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]
5.54 – you have to be kidding!
Though you may be correct, I heard Warren Buffet rents out his downstairs to an Akron plumber, and Bill Gates stables have been converted into a studio that he advertized last week on craigslsit. That extra $1500 comes in handy.
so those middle eastern princes who buy buildings in nyc for 400 million and rent them out are people having to “make ends meet?”
5:34 wins for most idiotic post of the day
All of the richest people in the world are landlords. Think before you speak.
Its so seedy being a landlord, but I know -people have to make ends meet.
you have no point
5:18, people living in New York City have a FRACTION of the carbon footprint of those living in the suburbs. You are really, REALLY misinformed.
You think millions of people travelling by mass transit is worse than ONE person travelling in a car times millions??
You think the millions of people living in 500 square feet are worse than those living in 3500 sf??
You are INCREDIBLY dellusional.
Judging from most of the people I see in New Jersey, you are going to need to raise chickens and BBQ full time to keep those stomachs full.
5.19, I have sympathy renters, but I doubt many renters are “in over their heads”. You’re missing my point.
I’m guessing you are just trying to rile people up, 5:12, but you have empathy for people who own multi million dollar homes and are having them paid for by renters while living in duplexes 3 times the size of most new yorkers, but you don’t have empathy for the renters who are paying these people to own homes while wasting away all their money??
umm…ok.
you sound like a whackjob.
5:02, do you really think that communities in NJ will become unsustainable while we, here, in the center of this incredibly energy-dependent metropolis will be just fine? Every bottle of milk, every loaf of bread, every leaf of arugula we buy has to be trucked in and make its way through all sorts of traffic. air conditioning loads alone in the summer will burn out the thickest undergorund cables. IN the burbs if there is a power outage you barbecue, in the city, apartment dwellers have no elevators or water, the subways would not run, the traffic lights would go off.
At least in NJ you could grow your own vegetables and keep a few chickens.
This city is the most environmentally unsustainble place on the planet. it is entirely artificial. and it runs mostly on coal-powered generation. Not only are the streets choked with traffic but underground electric trains are using coal-generated energy at an incredible rate. It is ridicuous to be so smug. NYC is not environmentally friendly and it never was.