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Corcoran must have used an entire case of Pledge shining up the woodwork for the photos of 325 East 17th Street. The Beverley Square East Victorian has lots of original woodwork and inherent charm but the renovation (which must be pretty recent) feels a little overdone to us in places (a 48-inch commercial stove?) and lacking in taste in others (what’s up with that fence). It’s like the owner is trying to force an attractive middle-class house and put it on steroids in the hopes of selling it for top dollar. It’ll be interest to see how the asking price of $1,695,000 goes over. This is east of the tracks, after all, a far cry from Westminster or Argyle Road when it comes to property values. There was an open house yesterday—did anyone check it out?
325 East 17th Street [Corcoran] GMAP P*Shark


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  1. 7:26, it takes you 15 from 7th & Flatbush to get to Grand St. From 7th & 9th St on the F, it is an hour in. Especially if you’re a couple of blocks from that subway stop and maybe a couple of floors up in your building. There’s no comparison for most of the Slope on the F to the B.

    Re 50% drop in value. Unfortunately, this did happen, in real terms, in the ’70s. People abandoned the city. You could buy an Upper West Side brownstone for $20K. They sold for that when they were built 80 years before, while average income went up from $1 a day to maybe $100 a day.

    But could anything like that happen again? Not even close, unless we are hit by multiple unlikely plagues.

  2. “Yeah the only problem with the 50% comment is it has never ever happened on a historical basis…even during the great depression.”

    And the prices increases of the last few years are also unprecedented. Stay tuned.

  3. 6:37 is right on the money. I live near the Newkirk subway stop and it’s 20 minutes to work in Soho. Closer than the Upper East Side and I have 3 floors, 6 bedrooms and a parking space. Don’t have to drive but it’s awfully nice to be able to, considering that all Brooklyn is subway-challenged on the weekends with track work.

    All you haters out there, PLEASE keep hating on our neighborhood since it’s no longer the best kept secret in Brooklyn.

  4. “houses in this area will be going for 50% of these prices in five years.”

    A rare comment that makes a lot of sense given the state of the economy. Much talk of recession. A stock market that’s on life support. Layoffs mounting. Banks in trouble. Dollar plummeting. The worst of foreclosures not over.

    The mainstream media is a notoriously lagging indicator. Remember, “no housing bubble”? Now, it’s “no major price drops”.

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