Overpricing Not Working in Carroll Gardens
“What the heck is going on in Carroll Gardens?” we asked back in January. Our question was prompted by a rash of ridiculously priced townhouses in the area. Well, since then, three out of the four houses we looked at that day woke up to reality and one is still clinging to its delusions of…
“What the heck is going on in Carroll Gardens?” we asked back in January. Our question was prompted by a rash of ridiculously priced townhouses in the area. Well, since then, three out of the four houses we looked at that day woke up to reality and one is still clinging to its delusions of grandeur. 329 President has since been reduced by $605,000 and 78 3rd Place by $795,000; 44 1st Place, the nicest and biggest of the batch, appears to be off the market.
What the Heck Is Going On in CG? [Brownstoner] GMAP
HOTD: 40 2nd Place [Brownstoner]
HOTD: 78 3rd Place [Brownstoner]
HOTD: 44 1st Place [Brownstoner]
12:21, these “sideliner” posts are so tired. i take from your comments that NYC real estate will just continue to go up. this is the same flawed logic that has led us into this credit crunch. this is the same credit crunch that has undermined some of the more profitable ways in which wall street has generated profits over the past decade, which will greatly affect bonuses next year (not to mention employment levels). prices have to come down at some point to be more in line with real household incomes. the question is when.
is it over yet?
12:21 Don’t insult the sideliners. Who else is going to buy your overpriced crap home from you ?
park slope north is the best area of brooklyn, in my opinion. anything from flatbush to garfield and 5th avenue to the park is money.
Keep waiting sideliners.. there’s like a handful of homes left for sale in parkslope north. By the time you get off your ass you’ll be buying in bushwick.
12:07 – not to quibble here, but I think of Degraw as Cobble Hill not Carroll Gardens. And regardless, those houses you refer to sold well before people realized that the credit crunch was actually going to have a real effect on NYC housing prices over the medium (as opposed to short) term. No way you get $3m for anything south of Warren Street now (except, admittedly, houses that clock in at over 5000 sq feet of which there are very few).
I’m cravin some Park Slope talk.
12:15 – your math is a little off.
the mortgage payment on the entire house is not 18K a month.
loser. just because you write something, you think people will believe it??
11:58 = angry renter
check ACRIS in a few months.
BTW your rent is due on the 1st of the month not the 6th.