Open House Picks
Clinton Hill 241 Washington Avenue Aguayo & Huebener Sunday 1-3 $1,995,000 GMAP P*Shark Prospect Heights 187 Sterling Place Corcoran Sunday 1-3 $1,375,000 GMAP P*Shark South Slope 209 18th Street Fillmore Sunday 1-3 $989,000 GMAP P*Shark Bedford Stuyvesant 584A Halsey Street Brooklyn Properties Sunday 2-4 $859,000 GMAP P*Shark Bay Ridge 655 84th Street Jabour Realty Sunday…
Clinton Hill
241 Washington Avenue
Aguayo & Huebener
Sunday 1-3
$1,995,000
GMAP P*Shark
Prospect Heights
187 Sterling Place
Corcoran
Sunday 1-3
$1,375,000
GMAP P*Shark
South Slope
209 18th Street
Fillmore
Sunday 1-3
$989,000
GMAP P*Shark
Bedford Stuyvesant
584A Halsey Street
Brooklyn Properties
Sunday 2-4
$859,000
GMAP P*Shark
Bay Ridge
655 84th Street
Jabour Realty
Sunday 1-3
$659,000
GMAP P*Shark
I saw the Clinton Avenue house. It’s all the way down by Willoughby, so quite a hike to the C train (not too far to the G, though.)
Loaded with details, as the pictures show, and in good condition. It must be harder to sell than a multifamily — no extra income from a garden rental to help pay the mortgage. I personally wouldn’t want to live on a garden floor, so for me, this one would need to be converted. I passed on it for the reasons above and because I found the back of the house & yard very dark and depressing. The house is toward the end of the block, so the yard is close to the backs of other townhouses. Also, there are some not-so-savory large apartment buildings toward that end of the block — made me wonder what it’s like at night walking home from the subway.
That being said, I’m kind of surprised it’s still on the market because it’s a lot more special than most of what’s out there. I’ve seen it all, believe me!
“doubt that the prices for NYC house with diminish to nothing during our lifetimes. (unless a tsunami, from one of the Canary Islands collapsing, wipes out most of the eastern seaboard.)”
I didn’t mean to imply that but, say prices drop 10% and you think “damn I will lose 100K in equity if sell” so you hold, and the price drops further.
As much as there is talk of a real estate bubble but I don’t know if I buy it….though like the 1929 crash, there’s lots of cheap money out there- interest only no downpayment mortgages, and people living off of home equity loans, negative savings rate, ect.
However it seems New York prices remain robust…though one bad mayor, a dirty bomb, ect might change that.
“I forgot what the phenomenon is called but it happens with people buy stocks too – they can’t accept the idea that they are selling it for less than what they paid so they hold onto it until the price diminishes to nothing (I did that during the dot com boom, fortunately only with a BS ameritrade account).”
I doubt that the prices for NYC house with diminish to nothing during our lifetimes. (unless a tsunami, from one of the Canary Islands collapsing, wipes out most of the eastern seaboard.)
Sterling listing .. that price is nutz. Building is right off flatbush avenue it is very narrow and both inside and out need a ton of work.. sheesh.
My friend actually lives in the parlor floor apartment of the sterling listing. She can’t wait to get out of there. The house is right off flatbush Ave. The inside of the building is not very nice and needs a lot of work which the landlord is not doing as she hopes to get rid of the building fast. It is also a very narrow building. Very overpriced in my opinion.
Does anyone know anything about the house for sale on Clifton at Grand? It’s the one next to the vacant lot and is selling for $1.485 million. Do they own the vacant lot, as well? For the size of the house, the price seems low, especially when you consider the price of the condos above Hole in the Wall on Greene at Grand.
Here’s the link to the property:
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=879188
out,
judson
Don’t know much about the market right now, but I can offer that a 4-storey on Macon Street in Bed Stuy (same cross streets as the Halsey house) just sold for $900k. That said, I have no other details so it may not be germane to this listing, although I do think Halsey is a bit overpriced for a 3-storey.
“, I appreciate that it is hard to accept that my house is worth about 10% less than it was 3 or 4 months ago-”
I forgot what the phenomenon is called but it happens with people buy stocks too – they can’t accept the idea that they are selling it for less than what they paid so they hold onto it until the price diminishes to nothing (i did that during the dot com boom, fortunately only with a BS ameritrade account).
on the other hand some of the listings are only on the market a few days, like fort greene studio for 250K – 8 days or something like that.
If JB is correct, then I’d say people are being pretty stupid. The market will drop more before it rebounds. By and large, these listings seem overpriced compared with much of what is out there now. As an owner, I appreciate that it is hard to accept that my house is worth about 10% less than it was 3 or 4 months ago–that’s a lot of money to let go of. But looking at what is selling and what is not selling, it seems clear that if I really want to sell my house I’d have to accept a good deal less then I had expected. The bright side of course is that whatever I’d be trying to buy would cost less too, so in the end it doesn’t matter.
I’m pretty sure that in the fall all of those houses that have been sitting on the market since late spring/early summer will get big price reductions–and finally sell.