16LincolnPlace1207.jpg
The asking price on this third-floor 2 1/2 bedroom co-op at 16 Lincoln Place in Park Slope was just trimmed from $615,000 to $599,000. The apartment next door, which is of a similar size but probably not identical layout, sold for $615,000 back in September of 2006 so this has to be in the right ballpark. The apartment is pretty non-descript, though we suspect most potential buyers will at least think about tweaking the bathroom and kitchen. The maintenance is a reasonable $611 per month. We suspect a deal will get done pretty quickly at the new price. Agree?
16 Lincoln Place [Corcoran] GMAP


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  1. close, 5:11.

    try 35%.

    90 and 35 are close though.

    you all need to read about your city a little more. even a hit of the wikipedia entry for new york city would give you all a HUGE education on what goes on in this city outside your own little world.

  2. i don’t care if this place is priced right or not.

    it’s too damn small for a family.

    PS isn’t worth it.

    find a more suitable family sized apt some where were you’ll stay because you won’t feel like killing the people you live with.

    yuck.

  3. “It used to be that the automotive industry was the chief economic engine of this country. Things evolve and change.”

    Yep, Detroit evolved oh so well.

    Wall Street may employ 10% of the city but it drives a far larger part of the economy. And are your “wall Street” figures counting all the rest of the financial services industry?

  4. I prefer to keep a more rational view on things than you do, 5:00.

    If home prices depreciate 15% (which is said to be the worst case scenario) we will all be better off for it.

    To suggest the tip of the iceberg, means somehow that is a negative thing.

    I disagree with you.

    What is happening now is necessary and will bring us back to a more stabilized market without so much frenzy.

    For now, I’m in the city I love in an apartment I own and love and have no intention of moving. I welcome a correction in the market. Maybe that means one day I’ll be able to upgrade if I ever feel it necessary.

  5. 4:51…

    The creative industries, tourism, advertising, higher education and finance will continue to be the economic engine of this city. I’m guessing New York’s attempts to lead the green revolution in this country will also contribute enormously to the economics of the city as we move forward.

    Wall Street makes up less than 10% of the workforce in NYC.

    Economic engines change over time. It used to be that the automotive industry was the chief economic engine of this country. Things evolve and change.

    Saying that Finance will rule the world indefinitely is very short-sighted.

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