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]
“where is carroll gardens?”
It’s Park Slope adjacent.
where is carroll gardens?
200.
AY is dead in the water.
close. pass the melba toast.
I’m thinking Vince Carter buys all four for himself and extended family–to be close (but not TOO close) to AY.
are we there yet?
I’m whipping up some fresh guac and salsa. This baby is headed to 200!
Forget Johann – one President St. house to Jose and the other to Billy.
If 7:58 is true about being the realtor and having to raise it $500k (and it seems believable), this seems to be the crux of the matter.
The realtor starts with a number which if I were the seller I’d want to be the highest at all imaginable to please the buyer and bring in the highest possible commission. This rate may be based on comparables where a celebrity buys from a relative or such and/or take in statistics from some neighborhood where prices have risen 15% and assume that will translate to CG. Being smart, the realtor recognizes that this may be much more than that 15% too high and the market may be dragging and a final sale 40% down isn’t unrealistic based on the 2006 bubble pricing; thus something that might sell at $1.8M is initially suggested at $3M. But lo and behold the owner who spent $750k on renovations says “Great, add another $500k.” Suddenly, there’s a listing for $3.5M that nobody will ever buy (except Johann Santana) but 200 people will post complaining.
I am one of them.