houseBrooklyn Heights
169 State Street
Stribling
Sunday 12-2
$2,495,000 (was $2,995,000)
GMAP P*Shark

housePark Slope
438 7th Street
Brooklyn Properties
Sat & Sun, 1-3
$1,950,000
GMAP P*Shark

houseProspect Heights
270 Sterling Place
Corcoran
Sunday 1-3
$1,500,000 (was $1,500,000)
GMAP P*Shark

houseBedford Stuyvesant
146 Halsey Street
All Points RE
Sunday 1:30-3
$795,000 (was $995,000)
GMAP P*Shark


What's Your Take? Leave a Comment

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  1. Mr. Joist-
    My guess is the State Street house needs a lot of work. The first thing the listing says is: “A rare opportunity to either convert to 2 Family or renovate with some cosmetic updating for a fabulous single family residence.” And it’s only 2 houses in from the movie theater on Court (and across from the dumps that penson recently unloaded) so not a super premium location. The current asking price is probably in the ballpark – if there were a widget, I’d say $2.3 – but not cheap. This end of the block is a little hard to sell because the people who’d want to pay a premium for the heights might not consider it, and those who don’t care about the heights premium can find nicer houses in cobble hill or boreum hill just a couple of blocks away on a different price scale.

  2. Interesting conversation you two. Glad to see you can mix it up and keep it civil. you both sound pretty convincing to a non-finance person like myself. Hope you actually meet and hash it out face to face.

  3. You’re probably right, denton. You did have to be a bit adroit to get back to those levels at this point in time.

    Also you’re right on the SP500. As i posted above, the ten year return for the SP500 to June 30, 2009 was -1.02%

    I think Arkady posted the other day that she had recouped most of her losses.

  4. Whuh, you can send them to me. I’m never averse to making money 🙂

    Moodys sucks. I hope they lock them up.

    dibs, I’d take issue with this statement:
    “Unless you were a real speculator in the stock market, most people’s portfolios that I talk to are back to pre-crash levels.”

    I’m back to end-of-2007 levels only because I dabble. I’m probably not back to 10/9/07 levels yet. A buy-and-hold investor still has quite a ways to go. Over 4000 on the Dow. The ten-year average return for most equity funds is flat. The ten-year average! The small guy really got screwed this time.

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