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]
you think it’s so funny, 8:40.
those houses that people bought on the upper east side in 1985 for 1 million dollars are selling them now for 45 million.
i believe one sold for 53 million.
not that crazy that in 20 years, park slope homes will be selling for 10 million or more.
this is nyc. as gas prices rise to $4 , then $5, then $6, do you have any idea how many more people are going to want to live in the greatest city in the united states?
think about it.
Oh The What, you are just spreading gloom and doom. Don’t you know that if you buy this house today it will be worth over 20 million in the next 10 year run-up? Oh wait, since its in Park Slope ir will be closer to 40 million. Oh what the hell 100 million. It’s PRIME. It’s the East New York houses that will be 20 million and after all those hipsters turn Billyburg into the next West Village you wont be able to touch an old woodie for less than 100 million. After all this is NYC and we are immune to the rest of the country’s economy problems. Look at the Great Depression. NYC were still making a killing on Wall Street even when everyone else was working for a nickel a week. I mean here now, our wages are going up at the same rate they have over this past 10 year run up and we are all filthy rich now. I know mine have gone up over 10 times which is the same as the inflation of the house prices. I was making 40K as a teacher and now I’m making 400K. Don’t be so negative 😉
“so, seriously: how much this house is worth?”
$672,893.27 and not one penny more.
I will try not to forget to post our appraisal number next week and you will try to remember to check this thread.
And inflation is even more priceless.
so, seriously: how much this house is worth?
And how much a house in Central Slope similar to this is worth.
Also, I do not think the person who mentioned one bedroom apartment read the listing.
I think it is either 2+ or 3br, depending on layout.
If this house is similar to ours ( and the size 1200sf is similar) then each rental is 3br plus den, kitchen and living room, plus you have a big “storage room” (which we legally converted to half bath+laundry and closet).
if you had bought aol and NOT sold in 2000, but are still holding onto it, you are taking a major loss.
aol is about as worthless as a house in mesa, arizona right about now.
Who cares, pay your mortgage and buy what you can afford. All wil be right with the world soon.
Also, you can get less then 7% today.
As I mentioned we are refinancing and locked at 5.125 for low 1M+ from Alpine mortgage that we found on bankrate.
Look at today’s offering:
http://www.bankrate.com/brm/rate/mtg_ratehome.asp?params=1200000,NY,2&product=224&points=1&pType=a&refi=1&pct=0
we bought in 95 and sold this past year with a hefty profit.
and i’m not into buying.
the real estate advance of the 90’s and 00’s is not going to happen again – not for a long time.
if you want to hold onto your property for 20 years or 15 yrs – then yes – you’ll make money – but also invested wisely _ money makes money .. without the huge headache – of all this – i am passing for now on buying and have this great feeling of cash in the bank – growing nicely and now worrying if another terrorist attack will happen outside my window like it did in 2001. we cant predict anything – and having that cash security is priceless!!!!