House of the Day: 273 Baltic Street
This listing at 273 Baltic Street is just popped up on Corcoran—unfortunately without any photos. According to the verbiage, it’s “fully renovated,” complete with central air, a Viking range and a custom media center. We’re guessing that this reno leans toward the modern: “The second floor is accessed via a unique hand made hanging metal…
This listing at 273 Baltic Street is just popped up on Corcoran—unfortunately without any photos. According to the verbiage, it’s “fully renovated,” complete with central air, a Viking range and a custom media center. We’re guessing that this reno leans toward the modern: “The second floor is accessed via a unique hand made hanging metal staircase which is supported entirely by it’s wall which gives it the appearance of floating from one level to the next.” For $1,995,000 for a three-story, 16-foot-wide house, the reno better be pretty darn nice. Without any pictorial evidence to the contrary, the price sounds like a reach to us.
273 Baltic Street [Corcoran] GMAP P*Shark
I agree, 2:57. New York City has always been a place where new people flock. Even during the bad days, people were leaving for the suburbs, but lots of young people were coming as well.
We are in a time right now of intense political seperatism and the wealthy liberals (and not so wealthy liberals) in this country have but a few good options for city living…New York being arguably the best.
I know I’ve travelled all over the country and there are very few places I’d want to live other than New York.
I think a lot of people feel the same.
I hear people say all the time…if I ever left NYC it would be to go to Europe.
I’m in total agreement.
So no, I don’t think it’s a fad. I think New York is just that special.
RE: 2:55
Yeah- I’m not saying Bensonhurst will never be a “high-demand” neighborhood… I just doubt it be able to sustain interest during the next real estate correction – that’s all.
It’s hard to predict the next 10 yrs much less the next 40.
OMG – With mine an my wife’s salaries we just barely made it in the 2.7% bracket?!! Am I suppose to feel happy or or sad?
…because even with that stat I still can’t afford this “NOT SO WORTH IT” townhouse. Uggh,..
Interesting question, 2:42.
All of the families who’ve planted roots in Brooklyn (and Manhattan) will stay unless crime rises or school options worsen. I don’t think the housing market or even general economic conditions really affect the people already here in a direct way. So to the extent it’s a “fad” to live here, the fad will continue, and therefore will attract more newcomers, somewhat insensitive to price. More important is whether the housing market/general economic conditions will ripple over to crime rates and funding for schools.
new families didn’t want to live in park slope 40 years ago, ft. greene 20 years ago, clinton hill 10 years ago or bed stuy 5 years ago.
i think things are more dynamic than you suggest, 2:52.
RE: Sam 2:42
Seems like Downtown BK and the adjacent “historic” neighborhoods will stay relatively healthy in the next real estate contraction. They’ve generated critical momentum… I believe there was a permanent shift in consumer behavior with regard to older row-houses.
But other BK neighborhoods outside the core won’t get that type of sustained interest. Even new families don’t want to live in Bensonhurst…
Hey “guest” (aka real estate broker), for the amount of money you guys ask, you’d BETTER put up photos that will create traffic. The listing has been up since 9/21, so it isn’t an issue of not having enough time. And, given that the open house is this Sunday, you’d think there was some sense of urgency. Laziness or incompetence. You choose.
2:09, 2:11, 2:27 —
Either many brokers are clueless about the web and don’t realize people start dissecting these listings the second they go online, or the brokers have a motivation for getting the listing online as early as possible that trumps the common-sense inclincation not to post a listing until it’s complete with important collateral like photos. (Maybe the brokers think only the compulsive brownstoner crowd is watching early, but it baffles me if they don’t realize anyone who’s seriously watching a particular market – i.e. their prime selling audience – will pounce on a new listing as soon as it becomes available anywhere on the web.)
I had the same problem with my broker recently – it drove me nuts and soured our relationship from the start.
I would strongly urge any prospective seller to get an explicit committment from your broker about the timing of your listing on the web, MLS, etc. I loosely discussed this beforehand but didn’t know just how explicit I should have been until it was too late.
I’d love to hear from a broker on why this would ever happen.
I believe the shift back to Brooklyn is similar to the shift world-wide back to the urban areas.
We are going to have to live closer together for the sake of the earth. Soon it won’t be a matter of wanting to move to the suburbs, it will be a matter of NEEDING to live in the cities.
That wasn’t meant to sound doom and gloomy, just a fact. The world is moving towards urbanism as a general rule.
It won’t only be about what’s cool so much as a general need to keep population density as high as possible.
We are just beginning to see the shift to a greener earth…this demographic shift away from the suburbs is just the beginning, I believe.