House of the Day: 193 Washington Park Price Cut
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months…
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months of no love from buyers, the asking price for the 6,500-square-foot brownstone overlooking Fort Greene Park was cut last week to $3,625,000, a price that still seems like a stretch in the current environment. Think there’ll be any takers for the 25-footer at this new price?
193 Washington Park [Corcoran] GMAP P*Shark
House of the Day: 193 Washington Park [Brownstoner]
I saw this house out of sheer curiosity for what could justify this price. I am absolutely unimpressed and convinced the owner has no intention of seriously selling. The asking price is ludicrous. I had also seen 181 Washington Park, an absolute beauty of a house with an awesome restoration AND renovation–and that closed a few months ago for $3 mm. So, these guys can dream on…
“20% of equity is going bye bye.”
No, 100%. You will be underwater.
“Trust me on this one. My brownstone will never cost 400K again.”
It already does. Price it in gold or oil you sheep. “Baaaggghhhh…”
“I think the NYC spring real estate market is going to be HOT!!!”
You mispelled the word ‘NOT’.
“New York City is America’s only world city. If Bloomberg keeps this city healthy, creating new jobs and lowering taxes for businesses, people will continue to flock here.”
DA PLANE…DA PLANE…DA PLANE…!!! WELCOME TO FANTASY ISLAND…
“The epicenter of this city is still an island you realize. Only so much you can build and a recession does not mean people no longer need a place to live.”
CONVERSIONS MY FRIEND, CONVERSIONS…AND WE’RE NOT TALKING ABOUT HOMES DISAPPEARING. WE’RE TALKING ABOUT PAPER EQUITY DISAPPEARING – POOF!
“The only way prices were able to decouple from fundamentals was the packaging and leveraging of mortgage backed securities. That business is dead forever. RE prices are going to recouple with incomes.”
A voice of reason. Thanks, 11:07 AM.
Hey everyone, there is a new HOTD. Let’s go make our senseless comments there and riducule the latest POS Brownstoner has dug up. Ready, break!
20% of equity is going bye bye.
Trust me on this one. My brownstone will never cost 400K again.
“I for one will be looking for another second investment property as prices slide. I think a lot of people who have seen 200% equity in their homes will do the same.”
Not if they didn’t sell, rent, then buy again. Equity’s going BYE BYE.
January 22, 2008 7:54 PM brilliantly exemplifies the meaning of euphoria.