This Weekend's Open House Picks
Park Slope 146 Sterling Place Douglas Elliman Sunday 12:30-2 $2,995,000 GMAP P*Shark Fort Greene 76 South Elliott Place Brown Harris Stevens Sunday 2-4 $2,795,000 GMAP P*Shark Fort Greene 135 Saint Felix Street Corcoran Sunday 1-4 $1,699,000 GMAP P*Shark Bedford Stuyvesant 522 Madison Street Corcoran Sunday 10-11 $624,960 GMAP P*Shark
Park Slope
146 Sterling Place
Douglas Elliman
Sunday 12:30-2
$2,995,000
GMAP P*Shark
Fort Greene
76 South Elliott Place
Brown Harris Stevens
Sunday 2-4
$2,795,000
GMAP P*Shark
Fort Greene
135 Saint Felix Street
Corcoran
Sunday 1-4
$1,699,000
GMAP P*Shark
Bedford Stuyvesant
522 Madison Street
Corcoran
Sunday 10-11
$624,960
GMAP P*Shark
The time is now — to pounce on the “short sale” properties in Bed Stuy. Not quite a 50% reduction, but more like 30%. When the smoke clears – the Stuy will be the next truly hot neighborhood and prices will gradually explode. Why – the subprime buyers did minor alterations to exteriors and mechanicals and left the real cosmetic work for the “white knights,” a non-racial term, who will benefit from the fire-sale of the burgeoning “short sale” market.
Forget, the slope, heights and fort greene. The prices will still be too expensive for most (90% of people). Recipe: Wait 3 months (one quarter); buy; hold; and watch. In 2 years, prices will begin to skyrocket due to too many variables to list.
Yup, prices will drop 50% by the time everything shakes out.
Folks who paid millions for townhouses in Brooklyn will be stuck for years.
I’m not gloating, but I admit I am waiting to pounce when the time is right.
11:51- I see that we’re in the same boat. Deep breath.
I said earlier that in my 20+ years on Wall Street, this is the worst crisis I’ve seen, including 87, 91, 98, 01/02.
I now realize that I underestimated how bad this is.
OMG The What was right
oh dear god
I lived on President Street between 7th and 6th in 1986-1987 and didn’t realize the 1980s in my neighborhood were “disgusting.” I never had a problem, even with my certifiably insane landlord.
Can somebody please tell me what “the What” is? Is it some inside joke that I would get if I think harder? Thanks.
Wow. Just read all of the comments. Is there a class war in Park Slope or what? Seems like a real tension exists between buyers who bought when Park Slope was affordable and new buyers (who, in order to afford huge price tags, must be wealthier). Am I reading in to much to this series of posts or is this the way it is right now?
The Bed Stuy open house is from 10-11am! No way.