Sale at 98 Saint Marks Avenue #4

Not likely

kharby2:

1. check post 2012 comps for the area
2. also 2nd hald 2012
3. the most recent comps reflect current market value

Thanks, rb, but I am up to my ears in comp analysis.

An appraisal is not a comparative market analysis.

I'm wondering about appraisal. Different animal.

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>Different animal.

cat?

This board used to have appraisers on it, I guess not anymore.

no way in hell for $1K psf in Prospect Heights. even if you give 50% to outdoor space, you're still rediculously overpriced for a 4th floor walkup. $600K maybe.

> $600K maybe.

Sold for more than that it the past.

can't wait until you are it the past.

Hi C0C0.

nope.

Hi C0C0

i don't like you.

Awww, you say that today, but you may be singing a different tune tomorrow C0C0.

nope.

You may regret your words C0C0.

nope.

You say that today, but ...

lies

lies

and more lies

you are a liar

Hey C0C0, you excited about Robert Kiyosaki?

nope.

that's your fantasy.

more lies.

Rich Dad??? C0C0???

lies and lies and lies.

say anything.

keep repeating it.

Alright C0C0.

liar

The appraiser needs to be able to bracket the sale price. Meaning you will need at least one closed comparable sale that sold at or above the sale price of your property.

Don't forget the stoop stairs, that should drive down the price. Also, if there are steps up to the decks WHOA NELLY!!!!

There are 9 2-Br condos on the market in Prospect Heights with a median price of $786 ft^2. At $786 ft^2, that would put this unit at about $660,000.

What makes this standout

Positives:

Private Outdoor Deck, 2 Full BR, low CC and the unit looks well kept (from the pics)

Negatives:

No luxury, top floor of walk-up and taxes will go up soon

$849,000 seems high.

Deed was transferred on 3-29-06 for $701,574.00.

given a 4th floor walkup, from what Consigliere pulled as comps, $600K is about right. there's a significant discount past 2nd floor on walkup.

>given a 4th floor walkup, from what Consigliere pulled as comps, $600K is about right. there's a significant discount past 2nd floor on walkup.

Did you look at the past history of the apartment?

Don't think that it would make appraisal without a closed comp in similar range. Unfortunately that is why some sellers prefer cash buyers. Brooklyn prices are so over the top that comps don't support the prices. If you love it and plan to live there for at least ten years, go for it. Otherwise, remember that in a more normal market , a fourth floor walk up can be hard to unload. Not to mntion what will happen when interest rates rise.

Greensdale,

What do you think it is worth? [fingers crossed] Hoping you say whatever someone will pay for it.

what an idiot paid for an apartment in 2006 and was able to appraise for then, is not the current reality greeny. i could've sold a closet in 2006 for prime $$$ that today would bring pennies. desirable properties are definitely moving, this isn't one of them. it eliminates 90% of the buyer pool, if not 95%.