Multiple Price Cuts for Heights Houses
Not even Brooklyn Heights, the bluest chip in the borough, is proving immune to the pressures of a weakening market. Exhibit 1: Three of the lower-priced houses on the market in the area have recently had to undergo price reductions in their bids to find buyers. The most surprising of these, in our opinion, is…
Not even Brooklyn Heights, the bluest chip in the borough, is proving immune to the pressures of a weakening market. Exhibit 1: Three of the lower-priced houses on the market in the area have recently had to undergo price reductions in their bids to find buyers. The most surprising of these, in our opinion, is 72 Middagh, a 3,450-square-foot former school house with its own parking that recently underwent a pitch-perfect renovation. This one started out three months ago at $2,995,000 and was just cut to $2,895,000. The historic colonnade of 47 Willow Place was not enough to reel in a buyer at the initial asking price of $3,450,000, so after just five weeks, it too had its price trimmed to $3,200,000. These two cuts follow the unsuccessful efforts of a succession of brokers to unload the suburban-modern carriage house at 43 Love Lane. Brown Harris Stevens, Stribling and Halstead gave it a go for most of last year, starting at an original asking price of $3,500,000. Coldwell Banker took over in February at $2,995,000. With no better luck, they cut the asking price to $2,745,000 at the end of April. Where’s the bottom on this stuff?
72 Middagh Street [Corcoran] GMAP
47 Willow Place [Corcoran] GMAP
43 Love Lane [Coldwell Banker] GMAP
House of the Day: 43 Love Lane [Brownstoner]
HOTD: Love Lane Buyer, Wherefore Art Thou? [Brownstoner]
House of the Day: 72 Middagh Street [Brownstoner]
House of the Day: 47 Willow Place [Brownstoner]
Oh whatever, the creators and writers of Sex and the City are all gay men writing what they imagine women to be. Which is totally inaccurate. Fun to watch, but inaccurate.
Secondly, they are going with the Brooklyn jokes of ten years ago. SO dated. They should have made this movie the year after the show ended. Now it’ll just be a lot of attractive but wrinkly middle aged ladies with dated tired jokes shot in soft focus so we don’t see how old they’ve become.
(Love these actresses – just think it’s dumb to shoot a film several years later and try to pick up where it left off ages upon ages ago).
That said of course I’d rather have a huge pad on Park Avenue! But we had $1.5 million to spend not $10 million.
Charlotte is the dumber of the four. Where was Samantha???
Speaking of getting whipped into a frenzy, did anyone catch Sarah Jessica Parker on Inside the Actors Studio the other day? I loved the clip of the upcoming Sex and the City movie, which included the following exchange:
Carrie: “For now, can’t you stop worrying for me and go ahead and feel what I want you to feel? Jealous. Oh, jealous of me living in this gorgeous penthouse in Manhattan”.
Miranda: “Alright, I’m jealous. You live in reals estate heaven and I live in Brooklyn”
Charlotte: “New York Magazine said Brooklyn is the new Manhattan.”
Miranda: “Whoever wrote that lives in Brooklyn.”
http://www.youtube.com/watch?v=eXJ4wKfdJIE&eurl=http://nymag.com/daily/intel/2008/05/sneak_previews_of_sex_and_the.html
I still say Al Di La is overrated, 12:12. I have never had a meal there I thought was genius. I was not “bashing” Park Slope. Where did you see that? I see that I said “Park Slope is great”.
As for the other restaurants sure they’re okay. Just okay.
11:58 is right, the only subway even worth thinking about in Park Slope much less taking in the morning to work is the B/Q at 7th Ave. The best PS area to be in is North Slope, or in Prospect Heights, right around that stop. Subway options are as important to think about as any other factor in buying real estate for parents. People want to spend that extra 30 minutes with their families at home, not on the train. If your commute is longer you end up having to curtail the time you spend at the office, which can be detrimental depending on your work environment and bosses.
I’ll preface this by saying that I live in Prospect Heights, but I don’t find Al Di La overrated at all. Zagat doesn’t either, it would seem. I love the food and the service is excellent. I think it rivals Batali’s Lupa in Soho anyday. I’m also a fan of Moim, Oshima, Barrio, Ghenet and Alchemy in PS.
Just my two cents.
Continue on with the Park Slope bashing if you must…
11:50 is correct. When I started looking in Bed Stuy the commute issue moved from a negative to a positive once I realized how fast the A train into midtown is. Utic Ave stop to 34th Street…25 minutes.
Most neighborhoods already have or will be getting better amenities, and I WAY prefer the restaurants in Williamsburg which clearly have the superior chefs (though I wouldn’t live there). Dining in Park Slope is all mediocre family-casual blah. (Please don’t mention Al Di La in response, it’s totally overrated). But of course Park Slope offers things the other neighborhoods don’t have. Park Slope is great. It’s just not “The Best”.
Why does your neighborhood have to be “The Best” for you to enjoy it? This is that hyper competitive elitist thing people love to bash in Slopers.
Anyhoo. Regarding the topic of the thread, HUGE difference between price drops going from overpriced to still above recent comps, which is what’s happening here, and going from market rate to below market which is not the case here. As usual Brownstoner posts a topic worded in a way to whip everyone into a frenzy. And you all fall for it.
I take the Q at 7th Avenue in PS and I’m at Canal in 15 mins, door to door. 20 to Union Square.
Can’t beat it.