House of the Day: 297 Vanderbilt Avenue
The four-story brownstone at 297 Vanderbilt Avenue was on the market for a while in 2007, but never sold. That might have had something to do with the asking price at the time, which started at $2,000,000 and dropped to $1,800,000 before begin pulled off the market. The odds are looking must better now for…
The four-story brownstone at 297 Vanderbilt Avenue was on the market for a while in 2007, but never sold. That might have had something to do with the asking price at the time, which started at $2,000,000 and dropped to $1,800,000 before begin pulled off the market. The odds are looking must better now for the two-family house: It just hit the market asking $1,495,000. Seems pretty reasonable to us for a classic brownstone in this location with all of its original details intact. Agree?
297 Vanderbilt Avenue [Douglas Elliman] GMAP P*Shark
Antidope, to be fair. I’m making nice returns on my pile of cash which I suspect is the case with MFN – far far better than folks who bought houses recently. Currently, not buying is the financial winner. if future changes, yeah, we’ll eat our words.
“With this money you could have bought a brownstone in Prime Brooklyn in perfect condition with cash ten years ago. These people here ask you to get a debt of as much as you saved, be a landlord, pay private for a so so building needing a reno in a fringe area. All in a much worse economy than 10 years ago.”
Posted by: bklplebe at September 22, 2009 4:00 PM
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Exactly, and thank you.
“However, with mortgage rates at these levels, it is beginning to look foolish not to have one.”
We will surely enjoy those low rates for many years to come while prices are getting lower.
If not then we will enjoy high rates just the same as re will be crushed immediately.
MFN-did you build a tent in your living room with your benjamins? it’s not like you accept the 1% return the bank is offering since it is probably not safe. also, do you talk to your kids about the world the way you talk here? Yuk yuk yuk. you’d be better off spending a few on a therapist to work through your self-image issues. but thanks for sharing your personality. it’s always a swell read.
However, with mortgage rates at these levels, it is beginning to look foolish not to have one.
Posted by: daveinbedstuy at September 22, 2009 3:56 PM
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Couldn’t agree more…
If you’re willing to lose equity short-term, the federal government is nothing short of begging you to take on debt by reflating every asset class, primarily housing, at every turn.
I’ll apologize to my daughter for the debt service her generation will be paying off for us when she’s old enough to understand…
“I think that the upper kitchen is more of a ‘snack kitchen'”
That’s alot of snacks!
Odd location for a kitchen in a 2-family. This house is best used as a one-family.
“Funny, I’m sitting on about $800K in cash”
With this money you could have bought a brownstone in Prime Brooklyn in perfect condition with cash ten years ago. These people here ask you to get a debt of as much as you saved, be a landlord, pay private for a so so building needing a reno in a fringe area. All in a much worse economy than 10 years ago.
It wasn’t you who said it, MFN, it was bklplebe.
However, with mortgage rates at these levels, it is beginning to look foolish not to have one.
if this baby doesnt sell around 1.3-1.4M, who will I be fighting with when I try to low ball it at 999k? dont worry, I wont shove in an all-cash offer