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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. Realtor may be hot, but literate she ain’t. Anybody else read the description, or did she have you at hello? And I quote:

    “It has full basement but it needs to renovate and it exits to the sweet lovingly garden.” Glad to know it “Can be a great place to live or invest.”!

    Maybe it’s a new trend in Brooklyn RE sales strategies as the market heads south: recruit anyone with a hot photo, price the property at over $2.5M, and hope for the best…with armchairwarrior and 2:12 among the gawkers, who knows, it might work. Just make sure you get your money back if the agent’s not included in the deal.

  2. From the listing:
    “It has full basement but it needs to renovate and it exits to the sweet lovingly garden.”

    Good lord, I’ve seen posts by The What on brownstoner with better grammar than that sentence. Are they running a blog over there at Elliman or do they exercise any kind of quality control before listings go up? At least she seems to have used spell-check.

  3. the Realtor is hot!! hmm if one buy the place does she come with it :p.

    but seriously its overprice and not sure what nabe its in but for sure its not park slope. once it crosses 4th ave.

  4. Maybe the premium comes with a 6 month membership in the “Lara Alramahi is a hottie dating club”?!?!? Forget the house, I wanna know if she is single.

    Okay, back to the house. The rent roll is at the top of that market so you buy it, live in a owner’s duplex (basement plus first floor) for a mortgage of 15K plus maintenance minus 5.5K/month in rent….9.5k plus the maintenance/oil/renovation issues/landlord hassle?

    Ain’t going to happen at this location and this building. Guessing also that no interior photos mean that more than the basement needs renovating.

    It is taken off the market in three months to reappear 3 years from now at this price or lower is my prediction.

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