House of the Day: 38 Berkeley Place
When we see this pristine, 4,000-square-foot brownstone on Berkely Place priced for $2,195,000 it makes us worry for some of the houses in other nabes like Fort Greene or Carroll Gardens that are trying to get the same price. Before everyone goes all nutso on us, Yes, we realize not everyone wants to live in…
When we see this pristine, 4,000-square-foot brownstone on Berkely Place priced for $2,195,000 it makes us worry for some of the houses in other nabes like Fort Greene or Carroll Gardens that are trying to get the same price. Before everyone goes all nutso on us, Yes, we realize not everyone wants to live in Park Slope with baby strollers, blah, blah, blah, but the fact remains remains that the North Slope above Seventh Avenue is one of two true blue-chip areas in Brooklyn. Seeing a house as large and in as good shape for this price in this area makes us wonder about the comparable ripple effect through outlying neigborhoods. And what does this say about the overall market downturn? Our guess is this would have been $2.6 million at the peak which would imply a decline of 15% or so. Are you buying our analysis?
38 Berkeley Place [Warren Lewis] GMAP P*Shark
If WL is so good at pricing houses to move, then how do you explain all the listings that have been siting on the market for months, including one property on Garfield Place (prime PS) that looks like it is in pretty good shape.
Has anyone actually been inside 38 Berkeley Place. Is it in as good a shape as the pictures imply.
North Slope means closer to Flatbush Ave, South Slope means closer to the Prospect Expressway. Not above or below 7th Ave.
I disagree that Bed Stuy/Crown Heights shoppers miraculously become Clinton Hill/Fort Greene shoppers. The first neighborhoods still carry a pretty steep discount on the others. Just because there’s a blip in the marketplace doesn’t mean people automatically have an extra $600K+ to spend on a house.
I’ve bought two properties from WL over the past 10 years, and I can safely say that each one was considerably under-priced by design. WL loves to get the bidding war going. They are the anti-Corcoran (i.e. Corcoran loves to stretch the asking price beyond limits and cut back if there are no takers). WL prices it to move fast.
1st time, I got my bid in and locked up the property before anybody could blink. 2nd time I was not so fortunate -long, drawn-out, bitter, bid war.
I would take bets this gets bid up to $2.3mm, unless there is something unusually off-putting about the location.
What’s the highest prices anyone knows of for houses below 6th Avenue, like this one, that have sold are currently for sale?
Given that they have already had 2 open houses, I doubt that there will be a “bidding war”.
bunch of …..
can’t you just live in your house, enjoy, make babies get older and then sell it? that way you will make money no doubt and you won’t have to spend time writing this stupid things.If you were renting for the past few years, you also would have lost money, so what if we all stop gaining money on equity for a while? not big deal, we still have a nice place to live iv.
i’ll take that bet!
I bet it goes for $2.5 in a bidding war.