Co-op of the Day: 467 Pacific Street
Today’s Co-op of the Day at 467 Pacific Street in Boerum Hill is a FOB listing as opposed to an FSBO listing. (For those scratching their heads, that would translate as Friend of Brownstoner as opposed to For Sale By Owner.) Because of the personal connection, we’ll recuse ourselves from making any qualitative judgements and…
Today’s Co-op of the Day at 467 Pacific Street in Boerum Hill is a FOB listing as opposed to an FSBO listing. (For those scratching their heads, that would translate as Friend of Brownstoner as opposed to For Sale By Owner.) Because of the personal connection, we’ll recuse ourselves from making any qualitative judgements and leave that to the crowd. Here are the basic stats though: Convertible two-bedroom, 700 square feet, $636 maintenance, $459,000 asking price. Think they’ll get their price?
467 Pacific Street [Douglas Elliman] GMAP P*Shark
“$650 is “alot”? Are you on acid? Comps in this neighborhood are double that and will be 3-4x that in a few years”
You’re the one on acid if you think prices are going to be $1950-$2500 psf in a few years. If that were going to be the case every hedge fund, bank, and private investor in NY would be buying every property in that area that comes up for sale and price wars would be insane. Do you see that? No. Didn’t think so. You will be lucky to get this same price over the next decade, so better buy to live in a be happy with it. The days of 4x your money within 5-10 years are so over. Don’t you even watch the news?
It’s on the third floor, and it’s not a convertible — that french door is original. It’s just a small apartment.
“I just went to the Douglas Elliman website to check out this listing. There are more pictures on the site — new bathroom looks nice”
you must have looked at the wrong listing. no bathroom photos.
Brownstoner obviously believes that all publicity is good publicity. And who know, he could be right, though I doubt it.
This is not Park Slope – so comps don’t apply.
I just went to the Douglas Elliman website to check out this listing. There are more pictures on the site — new bathroom looks nice
$650 is “alot”? Are you on acid? Comps in this neighborhood are double that and will be 3-4x that in a few years.
‘Stoner, the way to “recuse” yourself is to avoid shilling for your friends’ places in the first place.
Just choose house/coop of the day on the merits, not on your personal connnection.
$650 SQ. FT. seems alot for this area.