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]
In England we call people living in your own home “lodgers”. Funny business.
Brownstoner should do a survey, find how many owners rent out floors in their house. I bet its low in PS, higher in other nabes.
I think its probably a question of the rich and the old money, vs the merely affluent/new money crowd.
6.01- you don’t seem to get that some of us (I know for a fact I’m not alone) wouldn’t never dream of renting out part of our homes. Can you honestly say you’ve never met such a person?
I don’t think we talking commerical landlords here – thats a business.
everyone on this thread rents except 4:59.
some of you might even rent FROM 4:59.
5.45 – thats think before you WRITE.
Please follow your own advice.
5.48 = delusions of grandeur – thinks that his renting out of two floors in Crown Heights gets him invited to the Sultan of Brunei’s yacht party..
Having to spell it out for the idiot at 5.48 – we’re talking about renting to people in their own houses.
Before jumping into the converstaion, read the context of the discussion. Try again.