House of the Day: 47 Willow Place
47 Willow Place (along with its three sister houses at 43, 45 and 49) is one of those houses that makes Brooklyn Heights such a special place. The 21-foot-wide Greek Revival structure is particularly notable for the colonnade that runs continuously along the facade of all four houses. The $3,450,000 asking price is on the…
47 Willow Place (along with its three sister houses at 43, 45 and 49) is one of those houses that makes Brooklyn Heights such a special place. The 21-foot-wide Greek Revival structure is particularly notable for the colonnade that runs continuously along the facade of all four houses. The $3,450,000 asking price is on the low end for a house in this neighborhood, but then again there’s only about 2,100 square feet of living space (not including the basement rec area) in this one. 49 Willow Place traded for $2,300,000 back in 2004, though we have no idea what kind of shape it was in. This house, though, has been recently renovated. So what do you think?
47 Willow Place [Corcoran] GMAP P*Shark
Now that the brokers have been routed, this site isn’t half as much fun.
I’ll bet anyone a Benjie this goes in the twos.
and what 4:11 does, everyone must do.
3:12 etc here. the broker at BHS I work with told me that they had gotten the listing for 135 joralemon & it was going up on their site soon. I asked her as soon as I saw it was gone b/c I suspected it had not sold. have been watching it for awhile with curiousity (I can’t go quite that high) and as a market indicator.
I am only outraged by these asking prices b/c the anecdotal evidence I have is that sellers want to lower prices but the brokers are pushing them to hold. I just want the price adjustments to happen already. We are all just in a stalemate which isn’t helping sellers OR buyers.
the market was totally distorted by easy credit in this bubble…now let’s see where it really is.
I am holding off making offers on places because I am told that sellers would find my offers insulting, even though I am willing to pay 2007 prices, just not bullshit fantasy prices. that’s not really helpful to anyone, now is it?
Selected one, two and three-family sales in Brooklyn Heights (per NYC data)
26 GARDEN PLACE $4,900,000 10/25/07
71 WILLOW STREET $8,000,000 4/20/07
104 WILLOW STREET $3,294,975 4/10/07
147 WILLOW STREET $3,450,000 7/3/07
152 HICKS STREET $4,400,000 1/23/08
111 JORALEMON STREET $4,500,000 9/5/07
12 WILLOW PLACE $3,450,000 9/20/07
29 GARDEN PLACE $5,000,000 7/16/07
166 CLINTON STREET $3,184,250 3/26/07
39 WILLOW PLACE $3,500,000 7/5/07
yes…they are. It is fixed for 7 years and by that point they will have paid the mortgage off.
I bough a co-op in the west village in May 2006 and took a $1.1MM 7/1 arm at 4 and 5/8th. I could pay the mortgage off today, but have it as cheap leverage on my balance sheet.
omg. nobody who is buying a 3mm home is using products like 7/1 ARMs
I’m not sure why people are calling a peak in 06/07 when the city records — and every realtor report — show they are up in every category.
And let’s keep in mind that the comps from the last few years were based on easy and cheap credit when buyers could get 7/1 arms for $1MM plus for 5% or less….not the 6-7%+ of today.
John McCain is to Brooklyn Heights because he’s as stale as white toast, just like 75% of Brooklyn Heights residents.
Not you, 3:55. You sound great.