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]
Love the discussion on comps and what places sold for in the last 1-2 years. Hey Bears Stearns traded at $170 in 2006….It’s a steal at $100…..then again, maybe not
Would you pay $18,000 a month PER FLOOR to rent one of those places? Because that’s what it works out to in INTEREST only, AFTER YOUR TAX DEDUCTION. The prices are simply absurd.
Did someone say snacks?
with these bargain basement prices, I’m going to bring a tray-full of caviar dipped in golden truffle dust for snacks!
11:48 the comps in the area say differently. There are two houses on Degraw, one that went for well over 3 mil and one that went for just under 3 mil. And it is ridiculous to talk about all of these houses in the same breath. The square footage of the 1rst place house is well over 5000 sq ft so at 3 mil it would be going for less than $600/ sq.ft., which is actually a bargain compared to North and Center Slope.
11:58 = liar
I hate to bring it up, but in the past year, retail on 7th, 5th and 4th Avenues in Park Slope has EXPLODED.
If I’m paying 3 million for a house, I’d much rather be there, with 100 restaurants and shops outside my door, a huge park and a few great schools.
Smith Street is getting kinda gross again. Too many chains and boarded up stores.
I heard from some neighbors that two of the houses have accepted offers. Not sure of the price though.
329 President is a narrow and short house, with one of the ugliest Home-Depot renos I’ve seen in a while. The price is so fantastical that I can’t imagine it was ever meant to be taken seriously.