House of the Day: 369 6th Street
This new listing at 369 6th Street isn’t the biggest or most ornate house in Park Slope but it sure is cute as a button. The three-story brick is a legal two-family but has been configured as a one-family. The moldings and woodwork are impressive and the place clearly has had a tasteful renovation at…
This new listing at 369 6th Street isn’t the biggest or most ornate house in Park Slope but it sure is cute as a button. The three-story brick is a legal two-family but has been configured as a one-family. The moldings and woodwork are impressive and the place clearly has had a tasteful renovation at some point recently. So the question is not whether this place will catch the eye of buyers but what they will make of the $1,749,000 asking price. Thoughts?
369 6th Street [Brown Harris Stevens] GMAP P*Shark
“A couple with both individuals working in New York with an average gross salary of $150K is NOT “very wealthy” in NYC.”
Indeed, there are some people here who make $300-$400K or less and feel that they are entitled to live anywhere they damn like. If it is not affordable to them it is “unfair”, “crazy”, “bubble territory”, “not worth it”. In short, the live in denial.
More like 400K+/year plus 25% to put down. You don’t want to pay half your take-home income of housing. It’s affordable for a successful professional, someone who has at least 500K to put down/pay closing costs and can pay a bit extra for Park Slope so they don’t have to pay for private schools.
I’m having a hard time weaving these two comments into a coherent narrative:
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this is definitely a bargain.
Posted by: thefed at April 6, 2011 1:41 PM in response to House of the Day: 369 6th Street
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When all is said and done such brownstones CG, CH, PS will go around 1 mil…
Posted by: thefed at December 9, 2010 4:38 PM in response to House of the Day: 459 8th Street
“a person or couple must have a minimum gross income of around $300k a year plus substantial assets to put down a downpayment. That’s very wealthy no matter how you define it, even in NYC.”
Jaguar, I respectfully disagree. A couple with both individuals working in New York with an average gross salary of $150K is NOT “very wealthy” in NYC.
“Did I do any of the math wrong by the way, because that seems like too low of an income to be for an almost $2m house?”
I think this is too low. 300K income is not enough for this place. One should make twice as that to afford it. I think 600K is rich and should be able to afford park slope, carroll gardens. If one makes 300-400K should look at ditmas, lpg, Windsor terrace etc
> this is definitely a bargain.
This is very high for the a house of this size and this location. Calling it a bargain makes you sound like a fool.
Some facts.
Approximately a $7,700 a month mortgage (assuming 20%) down, plus whatever taxes and other expenses come up, so I suppose a person or couple must have a minimum gross income of around $300k a year plus substantial assets to put down a downpayment.
That’s very wealthy no matter how you define it, even in NYC. It isn’t superwealthy, but it is wealthy.
Did I do any of the math wrong by the way, because that seems like too low of an income to be for an almost $2m house?
“What a ridiculous brokerage…”
Floorplan on IS on broker’s listing: http://www.bhsusa.com/brooklyn/6th-street/townhouse/1209188.
“Now THIS is a home for a real gazillionaire:”
But where is the floorplan? What a ridiculous brokerage that cann’t even put up a flooplan.