Recent Sales in Brooklyn

CLINTON HILL $357,000
277 Washington Ave.
Prewar one-bedroom, one-bath co-op, 700 square feet, with E/W exposures and street views; Francine Towers building is pet-friendly and features laundry and storage. Maintenance $549.57, 41 percent tax-deductible. Asking price $369,000, on market 54 days. (Broker: Elizabeth Stile, Halstead Property and Barbara Rogers, Citi Habitats)

BROOKLYN HEIGHTS $435,000
96 Schermerhorn St.
Prewar one-bedroom, one-bath corner co-op, 725 square feet, with 10 windows, 12-foot ceilings, maple floors, walk-in closet, dishwasher, through-the-wall A/C and N/E exposures; Tower in the Heights building is pet-friendly and features full-time doorman, elevator, laundry, private storage lockers and bike room. Maintenance $1,032, 52 percent tax-deductible. Asking price $429,000, on market 44 days. (Broker: Michael Rohrer, the Corcoran Group)

DUMBO $385,000
100 Jay St.
Studio condo, 585 square feet, with hardwood floors and granite kitchens with high-end appliances; J Condos building features 24-hour doorman, elevator, garage, storage and laundry. Asking price $385,000, on market one day. (Broker: Ida Rae, Nest Seekers)

PARK SLOPE $785,000
281A 19th Street
2-family, 2-story prewar woodframe house; 1 bedroom, 1 bath, h/w floors in each unit; English basement, 18-by-100-ft. lot; taxes $1,502; listed at $779,000 (multiple bids). (Broker: Betancourt & Associates)

CARROLL GARDENS
81A Third Place
Legal 2-family, 2-story brownstone being used as a 1-family; original moldings and detail; 2nd kitchen on top floor, 17-by-100-ft. lot; taxes $2,138; listed at $1,265,500. (Broker: Corcoran)

Just Sold! [NY Post - Items 1 to 3]
Residential Sales [NY Times - Items 4 and 5]

Comments

3rd week in a row with multiple sales at or above the asking price.

Looks like the market's picking up again.

Posted by: Ben at November 7, 2005 2:54 PM

Anybody know anything about the J Condos? How are the finshes, etc.? I'm told you can put down your 10% now and then flip your contract before even closing. Sounds pretty shady to me -- any thoughts? My boss is convinced this is the best deal on earth but I'm not sure...

Posted by: babs at November 7, 2005 3:46 PM

The above asking listings have nothing to do with the market picking up now - those properties were likely sold 2 mos. ago. You'll have to wait another few months to see what's going on now.

Besides, Brooklyn is still "affordable" compared to Manhattan - it hasn't slowed in the same way and will follow behind Manhattan if it does.

Posted by: Anonymous at November 7, 2005 4:32 PM

PS, only one property had multiple bids. That makes me feel bad for the person who paid above ask yet had the only bid -- they bid above asking because they thought they had to in order to get the place.

Posted by: Anonymous at November 7, 2005 4:33 PM

anyone who outbids 799k for a two-bedroom house which is probably under the bqe doesn't deserve a high-five. that does not make brooklyn appear more affordable than manhattan!

what it does do is prove that the sucker quotient in brooklyn is just as prevalent as it is in manhattan.

congratulations to the buyer - we have now passed the "ridiculous" stage and are segueing into the "absurd."

good luck when the mortgage tax deduction is removed.

just say no, toqueville

Posted by: toqueville at November 7, 2005 8:40 PM

HOw is the JBuilding on here? These won't close until 2007?!

Posted by: Anonymous at November 8, 2005 7:38 AM

Also, the way the "asking price" and "time on market" is calculated isn't rigorous. I'm pretty sure I remember which propeery 81A 3rd Pl. was, and it started at $1.6M and was on the market for several months.

Posted by: Tim at November 8, 2005 9:24 AM

Tim, true, but we have to assume that those stats are always less than rigorous. So these numbers are still useful to track trends over time -- i.e., in comparison with earlier months when the asking price and time on market were probably also monkeyed with.

Posted by: linusvanpelt at November 8, 2005 9:57 AM

BTW, the BH coop had multiple bids too -- including a higher one. That price is very good for that apt. We are seeing large 1 bedroom coops still getting a premium -- comapred with 2 bedrooms in a lot of the new buildings that are only 100 sq ft larger!

Posted by: Anonymous at November 8, 2005 10:11 AM

I guess the J Condos are there because Nest Seekers submitted the sale to the Post, which somehow found it worthy of including. Good publicity for Nest Seekers, but, yeah, theoretically this can't be a closed sale -- they aren't even finished yet!

Posted by: babs at November 8, 2005 11:04 AM

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Posted by: clomid at June 29, 2006 10:55 PM

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November 7, 2005

Recent Sales in Brooklyn

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