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]
“It’s only 15 minutes closer if you’re going to the financial district. If you are going to Canal or above, it’s faster to take an express train over the bridge from BH, PH, or north slope.”
Are you on crack? Or have you not looked at a subway map. There are several express trains taking you to canal and beyond faster than any train coming from PS. I know, I lived in both areas.
In fact in just as fast or faster for me to get Canal & above on the A express from my new place in Bed Stuy than it was from place in PS.
Wow Biff…that’s a really nice thing to say about pride of neighborhood. I’d have to agree with you on that.
I also have a sneaking suspicion that most of the comments on here made about Park Slope are people just trying to get a rise out of people. I don’t think most of them probably even live there.
Just a hunch.
I too am sick of the Park Slope is better than X in every damn thread. It’s weird!
(and I do love that Park Slope is now a shorter commute than BH.)
Re: Love Lane, 10:20#1 is dead on. No matter how nice (or not) the carriage house is, the pending development and unattractiveness of the street make it a very tough sell.
As for the boorish insertion of Park Slope, maybe some posters are over the top in their defensiveness, but I find something admirable in the pride the residents of that neighborhood have.
Brooklyn Heights is a lot like Boston. Don’t get me wrong — I like Boston, and grew up there (Go Sox!), but I left because I had to keep checking my pulse to see if I were still alive.
No juice, was the issue.
11:17 – Park Slope is fine. It’s the boorish insertion of Park Slope into every thread that is annoying.
fair enough biff.
all of brooklyn is great, in my opinion.
11:22, yes, I live in BH and never denied it. But I’ve also been critical of it on certain threads for various reasons and I’ve never denigrated Park Slope (or any other neighborhood for that matter), which I find to be a fantastic neighborhood and I love visiting. If I were interested in moving, I would strongly consider going to Park Slope.
“Why bother buying when you can rent at a much lower price?”
To answer this idiotic question that someone writes in response to every house for sale ever discussed on this blog: because when someone buys now and pays the mortgage for 20-30 years, they will have a place to live during retirement. At that point you will be on the street because you thought you were saving by not buying, but you will find you have higher rent and no more income. Buying is forever, the mortgage is not.