House of the Day: 430 10th Street Revisited
This house at 430 10th Street has been on the market for-effing-ever. After selling for $1,200,000 in 2005, the new owners started out trying to get $1,865,000 last year. By August of this year, the ask was down to $1,650,000 and in September it was reduced further to $1,595,000. Since the broker doesn’t even have…
This house at 430 10th Street has been on the market for-effing-ever. After selling for $1,200,000 in 2005, the new owners started out trying to get $1,865,000 last year. By August of this year, the ask was down to $1,650,000 and in September it was reduced further to $1,595,000. Since the broker doesn’t even have his own website and only tiny photos are available on StreetEasy, it would be interesting to hear from someone who’s actually seen the interiors.
430 10th Street [Timothy Norton] GMAP P*Shark
House of the Day: 430 10th Street [Brownstoner]
“is this houseowner a flipper?”
Well, there certainly is something fishy about the price.
(sorry, couldn’t resist)
I don’t know the owner’s personal circumstances – I can only speculate. The impression I got from visiting the house a few times was that he lived there himself with his family (there was some kid stuff around) and now has moved out, since the top unit is empty. Who knows why he’s selling? There’s another house being sold by Corcoran on 14th Street that’s being sold mid-reno so looks like a distressed sale. And another Corcoran house (former HOTD on this list) on 13th St that’s for sale that looks like it’s not going to make back any money from what it was bought for in 2007 (and may very well lose money). Maybe all these sellers find they need cash now? I honestly don’t know but it would seem that that’s the case…
> is this houseowner a flipper?
No, he/she is a flopper.
Miss Muffet, is this houseowner a flipper? i.e. he/she bought it as an investment/speculative property?
This is listed by an owner/broker. This guy is your typical delusional seller, to make things worse, he’s a broker and thinks he knows everything. He was trying to rent before he put it on the market and was overpriced then too. He sighted some reovations he had done which weren’t all that as to why it was worth so much. It’s amazing when it comes to Real Estate how some people are so out of touch with the market, while they’re so involved.
Rob, please don’t drag me into the 11217 mudslinging – he is not posting as me! I remain baffled by the vitriol on this site. Can’t we stick to discussing the houses? I actually feel kind of sorry for this house’s owner. I think he’s going to lose money. On the other hand, that’s what can happen when you’re too greedy – ask too much at the outset and you may wind up selling for a lot less than if you came out reasonable out of the gate…
no he’s posting as stevieb, or as missmuffet somewhere. he literally logs onto all three accounts and has conversations and fights with himself in random threads, then claims people are picking on him and leaves in a hissy. it’s creepy, and kinda sad actually.
*rob*
is he really gone?
DIBS!!!
Speaking on hating on someone, your buddy blankfein at Goldman says bankers do “God’s work”. ROTFL!!
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http://www.nydailynews.com/money/2009/11/09/2009-11-09_goldman_ceo_says_hes_doing_gods_work.html
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing “God’s work.”
In an interview with London’s Sunday Times newspaper, Lloyd Blankfein also said he believed big profits and bonuses at banks were a sign that the world economy was recovering.
“We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. We have a social purpose,” he told the paper.
The dominant Wall Street bank posted third-quarter earnings of $3 billion and plans to hand out more than $20 billion in year-end bonuses.
Blankfein told the Sunday Times that the bank’s compensation practices correlated with long-term performance.
“Others made no money and still paid large bonuses. Some are not around anymore. I wonder why?”
He added that he understood, however, that people were angry with bankers’ actions: “I know I could slit my wrists and people would cheer.”
Read more: http://www.nydailynews.com/money/2009/11/09/2009-11-09_goldman_ceo_says_hes_doing_gods_work.html#ixzz0WOFnpCTb