Open House Picks
Fort Greene 62 St. Felix Street Douglas Elliman Sunday 2:30-4 $1,495,000 GMAP P*Shark Clinton Hill 239 St. James Place Brooklyn Properties Sunday 2-4 $1,295,000 GMAP P*Shark Dyker Heights 1210 Bay Ridge Parkway Century 21 Sunday 12-3 $949,000 GMAP P*Shark Prospect Lefferts Gardens 102 Rutland Road Century 21 Sunday 12-1:30 $895,000 GMAP P*Shark Slim pickings this…

Fort Greene
62 St. Felix Street
Douglas Elliman
Sunday 2:30-4
$1,495,000
GMAP P*Shark
Clinton Hill
239 St. James Place
Brooklyn Properties
Sunday 2-4
$1,295,000
GMAP P*Shark
Dyker Heights
1210 Bay Ridge Parkway
Century 21
Sunday 12-3
$949,000
GMAP P*Shark
Prospect Lefferts Gardens
102 Rutland Road
Century 21
Sunday 12-1:30
$895,000
GMAP P*Shark
Slim pickings this week! Guess there’s still a holiday lag in effect.
Let’s talk about the houses on Monday when you’ve looked them over. We can talk about Wall St/Bonuses any time.
Is anyone really trying to make the case that Wall Street compensation doesn’t impact NYC real estate. I’ve lived in NYC for 25 years and the worst market I saw was in 1987-1991. The stock market crashed in 87 and Wall St. employment and compensation we impacted fro several years afterwards.
I also work on the street (not at the high end) and after backing out the non cash portion of the bonus and the IRS’s cut, I have $50 – 60k left. Now, how much brownstone can that buy.
Also, I think that majority of people on the street fall into this bucket.
Hi…My daily visit leaves me wanting to leave you a message.
For the most part we know our bonus structure and on the high end (which I am not in) they are paying off their ski houses in aspen. As much as I love brooklyn that is not where the big bonuses are going.
With that being said the folks making decent bonuses (like myself) are smart enough to know what I can and can not swing so the fact that it has not hit my account yet does not make any difference.
2:37–I’m with you on the importance of a good garden. It is what makes a brownstone a House. I’ve seen nice places that have tiny gardens or gardens surrounded by apartments and I just can’t imagine buying them. A good garden is key.
the whole bonus hoopla puzzles me. a large chunk of high end bonuses aren’t cash in the first place, and there is a misperception that bonus recipients want to buy real estate, simply b/c they can afford it. the fact is that the vast majority of bonus money doesn’t go toward consumption of nyc real estate.
Visited St. James listing months ago. It was in the middle of a renovation but it looked like most of it was already completed (new stairs were an open item). Very decent listing as the three units looked to be in good shape. However, the back yard looked like a slice of Pizza because of the angled Fulton St. effect.
However, it aint movin’ so downward price pressures must be at work.
I’ve seen the Rutland road house (it’s been on the market for ever). It is very blah, with nothing special or that appealing about it. It needs major renovation. The garage is on an alley, which is very “dark alley” and worried me about possible people hanging out and break-ins(it opens onto Bedford). It’s narrown and short and not very roomy feeling. And it has no garden. Why buy a townhouse without a nice garden?? Given what things have been selling for in Lefferts Manor lately, it seems extremely overpriced. And definitely not the house for me.
Re: Wall St. Bonuses,
What did these bonuses do for the brownstone market last year? This year, bonuses are larger but the market is weaker. Thus, I would expect any difference to cancel out.