Sales: Big Haircut Required To Get 160 Henry Street Done
When we wrote up Apartment 5A at 160 Henry Street in Brooklyn Heights last March, readers were digging the apartment but, generally, not the asking price of $3,250,000. The market agreed: A price cut followed in April and another in May, bringing the list price to $2,800,000. At the end of May, a low-baller won…
When we wrote up Apartment 5A at 160 Henry Street in Brooklyn Heights last March, readers were digging the apartment but, generally, not the asking price of $3,250,000. The market agreed: A price cut followed in April and another in May, bringing the list price to $2,800,000. At the end of May, a low-baller won the day with a bid of $2,500,000. Good buy?
160 Henry Street [Brown Harris Stevens] GMAP P*Shark
Co-op of the Day: 160 Henry Street [Brownstoner]
Sold: 160 Henry Street, #5A [StreetEasy]
Sam – I’m guessing Obama’s SS increase for those earning (salaried) over 250k will defintely leave those people with less purchasing power.
This is a nice apartment. 2.5 million is a lot of money though. I think the buyers bought it because they loved it.
I do not think it will appreciate much in the coming years. In fact I think that very many high earners in the Heights are so over-extended that if the downturn continues you may see more and more properties like for sale, which will mean a decrease in prices. If the economy straightens out, then fine. But with the prospect of a Democrat President and a Democrat Congress, I predict significant tax increases and corresponding decreases in go-go growth. It is shocking how many “rich” folks are living on the financial edge. They are looking at the very real possibility of crash landing.
Bidding 10% below asking hardly qualifies one as a “lowballer”. If you are not ashamed of your bidding price then you can’t be called a “lowballer”.
Not a reduction … lol
Kind of like when someone passes away, they haven’t died, they’ve just stopped living.
“No 20% asking too much. It is not a reductionâ€
Either way it’s a reduction. All reductions are in a sense of a result of the selling asking too much.
$825K/25% below original asking is a nice reduction.
uhh ditto, 20 percent below asking is not ‘near ask’ especially in one of the nicer co-op’s in the heights… and i love the broker-speak that says a near million dollar price cut is ‘not a reduction’. hilarious!
After looking back at the co-op of the day posting I’m guessing the March 4th 10.43am guest must now be hanging from a branch with his prehensile tail and munching on a banana.
No 20% asking too much. It is not a reduction
20% reduction in The Heights? Look out below!!!!!!