House of the Day: 87 Woodhull Street
While the exterior and backyard of 87 Woodhull Street aren’t particularly inspiring, the interiors still have pockets of charm. (Not sure what’s up with that ceiling though?) Given the fact that the house hasn’t changed hands in forty years and the glaring absence of any bathroom or kitchen photos, we’re guessing this place is going…
While the exterior and backyard of 87 Woodhull Street aren’t particularly inspiring, the interiors still have pockets of charm. (Not sure what’s up with that ceiling though?) Given the fact that the house hasn’t changed hands in forty years and the glaring absence of any bathroom or kitchen photos, we’re guessing this place is going to need a serious makeover. If this four-family house were on one of the better blocks in Carroll Gardens, they might have a shot at the $1,800,000 asking price, but Woodhull ain’t Sackett Street, so it seems like quite a reach to us.
87 Woodhull Street [Douglas Elliman] GMAP P*Shark
Miss Muffett don’t be confused I want to see if you know what you are talking about. I can tell you one thing I do.
Sam=loser
sebb = thread killer
Um, Sebb – how is seeing a house selling for 400K less than ask “getting duped”? Actually, your last post is confusing – if you’re saying that Corcoran (and presumably the other major realtors) are vastly overpricing properties, then maybe we’re actually saying the same thing. All the more puzzling how angry you sound.
: vinnie_barbarino I hear you vinn. BTW the other one is pretty sure to sell they had problems with the c of o
Sebb,
I wasn’t being negative. I think 83 Woodhull, which needed work, was asking $1.55M after a price cut. Not sure if it sold. Another house on the block was sold for a similar price. This house can be fixed up, but considering its location, is still expensive. To spend $1.8M,add $200k in improvements, and live less than 200 feet from the BQE is not a good deal.
The former CG Bstoner 36′ HOTD on 2nd Place is a better deal at $3M. A far better block. More rental income and upside.
Miss Muffett: see you are wrong again. Here is why. This is not florida > People here actually put 20% down. People in Nyc actually live in the homes. People in Nyc actually need a Lawyer to close on the home unlike many other states. People in Nyc in established Blue chip nabes like Park Slope and Cobble Hill Carroll Gardens and Bklyn heights have lived in these homes for many many years. They are not desperate to sell to some vulture like you. When you see these price cuts what you are seeing is overpriced starting prices. Don’t you get it ? look at Corcoran they price some of the homes 400k over the price it should be. Then when you see the 400k off of the closing you are duped into thinking the home went for 400k less and the sky is falling. Wake up !
Thanks Miss Muffett. Personally, if I was a buyer, I would remain on the sidelines and see how things play out in 2009 as I think the odds of prices declining are greater than the odds of prices going up. Anyway, while your posts and predictions can be repetitive (ok, often mine are too), I do think people are sometimes unduly harsh with you and I really don’t think you believe you’re moving the market with your comments. You seem very even-keeled. But I do look forward to observing the tone of your posts if and when you finally buy. Good luck in your continued search.
Biff – let me explain the apparent contradiction. A few places have cut their prices a lot, but the VAST majority have not. The ones that have not are lingering, but the sellers are in some cases being obstinate until they cave. In other words, the lower prices right now are the exception, not the rule – but that’s typical of a bubble bursting – first a few sellers cave, then the others follow. I am confident this will change in the future, and prices across the board will come down on most properties.