Open House Picks
Park Slope 171 Garfield Place Warren Lewis (#5696) Sunday 2:30-4:30 $2,450,000 GMAP P*Shark Boerum Hill 401 Pacific Street Nancy McKiernan Sunday 12:30-2 $2,150,000 GMAP P*Shark Williamsburg 272 Berry Street Corcoran Sunday 1:30-3 $1,500,000 GMAP P*Shark Bedford Stuyvesant 462 Greene Avenue Chamaine Johnson Sunday 12-3 $900,000 GMAP P*Shark
Park Slope
171 Garfield Place
Warren Lewis (#5696)
Sunday 2:30-4:30
$2,450,000
GMAP P*Shark
Boerum Hill
401 Pacific Street
Nancy McKiernan
Sunday 12:30-2
$2,150,000
GMAP P*Shark
Williamsburg
272 Berry Street
Corcoran
Sunday 1:30-3
$1,500,000
GMAP P*Shark
Bedford Stuyvesant
462 Greene Avenue
Chamaine Johnson
Sunday 12-3
$900,000
GMAP P*Shark
4:03 is right, 5:08. And no I’m not the seller, either. It’s called speculative real estate. If someone with the bucks thinks the investment will pay off, they’re not going to have a problem with the seller making some amount of profit. In fact, if values weren’t increasing at all in a neighborhood, wouldn’t that be a sign to them that they should NOT buy there? So I don’t understand the logic of people getting worked up over a seller selling for a profit, either. I really believe the only reason that complaint is ever made here is because the info is so readily available now (via property shark) and if it wasn’t, only the recent sales comps would be discussed, not what the seller purchased the property for. Plus there are special circumstances that make the original purchase price discounted; the profit could be chalked up to that. Like if the property were a foreclosure, like our own house was when the man we bought it from purchased it a couple years ago. My husband and I aren’t getting all bitter about it – the guy found a deal and went for it. Good for him. We still got the house for under the typical cost of houses in the nabe.
5:29…there is always something that can be done about existing tenants… especially if you want to spend a year in landlord tenant court or give a cool 10k to some over zealous tenants who probably dropped out of high school but is well aware of the law and the booming rea estate market…. however good luck to you
The Berry property is not near the Brewery – this is on the southside, two doors down from the new construction ‘stoner posted earlier today. I thought I remembered seeing work going on in this building a couple of years ago, but not so much in the past year (though I pass by less often now). No clue if its worth it or not, but linus is right – the barometer is recent sales in the neighborhood, not what this fetched at the last sale.
5:48, Honey, there ain’t nothing wrong with it feeling like Bed Stuy! 😉
I’m not lovin Berry. Agree w/5:10 on that one.
Is it just me, or doesn’t Garfield Place look very narrow? The kitchen was the first tip off but then the bedroom with the bed positioned at an angle is a dead giveaway.
greene ave is a much better location than decatur. the area is changing quickly, feels like clinton hill (it’s 1/2 block over the border)
Given the price point ($900K), I think I prefer yesterday’s HOTD on Decatur.
Actually, I should say “a similar house that’s sold recently.” Obviously a house for sale now could also be overpriced. Point being, the only measure of whether something is overpriced is what you can actually buy for the same price–not whatever someone else paid for the place a year ago, which may or may not have been market rate at the time.
Greene Ave is a great deal on a spectacular block. There must be ways around dealing with the tenants, no?