House of the Day: 145 Bergen Street
From what we hear, the market for nice houses in Boerum Hill is still pretty tight. And compared to some houses in the area that have been on the market recently, the $2,000,000 asking price for 145 Bergen is not particularly high. That said, there are too many question marks with this place to feel…
From what we hear, the market for nice houses in Boerum Hill is still pretty tight. And compared to some houses in the area that have been on the market recently, the $2,000,000 asking price for 145 Bergen is not particularly high. That said, there are too many question marks with this place to feel optimistic about its chances of selling at this price. The house had its last major makeover back in 1968 and, given the fact that it’s a four-family rental, it’s unlikely that the interiors are in great shape. (The lack of photos lends credence to that theory.) Has anyone been inside this place?
145 Bergen Street [Craigslist] GMAP P*Shark
Okay, I’ll stop the name calling.
Real estate values follow inflation over time. That’s not an opinion, that’s a fact. We’ve just experienced a couple of decades worth of growth in “values” over the past 4 years and there will be a correction. Hopefully it by way of stagnant pricing for a longer period rather than falling off a cliff.
Again, if you are buying at these prices, you can argue that you just love the nabe, and the luxury of owning your own brownstone. The expectation that BECAUSE you have paid this premium you can expect that there are enough renters out there to pay a proportionate amount of your mortgage is absurd. Inflation didn’t keep up with the rise in these prices…those people don’t exist.
Top of this market rent is 3K per floor with excellent finishes…so if you don’t want to be “subsidizing your rentals.” then don’t pay more than 1 million plus your rehab.
“one of which has rent protetion and is therefore a lifetime tenant.”
You are a liar.
Refreshingly “old school” agent handling this.
http://www.renaissanceproperty.com/
Still no substantiation of the allegation re rent controlled tenant and yet it’s already getting viewed as a statement of fact. Par for the course, I guess.
Ex-lease means there are no leases, not that it can be delivered vacant. The add and the info of reluctant rent controlled tenant are consistent.
Lots and lots and lots of people in this city are rolling around in money, 2:53.
To many, 2 million dollars is spare change.
You really need to get out more.
Both my bosses make over 500K each and I work in the Arts.
Pre-2000, almost no one thought of their home as an investment like they do today.
Where are these arrogant rookies getting these facts from.
2:42 — If you think of buying a $2MM house as buying a fancy car — a consumable — then you have a lot more money than most people.
I do think most people need to believe that they will be able to sell their house for at least around what they paid. For those of you that just want to enjoy a $2MM house, and don’t care about taking a big loss when you go to sell it (like a fancy car), then this is the place for you.
Why does Stoner describe properties like this one as a house? Sure it was built as a house in 1850 but today it is a four-unit multiple dwelling with tenants, one of which has rent protetion and is therefore a lifetime tenant.
A “house” does not have a stranger hanging around the third floor. You know?
No lifelong renter I ever knew made out better in the end than someone who owned their home.
Who wants to be 60 and still renting??
Talk about a nightmare if health problems start setting in.