Open House Picks
South Slope 305 12th Street Corcoran Sunday 2:30-4 $1,299,000 GMAP P*Shark Windsor Terrace 33 East 2nd Street Halperin Real Estate Sunday 1-3 $825,000 GMAP P*Shark Prospect Lefferts Gardens 83 Lefferts Avenue Brown Harris Stevens Sunday 2:30-4 $799,000 GMAP P*Shark Bedford Stuyvesant 786 Putnam Avenue Douglas Elliman Sunday 3-4:30 $799,000 GMAP P*Shark
South Slope
305 12th Street
Corcoran
Sunday 2:30-4
$1,299,000
GMAP P*Shark
Windsor Terrace
33 East 2nd Street
Halperin Real Estate
Sunday 1-3
$825,000
GMAP P*Shark
Prospect Lefferts Gardens
83 Lefferts Avenue
Brown Harris Stevens
Sunday 2:30-4
$799,000
GMAP P*Shark
Bedford Stuyvesant
786 Putnam Avenue
Douglas Elliman
Sunday 3-4:30
$799,000
GMAP P*Shark
I have a similar house in PLG but with a private driveway, and I think the seller should have left the original floor plan. Not everyone is looking for the kind of renovation that was done. Just so you guys know, that area isnt bad at all, but for that kind of money for a 1 family….ehhh I duno. I wonder what the basement looks like.
Nomi is right. It’s always the seller’s decision; in my experience realtors would rather underprice, for obvious reasons (perception of “bargain,” no real benefit in commission for an extra 50 or 100k, quick sale to get that commssion, deniability when place doesn’t sell).
If you’re a seller you need to do your homework and stick to your guns, but also be prepared to accept the consequences if you’re wrong.
“But rather than a broker price, it looks to me like the typical naive seller trying to break even.” (invisible)
Yes. Not sure why most assume it’s the broker who is over pricing a place, and not the seller. It’s more likely to be the other way around; the broker wants to make a sale, not have a property sit; the owner can sometimes be naive, stubborn, or just too emotionally attached to make a reasonable business decision.
to be fair househunt, PS has found a sweet-spot on a psf basis as many bidding wars and some over ask. however, i agree with you, if my calculations are correct (1680 sf) the 12th street at $773 psf is tough pill to swallow given the block and also half of an apartment building staring down at you. Not exactly the “nestled” “al fresco” backyard i’d be looking for. Now there’s corcoran spin at its best.
But rather than a broker price, it looks to me like the typical naive seller trying to break even. No way, no how. This must have gone into contract at the peak peak peak summer 2007 just before the first wave of subprime drama. Kinda feel bad for them.
These properties are still overpriced, and it’s not just that buyers want a bargain as some suggest. This was always the case, it’s just that buyers are no longer as desperate and fearful and taken over by the herd mentality that contributed to the bubble. The newspapers report continued job loss, commercial real estate faltering in NYC, but brokers pretend PS is on the upswing, or at least their prices are going up? Besides the OH picks this week, check out this Corcoran listing . It’s down from where it was first listed a couple of weeks ago, but if you go to property shark you’ll see the house was sold less than a year ago and — without lifting a finger, or even taken a new photo — the broker decided it could sell for another 50,000-100,000!
The kids on 12th (6th/7th) are noisy, but really an OK bunch… I like the fact that there are still kids playing in the street & it’s a good mixed crowd. That block has a great mix of neighbors & even though I don’t live there, I know a bunch of people just from passing by regularly (have lived close by since the mid ’80s)- very friendly in a way lots of more yuppified blocks aren’t.
The PLG house is now listed with Brown Harris Stevens, a REBNY member agency (Real Estate Board of NY) which co-brokes all of its listings to all REBNY agencies, something like a NYC version of the Multiple Listing System. Warren Lewis, Brooklyn Properties, and Aguayo & Huebener, etc, generally do not co-broke or share their listings in a database that is available to other agencies. Having this broader audience may work in the favor of this seller. Two nearly identical houses in the first block of Maple St sold in 2009 for $830k and $839k, so the $799k price for this renovated house seems realistic.
PLG’s location is fine. The only negative (actually, just the loss of a positive) is that Empire Roller Disco isn’t there any more.
PLG house has been listed by at least three brokers simultaneously for three different prices. The highest being 839k last I checked.