House of the Day: Price Cut at 202 Clermont
We just heard that Douglas Elliman has cut the price at 202 Clermont by $150,000, so even though the website still says $2 million, brokers are saying it can be yours for $1.85 million. Of course, the person who tipped us off still thinks the place is overpriced: “202 Clermont is that narrow, developers’ reno…
We just heard that Douglas Elliman has cut the price at 202 Clermont by $150,000, so even though the website still says $2 million, brokers are saying it can be yours for $1.85 million. Of course, the person who tipped us off still thinks the place is overpriced: “202 Clermont is that narrow, developers’ reno job that’s been collecting cobwebs. On the day that I saw it, the “brand new” roof was leaking.” Ouch. Do we hear $1.7 million? How about $1.6 million?
WEB# 723400 [Prudential Douglas Elliman] GMAP
Not hating, just my thoughts and I bought a long time ago.
Now, how you figure that 3.5mm is the current estimate for Park Slope. There are exactly 0 homes listed (for sale on in contract) on corcoran for that price.
But I’ll just give you this one as an example:
http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=681885
$1.85mm for a nice house on 3rd St btw 7thand 8th. Great block, great location, big house, great schools. Sold for about 150k under listing, could use the 150k to upgrade
Is FG worth that much more than PS?
Iac —
I don’t think houses in Park Slope are going for $3.5 million. Maybe there are a few very special places on park blocks like Montgomery for that much, but from $1.5m – $2m appears to be the average for a 4-story for most of the Center Slope.
I’m not going to posit a relationship between FG and PS, I dunno what the “correct” percentage should be.
Anon 3:16,
Are you just hatin’ because you cant afford to buy, or do you have so sort of way to quantify your price valuations.
How, much do prices in FG have to drop in order to be fairly priced?
If the Park Slope are the standard, what percentage of the Slope prices should FG be. What percentage of the Slope prices should PH be.
Current estimates,
Park Slope- $3.5MM
FG- $2.1MM, 60% of Park Slope
PH- $1.6MM, 45& of Park Slope
Ft Greene is also overpriced.
Not disputing your theory, but this technically is Fort Greene…
I think this is the beginning of the end for Clinton Hill and area. Not so much “the end”, but a weakening in prices. Prices in areas like Clinton Hill have gone far too high in the last year or so. Listed at 2.2? You can look at things in Brooklyn Heights for 2.2 and while you may prefer Clinton Hill to the Heights, the prices are out of whack. I think this is how this market collapses: the recent run-ups in the most newly gentrified areas will get hit and the rest will not.
Website sez 1.85m now
F’ing beautiful…
dont forget that this was 2.2MM when it 1st came on the market…i went to the 1st open house 3months ago (?)…totally overpriced then and now…narrow+home depot materials throughout…this is a great lesson in pricing in this market (or any market) if you’re too high to start you lose momentum and then noone want sto step up and catch the falling knife…
p.s. i live around the corner and have vested interest in this going at a good price but the starting place was completely off market