House of the Day: 599 5th Street
This new listing at 599 5th Street will be an interesting barometer of the market. It’s a beautiful limestone house on a park block that’s got tons of detail and is in excellent shape; it’s the kind of place that should have almost universal appeal. We also like the fact that the two-story extension solves…
This new listing at 599 5th Street will be an interesting barometer of the market. It’s a beautiful limestone house on a park block that’s got tons of detail and is in excellent shape; it’s the kind of place that should have almost universal appeal. We also like the fact that the two-story extension solves the perennial problem of how to fit the kitchen on the parlor floor. The asking price is $2,400,000. We can’t wait to see what it sells for. There’s an open house on Sunday from 1 to 3 p.m.
599 5th Street [Brown Harris Stevens] GMAP P*Shark
That was fine by me, wasder.
Sad that Miss Muffett left though. She took the heat pretty well and stood her ground.
I can’t be any more bullish about the real estate market than to hope things stay as they are. That would continue to price many of the sane posters here out of the market and I feel for them.
Nothing could drive me out of the kitchen!!!
Yes, I meant “associated with team bull.”
Agree, DIBS. Ask is irrelevant as an indicator.
Simplified:
Team Bear:
What-the original raving lunatic. Hates everybody and wants us all to fuck off and die. Sometimes I cut him slack because I can kind of see where he is coming from on a meta-level but really his goals are antithetical to most people on this site.
BHO–wannabe What and purveyor of all things venemous. Though married with a child and well educated, he comes on here pretending to be a bad boy and predicting with glee the end of Brownstone Brooklyn as we know it. Easily the most egotistical poster on the board.
cornerbodega–either a sock puppet of the What or just a moron.
Lechacal–the gentleman of Team Bear.
Many others who are in general agreement that prices will come down 30-50%.
TEAM BULL
DIBS–I think slopefarm articulated Dibs position fairly well (Dave?). Takes the heat but stays in the kitchen.
Sebb–the most bullish (many would say delusional) poster on the board. Everything is always good in sebb’s real estate world.
Me and Slopefarm and lots of others—just hoping things stay about the way they are because we like our lives in Brooklyn. I would imagine that many people on the board fit this category.
slopefarm…..that was a pretty good assessment of life on brownstoner.
I do believe that everything should sell at 10% below ask. This one though, I think is a winner.
That may come back to bite the seller or the broker though. If it does indeed sell quickly and close to ask, there will be finger pointing by the two that it was underpriced. If they had priced this at $2.9 MM I certainly would not be saying 10% off.
“Then there are those of us who are deemed associated with team bear…” you doubtlessly meant deemed associated with Team Bull. this is me as well.
slopefarm–thanks for that seriously. Just because I don’t think the sky is going to fall I end up “siding” with Team Bull, even though I know we are in for a world of pain. I just don’t think its going to be the Fort Apache, Bronx of BHO, What and cornerbodegas wet dreams.
Mano,
You need to go back and read past threads to pick up on the argument. In the crazy world of economic argument on this site, it seems that “treading water” or “not so bear” is the stance of many who have been identified as “team bull.” Team bear is reserved for those predicting something substantially more dire than recession followed by recovery, and something more severe than a modest decline in brownstone prices.
For team bear, look for posts by the what and brownstones half off (see, it’s right there in the name). Team bull is often, but not solely, represented by DIBS, who seems to be predicting a rise in the Dow and S&P some time this year that may or may not continue as a trend, brownstone prices holding roughly steady at current levels for the time being, and recovery some time down the road (pointing out that stock market is a leading indicator). That’s my read of it anyway.
Then there are those of us who are deemed associated with team bear who do not take a forecasting position at all but are lumped in simply because we object to the glee and venom with which team bear selectively reports bad financial news, and seems to wish personal and financial ruin on those who disagree.
There, now you have a scorecard.
Manofelt is right, this house is just within PS 321 (south side of 5th St. is not). Mopar, you’ve clearly never been inside one of these homes. Nothing tiny feeling about them. The biggest drawbacks, would be the F train, and that this is an access street to Methodist Hospital. Even with hospital traffic this is a very quiet, beautiful and well maintained block.
This place has a powder room on the parlour floor and lots of closet space in each of the bedrooms. Not often found in a lot of places.