This House Is Getting Cheap
This three-story house at 582 Lexington Avenue (at Lewis) just had its price reduced by $100,000 to $375,000. This ain’t the greatest block in Bed Stuy (there’s a long stretch of newish two-story homes just to the west) and we’ve got no idea what the interior is like but the house appears to be intact…
This three-story house at 582 Lexington Avenue (at Lewis) just had its price reduced by $100,000 to $375,000. This ain’t the greatest block in Bed Stuy (there’s a long stretch of newish two-story homes just to the west) and we’ve got no idea what the interior is like but the house appears to be intact and perfectly well cared for. Unfortunately for the seller, it was purchased two years ago for $595,000. How low can something like this go? GMAP
I rent in BH on what I think is one of the top 5 brownstone blocks in the city.
Your insistence that all prices will specifically go back to 1997 levels shows a real lack of analytical ability; even more importantly , a poor understanding of the current economy (as bad as it is), interest rates and the tax situation.
Arbitrarily pick some other year.
Brick, Do us a favor and let us know where you’re renting then so we can have a follow up discussion.
Dave the lower the price was in 1997 the more bearish you should be. You just dont get it yet but it will be clear as day in 3 or 4 years
wasder….by some of the statements he’s made today it’s becoming clear that he has no clue about the Brooklyn neighborhoods, the real estate market and its recent history. I ssupect he doesn’t even live in NYC.
First of all you were talking about the house because you prefaced your post with “reduced 100K to 375”. But since I am considerably more charitable and thoughtful than you I will give you the benefit of the doubt. alright then, let me rephrase. Why would Bed Stuy be a more accurate predictor of future prices in Clinton Hill than Fort Greene or Prospect Heights, ie other neighborhoods that share a border with Clinton Hill?
BHO…you really don’t have a clue if you think that place was worth $200k in 1997. Really, you don’t.
I paid $185k for my UES condo in 1997.
That place was worth $30-45k.
“how much do you think it was worth in 1997?”
$200K, easy.
“Based on what? Why should a house a mile and a half to the east mean more to Clinton Hill than a house a shorter distance to the southwest?”
Not talking about the house. Talking about the whole Stuy.
***Bid half off peak comps***
“Don’t matter, wasder. Clinton Hill is Bed Stuy West.”
Based on what? Why should a house a mile and a half to the east mean more to Clinton Hill than a house a shorter distance to the southwest?