Open House Picks
Park Slope 108 Berkeley Place Corcoran Sunday 12:30-2 $2,650,000 GMAP P*Shark Windsor Terrace 1604 10th Avenue Turner Structures Sunday 1-3 $1,775,000 GMAP P*Shark Windsor Terrace 247 Windsor Place Brooklyn Properties Sunday 12-2 $1,250,000 GMAP P*Shark East Flatbush 3325 Farragut Road Fillmore Sunday 1-3 $559,000 GMAP P*Shark
Park Slope
108 Berkeley Place
Corcoran
Sunday 12:30-2
$2,650,000
GMAP P*Shark
Windsor Terrace
1604 10th Avenue
Turner Structures
Sunday 1-3
$1,775,000
GMAP P*Shark
Windsor Terrace
247 Windsor Place
Brooklyn Properties
Sunday 12-2
$1,250,000
GMAP P*Shark
East Flatbush
3325 Farragut Road
Fillmore
Sunday 1-3
$559,000
GMAP P*Shark
Well, sure, Sam at 3:57. That describes a lot of us in neighborhoods that are up and coming more affordable alternatives to Park Slope. Yes it’s true, I can’t afford $3 million for a house in Park Slope. I admit it without shame. It’s just our reality. We work in the arts not banking. Happily.
windsor terrace is the boonies.
it is where people who can’t afford Park Slope go.
Wow, Filmore has some cheap houses. It makes me optimistic for the future pricing of Brooklyn real estate.
http://www.fillmore.com/realestate/two-family_home_crown-heights_brooklyn_ny_11213_804086
FatLenny, I’m not sure the Berkeley Place place is cheap at all. Even after the tax deduction, assuming 20% down, top tax brackets and the usual low tax rates the after-tax cost of this place is still about $12,500 a month. Even if you can get $4500 from renting the second and third floors, that’s a cool $8,000 in after tax money out the door just to live in the garden duplex. And that’s BEFORE you even consider cost of improvements, maintenence, etc.
That being said, I bet this place goes for at least 90% of asking. People are ga-ga over Park Slope brownstones right now, price be damned. I am a real bear when it comes to the PS condo/coop market, but I’m honestly not sure brownstones will fall much if at all in the next few years.
I also heard 225 Windsor had multiple bids after the first open house.
10th ave seems overpriced, but I think 247 Windsor will sell for at least 1.15.
blackstoner
I hope you are right 🙂
I like WT, don’t get me wrong, but the current market imo doesn’t allow for a WT 1 family to go for 1.25(with it’s wacky reno) and the 10th avenue house is really over-priced
Hey Finance Guy, why not factor in rental income and tax deduction?
gemini10:
then you are selling yourself short
Berkeley place seems relatively “cheap” if it’s truly 4,000 SF. $662/SF for that location? What gives? Perhaps something to do with: “Third floor below market (tenant manages property) but no lease.”