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]
Maybe a guy shows up at your door in Carroll Gardens one day and says – “put your property on the market – shoot for the moon with your aksing price. I guarantee it will sell for whatever you ask. Just leave it on the market for a while and don’t cut the price.” Let’s pretend for the sake of our hypotehtical that this guy is someone you know. Someone you respect, or maybe even fear.
After a couple of weeks, someone you don’t know buys your place for the asking price, even though no other bid even came close. They pay with a check drawn on an account off shore somewhere – no mortgage or paperwork aside from the real estate filing. That person sits on the place for a year or two, then sells, maybe even at a small loss – no gain to report. But guess what, their money is now clean and in the US legitimately. Everyone’s happy.
I don’t know anything. Just guessing here.
RE: PS.58
*On March 22, 2006, the New York Times reported that the Department of Education was planning to fire Principal Joyce Plush-Saly after an investigation concluded that she improperly gave students advance access to state test questions. Plush-Saly was removed from the school in mid-January when the investigation began. Stefanie Greco, assistant principal at PS 132 in Brooklyn, served as interim acting principal. (March 2006)
*A parent writes, “So far I am not very pleased with the performance of this school. For one, this school is very dirty, and many of the children have no manners at all. I believe that this school would be great if it cleaned up its act more.” (June 2004)
4:44 Here. I said the sellers have the last word. A broker will take an overpriced listing and hope the seller will ‘listen to the market’, and drop the price when it does not attract offers. 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!!!
My wife attended the PS58 open house a few weeks ago and it was a mad house everyone now wants to get there kid into that school. The principal is a very good leader.
“I saw quite a few people coming out of the 304 open house on Sunday.”
Yea, a lot of us neighbors went for a good laugh!
No need to email the agents this thread – they are reading it.
4:53 is right. There are NO comps to support these prices.
304 President is much larger than 329 and is four family and it is priced over a million dollars less. I saw quite a few people coming out of the 304 open house on Sunday.
Who wants to email this thread to the brokers for these 4 properties?
Anyone?
Anyone?
Agents can always refuse a listing that they believe is overpriced.