Open House Picks: Townhouses
Brooklyn Heights 300 Hicks Street Brooklyn Heights RE Sunday 1:30-4 $2,500,000 GMAP P*Shark Park Slope 365 2nd Street Brooklyn Properties Sunday 1-3 $1,699,000 GMAP P*Shark Ditmas Park 751 East 19th Street FSBO Fri 5-8, Sat 5-8 $1,495,000 GMAP P*Shark Fort Greene 39 Vanderbilt Avenue Brooklyn Cornerstone Sunday 12-2 $999,,000 GMAP P*Shark Bedford Stuyvesant 286 Van…
Brooklyn Heights
300 Hicks Street
Brooklyn Heights RE
Sunday 1:30-4
$2,500,000
GMAP P*Shark
Park Slope
365 2nd Street
Brooklyn Properties
Sunday 1-3
$1,699,000
GMAP P*Shark
Ditmas Park
751 East 19th Street
FSBO
Fri 5-8, Sat 5-8
$1,495,000
GMAP P*Shark
Fort Greene
39 Vanderbilt Avenue
Brooklyn Cornerstone
Sunday 12-2
$999,,000
GMAP P*Shark
Bedford Stuyvesant
286 Van Buren Street
Corcoran
Sunday 2:30-4:30
$699,000 $639,000
GMAP P*Shark Archive!
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“Do people realyy think the market is going to soften more? Stock market is up and mortgage rates are down. ”
Just as an FYI, rates have been dropping all summer, while inventory has been going up and sales plummeting. So mortgage rates are becoming increasingly less influential on the housing market.
Why doesn’t anyone remember that just 4-5 years ago Brooklyn was actually somewhat affordable? You have to work past the “it’s different here” because of “Wall St. bonuses” argument to get to the fundamentals, because everyone thinks their area is “different” for whatever reason.
There is no doubt that NYC has ALWAYS been a pricier place to live than South Bend, Indiana, for example, and that it will always be in demand. And the argument that it’s nicer now than it was 20 years ago does hold some weight, but that upswing did not just start in the past 3-4 years. Those factors alone cannot and do not justify the extreme price rises in the face of stagnant or decreasing personal income. Yes, there are some wealthy folk, but it’s a guarantee that the majority consists of normal people who do not get obscene bonuses.
Besides, how many Wall St. folks do you all know frothing at the mouth to buy real estate? Most of them own already, so even if they do buy new places around here, they will likely be selling their old ones, correct? Even the most obnoxious of the Patrick Batemans needs only one main residence in the area (and maybe one for his girlfriend(s))- extra residences are more likely to be houses in the Hamptons or some other vacation locale.
“i love the “wall street bonuses” argument. there are an infinite number of these people and every single year they buy another house.”
Someone has been buying these houses the past 5 years or so at ever increasing prices. If not the wall streeters, someone else with the cash.
That’s interesting. I was eating in the garden at Song last night and saying I wouldn’t want to live in the house above the garden. The food is amzing there, BTW!!
i love the “wall street bonuses” argument. there are an infinite number of these people and every single year they buy another house.
The house on 2nd Street has the outdoor sections for the restaurants Song and Comfort Zone one backyard away. 363 2nd Street was on the market for a long time last year just as Song was building their outdoor space. After several bids falling through it sold for $1,527,500. I can’t recall the asking price. This house looks similar though that one had an extremely modern reno and a finished cellar.
I think the future of real estate depends more on perception than anything else. If buyers and sellers feel like the market has changed, its a self fufilling thing.
IMO, Brookly real estate was, is and always will be inherently valueable and more bubble proof than many parts of the country. There are simply so many people here with cash in hand and need a place to live. (and then need a bigger place in a few years, and so on)
I think its the slighly bitter people who didnt buy years ago and are now priced out that are talking so much about it and making people nervous. And they are doing a good job convincing everyone!
Is Bklyn real estate crazy expensive? Absolutely. But wall street bonuses are also crazy and that seems to be going strong. And buying a $6000 purse is also nuts but there are people out there that are getting on a waiting list to do it! When you consider all the insane stuff that people do with their mone, investing in a home, even while expensive, makes sense.
Donna,
The floorplans are on the Brooklyn Prop site for 2nd St. now. Folks, the price is 1.7, not 1.6+. It drives me crazy when things are priced at “.99” and it works! I think that the house is 100K too expensive.
Do people realyy think the market is going to soften more? Stock market is up and mortgage rates are down. I keep thinking about that article in Crains (I think) that said we had seen the bottom already. What do people think?
Sorry, retracting my last post, just saw the floor plan, that huge bathroom ate up most of the bedroom space on the top. Also really bugs me that the dining room/kitchen is towards the front of the parlor floor.
According to PShark the 2nd Street house is 18 feet wide. i also think it works best as a one family. If the family is small (2 of less kids) then current configuration would work because the garden floor could remain as a “office and family room”. Also, once could move the kitchen to the garden floor and have one big living room on the parlor floor.
What do people think about the price. Too bad I am waiting for the market to drop before I start looking again!