House of the Day: 179 Bergen Street
This classic Boerum Hill townhouse at 179 Bergen Street hit the market two weeks ago with an asking price of $2,375,000. That price sounds suspiciously similar to what it might have been listed for a year ago, but it’s a beauty of house (color palette notwithstanding) and there’s no shortage of people who want something…
This classic Boerum Hill townhouse at 179 Bergen Street hit the market two weeks ago with an asking price of $2,375,000. That price sounds suspiciously similar to what it might have been listed for a year ago, but it’s a beauty of house (color palette notwithstanding) and there’s no shortage of people who want something like this in this area so we shall see.
179 Bergen Street [Douglas Elliman] GMAP P*Shark
the sq. footage of the brownstone is a little lower than those on other blocks in boerum hill (3100 vs. 3800). I bet it still goes for at least 2.
No one has commented on how wall street salaries are expected to ramp back up.
there isn’t real censorship on this site. If you want censorship go to the Brooklynheights.com blog. My comments are always placed on “moderation queue” why? not because I use bad language or am offensive but because I sometimes disagree with the “party line”. That blog is really weird. It censors opinions. It really is operating in a very un-American way. There is an old guy who signs in as “Nabeguy” I think I know who he is, and you better not disagree with him because if you do, you are on “moderation queue” never to be heard from again.
So what happened on Open Thread that it was taken away. And since when are we censored on Brownstoner. This is very 1984 and I do not like it one bit.
Ha! The same Lewis Ranieri that basically invented CDOs that brought subprime mortgages into the mainstream?
The same Lewis Ranieri whose bank (Franklin) collapsed at the end of last year?
Seems like he was still drinking his own kool-aid until the bitter end.
I think it’ll get 2-2.1 unless there’s something egregious not depicted.
DIBS, did you read Liar’s Poker? Lewie sure is a colorful character.
I thought we weren’t supposed to cherrypick, then cut and paste…? Anyhow, I don’t know Ranieri from DIBS, but it’s not clear whether he means prices, starts, investment; and he might mean nationally but not regionally, the mean but not the outlier markets at the high end. Who knows? Doesn’t motivate me to buy, tho.
This is one of the nicest houses I have seen recently and the location has the advantage of not being in any of the Park Slopes (oops, did I just write that? sorry). Seriously, I think Boerum Hill is cooler than the Slopes, but that’s just me. So no, I don’t think that there are that many houses in direct competition with this one. I do think the price is too aggressive, if they offer owner financing, I think the house will sell quickly, if not, then they will have to wait for a buyer to offer an all cash deal or close to it, meaning it will go for substantially less.
DIBS, Those people are talking about the national market. NYC is at least a year behind everyone else on this. Our bubble kept expanding long after most areas had already greatly deflated. A place like Pheonix, which the NY Times reported today has experienced a 50% drop in prices since 2006, is at the bottom. We, however have just begun to drop. No, I don’t expect 50% drops here, but I do expect a lot more than we’ve seen. I wish I didn’t–my 401K is dead, my job is shaky at best, and my brownstone is my only real asset. But such is life.
IB — Normally I’d agree with you, but there is something about this lsiting that makes me think that the owner will not get anything above $2M for 3 months and then either take a sub-2 price then if thy really do need to sell.
If they don’t need to sell(for example, if thier rental is decent income and they are not financially stressed), the owners can (and maybe should) take it off the market. It’s a nice looking house, and it might be better to take it off the market for a year and