Price Jacker: Going For The 40% Flip In The Slope
Back in the April, a reader made a comment in reference to a 3-bedroom co-op on Prospect Park West that was on the market for $845,000 through Brooklyn Properties. The commenter noted that the 1,400-square-foot 3-bedroom sparked a bidding war that most likely resulted in a price above ask. The apartment was #1L at 170…
Back in the April, a reader made a comment in reference to a 3-bedroom co-op on Prospect Park West that was on the market for $845,000 through Brooklyn Properties. The commenter noted that the 1,400-square-foot 3-bedroom sparked a bidding war that most likely resulted in a price above ask. The apartment was #1L at 170 Prospect Park West and, according to Property Shark, it closed for $885,000 in June. Now the owners have put it back on the market for, hold on to your hats, $1.25 million. Talk about going fishing! A 40% hike in less than six months in a declining market. It’s a lovely (really lovely) apartment to be sure but our tipster (who, for all we know is a jealous neighbor) points out that it is on the ground floor right next to a bus stop. If they can get close to this asking price it’ll certainly be a vote of confidence in the market!
FSBO: 170 PPW #1L [NY Times] GMAP P*Shark
Open House Picks: Comment 4/7/06, 09:15 pm [Brownstoner]
i saw the place. the bedroom is fine as a bedroom, the place has great features, and it has plenty of light. Everyone talking about st ann’s and how the layout is weird, go to hell
I saw that place when it was on the market for 845k. It’s really a 2br apt (small br’s at that) with a dining room that is used as a 3rd br. What constitutes a bedroom these days? Any room that could possibly fit a bed? Oh the days when 4 walls and closets were to be expected. Anyway, the kithen needed to be fixed up and one of the bathrooms (the one off the kitchen) was really weird. $1.25 million is just crazy!
The heck with the building on PPW; I am much more interested in the St. Ann’s tangent. Let’s have some variety.
I am in no way underwhelmed by the list of college destinations for the St. Ann’s class of 2006. These are only “safety” schools for snobs who can only name ten “good” colleges in America. Some of these are the finest liberal arts colleges in the country. I think it is possible to infer a lot of positive things about the curriculum/staff at St. Ann’s from this list.
No college or university “reserves” two (or however many) places for a specific high school. But many do limit how many students it will take from the kind of high schools where 10-15% of the graduating class meet the qualifications. At my small, highly competitive public high school, 1-3 students each year went to Harvard, Yale, Columbia, Brown, etc. My brother graduated second in his class, but without a lot of extra-curricular activities, and was not accepted at any of these. Had to settle for an Ivy as a “legacy,” the child of an alum’. It’s not what school you go to, it’s what you do with the opportunity once you are there.
I wasn’t knocking it. I just find it amazing that people are ready to judge without knowledge. I am sure Wichita is a really nice place. I am equally sure that many who are now Brooklyn denizens are from other parts where life is much more homogeneous than the place they now find themselves.
Whats the matte with Kansas?
hey bill, don’t knock wichita, ks. some of my best friends are from there.
Man there are a lot of elitists here who are concerned about OPM. If this unit sells near the asking or even a bit below,isn’t that a good thing for Brooklyn RE values? The market may have slowed a bit, but to be rooting for it to slip further is deranged.
And, complaining/comparing about public vs private and the colleges these kids attend is ridiculously puerile. I’ll bet most of these posts are made by people who grew up in someplace like Wichita, KS. What do you know about street life in NYC?
For the record: Saint Ann’s does not have class rank. There are no grades given, so class ranking is not possible. Harvard does not “reserve” any places for Saint Ann’s students. Saint Ann’s, as of 2004, had the highest percentage of its senior class admitted to Ivy League of any private school in the US, according to a study by the WALL STREET JOURNAL. It is also less expensive than the other “elite” private schools in NYC, including Packer and Poly Prep (but it is still expensive, over $20K).
Is it supposed to be difficult to get into Brown? You’ve got to be kidding.