Co-op of the Day: 63 Cranberry Street, Parlor Floor
What a difference a financial crisis makes! This floor-through two-bedroom at 63 Cranberry Street in Brooklyn Heights started its listing life less than three weeks ago at an asking price of $1,250,000. Last week that number was cut to $1,150,000 and this week it got another chop down to $1,050,000. Given that it has only…
What a difference a financial crisis makes! This floor-through two-bedroom at 63 Cranberry Street in Brooklyn Heights started its listing life less than three weeks ago at an asking price of $1,250,000. Last week that number was cut to $1,150,000 and this week it got another chop down to $1,050,000. Given that it has only 900 square feet of interior space, the second bedroom is tiny and the kitchen is not dressed to impress, it had no business at its original asking price. It does have location on its side, as well as a 400-square-foot garden. Our favorite room in the house is this dining room, whose beautiful, large windows give it a nice old-school vibe; the living room could probably benefit from a little styling for the purposes of listing.
63 Cranberry Street [Corcoran] GMAP P*Shark
I am sure they can be reasonable – but here’s one story: Corcoran recommended to my friends an asking price that was way too high – my friends were innocent of the market and really had no idea what they should be asking, only that they needed it sold quickly as they had bought something else which they made clear to Corcoran. It finally sold 7 months later for about $400,000 less than asking. A price they were perfectly happy with since they still made a nice profit.
I am sure I will castigated for this comment, but I must say that to blame all Corcoran brokers for the exaggerations of some is not fair. I recently sold my coop with Corcoran. At the outset I made it clear to them that the asking price had to be reasonable. Having read this board for so long I had a good idea of what the “market” would bear for my apt and they priced it like that. Then they took awesome photos, helped my wife and I stage the apt to maximum effect, and marketed the hell out of it. We accepted an offer after two weeks on the market. I also like these two women very much personally so for me, its a stretch to say refer to Corcoran as a monolithic evil organization. They have the best market reach and if you find brokers you like that are responsive to your desires I suspect that they will have the most luck at selling any given property.
All that being said, this is clearly a ridiculous asking price.
As most brownstones are essentially the same, my previous apartment was a parlor level exactly like this (slightly different room configuration) and can attest that it does indeed clock in at 700 sf.
but the backyard is a nice feature
I think you people especially HOBOKENROCKS suburbian boy who is bored out of his mind in New Jersey that is wishing he could move to NYC are nothing but .
CLOWNS
What’s she smokin?? I hope she brings some to the October 16th party.
Ringo I agree – was so much better when it was anonymous – there has been a real drop off in quality fisticuffs.
I am going to be able to get this at 250 k next year. Well at least I hope. Though I am ready to offer 700 k for a one family in the Heights.
looks like the seller is the broker, no?
(finally logging in — but I liked it better before brownstoner!)
I love this location, but that second bedroom is not workable.
Are agents from Corcoran really mouth breathing morons, 800K and some loose change if they are lucky.