were not sure which route to take. But, now we are convinced to convert our floor throughs. Can you share your contractor, Attorney for conversion, and other experience with us. We are from europe and need a little help navigating through the system. (MrWalker2u@aol.com)
Ok Brooklynnative, I’m going to explain this to you one more time. IF credit is contracted our economy is FUCKED. Debt is the way we create money! GOT IT! IF banks don’t lend money we will have DEFLATION! This will have a effect on ASSET prices. Right now we are going thru a CREDIT crunch and NO rate cut will save us. WE ARE FUCKED. And I don’t buy that bullshit (you read prudent bear).
The What
Someday this war is gonna end…..