Residential Sales in Brooklyn

DITMAS PARK WEST $1,325,000
500 Marlborough Road GMAP
Prewar five-bedroom, three-bath, 23-foot-by-33-foot Victorian on a 4,000-square-foot lot, with living room with fireplace, dining room with copper chandelier, new eat-in kitchen, new bath with steam shower, third-floor kitchenette, stained-glass windows, landscaped garden, gazebo and garage. Taxes $3,736. Asking price $1,350,000, on market one month. Broker: Alexandra Reddish, Mary Kay Gallagher Real Estate. (Former House of the Day.)

WINDSOR TERRACE $327,000
47 Reeve Place GMAP
Prewar one-bedroom, one-bath co-op, 500 square feet, with windowed open galley kitchen, high ceilings, hardwood floors, walk-in closet, windowed bath and brick patio; walk-up building is pet-friendly and features common garden, laundry and storage. Maintenance $552.06, 50 percent tax-deductible. Asking price $329,000, on market three weeks. Broker: Robert T. Frye, Brooklyn Heights Real Estate.

CARROLL GARDENS $785,000
127 Fourth Place GMAP
1-bedroom, 1 ½-bath, 1,251-sq.-ft. duplex condo in a newly-constructed building; dining area, kitchen w/granite counters and stainless steel appliances, hardwood floors, washer/dryer, north exposure; common charge $309; taxes $96 (abated); listed at $795,000, 27 weeks on market. Broker: Corcoran Group Brooklyn.

WILLIAMSBURG $865,000
170 North 11th Street (Lucent) GMAP
2-bedroom, 2-bath, 1,185-sq.-ft. condo in a postwar building; elevator, dining area, high ceilings, hardwood floors, washer/dryer, 2 patios, 2 exposures, Manhattan skyline view; common roof deck in building; common charge $268; taxes $7,216; listed at $865,000, 1 week on market. Broker: The Developers Group.

First two items from the New York Post's Just Sold!; third and fourth from the Times' Residential Sales.

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Comments

So the DP house sold for what, about $25k under ask... And almost eveyone said it was overpriced by hundreds of thousands.

Guess not.

Posted by: guest at February 15, 2008 12:49 PM

Ditto 12:49. And it went into contract after only one month.

Posted by: guest at February 15, 2008 1:07 PM

The DPW house has been on recent Victorian Flatbush house tour.

It is lovely and what I could see on tour in great condition. No surprise it went fast.

Posted by: guest at February 15, 2008 1:14 PM

Go back and look at the comments. They were really vicious.

Posted by: guest at February 15, 2008 2:05 PM

Wowza, yeah. And here I'd been idly wondering if the "bursting bubble" and "softening market" would erode the alleged Million Dollar Value of our scuzzy half-renovated heap on Marlboro 5 blocks away. I guess I will have to wait for another day to stew in angst over paper losses. Meanwhile I will stew in angst that no young family now could have the opportunity we had, 21 years ago, to buy a scuzzy Brooklyn heap like ours for a pittance and spend the next 2 decades slaving for its redemption (the long and lachrymmose story on my blog, 'Crazy Stable'). I'm supposed to be doing the dance of joy, or, with my Spouse, the Schadenfreude tango. But instead I feel like those bastards in the half-filled lifeboats who anxiously rowed away from the Titanic while the rest of them sank in the night. I'd be happy to note that a "comparable" to our house was worth half this, if it meant going back to a New York where cops and firemen and schoolteachers could reasonably live and raise families in the city they served. (Oooh, then our house would have merely quintupled in value; quel tristesse!)
Guilt-edged and greed-impaired, I remain...

Posted by: Brenda from Flatbush at February 15, 2008 2:07 PM

"Go back and look at the comments. They were really vicious."

Sure, but isn't that an element of EVERY post's comments on this site?

Posted by: guest at February 15, 2008 2:13 PM

I have a solution for the guilt-edged, greed-impaired poster. Let's have an essay contest on Brownstoner to see who best articulates why they are deserving of the Crazy Stable. Brenda from Flatbush you could then sell it for what you purchased it for, to the winner. But really, why should you feel guilty? You made the decision to stay in the neighborhood when others chose to flee. When and if you do sell, you deserve to reap the benefits. I am certain that you will use the capital gains toward helping others.

Posted by: guest at February 15, 2008 2:29 PM

The bubble hasn't hit NY so much yet and may never hit Ditmas as hard as some other areas, as it has long been vastly undervalued for the housing it provides so close to the city. I live in the Ditmas area. I could now afford to move but would have to be dragged out kicking and screaming. I love the people in the neighborhood, my two block walk to Prospect Park and my fairly easy commute via public transportation to my downtown office. I also love raising my children in a house - a real house - with stairs and bedrooms and light and real neighborhood friends and a backyard BBQ going on 6 months of the year, while also taking a 25 minute subway ride to the Soho Children's museum on a whim with them whenever I want. I know the neighborhood doesn't have 15 restaurants yet, but what it does have makes it laughable that people would question paying $1.3 mil (the price of a fairly small 2 bedroom in the lower east side) for a large house in good condition an additional 20 minute subway ride away. I also like that we do still have police men, small business owners, artists, musicians, teachers, firemen and cabbies of every race and religion in the neighborhood. They might not be able to afford the 6 bedroom houses anymore, but they can still afford the apartments on Ocean and many already own their houses and have no intention of selling.

Posted by: guest at February 15, 2008 3:07 PM

A "prewar victorian"? Huh?

What war? The one the What is talking about, WWI, Spanish American, or maybe the Civil War perhaps.

Posted by: kuroko at February 15, 2008 3:29 PM

Brenda from Flatbush,

Young families can still buy scuzzy heaps in Brooklyn or other areas in NYC. Just not Victorian Flatbush. When you purchased your home, I am sure that you had friends who thought that you were nuts to buy in this neighborhood but you took a risk. I veered off of the Major Deegan on a recent trip from the Bronx and came across an area that had about five or six blocks of Brownstones. I saw an area in Queens not far from Jamaica Avenue and Woodhaven Blvd with large free-standing Victorian frame homes. Most of the homes in these areas appeared to be in need of work but with sweat equity they too can do what you did.

Posted by: guest at February 15, 2008 3:33 PM

Back in the 1970s or so, banks redlined anything north of Avenue H. Regardless of what the housing stock looked like, it was considered a bad area and a bad risk. So you could find a house for cheap, but getting financing might be trouble.

Posted by: Flatbushwhacker at February 15, 2008 4:11 PM

I noticed that too 3:29. I think the broker is talking about "World War What."

Posted by: guest at February 15, 2008 4:37 PM

Where did the red lining end? Park Slope? Or the Heights?

Posted by: guest at February 15, 2008 6:40 PM

Even the Heights and Park Slope were redlined when my parents were looking in the 1960s.

Posted by: guest at February 16, 2008 9:58 AM