House of the Day: 535 1st Street Revisited
After Corcoran failed to move it back in 2006 first at $3,500,000 and then at $3,100,000, the limestone mansion at 535 1st Street in Park Slope has just come back on the market for another try with Douglas Elliman. The asking price? $3,675,000. The princely pad is 4,420 square feet large, but we’re not sure…
After Corcoran failed to move it back in 2006 first at $3,500,000 and then at $3,100,000, the limestone mansion at 535 1st Street in Park Slope has just come back on the market for another try with Douglas Elliman. The asking price? $3,675,000. The princely pad is 4,420 square feet large, but we’re not sure why something that failed to sell 18 months ago would now sell for 20% higher in this market. A the very least, it wouldn’t hurt to have some interior photos to look at. (There is one on the old HOTD link below.)
535 1st Street [Douglas Elliman] GMAP P*Shark
House of the Day: 535 1st Street [Brownstoner]
Wrong 5:23 – and thank you 5:21 – I would like to add that what happened after 9/11 is that everyone bought second homes out of the city just in case they needed to quickly flee – which actually indicated a continued confidence in the housing market. I started looking at houses upstate in 2000 and in 2001 there was a HUGE surge in the prices – so 9/11 actually created a boom in the second home market – positive developments that we are not seeing anywhere now.
p.s., I do know some people who didn’t buy because of 9/11 but they were timid out of towners who had just arrived and didn’t plan to stay long term.
yo DOPES kENNETH gOLDSTEIN WORKED FOR cORCORAN WHEN HE HAD THE LISTING AND NOW WORKS FOR doUGLAS eLLIMAN.
In 2001, you could buy a studio in CG for 60K. I know. I looked at a few.
Same thing is at least 300K now.
Crazy.
So when people freak out that prices are going to dip a bit (they say 15% tops) keep in mind how much even people on the low end of the buying spectrum have “made” just in a handful of years.
Multiply that appreciation times 10 for the townhouse market and you can see why a lot of us don’t really care or mind if prices dip.
They will be back eventually.
I did. And now I wish I was back in beautiful Carroll Gardens.
5:09 = 5:21
meant in 2001….not NYC…
Hmmm… everyone I spoke to in the months following 9/11 actually thought the opposite–they all said to buy now, buy now, buy now, because prices were dipping and people were scared, etc. I’m sure they weren’t the only ones thinking that, and that’s why prices dipped a bit, but didn’t sink. I agree with 5:09 on this one.
The point of the matter is that very few people thought it a good idea to buy NYC real estate in NYC.
Those who decided to go ahead and do it anyway, were richly rewarded.
Now the rest are here fighting about how much everything is overpriced.
WHAT DID YOU EXPECT??!
“there was the issue that everyone and their mother wanted to LEAVE NYC!!!!”
Except nobody did.