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
A loaf is a loaf, wasder, whether you slice it is another matter.
I never bought an individual unit of bread. i suspect if I went into the bakery and asked for an individual unit of bread, I’d get laughed at at best.
If I went into my deli here near the office and said I wanted roast beef on two individual units of rye with Russian there’d be even bigger trouble. 🙂
Do any of you morons know what you’re talking about vis a vis the definition of recession & depression? No, I thought not.
“Ciabatta is bread, wasder.”
This I know but seems like I always see it in individual units while loaf implies something that is cut into many pieces.
“while the recession will drag on, it won’t likely become a depression”
Uhh…a dragged on recession is a depression. Done deal. Deflationary spiral. Bernanke will not monetize. 1930’s all over again. More war.
***Bid half off peak comps***
You know my strategy for dealing with the 8000 DOW. Anyone who tried to time it most likely did not and if they stayed out, completely missed the rally. Which, by the way, has not stopped. Talk about opportunity cost!!!!!
“Here we go again with the 10X rent bullshit!!!!!”
Brought to you by the creator of the 8,000 DOW / 800 SPX bullshit!!!!!!
Call bullshit on the “brokers and investors” referenced in the 2003 NYT RE article, DIBS.
I’m just the messenger!
***Bid half off peak comps***
The ask prices certainly don’t cash flow, but if you look at the prices things are actually selling at, it’s reasonably close. Of course, it all depends on your assumptions, such as where rents will go (and while the recession will drag on, it won’t likely become a depression), how much you factor in for repairs, what occupancy rate you use, etc.
“the rental market is somewhat captured”
Then why have rents fallen MOM and QOQ, ncarty97 @ 4:03? YOY is slowing and will likely get red. And why the “tenants not paying rent” story in today’s links? It aint 1997 anymore!
***Bid half off peak comps***
Here we go again with the 10X rent bullshit!!!!!