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August 19, 2005

Residential Sales in Brooklyn

BEDFORD-STUYVESANT $550,000
635 Hancock Street
2-family, 118-year-old, 4-story, semi-attached brick house; 2 bedrooms, 1 bath, dining room in each unit; 18-by-100-ft. lot; taxes $1,614; listed at $595,000, 3 weeks on market (broker: Harbor View Realty)

PROSPECT HEIGHTS $425,000
135 Eastern Parkway
(Turner Towers)
2-bedroom, 2-bath, 1,000-sq.-ft. co-op in a postwar building; 24-hr. doormen; dining area; gym in building; maintenance $820, 40% tax deductible; listed at $425,000, 1 week on market (broker: Susan N. Breen)

WILLIAMSBURG $1.3 million
41 Powers Street
2-family, 80-year-old town house; 3 bedrooms, 2½ baths in primary unit, 3 bedrooms, 1½ baths in other; dining room, eat-in kitchen in each; 22-by-100-ft. lot; taxes $1,300; listed at $1.3 million, 10 weeks on market (broker: Halstead Property Co.)

Residential Sales [NY Times]




Posted by Brownstoner at 10:01 AM | Comments (18)
Categories: Properties

Comments

If something has been on the market for a while, like the Williamsburg listing, why would you pay asking? Just wondering.

Posted by: Anonymous at August 19, 2005 11:18 AM

all sorts of reasons. maybe it'd been on the market a while because some contracts fell through. maybe the seller had a non-negotiable number . . . could be anything.

Posted by: jk at August 19, 2005 12:22 PM

why would you pay $1.3 million for a frame house in williamsburg east of the BQE? that's nuts. I have trouble believing that's real.
The listing is still on Halstead, incidently.

Posted by: anonymous at August 19, 2005 12:59 PM

Has anyone seen the Hancock Street house? I'm curious why it sold for well under asking -- doesn't the price seem low compared to other Bed-Stuy houses?

Posted by: kim at August 19, 2005 1:06 PM

1.3 million for that side of the BQE is crazy. Lot is 22' wide, OK, but still sounds like a high water mark with an ebb tide comin' . . .

Posted by: Alan at August 19, 2005 2:31 PM

Does anyone know people who live in Turner Towers across from the Brooklyn Musuem? Do they like the complex?

Posted by: DN at August 19, 2005 2:35 PM

The property is zoned R6. 2.43 x 2200 sqf buildable.
With the price of condos in WB selling at 6-700 psf. It is doable.

Posted by: donaldjr at August 19, 2005 2:44 PM

the w-burg 1.3 is fishing for one really big suckerfish.

Posted by: suzy at August 19, 2005 3:38 PM

not fishing any longer - these figures are from real closings. They reeled in a whopper.

Posted by: Anonymous at August 19, 2005 4:13 PM

I know 2 families in Turner Tower. The wife of one is Tama Janowitz, the writer. Her husband works for the Warhol Foundation. As far as I know, both families have lived there for years (10?) and they are very happy there.

Posted by: Anonymous at August 19, 2005 4:55 PM

To Anon 4:55pm, thank you. Turner Towers looks great from the outside. I've been curious about what it would be like to live there.

Posted by: DN at August 19, 2005 5:08 PM

Turner Towers is nice; good friend is listing a fabulous 3 bedroom BUT how about a 25% flip tax!!?? No lie.

Posted by: bkrindy at August 19, 2005 7:27 PM


Is it just me or does that Turner Tower listing seem inexpensive given the building and neigborhood. A two bedroom in veey nice prewar building for 425K in Prospect Heights seems way low these days. Think there was a 2 bed listed at 599 a few months back that went in a week or so. Anyone have and thoughts or the inside scoop??

Posted by: Anonymous at August 21, 2005 11:23 PM

Yes, seems maybe a misprint. 3 bedrooms in TT go for 1MM or more. No way 425M for a 2 bedroom, even on a low floor.

Posted by: bkrindy at August 22, 2005 10:58 AM

Sigh. I was hoping that there would be other 2 bedroom listings at Turner Towers in that $425K price range. Perhaps that 25% flip tax a prior post mentioned keeps down resale value. Where is everyone getting all this money to buy such expensive real estate?

Posted by: DN at August 23, 2005 4:28 PM

From the inside, I think the 425k, 2BR unit in Turner Towers was the old management offices, on the ground floor. Needed alot of restoration to be living space. I might be wrong, but I doubt it.

TT is a very nice co-op, with over 190 apartments, 2-, 3-, and 4-BRs, some of them up to 3500 sq ft. Many married couples with kids; curators, actors, writers, other cultural players, older Brooklynites. A very nice balance. And an ideal location, imho.

The building is undergoing long-term plumbing improvements and exterior repairs, which will last a couple years. It's a great place to invest, still undervalued, as capital investment continues.

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Posted by: download 1442 at November 3, 2005 10:07 AM

TT is a great place to live. I'm 17 now and i lived there from the ages of 5 to 15. There are great holiday parties thrown in the lobby and the area is beautiful. The apartments are gorgeous with large windows for lots of light. Great floors and bathrooms. The lobby is spectacular and the doormen are veryyy friendly. I recommend it to anyone interested in it.

Posted by: Annie at February 27, 2007 4:24 PM

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