HOTD: A Little "Rock Lobster" at 202 Clermont
“Down, down, down…” The latest $150,000 price cut at 202 Clermont brings the total reduction over the last six months to a whopping $500,000. The house started at $2.2 million last Summer, was dropped to $2 million in October, was cut again to $1.85 million in December and now is listed $1.699 million. We went…
“Down, down, down…” The latest $150,000 price cut at 202 Clermont brings the total reduction over the last six months to a whopping $500,000. The house started at $2.2 million last Summer, was dropped to $2 million in October, was cut again to $1.85 million in December and now is listed $1.699 million. We went back to try to figure out why this thing wasn’t selling and, lo and behold, realized that this is the same house whose overly glossy makeover we criticized last week. At that point, we hadn’t put 2 and 2 together to realize that this was listed at Brooklyn Properties as well as Douglas Elliman. No need to rehash our aesthetic criticisms here but the reductions certainly do suggest that the market in this area craves authenticity.
WEB# 723400 [Prudential Douglas Elliman] GMAP
Hey Thanks to all that debated my opinion. I really mean it, I have met many a snob since working in Park Slope and surrounding areas. I sometimes think that people are not looking at things the right way. I am only here to sell the property and at the current I am trying to sell this property, I am not feeding the owner any b.s about how great his renovations are. I think that are nice, but at the same I am an honest person who is going to stand -up for the property I am trying to sell. I am not trying look cool or be some tacky dinner conversation. I also am sure that the people on here do buy brownstones and probably sell them too. I also believe that you brownstoners would jump at the opportunity to make 200,000 dollars more than market value. If you did not than I would say you are not normal. If don’t get than you lower the price like most people do. As far me announcing who I am, I’ll be the real man on here. My name is Brian I work for Brenton Realty. If u want a company and an agent who is going to work hard, tell you the truth, and do the right thing…contact my company. I think this is a positive site with intelligent people and I look forward to further debates. Also remember you don’t know peoples circumstances. Whether rich or poor we do what can with whatever tools we have. Enjoy
BMG
P.S.
Sorry about the poor grammar.. I only went to public school and city college.
i agree with the realtor, there are a lot of brownstone snobs here. a prior poster here says “people here aren’t rich and elitist”. well if their buying in park slope or fort green in the near future they better become rich soon. between the price and possible renovations your looking at 2 million plus. if they already own here they may have bought years ago and are now”brownstone millionaires.” its easy to afford all your renovations when you have a small or no mortgage. nobody here is saying you can’t say the house isn’t overpriced but i do feel a lot of you brownstoner owners were lucky to get in when you did and look down upon us who didn’t. please don’t post the obligatory posts of how i’m jealous etc. because i am. but that doesn’t make some of you not snooty.
1. realize
2. Sometimes it pays to go slowly with the renovation than to do a crappy job if you are not dripping in cash, as is our case. (unless you are flipping it, then you don’t give a damn)
3. I still think the house is overpriced.
To the realtor. It may come as a surprise to you, but people who read this site actually buy brownstones. I’m not sure you are serving your client by telling us we’re this or that.
Please post your name so we can besmirch it at our club.
I visited the place this weekend. They did a real rush job on this place trying to do a quick flip- the detail work is terrible Here is the PShark link http://www.propertyshark.com/mason/Reports/showsection.html?propkey=180910
While the reno isn’t to my taste (too glossy), it really ain’t bad — and better than many I’ve seen. Although I haven’t seen it in the flesh, there appears to be masses of detail in the place. The current price seems much more appropriate but in the strange psychology of RE, they may have blown it by starting out too high. I wonder too whether a brand-spanking-new reno that buyers don’t groove to is actually more of a libability than a slightly tired, shop-worn look that at least gives buyers the idea that they could put their own stamp on a place?
I agree with anon at 4:33– it *is* a nice property, it just wasn’t renovated that well. But a buyer with good taste could make it look great again, easily.
But what about the 80 condo units that BMG mentioned? Where are they going to go?
I don’t understand what BMG’s point is. Is he/she saying that we shouldn’t knock the seller’s attempts at renovation because they didn’t have enough money? In this particular case, I believe the seller made some bad design decisions and then turned around and asked for way too much money.That’s all.
It is a misconception that people on this site are rich and elitist. However, yes, we are snobs if that means we turn up our nose at a cheap looking home depot renovation for the quick flip. It’s insulting to buyers and it’s insulting to your neighbors.
This is a nice property. The reno just wasn’t done very well and it’s obvious from the price that the seller thinks it was and the stupid realtors let him keep thinking that for a while and ultimately wasted everyone’s time.
Manners, manners! We’re assuming that was the Brooklyn Properties broker expressing his (her?) loving sentiments for the Brownstoner community–the Elliman broker’s initials are M.E.
As for not having bottomless pockets, we betcha we spent a lot less than the flipper of this house renovating ours.