Open House Picks
Carroll Gardens 419 Union Street Corcoran Sunday 1-2:30 $2,550,000 GMAP P*Shark Park Slope 318 First Street NYT Sunday 12-3 $2,250,000 GMAP P*Shark Clinton Hill 439 Waverly Avenue Corcoran Sunday 12-1 $1,299,000 GMAP P*Shark Crown Heights 1139 Dean Street Mark David Sunday 11-4 $750,000 GMAP P*Shark
Carroll Gardens
419 Union Street
Corcoran
Sunday 1-2:30
$2,550,000
GMAP P*Shark
Park Slope
318 First Street
NYT
Sunday 12-3
$2,250,000
GMAP P*Shark
Clinton Hill
439 Waverly Avenue
Corcoran
Sunday 12-1
$1,299,000
GMAP P*Shark
Crown Heights
1139 Dean Street
Mark David
Sunday 11-4
$750,000
GMAP P*Shark
I think 1st Street may go the way of 601 President. That house had to have several price cuts, finally at 1.4 mil and was also shown by every single broker but by that time was totally stigmatized. Owner finally had to take it off the market. This house is a joke – don’t waste your time.
I have never understood real estate. I admit it. I understand it less than ever now. In fact, I think it is now verging on the sociopathic, as shown by many of the postings on this blog.
My guess is that it is all about ego and blind optimism in the future. Two qualities that have always eluded me a little.
The whole real estate bubble is because people are “betting” that 2.5 million might be a fair price years from now. That is what is so ridiculous about the price. For $6,000/month you can probably rent the nicest house in Carroll Gardens, in a far better location. That doesn’t even cover 1 million in mortgage payments. So why, in this declining market, would you pay 2.5 million for this house?
I think the Union Street house is terrific but most people would not pay close to $2.5M in this location at this point in time. But they don’t need most people, just one interested buyer, so who knows. After all, these folks paid $1.5 million three years ago.
This exact same house in Brooklyn Heights would be $4 million. Here it’s a $2 million house at best. If you’re betting for the long term that the Gowanus renaissance pans out, $2.5 million could be a fair price.
Who is it that always posts the “you must be bitter” comments? Little Miss Sunshine? Pollyanna?
You don’t have to be bitter to question the sanity of these home prices or the ethics of RE brokers.
I saw 1st street house months and months ago. I don;t care for the kitchens or bathrooms. The garden level kitchen is dated. The basement is weird! While it is finished, it is all chopped up with exam rooms (doctor works there). It is not a family house with its present layout. It only has one proper bedroom. the second room that could be a bedroom works better as a sitting room off master bedroom. The garden overlooks the back area of a restaurant and the front of the house face the bank…not a great location. Don;t waste your time on this one unless you have money to burn on a renovation after buying a very over priced house.
“1st st. will probably move. maybe slightly below ask in this “more normal” market. but that is a very nice block and the interior is tasteful. the house on the corner of 1st and 6th is the real gem.”
Yeah? Great analysis. This house has been on the market FOREVER and then some. Started out as a Craigslist FSBO. Now every broker and his grandmother has this listing. Owner must be paranoid or something because for a long time he did not allow a facade picture or address to accompany any listing. This house, for everyone searching in Park Slope, is officially a red flag by this point.
I like the Clinton Hill house. It reminds me of the houses in Philadelphia that are $250K. Nonetheless, compared to the rest of the Brooklyn market at this point and time, I guess that price is reasonable.
I know it’s common and fashionable to bitch about what this city is becoming… but seriously, what this city is becoming is kind of depressing. I feel like the only middle class people left in Brooklyn soon will be in the projects.
I’m usually defending the houses on here, but for once I’ll take the other side. I saw the 1st Street house, and it is super goofy. It has a poor layout, and not nearly as nice as the pictures make it look. It has a nice backyard though.