House of the Day: 10% Off at 450 8th Street
After four weeks on the market, 450 8th Street in Park Slope just got a haircut on the order of 10 percent. The four-story, two-family house has nice bones and looks to be in decent but not perfect condition. Despite some very nice details like original wood paneling and parquet floors that you’d expect from…
After four weeks on the market, 450 8th Street in Park Slope just got a haircut on the order of 10 percent. The four-story, two-family house has nice bones and looks to be in decent but not perfect condition. Despite some very nice details like original wood paneling and parquet floors that you’d expect from a brownstone in this location, there’s a slight shabbiness to the photos (get that a/c out of the window!) that may account in part for why this place didn’t move at $2.2 million. We suspect at its new price of $1,990,000, it should attract some real interest.
450 8th Street [Corcoran] GMAP P*Shark
450 8th Street Reduced [Natefind]
I dont think we should blame brokers if a house does not sell. The way I see it if a house is in good shape and reasonably priced it will sell. Sellers are the ones who ultimately set the price so if a house is on the market for a while without “serious” offers then it means that the house is either in really bad shape and/or is priced too high. The problem is “seller resolve” not the broker.
also, I am not a broker.
What a strange coincidence, I never get use this site. I too had listed my house with Corcoran who promised me the world.. Yes, definitely to get the listing. After four months they said the price I set was too high.. They set the price.. I too used Brown Harris Stevens.. Probably the same broker too!!
My friend on First Street had had listed her house with Patricia Neinast at Corcoran and reduced it a number of times and it never sold.
I think it is a broker by broker issue. I once interviewed Corcoran for a co-op listing and was told to list it lower that I wanted because a lower price would generate interest aka bidding war. A friend was told the opposite, list it high and if there are no offers after 1 or 2 weeks reduce price by 10% so that potential buyers think that they are getting a deal.
do brokers encourage high prices in hopes to get the listing, then force a lower (reasonable) offer on the sellers?
That is so true.. I had my house with Corcoran for months. I hired a great guy from Brown Harris Stevens who sold it in less than a month. I am very grateful…
The listing is between 7th & 8th avenues. The house next door (452 8th Street) just went into contract. The original price was also $2.2, it got dropped to $1.9 million after about a week. It was also a Cororan listing. Compare to its neighbor, this place looks like a total wreck. I would really love to know the contract price for 852 becasue it would set a real benchmark for this place. Is the prospective buyer out there? can you help us out.
Despite the state of shabbiness, I love the location and the size and would buy it is a heartbeat … if … the seller would accept $1.6million. Seller, what do you say?
The Corcoran broker from NYC clearly did not know how to price the house. In fact Corcoran tends to overprice all of their townhouse listings, look at the Neinast listing on Carroll for just under $3.2 mil.. the Kenkel listing on 9th Street at $2.195 mil..
So much for hiring professionals..
is 450 8th really btw 8th and PPW? thought that was a 600 block
i don’t believe it’s that easy