House of the Day: 465 13th Street
The three-story brownstone just hit the market on March 11 but it’s already received an insta-price cut from $1,775,000 to $1,650,000. The house appears to have its details in place but it comes off as a far more modest pad than, say, last Thursday’s House of the Day at 601 6th Street. And while it’s…
The three-story brownstone just hit the market on March 11 but it’s already received an insta-price cut from $1,775,000 to $1,650,000. The house appears to have its details in place but it comes off as a far more modest pad than, say, last Thursday’s House of the Day at 601 6th Street. And while it’s a million bucks cheaper than the 6th Street House, the asking price is only about $50 per square foot cheaper. Given the difference in location, condition and grandeur, we’d argue that 6th Street is a more attractive deal. That said, on an absolute level, this is a decent way for some family to get an attractive brownstone in the Slope for not crazy money.
465 13th Street [Susan Breen] GMAP P*Shark
Tyburg is right. And the “less prime” areas of other towns are correspondingly WAY lower than the “less prime” areas of NYC. Any way you slice it, NYC prices in the last few years got way out of whack but even if they go down a LOT (I’m talking 2002-2003 prices, and hence 50% declines) they will remain very expensive relative to the rest of the country and much of the world. And to pre-empt those who say NYC is so cheap compared to other “world-class” cities, please note that many of those cities are tanking too (see: London, for example) and there are many precedents for urban bubbles that collapsed precipitously (Hong Kong, etc.).
Oh Mopar… Mopar…
There are some lovely homes in deepest Queens and southern Brooklyn, BUT… #1, they are NOT affordable. And #2, since those locations lack much of the reason one would pay a ‘premium’ to live in this city, why aren’t the prices the same as Scranton? (very similar in “feel”)
Seriously. Also, crazy doubling of price tags has taken root in almost all neighborhoods. I wouldn’t feel safe living in many neighborhoods in this city, but I bet the price tags now are at least double what they were in 1999. But again, why am I paying a ‘premium’ to live in East New York or Brownsville or Canarsie or “East Bushwick”?
Rob — Do you have a pitbull? Maybe we should go buy a house in Pennsylvania. I’d like a dog, but I don’t know if I’m ready for the commitment.
“But there’s a difference between paying 500K for a 2-3 BR apt (what you would pay a few short years ago) and 1 million, which is where things headed in the past few years.”
But that’s only in a very small area, Miss Muffet. New York is full of affordable housing.
Overheard at the gym yesterday between a Park Slope mortgage broker and a Park Slope real estate broker: “There’s always some crazy sales, like that one that went for three million the other week, but I think we’re headed for 2004 prices again, at least.”
Oops, I meant ps 107.
I’m astounded that I of all people could afford to buy a huge apt just 20 minutes from midtown.
It’s across the street from ps 109, and its tiny school yard (filled all day, rotating classes in and out). If that sort of noise is your thing, I’d say at least 20% off is about right.
quote:
I just can’t think a city is healthy when salaries in the $40,000-$65,000 range pretty much means you’re living paycheck to paycheck and being pretty frugal along the way. You can’t tell me that’s healthy.
it’s not healthy. it completely sucks in every way possible. but i feel like the attitude of new york city these days is that anyone who only has the capacity to make that much money should pack up and head to pennsylvania or something.
*rob*
455 Macon Street
06/26/2008 Listed in StreetEasy by Mark David at $795,000.
09/08/2008 Price decreased by 6% to $745,000.
10/17/2008 Price decreased by 6% to $700,000.
Now listed at $695,000
An amusing line in the sunday mag article yesterday about ayoung basketball player who flies to tournaments all over the country.
Billy Clark III, a quick and slippery 12-year-old guard from the Bedford-Stuyvesant section of Brooklyn…
His father asked him, “What are we striving for?†and Billy replied, “Free education!†Billy then added a thought that sounded like a fragment of dialogue from a 1970s after-school special: “I’m just trying to get my family out of the ghetto,†he said.
http://www.nytimes.com/2009/03/22/magazine/22basketball-t.html?ref=magazine
(cue defensiveness from DIBS)