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It usually takes a few weeks or months for a seller to face the reality that an asking price is too high. In the case of 41 St. Marks Place, a three-story brownstone between 3rd and 4th Avenues in Park Slope, it only took a few days. Listed at $3,000,000 on January 14, the three-family was reduced to $2,650,000 on January 18. Still probably too much for a stoop-less house on the far side of 4th Avenue, but a step in the right direction to be sure.
41 St. Marks Place [Douglas Elliman] GMAP P*Shark


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  1. 9:27….

    the part you aren’t realizing, is that 99% of people looking at this house aren’t planning to sell it in 2011.

    maybe 2020…maybe never.

    but you know what…whenever we come out of this economic mess (which we ALWAYS do) prices will go back up.

    this house will be 5 million by 2015.

    JUST as likely as your scenario.

  2. Earth to Elliman, 9:42 AM the day after your listing was HOTD on brownstoner.com, and still no correction on the description that never should have gone live in the first place. For this kind of service an owner will pay a commission (if, of course, it ever sells)? FSBO could do better.

  3. This is going rapidly from comical to sad. Do you know what this house will sell for in eighteen months, two years? Very few people alive today, much less the sniveling broker bots who price Brooklyn real estate, have any clue what a financial unwinding looks like. Well, turn on your TV, Bernanke just hit the panic button.

    Prediction: misery index creeps up in NYC; global recession; this house will be hard pressed to fetch $800k in about three years. By all means, prove me wrong. Buy it, live in it, then sell it for beeeg, beeeg profit in ‘011. Make me look stupid. I dare you.

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