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545 3rd Street was an Open House Pick last fall when it was listed for $2,775,000. That pricing plan didn’t pan out, though, and the listing was yanked in March. It reappeared last week with a new price of $2,575,000. It’s a very handsome house, with tons of original detail, though we suspect that the lack of kitchen and bathroom photos means that those areas could use some updating. Great-looking place though.
545 3rd Street [Douglas Elliman] GMAP P*Shark
Open House Picks 10/2/09 [Brownstoner]



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  1. is it really the brokers who overprice of the owners? when people need to move a property they don’t usually fall for that baloney and get with the program.

    people just generally seem like they don’t need to sell (with a capital N), they’d like to make some kind of move, but not if it means they’re leaving a cent on the table. that’s kind of a half serious seller. reminds me of just about everything you see on craigslist. “used for two years, its mint save yourself 10%”

  2. I doubt very much that ten to fifteen percent of New Yorkers can afford a two million dollar house. Maybe 1 to 2 percent at most. And most of them live in Manhattan and would never dream of moving to Brooklyn.

  3. “2006 when middling townhouses woudl get multiple offers over ask the same day”

    Without the convenience of available comps, asks are the next best thing. They rise and fall togethter like Bonnie and Clyde.

    Wow! Down a buck fiteen today! I love the color red.

    ***Bid half off peak comps***

  4. Minard — I take it you weren’t looking at houses in 2006 when middling townhouses woudl get multiple offers over ask the same day.

    How long should it take to sell a property that only 10-15% of New Yorkers can afford? In most other cities, I’d be surprised if house don’t also sit on the market an equal length of time. (Of course, it takes forever to go from accepting an offer to actuall closing in NY, but that’s different).

  5. Minard,

    I, too, am offended by the brokers who over-price properties. Why do they do it? To try to impress their client with their deception? They do a disservice to everyone.

    I recently saw a dump on Wykoff Street in Cobble Hill priced at 2M when clearly no one will pay even close to that for it. It will probably sell for about 1.5M. The broker then proceeded to tell me a string of lies, diversions, and disingenuites.

  6. The listing says it’s a two family but I don’t see a second kitchen on the layout. Also they say nothing re mechanical upgrades, nor do they say it needs work.