Out and About: Victims of their own excess

Squash anyone? Kitchen of brownstone listed for $10 million.

They closed on the brownstone on Aug. 20, 2008 for $7.85 million.

It happens that Lehman brothers collapsed less than a month later, causing our housing markets to swoon.

While the markets in Manhattan and Brooklyn in particular have made great progress since then, we still have a way to go before reaching the peaks of days gone by.

Unfortunately, the sellers — I’m sure, a very nice family — have overestimated the demand for properties that can accommodate a big family easily.

Auction set for vacation place with great security

Two houses in Manhattan also are available to bidders

If security is paramount, the happiness will be hard to contain of whoever is the winning bidder at the auction of a property in Northern Adirondack Park this summer.

On 27.3 acres in the hamlet of Lyon Mountain in Dannemora, the property includes several acres of undeveloped land and 23 buildings totaling 90,676 square feet.

New York State is selling the former minimum-security correctional facility as surplus property on July 10, and the minimum bid is a mere $140,000.

(If a second prison might prove to be of interest, the former Arthur Kill Correctional Facility on the southern tip of Staten Island is for sale as well, but not at auction.)

Weekly Roundup: Buyer woes, singer’s many purchases, U.S. price gains, mortgage brokers’ profits, soulful kitchens, millennials’ optimism

Manhattan a tale of two markets

Real Estate Brokers Predict a Tough Time for Buyers

Buyers ask, brokers try to answer

Tight inventory leads buyers to risk their down payments

Popular keywords enable listing agents to sell fast

Booming Hamptons market pushes renters east

And Fire Island fights Sandy’s effects on housing market as summer approaches

For trophy properties, $100 million is the new $50 million

Short supply of Brooklyn brownstones, leads to whopping price tags as more Manhattanites switch boroughs

For fixer-uppers, go east

City official says two, three more micro-unit developments in the offing

Sanitation Department schedules disposal events for hazardous products in five boroughs

Social media bigwig accused of trashing apartment in Chelsea and purchases big Greenwich Village loft for $8.15 million

Noted artist lists for $3.13 million Fort Greene townhouse purchased for nearly $2 million less in 2007 and renovated

Network TV anchor

Bankruptcy auction set for a brownstone in limbo

14 Queens co-ops, houses also go on the block in March

The bankruptcy saga of the Upper West Side brownstone, right, finally seems to be coming to an end.

The 11-unit townhouse at 313 W. 77th St. went on the market in September of 2011 at an asking price of $3.995 million.  It has languished since then.

Still, the 5,898-sf brownstone between West End Avenue and Riverside Drive is bound to fetch more than that at a bankruptcy auction.

Bankruptcy trustee Albert Togut of the Togut, Segal & Segal law firm previously entered into a contract to sell the building for $3.75 million with a tenant who has agreed to move out if an offer of at least $4.5 million is made to purchase the place vacant.

Consequently, any successful bidder below $4.5 million would have a doozy of a time

Weekly Roundup: NYC condos, U.S. inventory, all-time low rates, Airbnb, pet furniture, most diverse metros, housing forecasts and much more

Brownstones increasingly go mod

Number of new listings of new condos turns up in Manhattan along with prices there and in Brooklyn, Queens

Causing 15 percent increase in materials and monopolizing workers, Sandy raises construction costs

Buyers of lower Manhattan apartments so far unmoved by storm

Rents continue to climb as vacancies reach 32-month high, and biggest October increases hit smaller units

Report suggests that multiple bids for renovations may encourage homeowners to overpay

And don’t expect financing for renovations to be a breeze

Five brokers investigated on complaints that they demanded extra fees from HIV renters

Region remains least-affordable major housing market in nation

Foreclosure filings surge in metro area, more than anywhere else

With her Georgia home foreclosed, she has reason to sing the blues

Media mogul pays record $54 million

Out and About: Love thy neighbor but not thy neighbor who is trying to sell a similar property

One of the brownstone gardens among many.

