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
Hmmm, this whole story smells like an utter fabrication. But hey, if they were able to sucker somebody into that price for that house, then let us all raise a raise to the memory of PT Barnum.
I’ve dealt with these brokers before and they are very shady. They lie A LOT. There are some good brokers at Corcoran but these two ain’t it.
Michelle Williams was the winning bidder!
single family brick homes are a helluva lot safer than huge old highrises that make up the majority of this city’s housing, if you’re speaking about fires only.
get a clue.
Posters touting brick brownstones as “safe” are deluding themselves. All of these old buildings are fire traps. While a wood frame is more likely to have a total loss in the event of a fire, everything except the brick shell of the brick brownstone will be just as toasted. If you get out of the place alive, all of your stuff is gone in either case. If you see a lot of merit in being able to rebuild in an existing burnt brick shell rather than starting from scratch, then bully for you.
Nope. The house listed for BP is a dump.
There’s a reason it has no bidding war.
A lot less in terms of there not being a bidding war. Don’t work for BP either, but I got your attention, right?
how is 999,999 a lot less than 959,000?
this house was for sale for 959,000.
nice try though, BP broker.
Brooklyn Properties has a house right across the street for alot less. Needs a little bit of work. Check out their website.
http://www.brooklynproperties.com/house123.htm