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October 7, 2008

Last Week's Biggest Sales: Dominant Dumbo

top-sales-10-.jpg
The Dumbo sale is a record-breaker and the most expensive residential property to change hands in Brooklyn so far this year.

1. DUMBO $7,000,000
One Main Street, Unit 14 GMAP (left)
Wow. The most expensive condo sale ever in Brooklyn was lodged in city records last week. According to a Real Deal article on the 3,100-square-foot property, its new owners, who work in finance, are planning a gut reno. Deed recorded 10/1.

2. PROSPECT HEIGHTS $2,250,000
166 Prospect Place GMAP (right)
This baby was asking $2,475,000 when it was a House of the Day back in February; StreetEasy shows it going into contract in May. It's a four-story, 3,340-sf two-family. Deed recorded 10/2.

3. BROOKLYN HEIGHTS $2,012,750
One Brooklyn Bridge Park, Unit 729 GMAP
Several One Brooklyn Bridge Park closings showed up in public records last week, and this was the priciest. Deed recorded 9/30.

4. PARK SLOPE $1,950,000
466 13th Street GMAP
This three-story brownstone started out listed at $2,300,000 in late February but had been reduced to $2,050,000 by the time it was an Open House Pick in April. Deed recorded 9/29.

5. BROOKLYN HEIGHTS $2,012,750
One Brooklyn Bridge Park, Unit 833 GMAP
Sale included a storage unit. Deed recorded 10/3.

Photo of One Main by Planetgordon; 166 Prospect from Property Shark.




Posted by Gabby at 11:43 AM | Comments (18)
Categories: Sales

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Comments

Holy huge prices, Batman.

Obviously these are pre-crisis sales, but still...sheesh.

Even that 13th street house for 1.95 million seems hefty.

Posted by: 11217 at October 7, 2008 11:48 AM

I really love DUMBO but in my experience, people buy there who don't know Brooklyn at all and soon find out that it is unbelievably inconvenient and somewhat claustrophobic to live there - especially with children - and move on.

Posted by: gkw at October 7, 2008 11:49 AM

There are a lot nicer, more convenient and beautiful places to live in Brooklyn for $7MM or less than that place in DUMBO. If they can walk to work that's fine.

Posted by: daveinbedstuy at October 7, 2008 11:54 AM

As a totally biased person who is moving to DUMBO in a week.....
I respectfully disagree. I think it is a great area with a really unique vibe. In my opinion what is there (restaurants, shops, etc.) is great and unlike some of the more established areas in BK, DUMBO is impacted more by a new store opening which allows for growth in the area. The views of Manhattan are great, the Subway access is reasonable (F,A&C and not too bad of a walk to get to Court Sq.)

Everything is in the eye of the beholder. I think brownstone Brooklyn is beautiful as well, but there are many people who think that the SOHO like aesthetic/vibe of DUMBO is very desirable.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 7, 2008 12:17 PM

The constant overhead rattle of the trains on the bridge is enough to strike DUMBO from my own list of desirable neighborhoods.

Posted by: SnarkSlope at October 7, 2008 12:33 PM

I love Dumbo. You all know how much I love Park Slope, but I confess that if I had a couple million, I'd definitely consider a move there. It's tied for my favorite neighborhood in NYC....

Posted by: 11217 at October 7, 2008 12:36 PM

"The constant overhead rattle of the trains on the bridge is enough to strike DUMBO from my own list of desirable neighborhoods."


Sometimes I think I'd rather hear the trains than the sound of a supersized stroller's wheels getting caught in a pair of crocs...

;-)

Posted by: 11217 at October 7, 2008 12:38 PM

11217 -Is your other favorite neighborhood also in the running for worst air quality in NYC due to car pollution?

Posted by: dittoburg at October 7, 2008 12:39 PM

I'm glad we don't all get caught up in "neighborhood superiority syndrome" anymore.

Posted by: daveinbedstuy at October 7, 2008 12:48 PM

Nice prices, indeed. Definitely a positive indicator, even with the lag.

Posted by: FatLenny at October 7, 2008 12:59 PM

The people I know who have moved to DUMBO are not really looking for a neighborhood like the Slope or the Heights. Their kids go to school in Manhattan they usually drive to work, so the proximity to the highways are a plus. And the lofts are very nice. Beautiful even. They are also significantly less expensive than comparable lofts in Manhattan.


Posted by: sam at October 7, 2008 1:08 PM

trail of renters - as I said I really love DUMBO, prefer it a gazillion times to Park Slope and really it's my favorite neighb in bkln. But the problem is that it's cut off from the rest of the borough - kind of an island unto itself - and that can become claustrophobic - although really only if you have children so that subways become incredibly inconvenient. The fact is that every bkln neighb is kind of an island unto itself - hence the neighborhood superiority syndrome that plagues this site (actually I love the neighb superiority fights on this site) - but dumbo is extreme in this regard.

Posted by: gkw at October 7, 2008 1:15 PM

These are indeed high prices but PS & PH places had decent reductions even pre-Wall st turmoil. Should have waited?? Not sure but that is some serious cash for Dumbo place. Having said that we biked there the other day and it was love @ first sight. Trop belle...ooh lala si j'avais de $$$$$$$$$$$$
We agree about the SOHO vibe but on a more authentic level with great shots and the BB park is simply fabulous.

gkw believe it or not the overhead trains and noise makes Dumbo more appealing to lots of folks. For us #1 neighborhood is FG then Dumbo :)

Posted by: pierre de taille at October 7, 2008 1:39 PM

PdT - I didn't say anything about the train noise - have no problem with that at all - it's just the way you're cut off from everything that wears on people who live there.

Posted by: gkw at October 7, 2008 1:53 PM

gkw - we agree that transportation options may be sub-optimal and Dumbo does seem more enclosed off from the other neighborhoods. But what do you think about that BB park and the space it provides for kiddies? We think it is awesome but NOT for 7 large ones though..haha

Posted by: pierre de taille at October 7, 2008 2:03 PM

DUMBO: $7,000,000. Now that's "dumb-o." And Stoner says "its new owners, who work in finance, are planning a gut reno." Maybe we should amend that to "WERE planning a gut reno."

And while I'm talking about finance, what does everyone think about Fuld getting socked in the kisser at the Lehman Brothers gym? (that and the post-punch, post hearing comment from some other wag.)

Posted by: Minmin at October 7, 2008 3:27 PM

Minmin,

To suggest that every person who works in Finance has or will lose their job is ignorant at best.

Really not helpful nor based in fact.

Posted by: 11217 at October 7, 2008 3:31 PM

"I think it is a great area with a really unique vibe"

yes, "unique" indeed. it comes from the B/Q/N trains.

Posted by: jingle mail at October 8, 2008 12:42 PM

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