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June 12, 2007

Residential Sales in Brooklyn

1693_11thave.jpgWINDSOR TERRACE $960,000
1693 11th Avenue GMAP
3-story, 2-family brick townhouse; primary duplex: 3 bedrooms, 1.5 baths, dining room, c/a, deck, garden; simplex: 2 bedrooms, 1 bath; 1-car garage, 22-by-103-foot lot; taxes $4,080; listed at $975,000. Broker: Warren Lewis. Photo by Kate Leonova for Property Shark.

BROOKLYN HEIGHTS $4,100,000
118remsenst0607.jpg118 Remsent Street GMAP
4-story, 5-unit brownstone; primary triplex: 5 bedrooms, 4 baths, dining room; simplexes: 1 with 2 bedrooms, 3 with 1 bedroom, 1 bath each; 25-by-95-foot lot; taxes $34,683; listed at $4,200,000. Broker: Brooklyn Heights Real Estate. Photo by Scott Bintner for Property Shark.
Residential Sales [NY Times]




Posted by Brownstoner at 11:57 AM | Comments (14)
Categories: Sales

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Comments

I saw that WT house, or perhaps one identical on the same strip. It's um...not to my taste.

Posted by: Matt at June 12, 2007 3:13 PM

960 for that in WT??
wonder what one of the nicer limestones in that area go for..or those gorgeous ones with the front porches

Posted by: 960 at June 12, 2007 3:17 PM

Limestones that need a full reno seem to be going around 1.2 mil. The ones with the porches are a little less I think, maybe 1.0 (also needing full reno).

Posted by: Anonymous at June 12, 2007 3:28 PM

$960 for the 'little bit'o'Queens in WT'!! I pass that row every day and always marvel at its architectural...character. I'm particularly fond of the handling of the second-floor fenestration. It sort of looks like a house whose top story burned off, causing it to be temporarily...capped or something. Sigh.

Posted by: Brenda from Flatbush at June 12, 2007 3:55 PM

The taxes for the BH townhouse are that breathtaking.

Posted by: crouchback at June 12, 2007 4:28 PM

The taxes for that BH townhouse are breathtaking (or maybe its a typo).

Posted by: crouchback at June 12, 2007 4:29 PM

"The taxes for that BH townhouse are breathtaking (or maybe its a typo)."

Hope not. Someone buying a 4 million dollar house should be asked to contribute taxes like that.

Posted by: Anonymous at June 12, 2007 4:31 PM

That’s one of the Pilgrim Laundry houses, 17 houses developed in 1983 by the New York City Housing Partnership and sold through a lottery to moderate/middle income families (making around $40K/year). The buyer needed an income of at least $32K to qualify for the maximum 90% mortgage. The purchase price was, I think, $110K to $120K. The New York Times described the houses, designed by Saltini Ferrara Associates of Brooklyn, as “appropriate to the buying preferences” of the neighborhood.

Posted by: South Slope at June 12, 2007 5:24 PM

That’s one of the Pilgrim Laundry houses, 17 houses developed in 1983 by the New York City Housing Partnership and sold through a lottery to moderate/middle income families (making around $40K/year). The buyer needed an income of at least $32K to qualify for the maximum 90% mortgage. The purchase price was, I think, $110K to $120K. The New York Times described the houses, designed by Saltini Ferrara Associates of Brooklyn, as “appropriate to the buying preferences” of the neighborhood.

Posted by: South Slope at June 12, 2007 5:26 PM

Wow, that's right South Slope. 1983...if I recall correctly, people were pleased with the project. Many of today's residents have no idea how insecure things were back then.

Posted by: Anonymous at June 12, 2007 7:03 PM

The Brooklyn Heights taxes are correct. A friend is always complaining about his taxes (close to this) on his building nearby - they ARE outrageous.

Posted by: donatella at June 13, 2007 4:15 AM

Anon 7:03pm... Yes, folks in the area were very pleased with the new housing, and you aren't kidding about how insecure things were back then... double digit interest rates, lots of families struggling in Park Slope, high crime rates, and South Slope was
affectionately called "Park Slump", but what great folks back then and now.
So much has changed for the better, and I for one welcome the new energy in our
collective Brooklyn neighborhoods.

Back in '83 the arrival of the Pilgrim Laundry Houses in WT made most residents/home owners of the area very hopeful that good change was in the air... " a little bit o' Queens in WT"
was a huge improvement for the area in those economic times.

Posted by: bren at June 13, 2007 10:40 AM

I might add, for alot of folks back in 1983, earning between $32,000 and $40,000 was the "big time".... meant there were two incomes! :)

Posted by: bren at June 13, 2007 10:49 AM

and 40K would be 1/3 of the price of the home as it was around 120K, no?

think about it now. what is the average of most readers of this board....maybe 100K a year or so?
i'd say very few of us that are homeowners live in a 300K place....no? i just did the math and my new place was about 3 times my anual income, but i think i'm probably in the minority on that one as i bought a studio.

just interesting, i thought.

Posted by: anon at June 13, 2007 11:05 PM

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