Report: Bidding War in the South Slope
There was no sign of a market slowdown in the South Slope this past weekend. A tipster says he took part in a bidding war for wood-frame house at 322 12th Street that wound up going for more than 25 percent over asking: “They had an open house over the weekend and then did a…
There was no sign of a market slowdown in the South Slope this past weekend. A tipster says he took part in a bidding war for wood-frame house at 322 12th Street that wound up going for more than 25 percent over asking:
“They had an open house over the weekend and then did a ‘best and final’ offer session – essentially asking everyone to submit their best bid. The format was such that the bidders had no idea what anyone else had offered. The brokers, Lisa Taylor and Wassim Fakhereddine, naturally all the while whispering in everyone’s ears that were being outbid, never showing any cards, watching as the offers soared. Talk about causing a frenzy. 7 bids submitted in a day, 10 total.”
The 20-by-30-foot two-family wood frame house was asking $959,000 and the winning bid was $1.25 million, according to our correspondent. Questions remain: Did the 100-by-25 lot make the property seem that much more valuable, or did Corcoran’s whisper campaign play a big part in whipping bidders into a frenzy?
12th Street Listing [Corcoran] GMAP
that article about new jersey only made it sound worse.
i can’t believe how poorly it was written.
a pretty desperate attempt by new jersey brokers to try to help their failing market and state economy rebound. they have horrendous taxes and the state is nearly bankrupt. 3 years ago it was the wealthiest state in the country, and since it has fallen behind both maryland and connecticut.
not really a good situation over there right now.
there are more things to life than having a larger house.
$1.25 million for a tiny piece of shit ugly house. I’m taking the limo ride to NJ:
http://www.therealdeal.net/issues/November_2007/1194214265.php
this house won’t sell blah blah blah, it’s overpriced blah blah park slope sucks blah blah blah the world is fucked blah blah it got 10 offers shoot me shoot me, none of them will go to contract blah blah my mother spanked me, who buys this shit blah blah blah 1200 sf is tiny blah blah blah, i’ll sit here in my pjs whining i never bought anything kill me now.
1000 a SQ F is only relative to the existing house. How much for each buildable Sq. Ft is more relevant (If it were a Developer). If it were tore down completely and all the space were maxed with 6+ condos at a 1 Mil plus, it changes the equation.
Some people sure pay a lot to live near latinos instead of black people.
It’s the only explanation I can think of for the prices on these awful little vinyl-sider dumps in South Slope. None of which are landmarked (b/c they don’t merit it) so there’s always the looming threat some Fedders condo will be built right next door at some point. Some blocks are cute in South Slope, but they’re scarce and this isn’t one of them.
So are they a couple? The dude’s bio would suggest it, unless he’s got a major crush and it’s unrequited love.
I don’t trust those two from their mugshots alone. Whatever happened to combing your hair and washing the grease off your forehead, Wassim? My mother would never have let me walk out the door looking like that.
I am in total agreement with 3:07 and 5:46. Even their colleagues have problems with them.
“I’ve dealt with these brokers before and they are very shady. They lie A LOT.”
This is a VERY true statement.