House of the Day: 430 10th Street
The three-story house at 430 10th Street has a nice feel to it. Although relatively modest in size and demeanor, the building has some nice original details in addition to a new deck and updated kitchen and baths. The house sold for $1,200,000 in 2005 and is now asking $1,865,000. Think they’ve got a shot?…
The three-story house at 430 10th Street has a nice feel to it. Although relatively modest in size and demeanor, the building has some nice original details in addition to a new deck and updated kitchen and baths. The house sold for $1,200,000 in 2005 and is now asking $1,865,000. Think they’ve got a shot?
430 10th Street [Timothy Norton] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
4:02 — Original poster here. I strongly disagree. Park Slope has had beautiful architecture and trees and a park for a great many years, and the neighborhood has been through a few cycles. The people change. The brownstones don’t (except for when the people renovate them). The Slope is hot right now because of the humans who live here. Get rid of all of the hippy dippy stroller mommy coop shopping hipster chuck taylor wearing Union Hall drinking wannabe activist Volvo driving Slopers and you get rid of all the reasons the neighborhood is hot right now. The problem is, prices are moving out of the affordability range for those people. Park Slope is, in effect, an unstable isotope, doomed by its own success.
“Keep in mind that Park Slope and some of these other Brownstone neighborhoods have done a 360 in the last 10-15 years.”
dude, I think you mean a 180. maybe you’re a stoned park sloper but please don’t use the maths if you don’t have the know-how.
So this is an almost $2 million house? How much do you think you’d have to spend for a house that can be described as charming, visually appealing, or distinctive? Even now, a glance at various realtors’ sites seems to indicate: $4 million to $10 million. What do you think?
4:00/4:02 (I’m assuming you’re one and the same), no one is arguing that the Slope isn’t charming, desirable, and much nicer than it was 10 years ago. Sure, it’s a great place to live, whether it’s full of investment bankers or not. But you miss the question of affordability. Yes, if you bought in the nabe a while ago, and plan to stay, this is probably a non-issue for you. But in order for prices to keep going up as they have been, other people have to be able to afford to live there too. And right now that group is getting smaller and smaller, and at the same time the alternatives (including in Manhattan) are getting less expensive relative to Park Slope. I don’t think you will see anywhere else in the US where someone would demand a price increase of more than 50% over 2005-2008, for a small and not that lovely house. Really now. Watch and wait.
Still not even in a recession:
http://www.nytimes.com/reuters/business/business-usa-economy.html
ah, the reappearance of the “Manhattan Hedge Fund” bogey man. Love it.
Yes friends, when I’m not driving up the price of your gasoline by speculating in the crude oil markets, I’m hard at work changing the “feel” of your neighborhood.
If only you knew the secret handshake, I could tell you so much more …
– a hedge fund manager
(just kidding, I work in the arts)
honestly, the most competitive people in the world are park slope parents.
signed, a PS parent
“But many of the people who are coming here from Manhattan may end up disappointed that they tried to buy the charm of Park Slope and just ended up with a less conveniently located Manhattan. In the meantime, groovy Slopers who can’t afford the real estate will go somewhere else, and some other neighborhood will be the next Park Slope. And so it goes.”
I think a huge part of the charm of Park Slope lies in it’s architectural beauty, the handsome blocks, the park and the cozy yet urban feeling cloaked in a canopy of trees.
Sure, the people are important too, but I’m there mainly for the beautiful neighborhood. That isn’t going to change anytime soon.
If people choose where to live based solely on the neighborhood folk, no one would want to live on the UES or Brooklyn Heights.
“Slopers always seem a little bit stoned.”
Because WE ARE!!!
My herb guy said that he has more clients in Park Dope than any other in Brooklyn…
Not a shocker, I’m sure you’ll find.