House of the Day: 408 10th Street
We’re not sure you’re going to “grow rich” by buying this house at 408 10th Street, as the listing suggests, but you’ll probably be very happy living in the attractive lower duplex while collecting rent from the three apartments on the upper two floors. What do you make of the asking price of $1,995,000? 408…
We’re not sure you’re going to “grow rich” by buying this house at 408 10th Street, as the listing suggests, but you’ll probably be very happy living in the attractive lower duplex while collecting rent from the three apartments on the upper two floors. What do you make of the asking price of $1,995,000?
408 10th Street [Halstead] GMAP P*Shark
Read today’s article in Bloomberg “Wall Street weighs weighs limiting pay bumps for junior bankers” -if this is so, kiss it good bye vis-a-vis Brooklyn bloated house values.
It is really the young over-paid financial sector types that are ruining it for everyone else. Without their idiotic six-figure bonuses, perhaps regular successful people could afford to buy real estate in the nice parts of Brooklyn.
I always wondered why this house towered over the others. Could be good buy for those with a Napoleon complex.
LOL on the listing title. Starting to resemble some of the local brooklyn cable commercials.
I’ll guess most buyers might look at the duplex for themselves and rent out the upper apartments. (which they aren’t showing right now) In which case, back out $300k for renos (which people seem to be reluctant to do these days)
I always wondered why this house towered over the others. Could be good buy for those with a Napoleon complex.
LOL on the listing title. Starting to resemble some of the local brooklyn cable commercials.
I’ll guess most buyers might look at the duplex for themselves and rent out the upper apartments. (which they aren’t showing right now) In which case, back out $300k for renos (which people seem to be reluctant to do these days)
my guess is that most people who sell their apartments in Manhattan for huge profits move to the sunbelt or the nicer suburbs. I don’t think that many move to Brooklyn especially now with prices in Brooklyn being irrationally high.
“In many cases, pay cuts on Wall Street will come mostly at the top because that is where the largest bonuses are paid. Before the crisis, financial firms competed aggressively to attract and keep up-and-coming talent to groom for the future.
As a result of the looming cuts, though, some midlevel employees at investment banks might make more than their managing-director or executive bosses this year, said people familiar with the matter.”
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I assure you, these mid level people are the buyers, not Goldman partners or fixed income traders. lol
If financial people come here at all, its for space / family / privacy reasons. Bankers with $10 mil or more of liquid assets ain’t movin’ across the river.
“In many cases, pay cuts on Wall Street will come mostly at the top because that is where the largest bonuses are paid. Before the crisis, financial firms competed aggressively to attract and keep up-and-coming talent to groom for the future.
As a result of the looming cuts, though, some midlevel employees at investment banks might make more than their managing-director or executive bosses this year, said people familiar with the matter.”
—————————————————-
I assure you, these mid level people are the buyers, not Goldman partners or fixed income traders. lol
If financial people come here at all, its for space / family / privacy reasons. Bankers with $10 mil or more of liquid assets ain’t movin’ across the river.