House of the Day: 64 Prospect Place
Here’s a nice two-family in Park Slope for under $3 million. Then again, the Queen Anne house is smaller than your average brownstone so the asking price of $2,650,000 only gets you 2,910 square feet of living space. Nonetheless, the exterior and parlor floor have charm galore and the garden apartment generates $2,200 a month….
Here’s a nice two-family in Park Slope for under $3 million. Then again, the Queen Anne house is smaller than your average brownstone so the asking price of $2,650,000 only gets you 2,910 square feet of living space. Nonetheless, the exterior and parlor floor have charm galore and the garden apartment generates $2,200 a month. There was an open house yesterday. Anyone make it?
64 Prospect Place [Corcoran] GMAP P*Shark
Saying that no one wants to buy expensive houses anymore means you also think that no one will buy expensive cars anymore either, right?
So everyone will start buying Nissan’s or BMW’s will cost 10K by next year.
Which is it?
Thank you 3:19.
Some people do still buy houses because they love them, want to raise a family in them and do have the money to afford them.
Because one measly dlist bank went under does not mean that there are not others who are not prospering.
3:15
I don;t work on Wall Street. I am also not worried about my job security. But, I do not kid myself….the real estate market in NYC is very much driven by Wall Street. The economy in general is very much driven by Wall Street. Why else would the Fed make an announcement of a bail out on a Sunday night? That is a big deal as far as I am concerned.
I have no idea about the house or the price. But I live in a 5-story single family home and I haven’t been up to the top floor (pretty staff rooms) in months.
It is great at Christmas when I have loads of family in, otherwise, eh.
This is why I think a straight price psf is pretty meaningless. If I had to value a home, I’d look at t the first 2500-3000 sq ft (three floors) and then price the rest as maybe 1/2 market. Unless you have a really large family or some crazy antique collection, the stairs make up/down living hard. Who wants to have their bedroom up all those stairs?
I’ve passed by this building a million times. I think it’s lovely, and the front staircase is remarkable. I don’t know what that would say about the current or future value, but my guess is the drama of the building is worth something to somebody.
so how about we imagine that price drops 10% by next year this time (I think this is a conservative estimate) and now buyer needs to sell for some unforeseen reason (this is an unprecedented period in history-be cautious).
$265,000 lost with depreciation
$132,000 broker fee to sell
Lost: Mansion tax, mortgage tax all other costs associated with buying, not to mention interest payments if you take a mortgage.
From a non Wall Streeter who is generally hoping people protect themselves. Botton line….nice house, terrible risk….
i love how people on this blog think that every single person is tied to wall street.
it’s 10% people. and that includes the people who don’t work ON wall street but are in some way affected by those jobs.
what’s wrong with the other 90% of you??
all the sudden your boss stopped paying your salary because bear dropped dead?
yeah, didn’t think so.
life goes on.
stop being so melodramatic. it’s so ignorant.
I imagine this is what an insane asylum sounds like. lot’s of people here who refuse to believe in the reality of March 2008.
Is this like two people and a broker just talking back and forth and trying to make it sound like there are actually other people who agree with you, so you can feel like a supported human being??