House of the Day: 859 St. Marks Avenue
This 7,000-square-foot one-family limestone house at 859 St. Marks Avenue in Crown Heights has some pretty darn impressive old-school credentials but is gonna take a lotta love to get it back into shape from the looks of things. Which might explain the slide in its price from $1,500,000 when it was first listed last June…
This 7,000-square-foot one-family limestone house at 859 St. Marks Avenue in Crown Heights has some pretty darn impressive old-school credentials but is gonna take a lotta love to get it back into shape from the looks of things. Which might explain the slide in its price from $1,500,000 when it was first listed last June to its current price of $859,000 (with a couple of stops at $1,400,000 and $1,200,000 along the way.) Someone’s going to have to fall in love at some point—the question is at what price. And if that person has kids, he’s in luck: The Children’s Museum is right across the street.
859 St. Marks Avenue [MM Management] GMAP P*Shark
Dave – you were right
What,
I tried to give you the benefit of the doubt, but it appears that I was a bit to generous. I will ignore most of your incoherent ramblings but for two.
Moody’s and S&P would be out of business if they downgraded S&P. Think of the reaction of Congress if those to entities suddenly made it harder for the legislative body to fulfill the “will of the people”. Not going to happen. Not unless Moody’s and S&P want to make their life harder.
With regards to Asia…you do an amazing job of going to Google News and cutting and pasting. While shifting through the mess of a central news portal is quite a feat, you lack the prerequisite analysis skills to decipher what you are reading.
Asia will be there to buy our bonds. I think there is some truth to the whole decoupling story that folks were talking about during the early part of this decade, but has been ridiculed since the onset of the current financial crisis. China and India with their immense population will continue to consume and grow. We see it today, both economies seem to be emerging from this global recession most quicker than their western counterparts..what will they do with all their money. Sure some of it will go to fund infrastructure projects and capital investment. However, where will they store their cash?
The rest of the world will be there to buy our bonds. Why? Because the US is and will be the largest most stable economy in the world. Asian can either hold their cash in their own loosely regulated financial institutions or buy the only known risk free asset in the universe. Interests rates will certainly rise, but to 15%?!?! c’mon…admit your exaggeration and move on brother.
Wow…that is a lot more than I thought I could write in 5 mines
What, you are an interesting character my man.
Hey – with all this talk of interest rate curves, can you tell me what a basis trade is or a butterfly? Obviously no way to verify if you really know the answer or not, but at least you be honest with your level of expertise (or lack thereof?)
bkny, don’t let cornerbodega know that you live in the ghetto. He is the be-all and end-all keeper of what is defined as good and what is not. 🙂
and at a great value….
lechacal – i agree. 3000sq ft is good for a family of 4-5. i love this house but it’s really to much living space for me. i would need to hire someone to clean it. i like one family living, so i would not be interested in renting to tenants. as far as quality of life & value – that is so individual. i think i have a very good quality of life in bed-stuy, others may differ and say how? but i have good friends, my children have lots of friends, a spacious home and a quick commute to work. so overall i would say that it’s a very good quality of life.
So how much would it cost to turn this into an SRO?
I find it hard to wrap my head around the concept of living in 7000 square feet in Brooklyn. The house I sold in the CT suburbs a couple years ago was around 5000 sf, and that was enormous. One of the reasons we moved back is because it felt strange to live in so much space. Add another entire house on top of that and it’s just immense. It takes a small fortune just to furnish that much space in a civilized manner.
Depends upon whether any jackass has too much to drink or not 🙂
l, I hear you, but I wonder what kind of rental income you could get out of that? I mean, you could live very grandly in 3500 sft and you should be able to get two or three more apts out of it. Could pay a lot of mortgage with the rental, maybe not 1.8 mil tho.
will there be further use of “asshole?” 😉