House of the Day: 73 Willoughby Avenue
This new brownstone listing at 73 Willoughby Avenue isn’t perfect but it’s still pretty nice, nice enough that we suspect its $1,499,000 asking price will attract some interest. Two negatives: The house is only 40 feet deep and it’s been cut up into three units. Two positives: Nice bones and good location. Now for the…
This new brownstone listing at 73 Willoughby Avenue isn’t perfect but it’s still pretty nice, nice enough that we suspect its $1,499,000 asking price will attract some interest. Two negatives: The house is only 40 feet deep and it’s been cut up into three units. Two positives: Nice bones and good location. Now for the market to decide.
73 Willoughby Avenue [Douglas Elliman] GMAP P*Shark
Good point Joe, but it’s not an even trade IMO. The difference is the commute time (plus cost too), and the trend in the country has been for people to try to reduce their commutes, hence the flight back to the cities that many large metros have seen over the past decade.
very unusual to have 50′ built originally…some have with extensions.
I bet there are far far more 30′ and 35′ deep houses than 50′.
Forty is quite common — and would never call it ‘only’.
One thing that boeys them up is that in a place like NYC, when they start coming down, they become more affordable for people that are commuting in from rentals outside the city,
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yes, but then rents outside the city go down and you have people leaving the city to pay even less there. seems like a wash to me.
Dave, I do, but then that’s because I do finance for a living!
BHO, I said somewhat captured, not fully captured. Of course rents will come down some in a recession, but it’s not like they have fallen off a cliff. One thing that boeys them up is that in a place like NYC, when they start coming down, they become more affordable for people that are commuting in from rentals outside the city, so even though you lose some people due to job/income losses, you gain a lot as well.
sure,dibs. i believe the technical definition is as follows:
a recession is when your neighbor loses his job.
a depression is when you lose your job.
furthermore, bread comes in packs at costco. seriously.
Bernanke will not monetize the Ciabatta?
Bernanke will not monetize the debt???
Bernanke will not monetize.
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Curious BHO. What makes you think that?