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Comment: No good news here.
Open House Picks 10/10/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]


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  1. lechacal wrote: The Bond Street house is a short block from some projects that can be very dangerous at night (I have a good friend who lives very close to this place and I have heard shootings, have been threatened by groups of people out looking for trouble, etc). I frankly don’t think I would agree to live there for free, but that’s just my own personal view.

    are you kidding me? “very dangerous”? really? your description is insane. this property is just two blocks off of the bergen stop of the F train, across the street from a bodega that’s open ’til 11pm, and a block from a beloved neighborhood bar that is busy until 4am. aside from smith or court, i find bergen from court to bond to be one of the safer blocks in the neighborhood to be walking alone at night because of the sheer number of people around.

    i know i’m beating a dead horse, but the attitude about any property within blocks from the projects on this site is outlandish.

  2. This feature picked four houses, and NONE of them are doing well.

    Last Week’s Biggest Sales gets to pick the best data from all of Brooklyn.

    Which seems like a more realistic picture?

  3. NP tybur…..just tryin to keep it in perspective for people who were responsible, saved a lot of money for years, have no debt and just want some space to raise their family in.

    There *should* be a serious premium to live here. No dount about it.

    But somewhere along the way we lost all sense of proportion when someone who has the finances, credit history and job to afford that premium is asked to take enormous risk to purchase a reasonable townhouse.

  4. Thanks Babs. I forgot about this article. Yes a club does still exist with several of the the tennis courts still intact but as you can imagine it is now only a glimmer of its former self. I’ve played there several times before and I support it because of the work they do in the community but of course I much rather use the courts at the Parade Grounds which is a much better facility.

  5. Thanks Brandedmatt!! Could not agree more!

    This a great news!! And what would be even better news is if the prices kept falling and falling to where they *should* be. I’ve posted enough so it’s clear what I mean by that.

    It really is interesting to think that folks with a family income of gobs and gobs of money could actually start to afford a reasonable home… rather than a 1-1/2 bedroom starter co-op.

  6. No tybur6, you are not wrong. I would not want to pay a million dollars for a small house. Neither would I want to pay a million dollars to live in a Brown house attached on both sides to someone elses right up the block from the projects although I can appreciate the beauty of such homes.

    Again not wrong in that Pre-war doesn’t mean they’re not big and ugly but in the case of the buildings near Albemarle Terrace as I stated in my previous post, the majority of these building have good bones. I have been inside of many of these apartments and to my amazement, much of the original details in both the buildings and apartments still remain. They are in dire need of some sprucing up though. There are a few soviet-style buildings on Ocean Avenue and one or two of the East streets which were built by the Trumps or Lefraks in the 60’s but they are in the minority.

  7. Hhmm it is certainly not the end of the world but prices are coming down as they should…nice and slowly.

    CWB, we agree WT has good bones but that facade is underwhelming and no amount of staging can fix that. This house simply cannot be worth more than $800k max in our opinion.

    Lechacal 150 Bond is actually in a good location and quite isolated from the projects. Those garages look really good too but the price will need to be adjusted by @ least another $500k downwards.

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