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Market Conditions in Park Slope : Real Estate Advice

  • All127
  • Local Info21
  • Home Buying30
  • Home Selling4
  • Market Conditions10

Activity 10
Thu Mar 19, 2015
Anna M Brocco answered:
Be mindful that square footage costs do vary and don't account for exact location and other considerations, therefore it's in your best interest to also review recently sold similar properties in the immediate area. ... more
1 vote 1 answer Share Flag
Thu Jul 31, 2014
Kathryn Lilly answered:
It depends on many things.
The size and tax class, how many families is it?
If there have been a lot of "improvements" building permits pulled on it and a lot of transfers; buying & selling; the taxes will be higher than a similar house, in the same tax class that has been in the same family for many years with no permits and changes of uses etc.
The house that you have tagged here is probably about $4-5,000 per year. But it could be a lot higher depending on the number of changes of use and building permits issued. But a lot less than you pay in Oyster Bay, NY!
Call me if you need further townhouse questions answered.
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
... more
0 votes 1 answer Share Flag
Fri Mar 14, 2014
Kathryn Lilly answered:
This apartment is on the raised first floor (walk up the entrance stoop and the apartment is on the first floor) Yes, it is pet friendly.
This is in a very hot neighborhood and I would not be at all surprised if there are not already offers exceeding the asking price.
All the best,
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
KLilly@RealtyontheGreene.com
... more
0 votes 1 answer Share Flag
Sat Feb 15, 2014
John Mazurek answered:
As a rival of Kathryn's who works a number of the same areas she does-- Fort Greene, Clinton Hill, Bed Stuy, Crown Heights, Park Slope-- I find her to be tough, competitive and a hard negotiator. Something I would want in my broker.

I have never found her to be dishonest or purposely deceitful. Any question I've ever asked her has been answered in a forthright and honest manner.

Sites like Trulia, Zillow, Hot Pads, etc., don't always have direct access to listing systems nation wide and need to screen scrape information from websites and sometimes the address is mis- read by the servers. Especially in places like Manhattan and Brooklyn where REBNY (Real Estate Board of New York) is very strong and doesn't use a traditional MLS.

John Mazurek
Managing Partner, The Mazurek Team
Douglas Elliman
718.840.2008
... more
0 votes 3 answers Share Flag
Tue Aug 6, 2013
Marcus Gomes Goncalves answered:
Call me and i will tell you check what i do in real estate http://www.youtube.com/watch?v=ZaZywVn-HYk&feature=em-share_video_in_list_user&list=UULetIz1qPu6wImtzOTVwdMg
0 votes 5 answers Share Flag
Fri May 17, 2013
Edith Karoline Jasser answered:
It would be nice if all properties with 2 bedrooms and all properties with 3 bedrooms, would be exactly the same, same size, same location, same sq.ft., same upgrades, same age etc. etc, they are not,
therefore the price per sq.ft. means little unless equal properties that have recently sold are looked at
and compared with a property in question, whether for the seller or the buyer.

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties Brokerage, 30 Green Bay Road, Winnetka, Illinois 60093
EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 2 answers Share Flag
Tue Aug 17, 2010
David Rogoff and Bonnie Chernin answered:
Stephen,

Park Slope is a very desirable neighborhood that is still in demand and the homes/condos/coops have retained their value well, even in this market. While there are exceptions and you can sometimes get a price break (i.e., finding a very motivated seller or a situation where there is an estate sale or job transfer) it doesn't happen often. Park Slope is not the first place we'd suggest looking for a "great deal" when it comes to price. There are surrounding neighborhoods you can consider depending upon your price range, including WIndsor Terrace and Kensington. We are full time Brooklyn agents and we would be happy to help you in your search.

At this time, there is approximately an 8 - 9 month inventory of homes on the Brooklyn MLS. You indicate you are from San Francisco. If you would need to set up a time to come in, we can begin to look for properties in advance and have some lined up for you to view. If you provide enough details we'd be happy to e-mail you a list that meets your criteria.

Best regards,

David Rogoff & Bonnie Chernin
Fillmore Real Estate - Branch 19
Brooklyn NY 11210
e-mail: davidrogoff@fillmore.com
917-593-4068 - David mobile
646-318-5031 - Bonnie mobile
... more
0 votes 4 answers Share Flag
Tue Sep 15, 2009
Joseph Runfola answered:
The median sales price for homes in Park Slope for Jun 09 to Aug 09 was $920,000. This represents a decline of 7.7%, or $77,000, compared to the prior quarter and a decrease of 20% compared to the prior year. Sales prices have appreciated 49.9% over the last 5 years in Park Slope, Brooklyn.

The median sales price of $920,000 for Park Slope is 77.78% higher than the median sales price for Brooklyn NY. Average listing price for homes on Trulia in Park Slope was $930,522 for the week ending Sep 09, which represents a decline of 4.8%, or $46,608 compared to the prior week and a decline of 8.8%, or $89,633, compared to the week ending Aug 19. Average price per square foot for homes in Park Slope was $562 in the most recent quarter, which is 89.23% higher than the average price per square foot for homes in Brooklyn.
... more
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Sun Sep 13, 2009
Jenet Levy answered:
This is a great question. I have lived in Park Slope since 1981 and sell both here and in Manhattan. I've raised my kids here and know every nook and cranny of the neighborhood and can tell you more details and history than you would ever want to know. When I moved here, it was the charm of the townhouses that brought myself and many of my peers to the neighborhood which was still largely undiscovered at that point and undergoing a renaissance. The new condos that have sprung up of late are an interesting alternative. Most of the Slope condos are along the periphery, as most of the core Slope is a designated historic district. Therefore, you are further from Prospect Park and other key attractions of the neighborhood. However, you can get the amenities of a Manhattan new condo for less. I have sold both and both are excellent investments. It really comes down to a matter of the heart - do you love the old, or do you prefer the creature comforts of the new?
Whichever way you choose, it is very much in your interests to have an agent work with you, someone who knows the housing inventory here very well and knows the nuances of the market (she says as she writes from her home office in her Park Slope townhouse). A good buyer's agent takes you through every step of the process with ease, making what could be a very stressful time much smoother. Best of all there is no cost to you as the seller always pays the commission.

Jenet Levy
jlevy@halstead.com
212 381-4268
... more
0 votes 3 answers Share Flag
Tue Aug 5, 2008
Jenet Levy answered:
Hi. I've been in the Slope since 1981. It was "edgy" when I moved here, but the neighborhood is now extremely stable, extremely pricey and one of the best investments in Brooklyn. My house, which I purchased 13 years ago is worth 5 times what I paid. The NYC market, including Brooklyn and the Slope has seen a leveling off, but not a drop. Prices have stopped escalating as intensely as they were and are now level and it is a great time to get in before they take off again. I sell in the Slope and all the surrounding Brooklyn brownstone neighborhoods. ... more
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