What the Heck Is Going On in Carroll Gardens?
This is getting weird. Despite a softening market all around, there’s been a rash of new listings in Carroll Gardens that have defied all logic and precedent. Starting with 44 1st Place (which in retrospect is probably the best deal of the lot) for $3,842,500, they’ve just kept coming: A 3,100-square-foot house at 78 3rd…
This is getting weird. Despite a softening market all around, there’s been a rash of new listings in Carroll Gardens that have defied all logic and precedent. Starting with 44 1st Place (which in retrospect is probably the best deal of the lot) for $3,842,500, they’ve just kept coming: A 3,100-square-foot house at 78 3rd Place for $3,495,000? A 16-foot-wide one at 40 2nd Place for $2,800,000? And now a three-story house at 329 President Street for a $3,600,000? What is going on here? One common denominator: Corcoran is the listing agent on all these places except for 1st Place. Coincidence or conspiracy?
329 President Street [Corcoran] GMAP
HOTD: 40 2nd Place [Brownstoner]
HOTD: 78 3rd Place [Brownstoner]
HOTD: 44 1st Place [Brownstoner]
11:28
Agreed. I walk by at least 10-12 realtor windows a day in CH and CG. There are some -glum- faces in those windows.
Its desperation time.
“Affects”, sorry!
I think these are all overpriced but how does that equal “price fixing”? It would only be “price fixing” if Corcoran controlled all the listings in the area, and even then, buying a house is not like buying milk. You don’t go into a grocery store and “make an offer.” If they don’t get offers at the asking price, asking will come down. And how would it be money laundering unless they are selling it to a pal who pays cash and then why would you give Corcoran a cut? Makes no sense. It’s simply brokers trying to convince seller that this is their last chance to cash out at the high end before the downturn effects CG/BH/PP etc.
11:07
“I was there the other night at Angry Wade’s andI just don’t like the people over there. The bar was FILLED with 16 year old old jersey girls. It was gross.”
Wow, you had a bad time in the worst bar in the area. Go figure. Why on EARTH would you set foot in there anyways? The fact that you would chose that place over the 30-40 other spots in the Court/Smith area says more about you than the neighborhood.
Wades is frat-tastically bad.
“the prices are high but why can’t you ask?”
Because, as you can tell it is ruining their reputation and turning a lot of people off!
Asking a million dollars over what a house is worth is not doing ANYONE any good.
And I believe these are all each 1 million overpriced.
I hate it when people make everything about race, but I can’t help saying it seems Corcoran is taking advantage of the fact some people will spend ANYthing not to live near black people. It’s in Corcoran’s interest too, because a couple of the historic brownstone neighborhoods that are more diverse, are dominated by another big realty firm. Corcoran wants to stake a claim in CG and force it to be a hot neighborhood they’ve cornered the market on.
How can CG cost more than Fort Greene, with Fort Greene’s close proximity to Park Slope and all the cultural events at BAM, and close proximity to all the new developments coming in downtown Brooklyn. We don’t own a house in Fort Greene, but it would have been the first place we’d go if we could have afforded it. I’d still move there if we can afford it sometime in the future.
I think a lot of what we see in neighborhoods inexplicably receiving a lot of interest, is due to the attitudes of those coming from Manhattan, the yuppies who sneered at Brooklyn just 5 years ago and now want to be here. Brooklyn used to pride itself on its diversity and liberal values. Remember those days? Now “diversity” is an insult to a neighborhood. You see it all the time here on this blog. I totally understand why the change in attitudes and values is off-putting to old timer Brooklyn residents.
price fixing?
not kosher?
conspiracy?
the prices are high but why can’t you ask?
it doesn’t mean they will get them.
they are just greedy, plain and simple and the listings will sit on the market.
Corcoran is ruining the perfect reputation of Carroll Gardens.
Always known as a haven for the mob and money laundering, now known for money laundering and real estate fraud!
LONG LIVE BROOKLYN!
I’m surprised this place hasn’t come up on brownstoner yet, which has been on the market for a few months: http://www.prudentialelliman.com/Listings.aspx?ListingID=917798&rentalperiod=&SearchType=apartments&Region=NYC
It’s not a house, but a co-op in a Carroll Gardens brownstone listed for $1.795 million! I went to see it a while back to see if they were crazy, and they are. While it’s big, it’s been over-renovated in a not-so-nice way. And still no price drop in sight. I don’t think Corcoran are the only ones guilty of overpricing.