Comments on: Bushwick’s $725,000 Condominium http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/ News and views from Bushwick, Brooklyn Wed, 16 Nov 2011 12:21:44 +0000 hourly 1 http://wordpress.org/?v=3.1 By: johnnysaw http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-6181 johnnysaw Wed, 18 Jun 2008 00:43:08 +0000 http://bushwickbk.com/archives/256#comment-6181 Condo prices in Bushwick may flatten out but the reality of Bushwick is that most of the buildings are 6 family. They're commercial buildings. Their value is based on rents. Which are going up. Condo prices in Bushwick may flatten out but the reality of Bushwick is that most of the buildings are 6 family. They’re commercial buildings. Their value is based on rents. Which are going up.

]]> By: BornOnWyckoffAve http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-4597 BornOnWyckoffAve Wed, 26 Mar 2008 01:34:23 +0000 http://bushwickbk.com/archives/256#comment-4597 Pfffft! Half a mil will buy you a KICKASS house up where I live, which is still within commuting distance of NYC. I love my old neighborhood and for years, I thought of coming back. But the prices just offend my sense of value. Pfffft! Half a mil will buy you a KICKASS house up where I live, which is still within commuting distance of NYC. I love my old neighborhood and for years, I thought of coming back. But the prices just offend my sense of value.

]]> By: Plazma http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-4596 Plazma Wed, 26 Mar 2008 01:28:22 +0000 http://bushwickbk.com/archives/256#comment-4596 This falls in the same category as 100 Wychoff Ave. Across the board housing is very overpriced. With respect to foreigners, I think they prefer Manhattan and the coastline of Qns and Brkln. This falls in the same category as 100 Wychoff Ave. Across the board housing is very overpriced.

With respect to foreigners, I think they prefer Manhattan and the coastline of Qns and Brkln.

]]> By: Armstrong http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-3844 Armstrong Fri, 11 Jan 2008 14:55:34 +0000 http://bushwickbk.com/archives/256#comment-3844 where is this place located? where is this place located?

]]> By: Dresden http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-3843 Dresden Fri, 11 Jan 2008 14:33:17 +0000 http://bushwickbk.com/archives/256#comment-3843 It's not as bad as you people are saying. There is a ton of foreign money in town because of the cheap dollar, and the thing will sell for whatever someone's willing to pay for it. It’s not as bad as you people are saying. There is a ton of foreign money in town because of the cheap dollar, and the thing will sell for whatever someone’s willing to pay for it.

]]> By: nestor http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-3787 nestor Mon, 31 Dec 2007 16:22:45 +0000 http://bushwickbk.com/archives/256#comment-3787 LOL! The sad part about this is that about a year ago, these monstrosities would have sold for the asking price because these "jumbo" loans were so easy to make. Now that bubble burst, I wonder how long it will take these developers/owners/landlords to realize people aren't as rich as they expected them to be. Might just be a rude awakening when the bank/investors come and forecloses on these guys because a lot of these new "developments" and rehabs were done on short term financing... LOL! The sad part about this is that about a year ago, these monstrosities would have sold for the asking price because these “jumbo” loans were so easy to make. Now that bubble burst, I wonder how long it will take these developers/owners/landlords to realize people aren’t as rich as they expected them to be. Might just be a rude awakening when the bank/investors come and forecloses on these guys because a lot of these new “developments” and rehabs were done on short term financing…

]]> By: The CAT http://bushwickbk.com/2007/12/27/bushwicks-725000-condominium/comment-page-1/#comment-3786 The CAT Mon, 31 Dec 2007 15:20:34 +0000 http://bushwickbk.com/archives/256#comment-3786 In short "ghetto fabulous". These developers didn't realize that Bushwick is not an area that usually attracts high-end buyers as most around there must rent and are poor. Anyone who says this area is up and coming will be correct in maybe 2020, in 2008 it's still the ghetto!!! My opinion is that the whole building is worth around $500K with the unrenovated buidings next door worth around $350K in comparison, post bubble estimate of course... In short “ghetto fabulous”. These developers didn’t realize that Bushwick is not an area that usually attracts high-end buyers as most around there must rent and are poor. Anyone who says this area is up and coming will be correct in maybe 2020, in 2008 it’s still the ghetto!!!

My opinion is that the whole building is worth around $500K with the unrenovated buidings next door worth around $350K in comparison, post bubble estimate of course…

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