house
This house on 3rd Street between 7th and 8th Avenues is still showing up as a “New Listing” on the NY Times even though it closed yesterday! As it turns out, it’s been quite a long road for the sellers on this one. The house was first listed last April, and had an accepted offer quite quickly. Then the buyers backed out of the deal in July and the owners were back to square one. It’s been listed this go-round at $1.7 million but, in a dose of reality for current market-watchers, the number on the signed contract yesterday was $1.425 million. Sounds like a steal to us.
3rd Street Townhouse [Brown Harris Stevens] GMAP


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  1. As is your right, Anon 12:42. The funny thing we’ve been getting emails from people telling to stop being so NEGATIVE about the brownstone market. Guess it’s all in the eye of the beholder.

  2. Anon 12:36 is a perfect example of somebody who has fell under the “Brooklyn Real Estate Spell” that Brownstoner and his breathen have encouraged.

    Folks, unfortunately, 100 year old townhouses in still gentrifying areas that must be thouroughly renovated to make them suitable for modern living are not worth the huge sums of money you’ve been paying.

    I predict at least a 50% price correction in the next two years. What goes up 250% in 6 years can certainly go down 50% in two.

    I’m not player hating, Brownstoner. I love this site. I just don’t buy into the Ponzi Scheme that is the Brooklyn townhouse market.

  3. this is not indicative of the current market, which for townhouses is still very strong (especially in established nabes like park slope). sometimes a bit of luck and timing can fall upon a buyer when a seller is fed up and just wants to move on.

  4. If you look at what’s actually selling, this is par for the course.

    You folks are hypnotized by the hundreds of overpriced townhouses that are languishing on the market for months and months.

  5. Sold! Can we move on or are we running out of listings/properties that would make for a rather interesting forum here? The fare here has been rather lackluster for the past couple of weeks, indicative of the number of responses to the threads spun.

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