Open House Picks
Park Slope 92 Prospect Place Rita Knox Sunday 12:30-2 $1,950,000 GMAP P*Shark Prospect Lefferts Gardens 251 Lincoln Road Corcoran Sunday 12-2 $1,149,000 GMAP P*Shark Bedford Stuyvesant 156 Quincy Street Ryan Sunday 12-3 $955,000 GMAP P*Shark Park Slope 239 8th Street Orrichio Anderson Sat & Sun 12-2:30 $899,000 GMAP P*Shark
Park Slope
92 Prospect Place
Rita Knox
Sunday 12:30-2
$1,950,000
GMAP P*Shark
Prospect Lefferts Gardens
251 Lincoln Road
Corcoran
Sunday 12-2
$1,149,000
GMAP P*Shark
Bedford Stuyvesant
156 Quincy Street
Ryan
Sunday 12-3
$955,000
GMAP P*Shark
Park Slope
239 8th Street
Orrichio Anderson
Sat & Sun 12-2:30
$899,000
GMAP P*Shark
I have a friend who lives next door to the Quincy Street house. I know the Bed Stuy boosters will scream, but that area is basically still a ghetto. The house is right next to an empty trash and weed strewn lot. Bedford Ave is depressing. There are no amenities, no places to buy food unless you walk several blocks to the edge of Clinton hill, where you can find a few new restaurants and cafes. But no decent groceries stores, no Fresh direct. And the neighborhood is unsafe. My friend’s boyfriend was jumped last week by six guys who sprayed him with pepper spray.That same week we also watched her next door neighbor beating up a woman in front of her kid until swarms of cops took them away in an ambulance. My friend, who is white and tries actively to get to know people in the neighboorhood, says they are not friendly to her. Generally speaking, they are cold and resentful towards her. Racism runs both ways.
12:09, as a PLG resident I have to disagree. How is the neighborhood “gentrifying”? We have one new coffee house. Other than that, the only change has been prices. In other areas, price increases have followed actual changes in the area. In PLG they are coming before any real changes.
As for “unusually large price jumps” is that true? As far as I know, my house is now worth just double what I paid for it in 2001. That’s nice for sure, but far less of an increase than if I’d bought in almost any other brownstone area.
Right now, houses are sitting on the market because of an abundance of listings coupled with more cautious buyers. I don’t think it has much to do with price yet.
Do low offers initiate bidding wars any more? Regarding the “overpriced” comments, it’s easy in hindsight to say a property is overpriced because it didn’t sell. But until it’s tested in the market, there is no way to tell. There have been unusually large price jumps in PLG because the neighborhood is gentrifying. The Manhattan brokers know this and are pricing properties accordingly. To these brokers, PLG was undervalued before. So “organic” price increases SHOULD be large in this scenario. This isn’t a scam.
9:21: 38 Rutland is lovely, but it has a unique feature not everyone loved–the floor of the middle parlor was removed, making a double height space on the garden level. I liked it, but I think it turned off some. The 3 story on Midwood for 1.175 does need work, but I think a limestone on Midwood I is worth a lot and appealing to a wider number of people. But what do I know. I don’t think that I know exactly what things should sell for. I just feel that 1.15 for this Lincoln road house is not reasonable considering what has recently sold and what else is on the market. Square footage vs. style or location is a personal thing.
I live on Rutland. A lovely street–but less desireable than Midwood or Maple II.
I think 1.175 is a reasonable asking price for the 3 story Midwood house (assuming it sells for about 100K less than asking, as most PLG houses do). Ditto the 1.2M sale price for 38 Rutland.
And 38 Rutland is a good example of the problem here. If they had listed it at a fair and reasonable 1.2M, it probably would have gotten a lot of interest and had a bidding war and gone for 1.25. Instead they listed it at 1.4M and then had to reduce it to 1.25 and still it sat on the market for months before they got 1.2. Reasonableness pays.
Yes, Zillow is absolutely worthless for Brooklyn and don’t forget that it has no way to take into account the individual characteristics of each property. Don’t bother with it at all.
Fair and reasonable pricing? Are you a newcomer to capitalist market economies?
any brokers out there? can you explain why you don’t encourage your clients to clean their houses before putting them on the market?