Novo Takes a Nosedive
What’s the matter? Don’t buyers know they’re going to have a brand-spanking-new dog run in their backyard? Novo [StreetEasy] Curbed PriceChopper: Everything Left at Novo Park Slope [Curbed] GMAP
What’s the matter? Don’t buyers know they’re going to have a brand-spanking-new dog run in their backyard?
Novo [StreetEasy]
Curbed PriceChopper: Everything Left at Novo Park Slope [Curbed] GMAP
Please keep in mind that today’s “bounce” comes at a price. The Fed’s intervention was paid for through debt and a disregard for the inflation that everyone is feeling in daily expenditures.
Funny how yesterday, everyone was disregarding Wall Street’s influence on NYC real estate and today’s bounce in financials is resulting in announcements of “All is well in NYC RE”.
Yep I made a mistake 12:25, I’d read it wrong. But whatevah. I have a friend looking for a nice 2BR in Park Slope and she can’t find one for $2,500. So good luck with your search. Rentals on larger places become very in demand and only go higher when fewer families are buying. You know that, right? You should actually be hoping these units sell, not hoping they don’t sell.
1. The exterior look of a building has little to do with the price of the apartments inside – sorry but the common exterior is very far down the list of things that the average buyer is going to be considering
2. The biggest issue for these apartments and ALL housing in NYC and countrywide – is financing – these will not sell if you cant get financing simple as that.
3. I for one am happy the prices are coming down – not because I rent – I actually own a 3br condo a few blocks away, nor because I get joy out of other people’s (i.e. richer then me) pain (like many here seem to)But because the prices were not sustainable relative to incomes. – Markets can work – this is what is supposed to happen and in the long run improves housing for all.
Wow, sounds EDGY!!!!
“I also have 4 studios in North Slope that each rent for between 1700-1800.
You underestimate prices in Park Slope.
This location is hot and only getting hotter.
In the next couple months, the owners of an East Village nightclub are opening a club here on 3rd and the Union Hall owners are also opening a club. Coffee shops, artist studios, restaurants. Lots of young people will want to live in this area so close to trains.”
Oh 12:19, your naiveté is so cute.
It’s not as if the few who will scoop up the big bonuses are buying in Novo.
Read the posting 12:17:
“We pay 3000 for our 2 bed just a block from here. and it’s a dump.”
Not $2000. Nice way to make stuff up.
Actually 12:15….if you understood what happened today…yes…there might be a few other banks that might go under…smaller ones. But do you know what that means for the bigger ones who will gobble them up???!!!
HUGE profits and bonuses for people at Goldman, JPMorgan and a few select others which will TROUNCE records past.
This economy is all about the haves and the have nots. There will be people on Wall Street this year who lose their jobs, and their will be still others who will have record paydays.
The world is not over. Take a breath.
They said $2,000 a month for the 2BR nearby that’s a dump, 12:13.
Not $3,000.
Nice way to attempt to negate a real actual comp that was presented.
Here’s the point they made: $2,000 a month for a 2BR that’s a dump means there’s no way a brand new 3BR with good amenities would rent for $2,500 a month.
“looks as though things on Wall Street are doin just fine!”
A one day bounce, woohoo. The fundamentals are still in the toilet.