Co-op of the Day: 47 Plaza Street West, #11B
This new listing at 47 Plaza Street West isn’t quite as huge or swanky as its 11th-floor neighbor (which appears to have sold very recently) but the two-bedroom, two-bath co-op is impressive nonetheless. The apartment has all the prewar touches that you’d expect from a Candela building. Probably the only nit we can come up…
This new listing at 47 Plaza Street West isn’t quite as huge or swanky as its 11th-floor neighbor (which appears to have sold very recently) but the two-bedroom, two-bath co-op is impressive nonetheless. The apartment has all the prewar touches that you’d expect from a Candela building. Probably the only nit we can come up with is that the second bedroom is on the small side (though you could close off the dining room and solve that problem). At $1,768, the maintenance isn’t low, but then again it’s a full-service building. The asking price is an even $1,000,000. Think it’ll fly? (Note: We’re removing the Pricing Widget until we can get a more sophisticated version built with predictive measures other than the average price, which 99 out of a 100 times dramatically understates the ultimate sales price.)
47 Plaza Street West [Corcoran] GMAP P*Shark
You want cheap housing, gotta go to the Rust Belt, Florida or the ravaged-by-the-housing-bubble Southwest.
If you consider the quality of life in Akron, Ohio comparable to that of NYC, then you are definitely in the wrong place.
“Benson, you should move to Canada. Almost the entire population is considered middle class there. Socialism at it’s finest.”
Resource rich country with a free economy and a small population = bound to be a winner! People like to think it’s something intrinsic to the social system, but I don’t think it is.
Still massive housing inflation in some cities here.
TO real estate is much more competitive than NYC, although still lower priced (by ‘competitive’ I mean lots of bidding wars, sales 10-15% over ask etc).
Vancouver is supposed to be the craziest.
11217, why don’t you just put us out of our misery and provide the link to whatever Wikipedia or encyclopedia you are skimming online for these pricing stats? Lots faster, no?
“Also, funny that obviously the renters wouldn’t want neighborhood to change because they wouldn’t want to get priced out BUT if they were apt/house owners, they would sing a different tune to see their neighborhood change and their investment skyrocket at the same time keeping a roof on their heads. ”
Kens, not everyone looks at a home as an investment. In my mind, a house is nothing more than a physical structure you like in a neighborhood in which you wish to live. IMO anyone buying a house looking forward to making big bucks off of it is a damned fool because NO ONE can predict what the market will do/look like when you go to sell.
Average price of home in London, England
411,000 pounds or
$640,688 USD
“Jeez, brownstone brooklyn has always been expensive relative to the row houses out in queens and bensonhurst”
DeLepp;
Not true. When I was growing up, areas like Carroll Gardens and Cobble Hill were not considered desirable (at that time, the whole area was just called South Brooklyn). Many folks in Bensonhurst originated from these areas (like my family) and at that time it was considered a “big step up”. My father had a friend who owned 5 homes in the vicinity of Smith Street and 3rd Street. Around 1970 he packed it up and moved to Florida. He practically had to give the homes away. Ah, how times change. Cities are dynamic places, always changing.
Biff;
I wasn’t calling for any type of program, just noting the current demographic trends in the city. As I said, things are always changing.
M4L, and my point isn’t that we’ve hit the limit. I don’t know enough about the market, etc to make that determination. What I am saying is that:
1. Just because someone pays the price doesn’t by default make it a good price or the ‘right’ price.
2. Just because 11217 seems to know an endless supply of people who can afford it doesn’t by default make it a good price or the ‘right’ price.
3. These prices spiral and affect surrounding neighborhoods and may have the eventual repercussion that the ‘average joe’ you keep talking about won’t be able to afford even Sheepshead Bay or ENY (no disrespect to either hood.)
4. Saying that one shouldn’t question home prices, even in so-called ‘tony’ parts of Brooklyn is utterly RIDICULOUS.
San Diego median home price: $379,000
New Haven, CT median home price: $436,000
Honolulu median home price: $621,000
Boulder, Colorado median home price: $335,800
Bridgeport/Stamford/Norwalk median home price: $348,100
Baltimore median home price: $248,300
quote:
Same old tune, every single time.
true, but at some point the masses are going to revolt.
VIVA LA REVOLUCION! (ok that was stupid)
*rob*