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April 19, 2005

He's Back: Corey Behind Red Hook Sale to Babs

coreyTurns out that the Red Hook house that Barbara Corcoran made famous was owned by another master of self promotion, Alan Corey (along with partner Carver Farrell). Corey, as you may remember, is the part-time actor part-time real estate impressario who was written up last December in The Post for having made the Doctor Evil-like sum of $1 million investing in real estate; for fifteen minutes he was also Curbed's "Favorite NYC Real Estate Personality." We'd guess he added a bit to his war chest with this sale to Babs: The building had been on the market for $1.1 million since the beginning of the year before Corcoran locked it in recently for $1,070,000. What's next for Corey? According to his website, another development project.
Babs Stepping Up in Red Hook [Brownstoner]
Brooklyn Investment Guru [Curbed]
Tips from a Millionaire [NY Post]
Tips from a Millionaire [AlanCorey.com]




Posted by Brownstoner at 8:37 AM | Comments (6)
Categories: Properties

Comments

Babs thinks there is no bubble...(from BWonline via Yahoo - link below):
"Q: First things first -- bubble or no bubble?

A: Of course there's no bubble. I think we're just getting started. But I don't expect anyone to believe me. There are so many more buyers than there are homes to sell. Bidding and overbidding are the norm of the day. So it's going to take a lot to slow this market. Even if it does -- which I don't see the signs of -- it will still slow down slowly. That's not what a bubble does.

I think the bubble theory is nothing more than an intellectual expression of people's typical worry that good times can't last forever. When your marriage is going well, you worry there's a problem on the horizon. I think it's more psychological than fact.


http://biz.yahoo.com/bizwk/050315/nf200503156227_db093_1.html

Posted by: d15 at April 19, 2005 9:46 AM

From what I understand, that building was owned and renovated by a guy named Carver Farrell, not Alan the "Reality TV Guy".

Posted by: hooked at April 19, 2005 6:07 PM

On his website, he's already added a link to this post under his "Press" links! That gave me a laugh

Posted by: will at April 19, 2005 7:39 PM

On properyshark, the organization listed in the transfer to Corcoran was Red Hook Renaissance. Is this is Corey's group?

Posted by: BK Squeeze at April 19, 2005 7:39 PM

yeah, what made you say Carver Farrell is corey's pawn?? Corey is creepy and evil incarnate.

Posted by: Anonymous at April 20, 2005 12:58 AM

test

Posted by: Anonymous at April 21, 2005 6:02 PM

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