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
“reduced by $100,000 to $375,000”
Now that’s a price cut! Similar cuts coming to a prime nabe near you (Clinton Hill next).
BTW, this aint cheap. This is intrinsic (or closely approaching).
***Bid half off peak comps***
That be me. Move along oven before your ass gets fried.
You know something, oven??? Your rent would be a LOT cheaper if you lived on this street. So would your life.
I am once again dazzled by Brickey’s ability to predict the future with absolute certainty.
Personally I say market timing – whether in housing or stocks – is for the arrogant and mentally challenged. But as Brickey so eloquently put it the other day, I’m an idiot.
Xander looks like you outed Daves Crack dealer! Yo Dave! is that you in the window?
Xander…you’re an idiot and not very street smart. It may be a great location if you want to BUY crack but I bet if you set up your sorry ass there selling against the neighbors you’ll find out what “getting PWNED” really means 🙂
Its a great location if you want to sell crack.
I’m glad you know such things with such assuredness, brickoven. You can “drive a truck through” that range of 10 years though. Market will bottom in less than two years and you’ll be SOL.
“There needs to be price discovery after what was a historical real estate bubble” What do you think is going on now???? I’d call that price discovery.
townhouselady
the market will most likely bottom in the next 10 years. What I am saying that it is poor choice to buy for at least the next 5 years. There needs to be price discovery after what was a historical real estate bubble. Many people are overleveraged and bid the price up to stupid levels using the leverage. i will get back in after they get wiped out
Picture what the neighborhood looks like there in Detroit.