Head-to-Head in Crown Heights
These two houses have a lot in common: same nabe, same broker and they’ve both had price cuts in the last week. The house on the left, 586 Park Place, was cut from $1,150,000 to $995,000 while the house on the right, 1252 Dean Street (which was a HOTD in July) was cut from $1,100,000…
These two houses have a lot in common: same nabe, same broker and they’ve both had price cuts in the last week. The house on the left, 586 Park Place, was cut from $1,150,000 to $995,000 while the house on the right, 1252 Dean Street (which was a HOTD in July) was cut from $1,100,000 to $990,000. Viewed side by side, the Dean Street house looks a lot better to us, but it is a good deal smaller. What’s a better bang for the buck or are they both still overpriced?
586 Park Place [Corcoran] GMAP P*Shark
1252 Dean Street [Corcoran] GMAP P*Shark Archive!
Love the bombay tv link about moving to PLG that anonymous posted above! Thanks for that.
I don’t know about 700K. If the house is pristine it WILL sell in the high 870 – 950. There was a beautiful one family on Sterling between Franklin and BEdford that just sold for $910,000. It was on the market for awhile but the owner held fast on his asking price of $900
I think the proper price range for these houses to seel now is $700-780K. Houses appear to appeal to different buyers, each has its unique qualities. Neighborhoods are up and coming, but a potential recession could mean a long wait before the area makes it. Remember long before the recent market increase, crown heights was at times considered up and coming, and for some reason, even with the recent craze, it still has not made it. In the new market, I would move slowly here.
These houses are still too high for the neighborhood, IMHO.
Nevertheless the house on dean is lovely, that block has to be the best in NCH. But if I had the money I would go with Park Pl. Since I’m not at the single-family stage in life yet, I want an investment where I can live and pull in rental income. Just drop the price already; NCH is still up and coming not arrived and stable.
Dean St. house is lovely though.
Think tenants at Park could be potential dealbreaker?
seems to me these houses are pitched to very different types of buyers. i mean, sure, somebody with enough dough to buy the 1-family house could also afford the park pl house, but why would they? to be sure, i couldn’t afford either, not by a longshot!
bring it down to 500K and call me first.
“The National Association of Realtors may report on Sept. 25 a decline in existing home sales for the fifth straight month, says David Lereah, the group’s chief economist. ‘For the next couple of months, we’re probably looking at between zero to a five percent drop in prices,’ Lereah says. ‘The only way for home sales to come back, and for inventories to start to diminish, is for sellers to start to bring prices down.’â€