371carlton031407.jpgAfter coming to market in early February at $1.895 million, 371 Carlton was cut to $1.69 million in mid-March; after dangling in the wind for another six weeks, the price was reduced again, this time to $1.59 million. We’ll see whether the Minsk Man can move this thing now. Based upon some of the negative comments about this place that popped up when we first posted, he’s got his work cut out for him. Then again, every property has a market-clearing price.
371 Carlton Avenue [Corcoran] GMAP P*Shark
HOTD: 371 Carlton Avenue [Brownstoner]

53southoxford0502.jpgAnother house that’s been languishing since early in the year is 53 South Oxford Street, although it has a stranger pricing history. This place started out listed with a random broker named Prospective Properties for $1.975 million in January. A few weeks later, Corcoran’s Mordy Werde took over and, in a classic case of “over-promise, under-deliver,” hiked the price to a delusional $2.25 million. Now the price has come full circle to $1.975 million where we’ll see if the Corcoran marketing machine can get done what a rinky-dink firm could not. It won’t look too good if they can’t.
53 South Oxford Street [Corcoran] GMAP P*Shark
HOTD: 53 South Oxford Street [Brownstoner]


What's Your Take? Leave a Comment

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  1. Does it strike anybody else as unlikely that somebody actually considering buying a property would get all huffy on here to try to justify his possible decision to purchase. Wouldn’t they really be holding their cards to their chest and hoping and praying nobody else puts in an offer before they do. Makes you wonder who is actually behind anonymous 8:10am? Clearly not the broker they say. I don’t even know which property this is? Is it about Carlton? So that makes it clearly not Jerry Minsky? Is it also clearly not the owner? And clearly not the owner’s friend? And so on?

  2. This house is really overpriced and needs lots of work…I attended an open house w/ the other brokerage.. The “rinky dink” agency is pretty good…very personable…breath of fresh air…and doing quite well.

    Let’s see if Corcoran and sell it at the asking price…

  3. To Anon 11:59PM. I am one of the sucker’s who is close to considering the property. I have the knowledge and skill to work with it and I am very confident that I will be getting an excellent value. So sucker away dude. I am not the broker. Even if it makes you feel better thinking that.

  4. The best listings are the ones we miss, because they’re such a great value that they come and go underneath our noses (or most of us, anyway).

    There were a couple of buildings in my life that literally dispappeared before my eyes; they were listed on Monday, and when I saw the listing on friday and made the call, the home was gone.

    Good value is really obvious, spellchecked or otherwise.

    I just don’t understand why people keep their properties on the market for so long without making the “value” better (i.e. dropping the price). Do they just not want to sell, or do they feel like wasting a year or two waiting for a sucker who might never come along is worth it?