Another Record Sale in Gravesend?

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We’re not yet halfway into the year, but the sale of a Gravesend house that was just recorded in public records could very well end up being Brooklyn’s priciest residential transaction of 2011. The single-family at 451 Avenue S, which PropertyShark reckons weighs in at 2,914 square feet, sold for $10,250,000. Simply on a price-per-square-foot basis this has got to be one of the biggest sales ever in Brooklyn history, though for total dollars it trails other Gravesend sales like 450 Avenue S, which sold for $11,000,000 in 2003, and 2111 East 2nd Street, which sold for $10,260,000 in 2009. And, of course, there are some Brooklyn Heights properties in the borough’s $10 million+ club, like 88 Remsen Street, which sold for $10,800,000 in 2008. Even still, Gravesend remains a world of its own when it comes to prop values. GMAP
Photo from PropertyShark.

By Gabby |