House of the Day: 211 Berkeley Place
When 213 Berkeley Place was a House of the Day last year, we predicted it would sell for around 10 percent off its asking price of $2,475,000 and sure enough it closed for $2,200,000 in August 2009. Now the house next door at 211 Berkeley Place has hit the market at the remarkably similar price…
When 213 Berkeley Place was a House of the Day last year, we predicted it would sell for around 10 percent off its asking price of $2,475,000 and sure enough it closed for $2,200,000 in August 2009. Now the house next door at 211 Berkeley Place has hit the market at the remarkably similar price of $2,199,000. It’s also a beauty, with beaucoup architectural detail, but it’s in estate condition and will undoubtedly need some dough to freshen it up. As a result, the asking price may not be as much of a lay-up as one might think based on the comp alone.
211 Berkeley Place [Prudential Real Estate] GMAP P*Shark
“Located in the prime north slope on Berkeley Place between 7th and 8th, near Grand Army Plaza, Prospect Park, The Brooklyn Museum, Library, The Botanic Gardens and transportaion as well.”
11217 — My job has nothing to do with real estate. And I’m also not paid on commisssion. And furthermore, my work is completed and the quality far surpasses requirements. So, fuck off.
Also, I’m not seeing the spelling mistakes in the listing.
Ty,
Would your employer think you’re doing the best work you can do by posting on brownstoner all day?
11217 —
There’s nothing that pains me more than to see someone who CAN do good work, but throws around schlock instead because they can *get away with it.* Yeah, she could probably sell this place with a even less effort.
But, guess what, it’s not professional. It reflects poorly on Prudential and all of their other brokers. And, well, she’s not seller *her* collection of real estate. She’s selling someone else’s house — and this deserves the utmost in professional presentation and…. at minimum, she should take an extra hour to make a spiffy listing — or at least one without spelling mistakes. She’s being paid A LOT of money.
“I think you might need to start looking in Staten Island. ”
I hope he got a prenup.
Furthermore, by your own admission, it’s comps that make a difference, NOT ASK. You can’t even keep your own logic straight. Like talking to a bodega checkout numbskull.
No one has said the market isn’t down, BHO. It’s just not as down as much as you claim or want it to be.
2.8 million would have bought you a slightly more renovated house than this one at the peak. Closer to what the yupsters prefer…
Still though….2.2 for estate condition in Brooklyn. That’s certainly not a sign of the apocalypse.
I think you might need to start looking in Staten Island.
And asks are falling with comps. You used to ask 2.475 and got 2.2. Now you ask 2.2 and will get 1.9. Lower and lower. See how this works, slopefarm?
***Bid half off peak comps***
Your post, dumbass. i didn’t put these words in your mouth.
dumbinbedstuy: (2.2-2.8)/2.2 = -21%. 2.475 in 2009 was not a peak ask. 2.8 was, according to 11217 (because it was a peak comp). I happen to agree with him.
***Bid half off peak comps***