House of the Day: 316 Maple Street
316 Maple Street has to be one of the more overpriced houses we’ve seen in a long time. The listing for the three-story brownstone does not include a single photo (rarely a good sign), mentioning only that there are original details. It’s listed on Property Shark as a legal one-family but the listing makes it…
316 Maple Street has to be one of the more overpriced houses we’ve seen in a long time. The listing for the three-story brownstone does not include a single photo (rarely a good sign), mentioning only that there are original details. It’s listed on Property Shark as a legal one-family but the listing makes it sound like it’s divided into two or three. What’s more, this is not prime PLG. Were this place in Lefferts Manor, the asking price of $1,200,000 might be doable. In the Nostrand-New York block though? Not a chance. $900,000 if they’re lucky, we’d guess.
316 Maple Street [ReMax] GMAP P*Shark
NYC is a housing market of its own.
What can I say? This house is on Maple IV which, as 1:42 wrote, is an OK block, but not prime PLG. I’d go as far as saying that this must be one of the nicest houses on any Nostrand–New York block, but I’m with Mr.B about the pricing.
I’ve noticed a couple of houses in LM, needing lots of work, that are listed with obscure brokers at prices considerably higher than similar houses, in much better shape, listed by ‘name’ brokers like BHS. IMO these small brokers are doing their clients a really serious disservice by setting wildly unrealistic asking prices.
NYC is such a weird market because people keep coming here. Which means a demand for housing, no matter what’s going on in the economy. Don’t know what that’ll mean but it’s a plain fact.
I worry more about infrastructure in NYC affecting the city economy and home values than I do the national economy. Like the fact they need to fix the steam pipes and bridges and subway tunnels and sewers so the flooding doesn’t keep happening, stuff like that. I worry these recent Republican and Independent mayors only were able to balance the budget as they like to brag about, because they didn’t spend enough to renovate and improve infrastructure.
Do we think the forthcoming stagflation will affect prices?
Nope.
Everything is overpriced. Including my apartment. We all know that. Its just a matter of the market. And the market economy says that prices are what the market will bear. And we’re seeing them bear bullish prices.
So why bother complaining about it!
Do we think the forthcoming stagflation will affect prices?
speaking of overpriced…. just saw an open house on union between BQE and henry last weekend.. the whole building was redone …all the 2 bedrooms were 1.2 million.. and it is next to the police building, and redone horribly… anyone else check those out? i think at most they were worth 775 .. but 1.2 million ? COME ON!
I attempted to find this listing on the Remax site and didn’t (go figure) but saw they do have a limestone in PLG listed for $1,095,000. And though it doesn’t say where it is, it looks like the Maple Street Lefferts Manor house that was listed for $1.3 million previously. If so, that’s a good thing they lowered the price and it’s totally worth that price to be on “Maple II” of LM. The bench in front is the same and it really looks like Maple II, so yeah, I think it’s the previously priced $1.3 with a more realistic price on it now.
I hate the holidays–nothing on the market. This house and price suck.
The price is ridiculous for this location and I love PLG.
Maybe 800K, if it’s as nice inside as advertised.
Even that is a stretch for being on the wrong side of Nostrand Ave.
It says nothing about the market, plenty about a delusional seller and/or crappy no name agent.