Open House Picks
Park Slope 338 4th Street Brooklyn Properties Sunday 11-12:30 Brown Harris Stevens Sunday 1-3 $2,195,000 GMAP P*Shark Fort Greene 14 Fort Greene Place Corcoran Sunday 11:30-12:30 $1,469,000 GMAP P*Shark Prospect Lefferts Gardens 133 Maple Street Century 21 Sunday 12:30-2:30 $1,295,000 GMAP P*Shark Prospect Heights 498 Bergen Street Corcoran Sunday 12-3 $950,000 GMAP P*Shark Two words,…
Park Slope
338 4th Street
Brooklyn Properties Sunday 11-12:30
Brown Harris Stevens Sunday 1-3
$2,195,000
GMAP P*Shark
Fort Greene
14 Fort Greene Place
Corcoran
Sunday 11:30-12:30
$1,469,000
GMAP P*Shark
Prospect Lefferts Gardens
133 Maple Street
Century 21
Sunday 12:30-2:30
$1,295,000
GMAP P*Shark
Prospect Heights
498 Bergen Street
Corcoran
Sunday 12-3
$950,000
GMAP P*Shark
Two words, people: Slim pickings!
You’re an idiot, 3:32.
The Garfield HOME is between 5th and 6th and I’m pretty certain the family who bought it doesn’t intend to build anything on top of it.
Good try, though.
1:41, 1:47, 2:12 – not sure if you’re all the same person, but as the NYT pointed out last Sunday, buyers and sellers are currently in a stand-off. Buyers (and of course the credit crunch) are causing a real shift in market sentiment but sellers don’t want to believe it, and want to keep seeing the gains of the past 10 years continue indefinitely. Well, the market is cyclical and we’re heading for a down cycle. What short memories people have – hello, remember the late 80’s/early 90’s? There are price cuts happening people. The only thing fueling the PS market now is lack of inventory but eventually, since some people will have to sell due to deaths/divorces etc, more will come on. Or maybe sellers will give up and decide to cash out before things go down further. I’m amazed by how incredibly greedy sellers have become! As for this week’s houses, the PS house looks really narrow, and I suspect they are trying to cash in on 321 zone, but that’s another thing that’s changing – parents (I know, I’m one of them) are concerned about that school’s overcrowding. I’m not sure I’d want to send my kids there frankly, so the premium placed on 321 RE is simply not worth it IMO. Bergen looks like a piece of crap, and I’m shocked that PLG is asking so much – sorry, but that neighborhood is not so great. I have friends who bought a big house there after living in PS and now wish they could return to their smallish PS apartment! I find 1:41’s comments particularly obnoxious since in fact, some houses do not sell or only sell after a significant price cut – plus, the market is changing! 1:41 is another one of those types that is in total denial about this. No, the sky is not falling – it probably won’t be an all out crash, but the run-up of the last few years has been phenomenal and a correction is due!
The reason that 86 Garfield sold for that price is because it is close enough to Fourth Avenue that a developer will be allowed to build up. That is not a reasonable comparison to other townhouses.
3:24. Treasury rates have gone down but spreads for mortgage assets have gone UP (as have spreads for practically any risk-based asset). Mortgage rates and treasuries/LIBOR don’t always travel together.
3:01, your space sounds like it was premium 2-3BR. I’m talking about 500-600 sq ft. STUDIO apartments trying to get $1050-1100 sq.ft. It’s obscene.
i sold my 300 sf studio in north slope in 2007 fsbo for 339K.
is that more than 1000 psf ?
oh, and i bought it in 2006 for 240K.
rates are going down now. . . wouldn’t that be a sign there could be a bounce back soon?
just asking!
PLG has a first rate propaganda arm, but I can’t imagine anyone with full information wanting to live there.
Asset prices (sorry, ‘home’ prices) are a function of interest rates. When rates bottomed, prices topped. We’re stagnating now and may for a long time. 2005-2007 is in the rearview mirrow.