Condos of the Day: Price Cuts at 402 Pacific Street
The first month on the market was not a good one for 402 Pacific Street, the four-unit townhouse conversion in Boerum Hill. As a result, all four apartments have just had their asking prices trimmed an average of about five percent. The biggest unit, for example, was reduced from $1,250,000 to $1,150,000, a function, perhaps,…
The first month on the market was not a good one for 402 Pacific Street, the four-unit townhouse conversion in Boerum Hill. As a result, all four apartments have just had their asking prices trimmed an average of about five percent. The biggest unit, for example, was reduced from $1,250,000 to $1,150,000, a function, perhaps, of about a third of its square footage being located on the ground floor. By comparison, the cheapest unit (the second floor) came down just $30,000 to $895,000. The overall reno doesn’t really move us, but the windowed extension is a nice touch. These condo conversions seem like an increasingly tough sell to us as prices in larger new buildings only get more competitive.
402 Pacific Street [Streeteasy] GMAP P*Shark
402 Pacific Street Gut Job [Brownstoner]
2:00…yes you can but not a decent one on a decent block
1:42 no I am not a broker. But everyone on this board has gone over the edge. When something comes up EG: (Crime) there will be all this talk about how it has gone up. Meanwhile Crime is down to Levels that The greatest Police Minds can’t explain, but all the People that Rent will come out and Complain. If they are so sick of all this why would they stay ? just move to Florida, or Nebraska, or better Yet North Dakota great no? How about Polluted LA? As a Matter of Fact when you think of it there is no Better Place than NYC, now Is there? NA It’s NYC, London, Paris, Rome and that will all for now.
1:42 no I am not a broker. But everyone on this board has gone over the edge. When something comes up EG: (Crime) there will be all this talk about how it has gone up. Meanwhile Crime is down to Levels that The greatest Police Minds can’t explain, but all the People that Rent will come out and Complain. If they are so sick of all this why would they stay ? just move to Florida, or Nebraska, or better Yet North Dakota is great no? How about Polluted LA? As a Matter of Fact when you think of it there is no Better Place than NYC, now Is there? NA It’s NYC, London, Paris, Rome and that will all for now.
2 br 1 ba apartments around there rent for about $2300 a month. Carrying costs on this place are about $5000 a month. That’s absurd — twice as much to buy as to rent!! Needs to come down by at least 1/3 to make any sense.
2:02 then buy it ask. I double dare you. Or are you Yeller? 🙂
1:42… I personally rather live in a 4unit brownstone than a huge building…
I a mnot sure about the prices but it looks sweet…
I guess the real question is whether a basic parlor level floor through apartment (modest extension on the back) in Boerum Hill is really worth 965K. If it is, then all the other prices are more or less in line (cheaper as you go up the stairs, and more expensive for sole access to garden and basement).
BTW, the third of square footage for the most expensive unit appreas to be subterranean. not on the ground floor.
1:55 you can buy an entire brownstone in Bed Stuy for 700,00
Where’s RENTERS? Somewhere in Jersey?