It seems to us that much of the anecdotal evidence for a cooling townhouse market has come on the lower half of the spectrum, though that could be more of a function of us paying more attention to the sub-$2 million homes. Anyway, if anyone thought that the higher-end props were immune, think again: This price on this house at 535 1st Street in Park Slope has just gotten an almost 15% percent haircut from the stylists over at Corcoran. Located just off 8th Avenue, the 4,500-square-foot Beaux Arts mansion’s got seven bedrooms and architectural details out the wazoo. We can’t recall how long this has been on the market, but it shows that wealthier buyers (for Brooklyn, anyway) are being more choosey.
535 1st Street [Corcoran] GMAP P*Shark


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  1. for you Yente, I’ll put my neck on the line and repeat my post registration risque commentary that was so rudely deleted (without explanation I might add) can you tell I’m not happy about this?
    I said “wasn’t this the HOTD before? I recall seeing it before.” or something similar to which MrLomez responded about the HOTD that I was referring to which sparked the I-Banker convo. maybe it was a mistake, maybe they just didn’t like what I said, whatever the reason I feel like there is a small obligation to readers and commenters who are obviously valued because if they weren’t it wouldn’t be a big deal that people weren’t commenting as much after registration was implemented. if it was a mistake, thats fine but admit to the mistake if it weren’t just say that and I’ll make sure to avoid what it was that made my comment so offensive because I don’t appreciate taking the time to input my opinion on this site only to be removed as if I were sparking up controversy. if people can’t be comfortable offering their legitimate input here then what’s the point of the comment option anyway?

  2. OE–I’m no Luddite. I just think people have become way too reliant on letting their computer do their thinking for them. I’m not against technology…just people devaluing the English language.

  3. “Why do these brokers from Corcoran take listings like this and promise their clients the sky?”

    In my experience that’s how they get their listings. At least at the Park Slope office. Offer way over market value to beat out the other agencies and get the listing.

  4. This house was overpriced the day it came on and is still so.. Why do these brokers from Corcoran take listings like this and promise their clients the sky? How about it Buchman and Neinast?

  5. Doesn’t exaclty sound like a real estate depression when Price works out to $688 psf which doesn’t exactly sound like. When I bought in 2003, I paid about $400 psf for a smaller lower quality house. Pretty small slice of the market looking for a 1 family houses at $3.0+ million. Monthly cost in the unlikley event the purchase was financed (80%) would be about $17-18K.

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