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
“who have equity in apartments they purchased 10 years ago and can easily transfer those gains to this place (with tax neutral results).”
That law changed years ago. Now you get a $250k exemption if you are single and $500k if married.
Pad your expenses!!!!
if I was making 300K or less I would try to find ways to increase my income and certainly would not spend my time commenting in the brownstoner. You need 500+ to afford a brownstone so if you want one man up and get out to earn it.
Sorry, but anyone “scraping by” with a $200k+ salary is a complete idiot when it comes to financial management and basic self control, assuming they are not paying back money for some terrible medical issue or other disaster.
Thedudeabides – Most of lower Westchester is just a 30-minute train ride to NYC. And you get a comfortable seat.
I love Park Slope, I really do. But this is really out of whack.
But I do understand almost $3 million for one of the glorious houses on a park block like 2nd Street.
There are plenty of folks in their 30s making $300,000 who have saved up the $350-400K for a down payment. But, Dave is right, there are also plenty of folks who have equity in apartments they purchased 10 years ago and can easily transfer those gains to this place (with tax neutral results). But you’ll still need to earn a healthy salary to afford a million dollar mortgage – $300,000 is doable, but I would not want to spend that much of my after tax on housing. With that said, there are many doctors, lawyers, bankers, etc who make that coin, and plenty of dual-income homes that earn alot more than that. (Though, Dave, many of the $250K+ crowd do NOT earn substantial bonuses or stock options – thats mainly a finance world thing).
And, a combined $300K salary in this city is not considered well off by any means. Crazy, I know. But true. I know many folks scraping by with a $200k+ salary.
I’m rich in PLUSAS, is that worth anything?
Thefed at 3:17: that isn’t what I said. DIBS at 3:21 is correct. This property is primarily for the well-to-do, which is different from what I would consider very wealthy. I guess everyone has their own idea of what they consider rich. By some measures, George Bailey is the richest man in town.
11217, median household numbers mean absolutely nothing when the MARGINAL property price is over $1MM
People who make $300,000 and have absolutely no savings are below middle class