Last Week's Biggest Sales

I can't believe they got that price for Kane St.

I saw it, loved it, but I didn't think the size justified the close to $2m price tag. (need a new kitchen and bathroom) Perhaps it was the fact it was in school zone.

Posted by: guest at May 20, 2008 11:59 AM

Can you update the Kane St link?

Posted by: guest at May 20, 2008 12:02 PM

"3. PROSPECT HEIGHTS $2,000,000
609 Carlton Avenue GMAP
3,464-sf 3-fam brownstone. Listing history, anyone?"

Wasn't this a brooklyn properties listing? I think I remember discussions about it in 2 forum threads too. Long time ago someone (brooklynrosie maybe) said they'd offered 1.9 and been rejected. Everyone congratulated her on escaping overpaying for this place since it had lost most of it's old detail, was so close to AY, and was on a normal lot in a neighborhood were oversized lots are readily available. More recently someone was saying how friends of theirs bought this place for $2M. Crazy.

Posted by: guest at May 20, 2008 12:09 PM

Looks Like prices are not going down and In Brownstone Brooklyn they will slightly Increase. This Is not Florida. Henry Street Is one of the Most Beautiful Blocks in Brooklyn that is why The get Asking Prices.

Posted by: guest at May 20, 2008 12:19 PM

Hey, wait a second! The anti-AY crazies have assured me that properties near the footprint are worthless and can never, ever sell at premium prices. But here we have a $2M sale located a few short blocks away...

As always, the hysterical DDDB crowd gets it wrong. What else is new?

And, no, I don't work for Ratner.

Posted by: guest at May 20, 2008 12:23 PM

"Aside from projecting market direction based on a sample of , well, one, the impact of 6400 new apartments (demand and . . .what. . . anyone . . . anyone) around the corner and a few million tons of construction materials being trucked through the streets might exert a little downward pressure, no?"

The only pressure apparent is upwards, judging from comments by 12:09.

As always, you guys rely on trying to instill fear in others. You may view construction and an influx of new residents as detrimental, but many others will view it as signs of exciting and imminent change. And, yes, the Nets will help to increase the appeal of the area. There are more sports fans out there than you realize.

Posted by: guest at May 20, 2008 12:38 PM

Re: Kane Street

Please go back and look at the comments on Kane Street about the price being NUTS and if they get that price they should "work for Trump"

Proves that NO ONE HERE HAS ANY CLUE WHAT THEY ARE TALKING ABOUT!!

Also seems to indicate the overall health of the brownstone market. We are in the worst of it...possibly even coming out of the worst of it...and properties are STILL exhanging hands for 2 million dollars, believe it or not.

Posted by: guest at May 20, 2008 12:43 PM

Every house of the day seems to have at least one or two people who say how wildly overpriced the thing is, and at least one or two who say how much they love it and wished they could afford it.

I'd say conditions are going to get worse at the margin--not making a huge call that prices are going to fall apart or whatever but job cuts in financial services are pretty broad and going on really right about now. I imagine that'll have an impact on sales activity etc. more in the next couple of weeks.

Posted by: guest at May 20, 2008 1:34 PM

People on here are clueless about Investments that is the funny thing. Everyone says everything is overpriced well then what Investments do they like? Vegas Real Estate? LOL Or how about Enron Stock? The posters are Clowns and the What is the biggest

Posted by: guest at May 20, 2008 1:38 PM

"We are in the worst of it...possibly even coming out of the worst of it..."

We have not even begun to approach the worst of it, Pollyanna.

Posted by: guest at May 20, 2008 1:45 PM

Article I read today say this recession (if it happens) in terms of job losses will not even be as severe as the one in 2001.

And we all know what happened right after that.

Prices shot through the rough.

So while things may be calm now, I expect by this time next year, prices will be shooting up again and most people on here complaining about overpriced this and that will be left in the dust.

Again.

Posted by: guest at May 20, 2008 1:54 PM

Wall Street is already expected to shed more jobs in 2008 than it did in the last two downturns combined.

Posted by: guest at May 20, 2008 2:01 PM

roof

Posted by: guest at May 20, 2008 2:02 PM

2:01: You are wrong.

NYTIMES, MAY 20, 2008

NEW YORK (Reuters) - An imminent recession could cost New York City 59,400 jobs between now and the middle of next year, with the profit-stricken financial sector the "epicenter" of the downturn, a new report said on Tuesday.

This would amount to one quarter of the hiring by private employers after the 2001 recession, according to the Independent Budget Office, a fiscal monitor that serves as the city's equivalent of the Congressional Budget Office.

But the previous downturn, which accelerated after the September 11, 2001 attacks, will still turn out to have been more severe, as employers cut about 43 percent of jobs added in the expansion that lasted from 1993 to 2000, the report said.

Posted by: guest at May 20, 2008 2:07 PM

Things don't seem to be getting any worse now tho, seems to be stuck in some limbo.

Posted by: guest at May 20, 2008 2:13 PM

2:07, you are right that 2:01 is wrong, but losing 59,400 jobs this year concentrated in the financial sector is not good news for the city in general.

Let's hope it's not that bad.

Posted by: guest at May 20, 2008 2:13 PM

Every listing is unique and attract different buyers. Brownstone buyers are obviously very different people than appartment buyers, for many reasons, whether it is financial or choice or style. True brownstones on beautiful blocks are rare in Brooklyn and that's why they catch high prices. Please don't compare it with new developments !!!
The Henry Browstone is 22*45*4 stories=3,960sqft. So $2.5mln is $631.31sqft. It's still cheap for brownstone quality.

Posted by: guest at May 20, 2008 2:38 PM

I would like to sell my house to Tiger Woods.

Posted by: guest at May 20, 2008 3:07 PM

Where is the What to make a stupid comment? Therapy must be taking a long time today

Posted by: guest at May 20, 2008 3:58 PM

609 Carlton.
Warren Lewis Realty was the listing and selling broker.

Posted by: guest at May 20, 2008 4:19 PM

Want to bet there would have been a lot more posts if the transactions prices had been significantly below the listing prices?

Posted by: guest at May 21, 2008 12:06 AM

You may ask yourself
What is that beautiful house?
You may ask yourself
Where does that highway GO to?
You may ask yourself
Am I right?...Am I wrong?
You may say to yourself
MY GOD!...WHAT HAVE I DONE?

The What

Someday this war is gonna end....

Posted by: guest at May 21, 2008 2:26 AM