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]
9 to brown? 5 to yale? 6 to U of Chi? Not bad.
The flippers of this apartment are not interested by the graduates of St Anne’s matriculation.
They are lost in their own delusions and it is unlikely their children would be admitted to St Anne’s.
I think the public grade school is very good in brooklyn heights
I’m impressed by the young ruling class. Not a single Medgar Evers, Kingsborough Community or Brooklyn College, not a single city college. I wonder how many neighborhood kids hang out on the stoop with the private school kids after the play dates.
Dude get real this market is dead over over over. unit is worth less than what you bought it for.
There are certainly good private schools out there. (And for the price, they better be good).
But two points: Take with a grain of salt the college admissions. These same private school carefully cull unwanted students. Children are not admitted without high scores, and quite a few private schools will “encourage” families to withdraw children who are not performing up to snuff, lest those students hurt the college admittance stats. And the private schools that buck this Darwinian system–Brooklyn Friends is a fine school that comes to mind–often take criticism from prospective parents for the (relative) lack of Ivy League admissions.
I’d argue that if you focused on kids from the same socio-economic background in public schools public, you’d see a not dissimilar and impressive list of admittances.
For the record, below is the college acceptance list for St. Anne’s:
Members of the Class of 2006 have been
invited to attend the following colleges:
Alfred University
1 Maryland Institute College of Art
3
Allegheny
1 Middlebury
4
American University
2 Mills College
1
Amherst College
3 Mount Holyoke
2
Arizona State University
1 Muhlenberg
1
Art Institute of Chicago
1 New York University
4
Bard
18 Northeastern University
2
Barnard
3 Northwestern
4
Bates
3 Oberlin
13
Bennington
2 Occidental
2
Boston College
2 Pitzer
1
Boston University
9 Pomona
2
Bowdoin
2 Princeton
4
Brandeis
5 Quinnipiac University
1
Brown
9 Randolph-Macon Woman’s College
1
Bryn Mawr
1 Reed
1
Bucknell
1 Rice
1
CUNY-John Jay College
1 SUNY – Albany
2
California College of the Arts
2 SUNY – Binghamton
1
Carleton
2 SUNY – Purchase
4
Carnegie Mellon
2 SUNY – Stonybrook
1
Clark
2 San Francisco Art Institute
1
Colby
1 Sarah Lawrence
5
Colgate
7 School of Visual Arts
1
College of Santa Fe
1 Skidmore
9
Columbia
2 Smith
2
Connecticut College
4 Spelman
1
Cooper Union
2 Stanford
2
Cornell
5 Syracuse
3
Dartmouth
8 Trinity College
2
Drew
1 Tufts
3
Duke
2 Univ. of Arizona
2
Elon University
1 Univ. of Chicago
6
Emerson
1 Univ. of Delaware
2
Emory
1 Univ. of Massachusetts-Amherst
3
Eugene Lang/New School
1 Univ. of Miami
1
Evergreen
1 Univ. of Michigan
4
Franklin & Marshall
2 Univ. of Minnesota
1
Franklin Pierce
1 Univ. of New Hampshire
1
George Washington Univ.
2 Univ. of North Carolina – Chapel Hill
1
Georgetown
2 Univ. of Pennsylvania
2
Goucher College
3 Univ. of Rhode Island
1
Hamilton
4 Univ. of Rochester
2
Hampshire
3 Univ. of Southern California
2
Hartwick
2 Univ. of Texas – Austin
1
Harvard
1 Univ. of Vermont
8
Haverford
1 Univ. of Virginia
1
Hofstra
2 Univ. of Wisconsin
8
Hollins
1 Utica College
1
Indiana University
3 Vanderbilt
2
Ithaca College
4 Vassar
6
Johns Hopkins
6 Wesleyan
10
Juniata College
1 Wheaton College
6
Kenyon
9 Whittier
4
Lawrence
1 William & Mary
1
Lewis & Clark
2 Williams
1
Macalaster College
2 Yale
5
Manhattanville
1
they don’t rank kids at st anns. just FYI
i agree
although i am not yet a parent, it seems rather odd for one to spend more than what some good colleges charge, on an elitist private school.
I attended Catholic school as I child in NYC (I have no religious attachments to any group) and although it wasn’t free…it wasn’t as expensive as these schools today.
I’ve heard stories of kids at St Anne’s in the heights finishing maybe third in their graduating class, only to be rejected by Harvard! (supposedly they “reserve” 2 seats a year for St Anne’s).
Although I’m not a parent, I don’t think I would want my kids to grow up without a mix of students in their schools (diverse in every aspect), so that they won’t flip out when they become adults in my melting pot nabe, city i love, and the world in general.