Foreclosure Pressure at 14 Fort Greene Place?
The asking price of 14 Fort Greene Place, recently cut from $1,469,000 to $1,399,000, may get a lot cheaper a lot faster, if a tipster we heard from is on the mark. According to someone who lives on the block, the owner was just served with foreclosure papers this week for a $910,000 mortgage that…
The asking price of 14 Fort Greene Place, recently cut from $1,469,000 to $1,399,000, may get a lot cheaper a lot faster, if a tipster we heard from is on the mark. According to someone who lives on the block, the owner was just served with foreclosure papers this week for a $910,000 mortgage that was taken out on the property in 2006. If that is indeed the case, the seller, who’s been trying to dump the place since last summer, might be what real estate agents like to refer to as “motivated” at this weekend’s open house, which, in case you’re interested, takes place on Sunday from 1:30 to 2:30.
14 Fort Greene Place [Corcoran] GMAP P*Shark
there are two separate issues here people. the guy has leveraged himself with a 900k mortgage to buy another property. the place looks vacant other than the garden apt with stabilized tenant. now he can’t float both. but do we think resale of this should be lower… not because of his risk of foreclosure… but more importantly because it’s neighboring both brooklyn tech h.s. and the hospital? does the influx of 4,500 teenagers each day affect the price? and what about ambulances screaming past all night. at what cost is that discount?
anyone live on ft greene place? are you affected?
thoughts?
It’s public information, get over it. You are just shooting the messenger: brownstoner. Maybe those of you complaining are homeowners who are getting nervy that prices in the nabe are flattening and starting to go down. Boo hoo. Don’t worry, may a celeb will come along and buy it up.
If the seller is not in a bad spot he will hold for a better price, if he is in a bad spot he will take the best offer. The market will find the price and the truth will come forth in the price that it closes.
the downstairs apt is rent stabilized at $400/month. they seemed like nice people living there. i would be constantly worrying about them, as one of them was very old and ill when we went to the openhouse a month ago. i’d also feel bad about all the noise from the renovation. they’re really quite elderly.
Hey neighbor! (3:05 commenter)
I’ve always wondered what the deal was with the people living downstairs. Seems like the old guy is pretty cool – he practically RUNS Fort Greene Place. I see him taking care of trash in front of a different brownstone every morning it seems.
I live here. What’s the over / under on me getting my deposit?
if this weren’t true, don’t you think the broker would have let the stoner know by now
people. it looks like the seller her/himself is not a complete innocent here. had almost NO mortgage and took out over 900k?? now can’t pay that. own fault. geez.
Oh yeah (1:29 here), I forgot about the tenant issue.
A trend grows in prime brownstone Brooklyn.