House of the Day: 241 Sackett Street
The Elliman listing for 241 Sackett Street (the narrow house on the right) in Carroll Gardens has scant details and photos for a house asking $2,200,000. All we’re told on the listing is that it’s a one family with a nice yard—the rest is left up to our imagination (and Property Shark). Perhaps they don’t…
The Elliman listing for 241 Sackett Street (the narrow house on the right) in Carroll Gardens has scant details and photos for a house asking $2,200,000. All we’re told on the listing is that it’s a one family with a nice yard—the rest is left up to our imagination (and Property Shark). Perhaps they don’t want to play up the fact that the house is only 13.5 feet wide. Think they’ll get anywhere close to this? NB: There were no interior photos up yesterday when we wrote this.
241 Sackett Street [Douglas Elliman] GMAP P*Shark
Photo by Kate Leonova for Property Shark
“I know many people (i.e. executives, etc) make very good money, but again, are there *that* many though? For all these $2m condos in Manhattan and Brooklyn?”
I am a mortgage broker and basically a lot of people in these mainly-upper middle class brooklyn suburbs, can afford very expensive homes now because – guess what – real estate market has boomed and payed out for anyone upgrading over the last 10 years, boosting their paper wealth up to a level their income could not support if they had to finance it all from scratch. They were leveraged with mortgages, and made out like bandits in the run-up. So basically house asset rich, (relatively) income poor.
Some fancy co-ops shy away from these buyers, which drives equivalent condos up in value.
I don’t see many salary men who go from zero to plunking down 50% equity on a $2m home. That kind of stuff is reserved to a sprinkling of newly minted super-star hedge fundies, and those new rich who encountered an “equity event” (their startup went public, or got bought for squillions).
people who are very much in touch with reality are often scorned by those who have vested interests in the status quo.
Don’t believe any of the crap perpetuated by realtors or others who think you are a sucker. Fight back. Fight back. tell the assholes this is a thirteen foot wode house built for the lower middle class and one that welfare recipients would probaly reject.
Just because you are young and middle class does not mean these old farts should push you around and make you feel like you are a piece of shit. Fight back. Bullies collapse when they are confronted. Don’t take it. Tell your real estate broker to go fuck themselves. You will feel do much better.
9:53 you’re kidding, right? They work on wall street, the biggest job creator in the city. Bankers, traders, salespeople, infrastructure. 200.0 is not even an associate’s salary. You call that a good salary. 21 year old analysts make 150.0
7:14 How do you like living in Mill Basin.
9:22, ok, I guess I must not have any idea and you must be right going by the prices around here. So what do these guys do?
I know many people (i.e. executives, etc) make very good money, but again, are there *that* many though? For all these $2m condos in Manhattan and Brooklyn?
Obviously there is, I guess I am just out of touch and need to get myself into one of those positions!
5:52 i hate to break it to you but 500 is pretty small change. That’s a a lowly vp level. You have no idea.
You might still be happier than those people on wall street working 70-90 hour weeks.
Serious question – can someone please answer?
Ok, first just want to say I am happy for anyone who can afford this. Jealous? Sure, but I believe if someone can earn that kind of money, more power to them.
But how are all these people affording $2m+ homes? It seems to me in this price range, it is above normal working people – even people with a good salary of say $200k.
Are there really that many earning $500k+ or that many making huge bonuses on Wall St? I guess the answer is yes, but I am seriously in the wrong business then.
There is no anon 6:15 post.
You get a clue.