House of the Day: 41 St. Marks Place Revisited
Are we surprised that 41 St. Marks Place just underwent its second price cut? No. Do we think there will be more to come? For sure. The listing has been a disaster from the beginning. After hitting the market in mid-January for an insane $3 million, the three-family house was cut almost immediately to $2,650,000….
Are we surprised that 41 St. Marks Place just underwent its second price cut? No. Do we think there will be more to come? For sure. The listing has been a disaster from the beginning. After hitting the market in mid-January for an insane $3 million, the three-family house was cut almost immediately to $2,650,000. The 3,600-square-foot has now been cut again to $2,450,000. In addition to the mispricing, the presentation is abominable—Elliman should be embarrassed about this one. The crappy, overexposed photos only work against it. We took about five seconds to press the “enhance” button in iPhoto and improved them to what you see above. But who took the photos to begin with? That kid in the back hallway? This price has a ways to go, in our opinion.
41 St. Marks Place [Douglas Elliman] GMAP P*Shark
HOTD: 41 St. Marks Place [Brownstoner]
Back to this house, I find it amusing that after they dumped the original PDE agent and replaced her with an equal genius, they updated (too generous to say “corrected”) the listing copy from:
“It has full basement but it needs to renovate and it exits to the sweet lovingly garden.”
to
“It has full basement exits to the lovingly garden.”
(Props to the poster on the January thread for noticing this.)
We bought our last joint in Manhattan in 2004 for 1.8. Sold it 2.5 years later for 3.
I, too, am not interested in renting.
Yes, maybe there are many situations where your monthly costs are lower as a slave to landlords. But you’re never going to be able to engineer a nice ROI, which is actually pretty easy if you just buy smartly and decorate reasonably well. Piece o cake.
“biofuels, wind, hydro, there are still many options.”
Exactly, And all of which will preclude the necessity of people moving to the cities.
Quite the opposite, actually.
I don’t think they’ll be building those windfarms in Prospect Park. Or planting Long Meadow with switchgrass.
biofuels, wind, hydro, there are still many options.
so much still needs to be developed.
it’s time to stop saying we can’t.
I hope Park Slope moves to China.
green energy is a great idea but it won’t make that kind of green. solar is already tanking on wall street.
we will create jobs in green energy if people are smart.
it will be the largest new source of economic expansion of the next decade, in my opinion.
just like internet jobs and finance jobs were created during past 20 years.
True, the jobs will go.
But they won’t be created here either.
Think back to 1989 when New York lost 10% of its jobs.
You know, the last real estate crash.
But of course, it’s different this time.
the jobs will be the next thing to go.
that is the only thing keeping them there.
people move around a lot more these days.
it’s the way of the world.