Last Week's Biggest Sales

1. BROOKLYN HEIGHTS $2,400,000
118 State Street, Unit 1 GMAP (left)
2,394-sf, 3.5-bed, 3-bath unit in a conversion called "The Carriage House." According to StreetEasy, it hit the market in June '07 at $3,122,000 and after a few price chops went into contract last month. From its listing: "This is probably the largest garden duplex in the Heights with near 2400 interior sf & 1000 sf of garden & deck! The Carriage House on State presents a rare opportunity to own a home in Brooklyn's most desirable community. On a beautiful tree-lined street in Brooklyn Heights, the four-unit boutique condominium is a complete renovation of a 150-year-old carriage house." The condo's high prices were the subject of a Forum post a year ago. Deed recorded 11/5.

2. BROOKLYN HEIGHTS $1,550,000
One Brooklyn Bridge Park, Unit 733 GMAP (right)
Maybe what Curbed is calling the "blood in the water marketing strategy" at One BBP is already working? Deed recorded 11/6.

3. PARK SLOPE $1,455,000
378 9th Street GMAP
Interesting: Per StreetEasy, this 3,200-sf, 2-fam townhouse originally listed for $1,495,000 and was then re-listed for $1,525,000. (?) Anyhow, it went into contract very quickly. Corcoran's ad for the property says it's currently configured with an owner's triplex and garden apartment rental. Deed recorded 11/6.

4. COBBLE HILL $1,275,000
489 Hicks Street GMAP
5-bed, 4-bath, 2,700-sf house listed for $1,250,000 in July, and price was increased to $1,275,000 in August. Listing had this to say: "Classic brick double duplex for the price of a condo in the Arches! Owner's duplex (triplex, really) features lovely open floorplan on the main level. The living room with decorative fireplace, hardwood floors, and high ceilings flows into the renovated chef's kitchen, with french doors leading to a new deck and private garden." Deed recorded 11/6.

5. GREENWOOD HEIGHTS $1,109,000
315 23rd Street GMAP
1,968-sf house that last sold for $605,125 in 2004, according to Property Shark. Deed recorded 11/7.

Photos from Property Shark.

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Comments

Wow. Nice price for 118 State. Developer must be happy.

Posted by: lowintheheights at November 11, 2008 12:05 PM

Yep, given that 188 State was chopped by over $700k, I'm sure the developer is dancing in the streets.

Posted by: SnarkSlope at November 11, 2008 12:21 PM

park slope place sounded from the ad like it needed a reno but it looked pretty liveable from the photos. i don't imagine the realtors were lying about it needing work, but if it wasn't much then that was a pretty good deal for the buyer. i'm loving the description of the garden as "sauvage." i think i will steal that word to explain our elegant jungle of a backyard!

and, $2.4 for just the duplex of that BH carriage house? i'm sure the developer made out just fine. $3.1 was market-testing and/or insanity.

Posted by: i disagree at November 11, 2008 12:26 PM

I also wondered why Corcoran increased the price of that Park Slope house, since I think they increased it after the financial meltdown began - perhaps to allow for bigger discount off of ask? In any event, I suspect it was a buyer with a lot of cash, for the closing to happen that quickly. Not sure how many more of those kinds of buyers will be floating around in this climate.

Posted by: Miss Muffett at November 11, 2008 1:04 PM

Deets on One Brooklyn Bridge Park?

Posted by: DOW8000SP800 at November 11, 2008 2:08 PM

PARK SLOPE 378 9th Street @ $1,455,000 seems like a great price for 4 floors plus cellar. What am I missing? Narrow? Needs lots of work (pics looked ok)? $455/sf!

Also, Dear Miss Muffett: I know you're a prospective buyer and love to trash talk nearly every listing (this one too expensive, this one the broker is crazy, this one ... uh ... well ... nothing wrong with this one but "not sure how many more of those kinds of buyers will be floating around in this climate."). If deals are getting done at $455/sf, not including cellar (like this one), it's almost time to get off your tuffet, no?

Posted by: Mr Joist at November 11, 2008 2:14 PM

here's what your missing. the house needed a lot of work. the kitchen was on the third floor. it's a busy street and (for me at least) the clincher was that the bus stop is directly in front of the house.

Posted by: manofelt at November 11, 2008 2:18 PM

oh, and there is a bar/lounge directly next door.

Posted by: manofelt at November 11, 2008 2:20 PM

manofelt - is that top floor even full height? it looks like it might be low-ceilinged.

Posted by: i disagree at November 11, 2008 2:26 PM

i think it had a slope to it, i don't remember. for a kid's floor--it was fine. the interior proportions to the house were not bad--even though it was impossibly cluttered when i saw it. it's 20'er.

on a quiet street it would have been a steal. in this location, i just wasn't going to bid.

Posted by: manofelt at November 11, 2008 3:15 PM

I am curious as to why the prices for 23rd St and Hicks st are so high. 23rd St is kitty corner from the power station and down the road from a large new construction. Hicks St, apart from needing a lot of work, is on Hicks - with views over the expressway, making it impossible to ever open your windows. These prices, apart from 9th St, maybe, seem high.

Posted by: thegoodtribe at November 11, 2008 5:55 PM

Mr. Joist, I'm very comfortable on my tuffett for now, thank you very much. The market is certainly not going up anytime soon. Mark my words - the price cuts are just beginning.

Posted by: Miss Muffett at November 11, 2008 7:13 PM

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November 11, 2008

Last Week's Biggest Sales

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