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
5:47 — Actually, the old fogeys around here have seen brownstones for 10k. In the mid-60s, the city was giving away brownstones for free all up and down the UWS to anyone who’d fix them up. They even gave subsidized loans for renovation, since the banks wouldn’t touch it.
In Boerum Hill or Park Slope below 5th Ave, prices didn’t break 10k until well into the 1970’s.
“Got any any good 9/11 conspiracy theories?”
The What is Osama bin Ladin.
Or Dick Cheney.
Maybe both.
to Dumbass:
In 30 years, the 2m I invested @ 7% instead of buying this house, plus the $600k I didn’t pay in taxes over 30 years, will be a nice tidy $40m.
I don’t think I’ll have any problem paying your rent, which should be up to about 8k by then.
That’s if I miss the post-bubble real estate downswing. It was pretty hard to miss in the early 90s, but maybe this time I won’t be paying attention, or maybe $6000/sf will come to Boerum Hill and I’ll never buy. Those Hong Kong centimillionaires are pretty hot on Boerum Hill, I hear. It’s got really good noodle shops.
Damn, 6:10, that’s one hell of a stretch! Got any any good 9/11 conspiracy theories?
@ 5:59 touche!
i’m calling bs on the 175k hell’s kitchen/3mn north slope. this is the same person who is a 34yo college dean making 600k combined (husband manages recording artists and makes $400k). BUT on 3/5, this person was looking for such a house and had not yet sold for the 1.6mn (which sounds high for a hell’s 2br that was a fixer upper in 97). also, on 3/5, it was east village and not hell’s kitchen. not sure what is motivating this poster. it is either the fantasy of a desperate park slope broker or a desperate $3mn ask seller. here is the link, so decide for yourself. too many similarities if you ask me. http://bstoner.wpengine.com/brownstoner/archives/2008/03/houses_of_the_d_13.php?comments=10
In 1975 renovated Cobble Hill floor-throughs apartments rented for $200 and the subway had recently jumped to 35 cents. Now they rent for $2500 and the subway is $2. So rents have gone up about 12 times, or twice inflation — just as the world was deciding that cities were not dead, after all, and that Cobble Hill was the coolest place this side of Carroll Gardens.
Meanwhile the building that was 80k then is for sale for 2.4m now — an increase of 30 times.
Fast forward another 30 years. Brownstones go up another 30 times, to 70m, the subway will be $12, average income will be about $250k, and rents will be 15k/floor, just out of reach of the average renter (just like now).
And new brownstone owners will be happily paying $115k/month in interest or lost investment for that $15k floor through apartment, because rent is for suckers.
No one would have thought 20 years ago that a building would rise in once decrepit Columbus Circle and charge $6,000 psf for apartments, but it just happened.
I surely would not bank on renting my whole life. Sounds TERRIFYING.
5:52 what so dumbass is that you have no sense of ownership.
After 30 yrs my mtg will be paid off and from my island compound I will continue to collect your rent. Dumbass!