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]
5:09…
oh yeah…and there was also the largest attack of HUMAN LIFE on American soil in 2001.
I can see how you think bank problems are more important than that, but personally I was a lot more “worried” in the fall of 2001 than I am right now at this very moment.
I’m not naive, I just know things are taking a course that was much needed.
“And there wasn’t this gargantuan subprime mortgage disaster screwing up the banks”
NO, but there was the issue that everyone and their mother wanted to LEAVE NYC!!!!
So yes, they were different issues then and now, but everyone I talked to in November 2001 said that buying real estate in NYC was foolish and that prices were about to tumble bigtime.
They did not, and some of us made out like bandits.
4:47 – I certainly didn’t here those words after 9/11. There was SUCH a different climate then – there was only a small dip in the housing market and consumer spending didn’t go down at all. And there wasn’t this gargantuan subprime mortgage disaster screwing up the banks. I think you’re naive to think our current economic situation is analogous to that period.
that’s interesting, 4:56.
i think i know someone who bought one of the said lincoln place homes.
4:54–128 Lincoln Place is in contract. But 104 and 108 did not sell and I believe were taken off the market.
4:54–the two Lincoln Place houses you mention were taken off the market. They didn’t sell. (the ones that were owned by the same guy).
There was a third Lincoln Place house that did sell.
Everyone said those two Lincoln Place townhomes were severely overpriced and they are no longer on the Corcoran site.
They weren’t for sale for more than a couple months…
4:28 It is not just Corcoran. Before that it was Douglas Elliman that had two properties on the place streets that everyone thought were vastly overpriced. So now it is two different firms and 4 different properties. I guess time will tell how overpriced these places are.
“You now need to put actual money down, and pay out an honest, fixed rate on a real mortgage.”
For the 75% of us who live in NYC co-ops, we ALWAYS had to put down real money.
So the real question is…do YOU know anything about finance?