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
11:59 AM…. BIG pockets, empty heads!
so all 10 offers were from devlopers?
you people are the most bitter bunch i’ve ever heard.
btw, a friend of mine was one of the losing bidders of this home. they are a couple, no kids. and not developers.
Stop using the 1200 sq ft and using 1800 sq ft – because the ‘basement’ is living space – and quite legal. And compared to still getting the $1000sq ft in Soho – you can’t add more sq footage onto that like you can here (and your monthly taxes are probably much higher)
1. The tipster email was probably bogus–i.e., Corcoran or seller.
2. Even if it were real, it is a developer who will tear down and build condos–duh.
Dat right, 12:01. Cancellations…that dreadful topic that escapes discussion…and government-reported sale figures.
Watch the winning bidder and the 2nd and 3rd backup (if they exist) get cold feet and pull out.
Why not run a story about all the properties that have languished for weeks with no bid. One engineered frenzy doesn’t mean anything other than people got played like a fiddle.
Southie Trump is a great idea.
Is it possible Trump is the buyer?
You never know!
Jake the Snake
I give up. The prices are insane and getting worse. 1.25 for two stories in South Slope? I thought Brooklyn would be anice place to settle down but tell me, is there no room for some with their head screwed on?
Hello
I’m the winning bidder.
I am beginning to accept deposits on the condos that will be built here.
The What