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March 5, 2007

Residential Sales in Brooklyn

298wash030507.jpg
CLINTON HILL $1,600,000
298 Washington Avenue
1870s 4-story, 2-family brownstone; 20-by-100-ft. lot; listed at $1,695,000. Time on market: 1 week. Broker: Corcoran Group.
298 Washington Avenue [Corcoran]
HOTD: Another Washington Avenue Classic [Brownstoner]

FISKE TERRACE $932,000
1904 Glenwood Road
102-year-old wood 2-family; needs work; duplex: 2 bedrooms, 1.5 baths, office, foreplace; other unit: 2 bedrooms, 1 bath; 50-by-100-ft. lot; taxes $4,116; listed at $999,000. Broker: Brooklyn Properties of 7th Avenue.
Residential Sales [NY Times]




Posted by Brownstoner at 10:31 AM | Comments (15)

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Comments

About Jerry Minsky's house, that place has not been on the market for 1 week! Thats a flat lie. I saw that house in early August.

Posted by: Anonymous at March 5, 2007 10:49 AM

that comes as no surprise. sleaze.

Posted by: anon at March 5, 2007 11:13 AM

Those times on the market quotes by brokers always seem inaccurate, unless they are talking when the listing went into contract, which may have been within a week, with a long lag until closing, which is not uncommon.

Posted by: lp at March 5, 2007 11:14 AM

Standard timeframe cited is from last offering price to accepted offer.

Posted by: Anonymous at March 5, 2007 12:01 PM

"About Jerry Minsky's house, that place has not been on the market for 1 week! Thats a flat lie. I saw that house in early August."

Obviously someone who knows nothing about how real estate transactions work. It can take months to close after a house is sold (i.e in contract). So this place could have gone into contract a week after being listed (which was September, not "early August") and then closed in Jan or Feb.

Posted by: william at March 5, 2007 12:08 PM

Good for whoever bought the Wash place. Nice building, great location. Congrats

Posted by: Anonymous at March 5, 2007 12:09 PM

william

how much do you want to bet that is not the case :-)

Posted by: Anonymous at March 5, 2007 1:51 PM

On the market means how long it was listed before someone bought it. Angry angry bloggers, just take a deap breath. :)

Posted by: anon at March 5, 2007 2:31 PM

Congratulations to the couple who purchased this house. It was probably the best listing and value for months. Also, congratuations to Minsky who knew what he was doing in selling it.

Posted by: anon at March 5, 2007 2:38 PM

To reiterate, time on market measures when the contract was signed, not when the deal closed.

Posted by: brownstoner at March 5, 2007 2:40 PM

they use last listing price to contract signed. so if you listed this at 2mm in 1986 and then lowered it to 1.695mm in Nov 2006 and contract signed a week later, it would be "one week on the market" even tho it had been on the market for 20 years

Posted by: Anonymous at March 5, 2007 4:43 PM

I'm pretty sure that one didn't lower its price but rather had a deal fall through and then it went back on the market. 4:43 is exactly right btw. That was how a broker explained it to me.

Posted by: west at March 5, 2007 5:39 PM

thank you west now I understand the way real estate works. NOT~

Posted by: anon at March 5, 2007 8:17 PM

I also saw the house. This was in August and again in September so there is no way it was physically on the market from initial to 'contract signed' for 1 week. William seems too defensive for someone filled with hot air.

Posted by: Anonymous at March 5, 2007 9:40 PM

"Hot air" that pretty much sum up all of this thread.

Posted by: anon at March 6, 2007 8:41 AM

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