Co-op of the Day: 110 Hicks Street, Reduced Again
It’s been a tough slog for the lower duplex at 110 Hicks Street. Since getting listed back in October for $2,400,000, the price of the brownstone two-bedroom has been reduced twice, most recently from $1,990,000 to $1,850,000. (It was listed as part of a larger combination last summer.) We suspect this is getting pretty close…
It’s been a tough slog for the lower duplex at 110 Hicks Street. Since getting listed back in October for $2,400,000, the price of the brownstone two-bedroom has been reduced twice, most recently from $1,990,000 to $1,850,000. (It was listed as part of a larger combination last summer.) We suspect this is getting pretty close to a market clearing price, given what a stand-alone townhouse in this part of Brooklyn Heights would run you. Think this most recent cut will get the deal done?
110 Hicks Street, Unit 1 [Douglas Elliman] GMAP
Co-op of the Day: 110 Hicks Street, Reduced [Brownstoner]
Co-op of the Day: ‘Spensive on Hicks [Brownstoner]
I’m with the previous poster who said that at this price and size, a full service cooperative building would probably be more to my liking. If you don’t get along with a neighbor in a larger building you can avoid dealing with them directly. In a co-op of this size you had better get along with everybody.
A thirty year old executive making a million a year would only live in sleepy Brooklyn Heights if his wife insists on it. If he is a bachelor or divorced, he wants to live in a jazzy highrise in Manhattan with pool and health club and “the works”. Why not? he can afford it.
I’ll be sure to post your comment 2:05 when a 2 bedroom in brooklyn heights sells for 1.85 million dollars in a few months.
Let all the people laugh at how absurd you are.
So had I priced this place at 4 million and slashed it to 3 million, it would still show substantial market weakness?
Not overpricing?
1:38 is in deep denial and is lashing out at posters who are making him feel insecure.
This property is slashing its ask price. I don’t see buyers fighting each other to buy it. It is, in a word, languishing. That is not to say the market is dead or that the bottom has fallen out, it says that the market is “weak” and I think that is irrefutable.
Might be a case of bad pricing advice and not a greedy seller.
“Another unit in the same building has also received a noteworthy haircut.”
How is that noteworthy? Most 1 bedroom I see in Brooklyn Heights are 500 or 600K.
How does a haircut from 785K to 700K (still WAY above what comps get) noteworthy?
Sounds to me that the only noteworthy thing is the greedy seller.
Smells like it was overpriced to me.
Where is a comp for a 2 bedroom in the heights for 2.4 million, 1:48?
Do you know the difference between severely overpriced and a weak market??
“weak market in prime brownstone brooklyn??”
Where? How about here? This very post. This place has been slashed from 2.4mm to 1.85mm. Another unit in the same building has also received a noteworthy haircut.
Smells like weakness to me.
bstoner doesn’t like it.