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]
Hey 6:32. I bet you wee making the same argument in 2004. You too 6:40. Damn renters.
“…from 1986 to 1995, after the stock market crashed and the government eliminated some real-estate tax shelters, the price of the median co-op dropped by nearly half, from about $360,000 to about $200,000. Those who bought new pads in the mid-eighties were underwater for more than a decade (and weren’t talking about what a great investment real estate was).”
6:28 – Consider yourself one of the “greater fools” referenced in the article.
Hey 6:24, I don’t see your point. That article references Florida over 70 years ago. No applicability. We are talking prime Brooklyn.
heeeeeeeeeeeeeeeeeeeeeere compy compy compy compy.
5:37 is right. The value of real estate never plummets dramatically:
– http://www.investopedia.com/features/crashes/crashes4.asp
totes
Jay-Z will buy it.
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