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]
Whats wrong with recessed lighting?
nope, no vested interest.
i honestly think 1:15 doesn’t know what he or she is talking about.
weak market in prime brownstone brooklyn??
where?
saw a 250K over bid on park slope house last week. i see about 5 houses on the market at all in park slope. i see nothing on the market in brooklyn heights.
and i’m about to see a 2 bedroom duplex sell for 1.8 million.
we have VERY different ideas of what a weak market is apparently.
Monthly cost calculation should also consider that mortgage amount capped at $1.1M as that is deductibility limit. The underlying building mortgage and real estate taxes are in the common charge, typically (~45%). This amount is also deducted from owner taxable income.
People who throw the term ‘wall streeter’ around as a general slag against the rich don’t know a lot- Wall street is residential now. The people who live there are mostly lawyers and doctors. People who could be described as ‘wall streeters’ by profession are mostly middle of the rung in terms of pay for financial services. most are middle and back office. many make way below 100k or barely above, and they live in NJ, Bay Ridge, LI etc…
1:26…everyone on brownstoner says no one wants to live in park slope.
I think you have to facxtor in the tax shelter from the mortgage interest deduction when calculating the monhtly cost.
Speaking of Wall Street: “Lehman Brothers is planning to cut about 200 jobs, or 10% of its workforce, CNBC reported Thursday. Merrill Lynch & Co. is also planning another round of jobs cuts, the business channel reported.”
Nope–that 30 year old can take his/her $1.85 and buy an apartment in a full-service building, maybe even that fancy Park Slope co-op on the park.
1:19–your aggressiveness is indicative of your vested interest in this property. And no, I’m not 1:15.
The upstairs 1BR also got a price chop from 795k to 700k.