Residential Sales in Brooklyn
PARK SLOPE $1,350,000 53 Lincoln Place 117-year-old, 3-bedroom, 2-bath wood colonial; windowed kitchen, living-room fireplace, hardwood floors, in need of extensive renovation, 25-by-113-ft. lot; taxes $2,900; listed at $1.3 million (multiple bids). Broker: Aguayo & Huebener. Residential Sales [NY Times] GMAP P*Shark Photo by Kate Leonova for Property Shark
PARK SLOPE $1,350,000
53 Lincoln Place
117-year-old, 3-bedroom, 2-bath wood colonial; windowed kitchen, living-room fireplace, hardwood floors, in need of extensive renovation, 25-by-113-ft. lot; taxes $2,900; listed at $1.3 million (multiple bids). Broker: Aguayo & Huebener.
Residential Sales [NY Times] GMAP P*Shark
Photo by Kate Leonova for Property Shark
ewwwww.
Ack, 321. I’ll be happy if I never have to hear those 3 numbers together in that order ever again.
$59,800 – Cardboard box in a hole. Needs extensive renovation. District 321! listed for $55,000 (on market 1 week, multiple bids).
*puke*
How about park slope parents pool all that money they are bidding over ask to get into 321 and build up a neighboring school?
I looked at this place but never made an offer.
Gripe: Just as I was walking out of the house, some Park Slope “mother”, who just oozed feelings of entitlement, dinged my car with her precious bugaboo.
hey 12:36…not sure about money magazine, but i agree with 1:12 that you can’t look at nyc only figures…i’m no believer that the real estate market isn’t a volatile beast, but i don’t agree with your predictions at all. brooklyn is in the midst of an impressive renaissance at the moment (and has been) with probably a half million more residents on the way over the coming years…
According to the most authoritative source of data, the city’s assessment roll, rumors of the New York real estate market’s demise have been greatly exaggerated. After a slowed rate of increase in 2005, property values around the five boroughs posted strong double-digit increases in 2006, with the Bronx and Brooklyn leading the way with jumps of 27.6%. “While people predicted that the sales prices were coming down, they haven’t been coming down,†said Martha E. Stark, the city’s finance commissioner. “It might take a little longer to sell something, but actually, the prices have been holding.â€
more **applause** for Brenda from Flatbush
–an architect in Brooklyn
I love Fortune. They have been projecting a real estate collapse since 2003, though it appears that they are moderating their claims. A friend told me about a feature in Fortune 4 years ago (as a sort of warning to me in my reckless frenzy to buy Brooklyn real estate) and so I subscribed. I have been following their incorrect projections now for 4 years, including the projected financial Armageddon resulting from a property collapse. They are like the gold bugs, perseverating on a projection which has clearly not come to pass. In fact in that time frame, rather than having seen a global economic meltdown precipitated by a real estate collapse, it has been the opposite. In fact as I remember, about a year ago they ran a feature on how to get into the real estate market you missed. Phooey. Look at the actual sales numbers.
Brenda, from now on, “the evil Baron Fedders-Scarano” will be the villain in every bedtime story I tell my kids.
12:36, What are they basing those numbers on? Interest rates going up? Going down? How can they predict that with things so in flux? I wouldn’t base any big decisions on an article like that –especially one that doesn’t break down the markets in the five boroughs.
Brenda, you brought tears to my eyes.