Just Sold in Brooklyn
SOUTH SLOPE $850,000 497 12th Street Prewar two-bedroom, 1½-bath duplex, 1,055 square feet, with 300-square-foot outdoor space, tin ceilings, new kitchen with dishwasher and renovated bath with claw-foot tub. Common charges $340, taxes $183. Asking price $819,000, on market three months. Brokers: Kristina Leonetti and Jessica Buchman, The Corcoran Group. GMAP KENSINGTON $250,000 300 Ocean…
SOUTH SLOPE $850,000
497 12th Street
Prewar two-bedroom, 1½-bath duplex, 1,055 square feet, with 300-square-foot outdoor space, tin ceilings, new kitchen with dishwasher and renovated bath with claw-foot tub. Common charges $340, taxes $183. Asking price $819,000, on market three months. Brokers: Kristina Leonetti and Jessica Buchman, The Corcoran Group. GMAP
KENSINGTON $250,000
300 Ocean Parkway
Prewar one-bedroom, one-bath corner co-op, 850 square feet with foyer, windowed eat-in kitchen, five closets and renovated bath with Tiffany tiles; building features elevator and laundry. Maintenance $630. Asking price $260,000, on market two weeks. Broker: Jeff Surowka, Abacus Properties. GMAP
Just Sold! [NY Post]
Re the cornice: Do you have any idea how expensive it is to replace one? Our 5-story co-op has a flat facade, and we’re looking at upwards of 70k. I can only imagine what a curved one would cost. Even just pulling one down is 15k (including scaffolding).
Those bay-fronted tenements look so awful without their cornices. East New York anyone?
Seahag21 – if you have cash, be patient. You will most certainly score a deal. If you need a big mortgage, it will be harder, but I think what you’ve been witnessing is truly the final gasp of this market cycle and things will definitely change in your (buyer’s) favor.
Sebb,
Could you do some editing? I’m not a Fan of random Capitalization of Unnecessary words. Thanks.
I’m not surprised that these places are selling. My husband and I have been waiting to buy the right place for about 3 years. We just lost *another* bidding war on an apt that was on the market for 1 day and went over asking. It’s shocking, but still happening for the right apts in the right locations.
Sebb,
Your comments are bordering on ridiculous now. Manhattan prices DID drop…all you need to do is google it.
And people DO move to other states…Portland, Oregon is a very desirable city and many New Yorkers move there. In fact, MANY educated people move OUT of New York…our population increases here mainly from immigration, not from people from other states moving here.
I am a huge booster of Brooklyn and NYC as most people know, but your comments are no longer based in fact. AT ALL. You’ve officially lost it dude.
the biggest mistake that people who bought in the last couple of years could have made was buying apartments that turn out too be too small. unless they have a lot of extra cash, they’ll find that once the babies come or get bigger, they’ll be stuck in this market. i think that many buy something like 1000 sq ft for $850K and think that it’s enough space. i have talked to several families in this position. if you have an apt that’s big enough, then you can ride this downturn out.
Jonathan Miller is like that last Japanese soldier on some remote island who is still fighting for the fatherland in 1950 because he does not believe, nor accept, that the war is over and he must surrender.
if you remove a few people making high figures it removes the ability to buy highly priced properties. This then causes people living here the ability to sell their small UWS apartment so they can buy a 2 mil brownstone.
this all causes everything to come down in price.
New york has aways been expensive but over the last 10 years you have seen a huge inflation in prices caused by a small amount of people.
if prices go down to 2002 its not the end of the world for anyone unless you bought in 2005 – 2007 and honestly thats not a whole lotta people.