House of the Day: 712 Degraw Street
At first glance, $1,395,000 for a house on Degraw Street sounded cheap to us. Now we’re not so sure. It turns out that the building is only three-stories tall and 16.5-feet wide. If the two-family house is truly in “great shape” and has “lots of original detail,” as the listing says, it could still be…
At first glance, $1,395,000 for a house on Degraw Street sounded cheap to us. Now we’re not so sure. It turns out that the building is only three-stories tall and 16.5-feet wide. If the two-family house is truly in “great shape” and has “lots of original detail,” as the listing says, it could still be well worth it There’s no mention of any significant renovation or upgrades since the property last changed hands in 2003 for $667,000 but a doubling in price in the last five years doesn’t sound crazy. Guess it all comes down to what those interiors look like.
712 Degraw Street [Leslie J. Garfield] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
“I can say with relative certainty, that you were probably priced out about 10 years ago.”
I can say with relative certainty, that you will be waiting tables at a tgi fridays in a year.
do you think that realtors & sellers are overpricing on purpose? It is very easy to see that all potential buyers think that they are all going to get great deals and a lot off asking price.
So there may be a strategy to purposely overprice to make the buyer feel like they are ggetting a deal while you are actually getting more than you wanted?
“ok 4:50, i guess i better buy now or be priced out forever. whatever.”
I can say with relative certainty, that you were probably priced out about 10 years ago.
good for you, 4:55. we welcome you.
prices come down a bit will be the best thing possible for brooklyn. it will allow some people, who would have otherwise been forced out to have the chance to stay.
i think that’s great. and i’m a homeowner.
I was going to move to the burbs, but with prices coming down in Brooklyn finally (and more to come), I am going to stick it out.
ok 4:50, i guess i better buy now or be priced out forever. whatever.
With gas prices going this way, are people REALLY moving to the burbs these days???
the whole brokers going out of work thing is stupid. if the sales market is tanking (which it’s not here right now) it only means the rental market will be booming. people have to live somewhere…
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