housePark Slope
169 8th Street
Brown Harris Stevens
Sunday 11:30-1:30
$1,195,000
GMAP P*Shark

houseWilliamsburg
273 Berry Street
Kline Realty
Sunday 12-2
$1,129,000
GMAP P*Shark

houseKensington
303 East 8th Street
Corcoran
Sunday 12:30-2:00
$949,000
GMAP P*Shark

houseSunset Park
337 46th Street
Craigslist
Sunday 12-2
$675,000
GMAP P*Shark


What's Your Take? Leave a Comment

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  1. Mopar,

    I agree that “nothing is a foregone conclusion”.

    But if anything were damn close to one, it’s that real estate prices across NYC will plummet like a rock over the next couple years.

    Without Wall Street jobs and the big bonuses that went along with them, who in the world do you expect to pay such high prices?

    Currently the local real estate market is pretty much frozen. It won’t take much more bad news for a panic to ensue and prices to come down big time.

    Previously, I thought prices would decline slowly over the next couple years, but things seem so horrible to me right now, I expect prices to start dropping faster and faster.

    If you can get a mortgage, and have the balls to buy in the midst of a possible Great Depression II, go for it, dude.

  2. Any other thoughts on the Kensington house, besides househunt (thanks, househunt!). What is it like west of Ocean Parkway re: quality of housing stock and amenities? And I am never sure about the difference between “TLC” and “major renovations”… if there even is one.

  3. Jonesy,

    I’m with you on the Gowanus and the condition/price, but that area is not a desert regarding food. Even 4th Avenue has some decent eating options, at least for Latin food. There’s lots of take-out, and places tend to deliver farther than they do in areas with more restaurants. 5th and 8th have lot of options.

  4. Miss Muffet, nothing is a foregone conclusion and that is the problem with your posts.

    Agree 8th St. house nowhere near Park Slope, it’s Gowanus, no way they are getting ask for that house, but if they don’t all it tells us is the ask was absurd to begin with.

    How come nobody is commenting on the Williamsburg house? It’s a sweet, sweet place and that price is a bit lower than asking prices have maybe been in the past. Maybe someone could get it for $950,000 and avoid the mansion tax. Not us, however, as we couldn’t afford more than half that. Plus it sounds like they’re using the parlor rooms as bedrooms — hate that. There are two families in Ocean Hill and Bushwick where each apartment has parlors and bedrooms.

  5. 1. Miss Muffet. I thought you said you were done with posting.

    2. If you’re gonna start posting again, WE ALL KNOW YOU “sold at the peak and have cash in your pocket”

    You may as well add that to your signature.

  6. Regarding 46th Street. I recently learned that the proprty cannot be sold as is because the reno work done was not approved. There’s no final signoff from the city. No buyer is gonna get a mortgage on that.

    We went to an open house and while it’s pretty on the surface you can see that there are some quality issues. The floors are cheap, don’t match and are uneven in some spots. Squeaky too.

    The entire house it tilted and not level. There’s actually one room where the floor and baseboard are separating from each other. I wouldn’t like to see anything crawl out of that space.

    The kitchen is old, never updated. The seller claimed it was a homage to 50s kitsch. That’s a new one LOL. Appliances are beyond old and the “island” is ready to fall.

    Perhaps most annoying of all is the fact that the Gowanus Expressway can be heard from every room. It simply ruins the backyward which is already an overgrown mess and unusable as it is.

    We couldn’t imagine sitting out there in the heat of the summer watching the cars speed by while emmitting that lovely aroma of diesel. No privacy in the yard either. (one of the neighbors has a junkyard vibe going on. Seriously, we saw a rat)

    It would be a steal at $500K. Anything more for that area and those defects is not worth it. No restaurants, takeout, or any anmenities of any kinds. Seriously, there’s not even a decent coffee shop. It’s a dead zone.

    It’s been on the market for almost a year already and if there’s no updated CO, which the seller never mentioned to us, I can’t see it moving anytime soon.

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