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!
PLG is a dump. Period.
It’s not strange at all. Like I said, the Maple St. house is an absolute dump on the INSIDE.
here is the across the park link:
http://acrossthepark.typepad.com/atp/2007/07/craigslist-tidb.html
What product is stagnating, 2:05??
There are about a dozen brownstones on the market in Park Slope. If that.
You noticed the words SLIM PICKINGS in brownstoner’s own words today?
Where is all the inventory you speak of?
I certainly don’t see it.
Anyone expecting to get a nice house in Park Slope for under 2 million is dellusional.
133 Maple was listed in August for 1.095 (it was featured on accrossthepark.com:
http://acrossthepark.typepad.com/atp/real_estate/index.html
Strange that 4 months later it is still for sale and is now asking 200K more. What is with that???
The fort greene house seems like the worst of the bunch. In order to move in, three units need to be converted to one. How long will that take? ten months? the ground floor tenant is protected so expect no rent from him without a court order. So you pay 1.46 million for a house you will only partially own until the renter dies and you will need to sink about 400,000 dollars and a year to make the top floors livable. A heavy lift.
Folks, the evidence is piling up. Park Slope house prices are too high and the product is stagnating. Sellers are believing their own PR too much. Guess what: the property market grind is snagging brownstones too.
Anybody paying close to ask on these things will not get out in the black for at least five years and maybe closer to seven. That’s just to break even.
No bed Stuy property this week and last week. Mr B are you making a statement? nothing worth seeing there?
The park slope place seems nice in the photos, if kind of small. But, a reality check on the cost shows that it’s far overpriced. Putting 20% down, you’d have a mortgage payment of about $12,500 a month (yes, you’d get some back at the end of the year, but not that much). You’d have rental imcome of about $1800 for the less than 600 square foot one bedroom. So, aside from the cost of heating and maintaining the place — mortgage payment alone — you’d be looking at over $10,000 out of pocket every month. That’s a lot.