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May 11, 2007

Residential Sales in Brooklyn

WINDSOR TERRACE $800,000
54316thst99.jpg543 16th Street (Park West) GMAP
2-bedroom. 2-bath, 1,211-square-foot condo in a newly constructed building; dining area, eat-in kitchen with granite countertops and stainless steel appliances, marble baths, Brazilian cherry wood floors, balcony, whirlpool, home office, 2 exposures; common charge $259; taxes $1,331 (abated); listed at $799,000 (multiple bids), 13 weeks on market. Broker: Brooklyn Properties of 7th Avenue.

DITMAS PARK AREA $300,000
551RugbyRd.jpg551 Rugby Road GMAP
2-bedroom, 1-bath, 948-square-foot condo in an 87-year-old house; renovated eat-in kitchen and bath, living room, home office, high ceilings, original moldings and detail; common charges and taxes $350 per month; listed at $300,000, 16 weeks on market. Broker: Mary Kay Gallagher.

From the print edition of yesterday's New York Times




Posted by Brownstoner at 11:29 AM | Comments (12)
Categories: Sales

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Comments

For the record, I looked at this apt. this time LAST YEAR. More like 13 mos. on the market.

Multiple bids and it came in at $1.00 over ask? Cute.

Posted by: jdhs 91 at May 11, 2007 12:06 PM

$1000 over ask, but the point stands.

Posted by: EJ at May 11, 2007 12:14 PM

How can you be sure it is the same apartment? And that is $1000, not a buck....

Posted by: ? at May 11, 2007 12:15 PM

Obviuosly, the other bids were under asking.

If it spent a year on the market, I'd say that was time worth waiting if they got their asking.

Posted by: Anonymous at May 11, 2007 12:15 PM

Waiting an entire year to get your asking can sometimes be an exercise in foolhardiness, no..?

Posted by: ? at May 11, 2007 12:18 PM

Oops, typed too quickly without enough coffee in the system, $1K it is.

It's the same apt., I bought two blocks away and the broker kept us very up to date regarding the doings of said apt. The original ask in April/May '06 was 975K.

Posted by: jdhs 91 at May 11, 2007 12:40 PM

These have definitely been slow moving, and I wonder if the $800,000 represents a price cut from initital offering--pretty odd to suddenly have "multiple bids" on something that wasn't going anywhere for so long.

Posted by: Anonymous at May 11, 2007 12:42 PM

How did the apartment look?

Posted by: Rocknrope at May 11, 2007 1:06 PM

Not bad at all really, far better than a lot of pure crap we saw in "prime park slope" for way more $$$. Decent finishes, pretty bathrooms and 16th Street is lovely from 8th all the way down to the park. This bldg. fit in decently with the existing homes on the block. 975K for a two bedroom just wasn't what we wanted to spend. Turned out fine for us though.

Posted by: jdhs 91 at May 11, 2007 1:41 PM

$300K for a house on Rugby? Wow. I see that it's small, but what a fab. price.

Posted by: Anonymous at May 12, 2007 8:04 PM

Oops, didn't see that it was a condo inside the house!! My mistake.

Posted by: Anonymous at May 12, 2007 8:05 PM

Folks did anyone read the write up, it's says to rent till conversion is complete..

"Can rent for $1,400/month until conversion in July 2006"

I am guessing it took a lot longer for the conversion to be done, I have no idea what the conversion process is but if you have to deal with NYC Building Department I am sure a long time...

Posted by: Anonymous at May 13, 2007 9:56 AM

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