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 is not a problem with the neighborhood, which is still very desirable to many people (obviously not to those who think it is “boring”). It is a case of substantially overblown asking prices for particular houses that have drawbacks. Yeesh! Are we going to have another Park Slope is better thread?
The only thing more boring and dull than Brooklyn Heights is crashing thud of another stupid Park Slope hijacker. That’s nice that you like your neighborhood, but must you insert it into every thread? So boring and predictable and self-involved.
10:46…One of the main reasons Brooklyn Heights is dull though is because it is lacking in bars and restaurants.
Park Slope will always have 5th and 7th Avenues, even if they go through their ups and downs. It will also always be right on a park. I’m not saying it’s better (and no, I don’t live there) but it does seem that people these days seem to be preferring it over Brooklyn Heights, as prices come to be more in line with one another…
The ONLY real benefit I see about BH is a 15 minute closer commute.
But many in Park Slope probably don’t leave their neighborhood much on the weekends as whenever I go there it feels like you could never leave, if you didn’t want to.
Something about Brooklyn Heights seems to have lost it’s luster.
People seem to really be craving a neighborhood where the services, shops, boutiques, bars and restaurants are all within walking distance.
Brooklyn Heights doesn’t really have that. It’s mainly for the old money types or those that really seem to spend most of their time in Manhattan.
Personally, if I’m going to spend 3 million, I want to be able to live in an all inclusive neighborhood. Otherwise, might as well go to Greenwich.
See my point?
Yep, 10:35, this exactly where BH is in the neighborhood life cycle and where PS is going. Evetually a neighborhood becomes very homogeneous and only people with lots of cash can afford it and then it’s very nice and very dull.
Funny thing is everyone comes out when the Houses drop in price but yesterday when the Houses that Closed were shown, nobody says a word.
here we go… boring.
I have to say that the house on the left looks like its straight out of my neighborhood – Greenpoint.
@10:29 my guess is brooklyn heights, while beautiful, is a total snore. restaurants & other neighborhood amenties are only very “meh”.