This Weekend's Open House Picks
Park Slope 146 Sterling Place Douglas Elliman Sunday 12:30-2 $2,995,000 GMAP P*Shark Fort Greene 76 South Elliott Place Brown Harris Stevens Sunday 2-4 $2,795,000 GMAP P*Shark Fort Greene 135 Saint Felix Street Corcoran Sunday 1-4 $1,699,000 GMAP P*Shark Bedford Stuyvesant 522 Madison Street Corcoran Sunday 10-11 $624,960 GMAP P*Shark
Park Slope
146 Sterling Place
Douglas Elliman
Sunday 12:30-2
$2,995,000
GMAP P*Shark
Fort Greene
76 South Elliott Place
Brown Harris Stevens
Sunday 2-4
$2,795,000
GMAP P*Shark
Fort Greene
135 Saint Felix Street
Corcoran
Sunday 1-4
$1,699,000
GMAP P*Shark
Bedford Stuyvesant
522 Madison Street
Corcoran
Sunday 10-11
$624,960
GMAP P*Shark
12:00…if you based any decisions on the anonymous posters on this blog (many of whom post over and over and argue with themselves out a sheer amusement) you are more ignorant than anyone else on here.
i’m being serious. you are really stupid.
12:11 – sellers always have the right to turn down low offers. However, in this market you’re seeing more sellers who get it, and who realize that if they’re greedy, they’ll be holding their property through a worsening downturn while (i) inventory grows, (ii) other more realistic sellers all around them sell their properties, and (iii) their property value continues to erode.
Make an offer you’re comfortable with. Make an offer you can afford. In this market, 15-20% off of 2007 comps is a good starting point. Closely examine the rent v. buy equation – renting is way cheaper than buying, and prices sure as hell aren’t going up in the next couple of years, so there’s a lot of sense to saving that $$$.
Just out of curiosity, what is considered a low ball offer in Brooklyn? Seems like most houses are selling well below asking price…and others have suggested on this site before that sellers are turning down low offers.
Thanks to all who have posted thoughtful arguments on both sides of this hot topic. Although I wanted to believe I was making the best decision to buy now, I got nervous and withdrew my offer (of 8% below asking) last week. Readng these posts has confirmed my feeling that I have made the right decision for my family (three kids to send to college, I care about the possibility of losing money).
This is 11:54 again. Just for clarification, I am not the What but someone who has worked in the financial sector in NYC for over 20 years.
It has never been this bad during that time. Not in 1987, not in 1991, not in 1998, not in 2001.
Rents and prices are coming down.
Manhattan inventory is growing like a daisy in fresh, steaming shit.
Jobs are being slashed.
Those who have jobs are making less.
NYC’s revenue base is going to be decimated for at least a couple of years.
Local schools and infrastructure will suffer.
Local businesses will suffer.
It’s all bad.
You people are disgusting. Life is not all about what your house is worth. I just scraped together every cent of savings I had, plus borrowed, to buy a broke down disgusting (cheapest on the market, seriously) house in Park Slope. It’s a termite infested money pit. And I don’t regret it! Because having grown up in the neighborhood through the disgusting 80s, the okay 90s and the 2000 boom years, I’m happy to live in it in any of its incarnations. I bought my house to LIVE IN, not to boast about how much it will be worth in 30 years, or in 50, which is about how long I hope to stay. You’re all greedy and I hope the economic downturn chews you up and spits you out. Me? I’ll rent the whole house if I need to, but I’ll hold on to it, even if it takes 10 years for the economy to straighten out. And once it does, I hope the value goes down 50%! That way all my friends can move to the neighborhood, too. If you can afford to think about buying now, you can afford to lose your 50%! It’s just money! You’ll make more! The world ain’t gonna end on Tuesday, contrary to the What’s predictions.
Seriously, is that the Bada Bing? I recognize the parking lot from that incredibly disturbing episode in which the prostitute/stripper/gumah of Paulie, (I think) is beaten to death and her murder is quickly covered up. Is that where it was filmed?
Just to do my part in pushing this thread along toward 200 (I recall someone offering something tasty?) I’d like to address 10:02’s questions about what we all think. For me:
Sterling Place: Nice house, nice woodwork, tiny backyard and less than so-so block. Just wasn’t diggin on it. And for 3 mill., you simply must love the block.
South Elliott Place: Plan to see it Sunday. I recall that the block is quite nice. Charming, leafy, close to park etc. Hate, hate, hate the apparent flip job done with its innards. Reminds me of a glossy white store window display. Or someone’s bad idea of hipster taste. No earthly idea about the backyard. Is there a backyard?
St. Felix: Again, plan to take a looksie Sunday, but not holding breath. Don’t believe the block will be for us. Too close to AY and One Hanson, Flatbush, traffic, malls etc. Certainly seems to be on the very edge of Ft. Greene’s charms.
Madison St: No opinion. Apologies.