HOTD: BHS Cuts Again, This Time on Willow
Brown Harris brokers have really been trimming prices so much recently we wonder whether there was a firm-wide directive from above! The latest reduction is a beautiful house at 124 Willow Street, one of Brooklyn Heights’ best blocks. The sales pitch on this one is conversion back to a one family. The five-story house, though…
Brown Harris brokers have really been trimming prices so much recently we wonder whether there was a firm-wide directive from above! The latest reduction is a beautiful house at 124 Willow Street, one of Brooklyn Heights’ best blocks. The sales pitch on this one is conversion back to a one family. The five-story house, though vacant, is currently chopped up into six market-rate apartments. We’re curious to know more about the “soaring loft space” boasted about in the listing. Dig that ceiling. Has anyone been inside?
Willow Street: Convert Me! [Brown Harris Stevens] GMAP P*Shark
i agree with the desk sgt. why are you
in such a rush to pay these outlandish prices? oh i forgot you will be priced out forever, yeah ok, now you would you like to put an offer on a bridge for sale in brooklyn?
people just follow the herd and will off a cliff
they will go. you probably get stock tips from jim cramer too
there is a sucker born every day
8:12 Anon
If you check the last 50 years in the New York City real estate market, every downturn has turned out to be a buying opportunity. Anybody that knows New York knows that there will always be tremendous demand for real estate. In the long run it will eventually go up.
I remember the last time the buyers became nervous about pulling the trigger. People were selling left and right and you couldn’t get anybody to even look at your house. That was the six months after 9/11/01. (That turned out to be the biggest buying opportunity in the last 10 years.)
The fence sitters sat around asking “What happens when the dirty bomb goes off?” They are still renting today.
I don’t know about the rest of the country, but in NYC there are 5 potential buyers for every property on the market. Why buy??? What other choice do you have. Rent a 2 bedroom 1000 sq. foot apartment for $3800 per month.
Anybody up for asking Corcoran whether they’ve been given a directive to take their listings off the market for a while and then bring them back on in order to pretend they are new to market — sometimes at even higher prices, sometimes lower, sometimes the same. I guess it’s time for the big guns to get creative after they’ve been overpricing so long to get listings only to see them languish on the market to their sellers’ peril.
8:12, some of us asswipes like to act on the decisions we make, not sit on the sidelines waiting for the right moment.
I aggree with anon 2.45pm
According to Corcorans RentTrac program — the rental industry’s most
accurate rental point-of-sale tracking technology, which
measures national consumer rental spending based on actual
rental transactions — year-to-date (weeks ending 1/6/06 – 9/29/06)
rental revenues are $2.03 billion. Another $4.12 billion has been
generated by sublets alone.
Maybe people need to live somewhere.
I don’t get it: why are people still buying properties when they CLEARLY are dropping in value?.
At this point THERE IS NO DOUBT that we have a nationwide bubble that is either about to burst or at minimum slowly deflating, yet there seems to be no shortage of desperate asswipes willing to hock themselves silly by paying these outlandish prices.
condo glut a real possibility when all the brooklyn bridge park condos get built- 500 ish alone from one of three towers-that big beige monstrosity sold by J witnesseses. Up to 1400 condos in the park
As far as trimming prices goes. Over the preceeding 18-24 months I noticed that BHS properties, those in the Heights anyway, were priced under comparable properties listed with other major brokers and typically went into contract quicker than other higher priced comparables. BHS has also picked up more townhouse type clients than it previously had with some properties coming from other brokerages. While this movement from one brokerage to the next is typical it appears that BHS is now getting the bulk of townhouse property listings, usually at the expense of Corcoran. It is also my belief that BHS brokers are more realistic when it comes to advising clients on asking price. Current downward shift in asking prices, while owner driven, may have its basis in BHS philosphy and expertise. IMO.