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Sale at 274 Prospect Place

Started by 300_mercer
about 9 years ago
Posts: 10577
Member since: Feb 2007
Discussion about 274 Prospect Place
WOW!! Manhattan prices in BK. Needs gut reno. Not even the good part of prospect heights. What do people think it will trade at? I believe Park Slope gut reno trades at $700ish on a non-park block.
Response by 300_mercer
about 9 years ago
Posts: 10577
Member since: Feb 2007

My take: Certainly below $2mm. Perhaps $1.8mm. Perhaps I have no clue.

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Response by BigA
about 9 years ago
Posts: 16
Member since: Feb 2009

What's the "good part" of Prospect Heights if this isn't it?

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Response by 300_mercer
about 9 years ago
Posts: 10577
Member since: Feb 2007

Between Flatbush and Vanderbilt. 4 story townhouses vs 3 story townhouses in another indication.

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Response by 30yrs_RE_20_in_REO
about 9 years ago
Posts: 9881
Member since: Mar 2009

I would suggest they take the gates of to sell.

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Response by 300_mercer
about 9 years ago
Posts: 10577
Member since: Feb 2007

30, It is a classic case of a new broker being able to get listing because of aspirational^2 pricing and a clueless seller's estate (my guess). Unfortunately, landmarks has usurped private property as it is very hard to utilize any of remaining FAR.

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