Open House Picks
Park Slope 289 Garfield Place Corcoran Sunday 2-3 $1,950,000 GMAP P*Shark Ditmas Park 664 Westminster Road Douglas Elliman Sunday 2:30-4:30 $800,000 (was $995,000) GMAP P*Shark Greenwood Heights 323 21st Street Brown Harris Stevens Sunday 1-3 $749,000 GMAP P*Shark Bedford Stuyvesant 509 Decatur Street Fenwick Keats Sunday 12-1:30 $525,000 GMAP P*Shark
Park Slope
289 Garfield Place
Corcoran
Sunday 2-3
$1,950,000
GMAP P*Shark
Ditmas Park
664 Westminster Road
Douglas Elliman
Sunday 2:30-4:30
$800,000 (was $995,000)
GMAP P*Shark
Greenwood Heights
323 21st Street
Brown Harris Stevens
Sunday 1-3
$749,000
GMAP P*Shark
Bedford Stuyvesant
509 Decatur Street
Fenwick Keats
Sunday 12-1:30
$525,000
GMAP P*Shark
I visited the Garfield Place Brownstone last weekend.
It’s the first center staircase brownstone that I’ve seen chopped into 4 apts. I saw first-hand that center staircase brownstones do not chop up well.
I agree with Broke developer. The buyer will pay a lot of money to be a landlord. Unless, the buyer were to unchop the brownstone into two units; a garden apt under a triplex. But that would be a big expensive ordeal.
Although I agree this particular house is a) smaller than the average DP house, and b) is not in the most desirable location withint the nabe. I would think $699 in this market.
Most DP houses lose the butler pantry to create a ground floor loo. Rare to find a house where this has not already happened. Some fo the exceptionally large DP houses had two pantries, so still have some original storage space.
Minard, you really don’t seem to know much about the DP area.
i know a little about argentine real estate. i find the prices in prime areas of bbaa stubbornly high given the crisis they’ve lived through. further, unless you go to the closing with dollar bills, literally cash, then you won’t get a deal done. people show up with duffels of cash. lovely city though.
>>otoh, some might even argue that prices have stabilized already and that we are seeing strong signals of a bottom forming.
*eyes rolling*
Antidope, here you go again. I am sick of your shameless promoting of the park slope real estate market.
“h) condos in argentina”
antidope, I saw some great condos in Buenos Aires last year. Good prices, too, but what do I know about the BA market?
As for the Garfield Place house, I was excited until I saw the floorplans. And the photos. And realized it was a terribly chopped up 4-family. I suppose an owner could reclaim the parlor floor studio apartment and live in a Parlor/Rec Room duplex, though that hardly seems worthwhile at that price and with all that work today and no detail. I agree that these aren’t terribly great OH picks. I also agree that inventory will pick up after the holidays.
Miss Muffett, what do you think of moving to Ditmas Park? You get more bang for the buck there than Park Slope.
The Ditmas House is a standard little woodframe house that you find in every suburb for half the price.
The fact that it only has one bathroom seals the deal as overpriced POS of the day.
The Garfield House is a mess too. Chopped up poorly and yet rather expensively. A shame.
if sellers can wait til 2010 then they may have enough wherewithal to outlast the freefall. to get complete collapse you’d need another year or two of negative macroeconomic numbers, imo. i mean some people just don’t change their tune. A+ for consistency.
otoh, some might even argue that prices have stabilized already and that we are seeing strong signals of a bottom forming. some also might argue the real freefall is not yet here. still others can imagine a real bounceback.
btw, i use that prior para to determine at any given point whether to buy a) gold, b) t bills, c) stocks, d) cdo’s e) rmbs, f) alphabet soup, g) unimproved swampland in florida, h) condos in argentina, i) foreclosed homes in detroit or j) any effing asset class.
inside information (in most markets) is useful and illegal for a reason.