Bedstuy at UWS prices

Let us assume the listing is 20% overpriced.

https://streeteasy.com/sale/1465643

I guess needs a 50 percent cut.

That said there have been several sales around $1000 per sq ft for very nicely finished houses in Bed Stuy.

How much would it take to make this listing "very nicely finished"?

A+ photography on Decatur

But yeah, Macdonough would be nicer to actually live in, let alone pay half for.

30, Nice finishing with alt 1 to covert it to appropriate config, window changes, central ac, electrical, structural fixes/repairs, landscaping, roof deck will not happen for less than $1mm plus carry and trouble (call it $200k additional) for 12-18 months.

So if you put in another $1.2 million it could possibly be worth $3 million?

If ultra-luxury developers can pull the prices out of their axses, why not in BedStuy?

This one looks plenty renovated @$733/sf.
https://streeteasy.com/sale/1470658?

PS look who is still listed as being at Nestseekers.

Can I nominate this one for having the most obnoxious broker babble?

https://streeteasy.com/sale/1494728

30, Madison broker tricked you. It is only 2880. 16 foot wide lot discount as well. So close to $1k per sq ft but the main point of overpricing of original listing is valid.

16x45 foot print. 4 floors. They included cellar.

What George? You do not like the mixing of capital and lowercase despite all your English education!

"A simple, Passionate, Intoxicating, Vision on a street. Designed to inspire generations, Stimulate dreams And redefine expectations."

For many of the best homes in Bed Stuy, it 'feels' like a seller's market. We submitted four offers last week on homes, two at ask and two above ask, one significantly. 0-4... We were also outbid on a home on 160th Street! I love the Jumel Mansion nearby, some beautiful limestone homes... But thought for sure we would be the only bidder on this one. If you haven't been, go visit, this was Washington's NYC revolutionary war headquarters (JM).

What's interesting is we're not seeing significant price increases from post-covid on these bed stuy homes. We're just seeing increased activity and demand for them. Perhaps we will see prices start to reset higher if this trend continues.

For the nicer homes, that only need moderate amounts of repair/renovation, $650-$700 a square foot currently in Bed Stuy.

Just to reiterate, I said MANY, not that bed stuy was a seller's market as a whole.

We had better luck with a home in Park Slope and PLG.

Keith Burkhardt
TBG

Pre-covid..

How do you define "only need moderate amounts of repair/renovation"?

Those weird Random Capitals work, that's Why we do it.

Ha

As a writer, what grade do you give to the copy in that listing? I personally like bullet point description in the listing besides a few opening lines to summarize but I know that I may be in the minority.

300, years ago I had some press contact with a Texas agent, Houston I think, whose whole business model was to psychologically type his buyers and then market to that type. So he'd hit the numbers diehards with numbers, for instance. I guess the writer is assuming that there are emotional buyers who will respond to OTT prose... in my experience that's not the way it works, but hey, it only takes one.

Back when I managed the JI Sopher Village office and pretty much the only place we advertised was the Sunday New York Times agents would hand in their ads on ? Wednesdays? and I would submit them. I had one agent who consistently wrote terrible ads which would get no calls. One week he turned in a particularly bad ad and I decided I would just let it run to teach him a lesson. He ended up selling the unit to the one person who called on the ad.

That's the long version of "Aly is always right."

Ha.

30, I heard some stories about JL Sopher paying commission to agents with a significant delay. I hope you got paid.

I had to sue and boy was he surprised when he lost. Most agents didn't have the various resources necessary to do that which is why guys like him pull that - because they can get away with it. Dealing with him and similar Real Estate (expletive) is what formed my attitude towards a lot of things.

Glad you made him realize that he can't get away with screwing people.

I highly doubt I did that.

Lol 30

https://abc7ny.com/woman-shot-in-brooklyn-bus-shooting-on-fulton-street/8046809/

Cheer up, it's worse in Philly.

Sopher certainly played a significant factor in shaping my business. Working there was hideous, the only thing that kept me there were the good friends I made in the village office. This is also the office that gave us Steve Croman. Though I stumbled in there straight out of a music career in punk rock and having recently dropped out of CUNY law School. Seemed like it would be fun and fit my lifestyle. It would certainly make for a good book.

Happily I didn't have to rely on them for business. I had a fairly good social network that provided me with clients that needed to rent an apartment in the village.

Although a slightly different product, think Glengarry, Glen Ross.