Look at What Just Sold in The Slope...
The price wasn’t high enough to make the cut for the Biggest Sales post a couple of weeks ago but this one still seems worth calling attention to: The three-family house at 506 3rd Street in Park Slope just sold for $1,850,000, only 7.5 percent below its longstanding asking price of $2,000,000. The original listing…
The price wasn’t high enough to make the cut for the Biggest Sales post a couple of weeks ago but this one still seems worth calling attention to: The three-family house at 506 3rd Street in Park Slope just sold for $1,850,000, only 7.5 percent below its longstanding asking price of $2,000,000. The original listing doesn’t have any photos which is a bummer. How does the price sound to you? GMAP
I lived in that building for years. It was falling apart due to many years of neglect. The owner never fixed anything. There were some nice details but also some seriously cheap renovation work that had been done before I moved in. Even the backyard was a wreck. It will take major money to renovate. And by the way, the original asking price in late 2007/early 2008 was $3.1M.
my question is, how outlying are they? how much churning is really out there? if I, a total noob, can find a couple pretty easily, how much is really there? if a lot… BK hasn’t really had crash yet, to my mind, but these real, but hidden, purchase prices, should provide the real market value.
Just found another one, 3-family in Cobble Hill, scooped up in 2007 (the peak!) for $700K, now listed for $1.8MM.
Any advice on the best foreclosure websites? is property shark worth the subscription cost?
noob – I agree – those are market outliers that I think interest most of us here!
Slopey – Those would be news!
I am far more interested in the other end of the real estate market. I recently found two brownstones listed for just under $2MM, one sold for $750K and then was immediately placed back on the market for the original list price; another sold for $1.4MM and again, was immediately relisted at the old price. I am wondering if these were foreclosures and am also interested in buying a foreclosure myself. Any recommendations for a good site for “bargain” real estate, as opposed to “highest sale” real estate in Brooklyn?
Wow, really! I can’t believe it. A house in Park Slope sold.
Call me when you do a write up about 8 Montague Terrace Selling. Now that’s a story!
Who did it sell to? How are they renovating it? One Family? condo conversion? Maybe you can get them to do a reno blog.
With that tease of a banner, I was expecting the Landmark Pub bldg on 7th/2nd or the boarded up bstone on 3rd below 7th.
Makes the white-floor-house a couple of blocks lower at 2x the price seem even more overpriced.
It only looks like cheerleading because it doesn’t capture the long downward spiral in the prices. I saw it first listed in summer 2009 for $2,699,000 (with Joanne Gay) and then A&H had it had $2.4 something for a long while in late fall 2009 and winter 2010, before it was chopped some more to finally $2,000,000 even. IIRC, there was not a lot of detail left and the fixtures, etc. had rental feel to them.
Also, the photo in the post is a little off — this house is just behind Sette (or whatever that place is called now that is cater corner to what used to be the Carvel’s).