House of the Day: 397 3rd Street
Oh, boy, this new listing at 397 3rd Street in Park Slope is so nice it almost makes us want to paint our wood floors white! As the listing astutely points out, the four-story brick-and-brownstone house is not over-designed; it is, however, charmingly preserved with just the right touch of modern. It’s also well-styled for…
Oh, boy, this new listing at 397 3rd Street in Park Slope is so nice it almost makes us want to paint our wood floors white! As the listing astutely points out, the four-story brick-and-brownstone house is not over-designed; it is, however, charmingly preserved with just the right touch of modern. It’s also well-styled for sale, with just enough well-chosen pieces to look good but empty enough to be a blank canvas for the fantasies of the aspiring homeowner. All this good stuff don’t come cheap though: the asking price is $3,695,000.
397 3rd Street [Brown Harris Stevens]
“By daveinbedstuy on December 13, 2010 5:41 PM
The super rich buy $40-80MM townhouses… Making $600k a year and having about $2-3MM in liquid assets is NOT super rich by any stretch.”
Besides being the BrownstonerButtBoy, you are an incredibly obnoxious asshat.
25k for vacation? I need to take my broke ass out of this thread as I can’t even begin to wrap my head around that.
Actaully, I think 600K a year (which I am going to say is about $330K after taxes) in fact covers that:
Mortgage: 7K/month = 84K/year
Private school for 2 kids = 30K/kid = 60K/year
College savings for 2 kids = 20K a year
Retirement = 50K/year
Vaction = 25k/year
That works out to about $240,000 a year. That leaves $90,000 of post-tax income to handle eating, clothes, transportation, etc. Seems possible to me if you are making in the top 1% of income in New York.
the word “rich” must be like the word “hipster” for the older brooklyn folks. no one in Brooklyn will admit to being either even though there’s lots!
“Making $600k a year and having about $2-3MM in liquid assets is NOT super rich by any stretch.”
Get the f*ck outta here. Spoken like a true elitist asshat!
600k is not uber rich. outside of expensive cities like NYC, one can argue 600k might be uber rich. when one says he or she is uber rich, here are some of the things they are NOT concerned with:
– college fund for kids to a private establishment (currently they cost ~$200k per kid for 4 yrs at most decent ones)
– retirement fd for life of comfortable living (not luxurious)
– adequate raining day fund
– affording for living in a nice pad in a nice hood; again, not mega lux just nice
– annual vacation plans
sorry, 600k doesnt even come close to covering those. Pretty well to do, yes. uber rich – NOT
Snark,
I didn’t say they were not worth the money. Desirability is relative to needs if a factor and people type (can be a factor) and money. There are a lot of people who can afford to live between 8th and the park, but find PS undesirable. I now more than a few.
There are some kinks in your supply, demand thing.
a brand new ferrari cost more than a stock 68 Impala convertible. I’ll bet more people would choose the 68 Impala. I know I would.
A brand new Le Creuset #26cast iron white pot cost more than a 70’s Le Creuset Enzo Mari #26- unused. The Enzo Mari is way more desirable.
A commercial garage that can be converted into an amazing live work space for much less than a house between 8th and the park is way more desirable to more people than live in the 8th/park district.
You failed the final on econ101.
Ah, you’re talking about private jet rich (although I think a lot of that is actually corporate assets being used by the principals, etc., but it works out the same).
I’d call that MOTU rich. But, yes, that is a different category from top 1% income rich.
“Making $600k a year and having about $2-3MM in liquid assets is NOT super rich by any stretch.”
Quote of the century.