The listing sounds pretty tempting:

“. . . [A] den/dining/sunroom with skylights and large windows to the lush garden, a true Eden.”

This one seems just as nice:

“In a historic townhouse, this apartment has three levels, a beautiful, private garden, and 2 or 3 bedrooms with 2 renovated baths.”

And there’s this one:

“The living room opens to the verdant garden of approximately 500 square feet, with attractive hardwood decking surrounded by lush plantings.”

This too (albeit grammatically erratic):

“Cute Garden with grill, quiet with lots of plants and lovely brick walkway connecting kitchen Garden.”

And another.

Here’s another:

“Beautiful brownstone triplex with large landscaped garden, three bedrooms and three and a half baths, steps from Central Park.”

And the last:

“Large bright parlor floor 2 bedroom with 12-foot ceilings and classic hardwood detail  . . .  Eight-foot windows look out on a well maintained private garden.”

Although you may have surmised with some justification that I’m fixated on gardens again, my point

Out and About: It’s wrong to gild a (faded) lily

This photo of a brownstone

Because we are moving into August, there will be just one more Out and About before Labor Day.  But you’ll find other posts, published somewhat less frequently than usual, until then.

Have a look at the photo at the left and consider how much you approve of painting over antique woodwork.

Having seen that wonderfully ornate woodwork, I suspect that someone has monkeyed with the photo. In person, I was turned off by many layers of paint that obscured the detail and failed to cover up numerous underlying flaws.  (Unfortunately, the photo doesn’t do the bannister injustice.)

It seems clear that the paint, as usually is the case, was a cost-saving shortcut that, to my mind, only amplified the defects in the woodwork. How lovely that ornamentation would have looked when repaired and polished. But how expensive the project would be.

Such corner cutting is typical of what I see in turn-of-the-century brownstones that have been divided into apartments, and I think

Out and About: I’m in love, alas unrequited

Photos of duplex at 444 Central Park West courtesy of listing broker Matthew Steele of CitySites Real Estate Group.

In the course of my open house rounds, I see properties that are listed for as little as $300,000 and as much as many millions, well into the double digits.

You might expect me to go gaga (sorry, Lady) over the most expensive ones.  And they obviously do make a strong impression, but they begin to look the same after a while.

I find that I can pretty well predict how a high-priced property will look even before I go through the door whether in a pre-war or a post-war building.  It’s the exceptions at various price points that get my heart beating fast, however.

What would you pay for two units four floors apart?

It's hard to fault the views from many Central Park West apartments.

Two full-through condos are on the market in the same building on Central Park West in the mid 90s.

Their views of the park from oversize windows in the living room and master bedroom are bracing, though the bus and other traffic noise on the street below could prove annoying.

These four-bedroom, 2,733-sf apartments in a 1992 building are pretty impressive, and they are priced half a million dollars apart.

Their price histories are curious, especially when compared with each other.

Weekly Roundup: Clouds admit glimmers of hope

Depending on news volume, this Friday feature may not–but probably will–return before Jan. 7.  Please do check back between now and then for occasional posts.

Meantime, here’s your chance to catch up with real estate developments included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.

MAISONETTE OWNED BY LATE UPPER-CRUST FAMILY FINALLY FINDS BUYERS SLICED FROM THE SAME LOAF

AN ACTING COUPLE SLIPS AWAY IN THE CITY AFTER THEIR OFFER IS ACCEPTED

WRITER OF MONEY SPENDS A BUNCH OF IT TO BUY A BROWNSTONE IN BROOKLYN

PRIZE-WINNING IRISH NOVELIST WHO IS LOVED BY OPRAH MOVES UP IN THE WORLD

RATHER FAMOUS BARD’S HOME ON THE RANGE IS ON THE MARKET

DECADE ENDS WITH AVERAGE 58 PERCENT GAIN IN HOME PRICES

CONTINUING TO RISE,