Price on Former HOTD Slashed Almost 20%
Thanks to a reader who brought to our attention the fact that the price at 899 Union Street has been slashed $500,000 in the aftermath of last month’s post questioning why the house was priced $300,000 more than a very similar house in better condition down the block. Don’t get us wrong, though: This house…
Thanks to a reader who brought to our attention the fact that the price at 899 Union Street has been slashed $500,000 in the aftermath of last month’s post questioning why the house was priced $300,000 more than a very similar house in better condition down the block. Don’t get us wrong, though: This house is a real beauty in a prime location. We’d be surprised if it didn’t move quickly at this price. It’s also interesting to look at in comparison to yesterday’s HOTD on St. Marks for $2.3 million.
899 Union Street [Corcoran] GMAP P*Shark
Does Not Compute on Union Street [Brownstoner]
Is there room for lower-middle-income folks in Manhattan?
Armchair warrior, you may very well be right about the housing in the areas you mentioned, but the fact that teachers, firefighters, et al are relegated to the edges of the universe in the city they protect,serve, and educate, really sucks. So they are good enough to risk their lives, protect and teach in our beloved city, but not paid well enough, therefore not good enough, to live in that city, except for the outer reaches, now that is truly criminal. The inherent indifference to that fact, and the dismissive *well, they can move to East New York* kind of attitude in your statement, is also rather frightening, as well.
Not to mention elitist and condescending.
Try as we might, we can’t all be rich. Is there no room in brownstone Brooklyn for the rest of us?
anon 4:31, email me directly and i’ll give you the name and number of the company we are using, they come highly recommended from an ex-coworker of mine who lives in ditmas and she was extremely anal so i figured he must be good. her house is done beautifully and my husband can be picky and was happy with his work. of course we’ll see how ours goes shortly. oh, yeah, it’s a frame, unfortunately we were already priced out of the brownstone market when we bought. i can tell you the owner is extremely professional, always returns calls and got us a quote, on a few different jobs we inquired about, right away, unlike anyone else. he has been a pleasure to deal with so far and hasn’t even started the job yet.
This house will sell for around $2. mil.. Corcoran always overprices to get the listings. Minette Stokes did just the same thing on 589 Third Street; pricing it at $3.25 for a $2.6-2.7 mil. house
This house will sell for around $2. mil.. Corcoran always overprices to get the listings. Minette Stokes did just the same thing on 589 Third Street; pricing it at $3.25 for a $2.6-2.7 mil. house
“in the long run I want Brooklyn to go BOOM! But as a buyer, I want it to dip in the short run and then bounce back after I close on one of those brown babies.”
Anon 6:14 — I am with you, with you, with you. Perhaps someday we will be neighbors. : )
anon brokers: the sky is falling. pessimists are ruining it (and our percentage fees) for everyone. Brooklyn is doomed.
anon home owners: at some stage between denial and acceptance. Post accordingly.
anon gleeful poor: at last I get to see some pain in the pocket books of the paper wealthy!
reality: prices should continue to move back to a place that better represents the income producing value of the asset. Home prices are out of skew with too many things (salaries, mortgage affordability, rents, investment property prices).
its complete bull that firefighters, teachers, etc… cant afford brooklyn. coney island, east new york, brownsville, and canarsie many other areas are still dirt cheap!!! just those people dont want to buy into those areas. there is a price for everyone!
05:45 PM
“…which direction do you want Brooklyn to move in?”
To answer your question – in the long run I want Brooklyn to go BOOM! But as a buyer, I want it to dip in the short run and then bounce back after I close on one of those brown babies. One of those archived 80’s/90’s NY Times articles mentioned that Clinton Hill (for example) boomed after it became landmarked in 70’s/80’s then busted slightly in the 90’s. Now it has picked up where it left off. I believe it’s a trial and error process that spans market cycles. Isn’t this what happened to Park Slope? But if I already owned or could afford to buy at the top of the maket, I would dread a dip.
Anybody with me?