Open House Picks: Six Months Later
Comment: Maybe the first time we’ve gone 4-for4! Open House Picks 4/16/10 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Maybe the first time we’ve gone 4-for4!
Open House Picks 4/16/10 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Where is the information for 192 President St. coming from? I find nothing on ACRIS or PropertyShark beyond the condo declaration in July.
Just noticed that the Bay Ridge house for sale is next door to the one that was HOD six months ago. Same ask price. The other one sold for 730. So, for that singular Brownstoner reader who is dying for a house on Ridge Blvd, your favorite website just paid dividends.
Well there is your answer Iron Balls.
“Brooklyn” prices and “Brownstone Brooklyn” prices are not the same. Manhattan economics moves the latter and actually has become much more than pure spillover.
But I think you fail to see what is happening. Manhattan is having a rich white baby boom. And BB is a compelling option. http://bit.ly/bgz91F
And yes, because there are not so much prime BB housing stock, it doesn’t take much.
Also, i can’t tell you how many people are putting 50+% down. Own free and clear your 2br UWS condo? Plenty do. Sell it and move into a prime Brownstoner HOTD with a tiny to no mortgage.
4/4 (volume) neither bullish nor bearish. It’s price discovery. And we have discovered bearish prices. All 4 under ask. Likely reduced and reduced and reduced asks.
***Bid half off peak comps***
It’s too bad the website never showed actual photos and just renderings. I would have liked to have seen how it actually looked completed.
Re 192 President street – it is half of a brownstone yes – half of 6000sqf Brownstone…
There are not many well executed modern renovations of houses on the market. Looking at all the ‘modern’ condos being sold I would assume that some of the condo buyers have modern sensibilities and at some point go for a modern renovation house. Key is it needs to be very well done. I have been in 192 President Street and it was well done.
The banks are swinging wildly between wanting to make loans – and not wanting to loan anything at all.
It’s a crazy time for the banks and they are bipolar right now.
“But nobody can get a loan” Plenty of people can get a loan.
uh, yes people can get loans. if you have 30% down, a great credit score, an some assets the loan is waiting for you. plenty of those folks around nyc.
now, 2.2 for half a brownstone is insane at this moment in time in that area. but if all your friends live there and you want to live well….
so much for those who dump on gutting and going modern. and cut the crap with “it would go more if it had more original detail”.
it would go for more if it was gutted and looked like a museum, clearly.