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]
I agree, 5:50.
These listing actually make Park Slope look like a BARGAIN!
There have been no such listings that I can think of in Park Slope that have been overpriced by a million or even two million dollars, like these four.
One of the most perverse aspects of American consumerism is that there are many folks who don’t want a bargain. If they’re not paying top dollar, they believe they’re not getting “quality”. So take that kind of a RE buyer (probably Manhattan based) and combine that with their fear of black folks, and you’ve got a great formula for massive price inflation in a neighborhood where, frankly, people of color have never been welcomed. The best way to test this would be for a buppie couple (preferably one partner employed at Goldman Sachs) to go check out some of these listings and see what kind of response they get from the brokers. But, wait a minute, didn’t Corcoran get into major trouble recently for playing the game this way?
“if that’s the case, park slope is full of money launderers.”
Nope, not really. I don’t know of ONE Park Slope house that is 16′ wide and 3 stories tall that was ever sold or even listed at $3.6. Not one.
That’s IT, 5:28!! This is all the responsibility of scheming, fear-inducing real-estate savvy money launderers, who go door-to-door to “persuade” homeowners into selling their houses at wildy inflated rates! Of course!!Phew. That’s a load off my mind!
http://www.hopstop.com/map?zip=11201&address=164+SMITH+ST&nearby=s
164 Smith is Wycoff and Smith which is Borum Hill.
Someone is watching too many spy movies.
if that’s the case, park slope is full of money launderers.
If that’s the case, 5:28…Corcoran is GOIN DOWN!!!!!
hmmmm, 5:28, hmmmm.
“There is nothing to be gained by the agency or the agent to have a listing that does not sell. Agents work for the sellers!!!”
But agents need to GET the listing first, and to get it they sometimes entice the seller with astronomical figures.