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March 10, 2009

Last Week's Biggest Sales

1. PROSPECT HEIGHTS $2,769,992
On Prospect Park, Unit 2F GMAP (left)
A 3,273-square-foot, 4-bedroom unit in the Richard Meier-designed condo. The unit hit the market in July 2007 and was asking $2,960,000, according to StreetEasy. Entered into contract on 9/30/08; closed on 2/26/09; deed recorded on 3/5/09.

2. BOERUM HILL $1,527,375
25 Bergen Street, Unit 1B GMAP (right)
This 2,412-sf condo was first listed for $1,895,000 in April 2007, then taken off the market for a spell, then re-listed for $1,650,000 last May. Entered into contract on 10/15/08; closed on 2/18/09; deed recorded on 3/3/09.

3. BOROUGH PARK $1,250,000
1723 48th Street GMAP
1,328-sf, single-family house on a 2,404-sf lot, per Property Shark. Entered into contract on 11/5/08; closed on 2/25/09; deed recorded on 3/3/09.

4. CROWN HEIGHTS $1,200,000
497 St. Johns Place GMAP
A 2,500-sf, two-family house, according to Property Shark. Entered into contract on 2/25/09; closed on 2/27/09; deed recorded on 3/6/09.

5. VICTORIAN FLATBUSH $1,100,000
2119 Albemarle Terrace GMAP
Last February, when this 2,132-sf house was an Open House Pick, it was listed for $1,250,000. According to Property Shark, it last traded hands for $650,000 in 2005. Entered into contract on 1/7/09; closed on 2/25/09; deed recorded on 3/5/09.

25 Bergen Street photo from Property Shark.

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Comments

Crown Heights and Vicky's Flatbush sure did close quickly given when they went into contract.

I love to see the units for On Prospect Park pop up here for such high prices, especially after so many negative comments about the building on this blog. I think it's a stunning building, and I'm not a fan of newer architecture. Goes to show that these comments don't mean squat in the real world.

Posted by: 11217 at March 10, 2009 11:38 AM

I read the first alone and can't help but wonder whether the new owners are dying of agonizing "what if's" inside. They entered into contract mere weeks before the economy effectively collapsed. My guess is this place would now go for half a million less than what they paid. Maybe I'm wrong, but it was my first thought.

Posted by: Nokilissa at March 10, 2009 11:41 AM

Im pretty sure the person who bought that condo doesn't live in the "real world"

At least no world I live in. However I might pass him on the street.

Posted by: Santa at March 10, 2009 11:42 AM

The Victorian Flatbush deal should quiet all the market has fallen off a cliff folks. This is an area that is still transforming and the numbers don't lie.

Posted by: Jebby at March 10, 2009 11:43 AM

I agree, Jebby. I'd say the same for the Crown Heights house, bought in February 2009 for 1.2 million.

Posted by: 11217 at March 10, 2009 11:47 AM

"can't help but wonder whether the new owners are dying of agonizing "what if's" inside."

"What if" is for suckers.

Posted by: East New York at March 10, 2009 11:49 AM

11217;

Yes,but you must consider that Ms. Astor's estate took 1 gazillion dollars off her asking price. Why, it's only going for 9 gazillion dollars now!!!

Nice retort yesterday. Was it me, or did that post have an air of "Here's how the world looks like from the heights of Mount Olympus"?

Posted by: benson at March 10, 2009 11:51 AM

I find that people are buying these properties as a gamble. People gamble all the time. Sometimes they loose and sometimes they win.

Posted by: Santa at March 10, 2009 11:54 AM

I love *SOME* of his stories, Benson, but he's just another poster to me. It's other posters who put this dude up on Mount Kissmyass. I don't see it.

Nor do I usually agree with him.

I like his style though.

Posted by: 11217 at March 10, 2009 11:58 AM

11217;

Yeah, I agree with you. Great stories, and great style. Doesn't merit the Mount, however.

Posted by: benson at March 10, 2009 12:01 PM

If you're talking about NOP I don't think his/her addressing the posts to Brownstoner is rude or dismissive of others. To me it just seems like an old-fashioned way of writing in the "Dear Editor" style.

Posted by: dittoburg at March 10, 2009 12:17 PM

It's interesting that this set of actual sales numbers has been followed by the sound of crickets. I think it cancels out about 200 posts yesterday.

Posted by: Jebby at March 10, 2009 12:18 PM

Dear Editor:

Please tell Dittoburg to Shut the Eff Up.

;-)

Posted by: 11217 at March 10, 2009 12:23 PM

I don't know much about the areas in question, so I will assume from the comments that they represent healthy prices for these houses. One thing did strike me though counterbalancing that a bit. I don't remember too many times that we had at least the last three spots on this list being as inexpensive as this. Despite my bearish beliefs my guess is that it is a random anamoly, but it is something interesting to watch.

Posted by: Ledbury at March 10, 2009 12:27 PM

Dear Editor,

Nothing expensive appears to be selling in Park Slope. You are obviously mistaken. Please rectify.

Posted by: SnarkSlope at March 10, 2009 12:39 PM

Dear Editor. Please tell brownstoner to tell 11217 that I am not talking to him.

Posted by: dittoburg at March 10, 2009 12:46 PM

Something expensive was bought by me last Friday in the slope!!

Posted by: Jebby at March 10, 2009 12:48 PM

Dear Gabby,

Please tell the editor to tell brownstoner to text Snark and Ditto that they are both gaywads.

Posted by: 11217 at March 10, 2009 12:49 PM

Dear Brownstoner;

Prices are tumbling in Canarsie.

I was speaking with my neighbor yesterday, Mr. Schwartz, and he told me that he is lowering his asking price for his 2-family by $50,000. It has now been on the market for 3 months,and the new price is $750,000.

I advise you to run. Sell everything. Smithtown, Long Island is looking very good to me now. Great ranch homes, nice Bennigan's, not too far from the mall.

Bitter in Canarsie

Posted by: benson at March 10, 2009 12:56 PM

Wow - Long Island still has Bennigans?
ha!

Posted by: gemini10 at March 10, 2009 12:59 PM

Gaywads?

I'd like to steal that from you. May I?

Posted by: Nokilissa at March 10, 2009 1:33 PM

Please be my guest, Nokilissa...

Enjoy it.

Posted by: 11217 at March 10, 2009 1:43 PM

Dear ditto:

Are you in Canarsie??

Respectfully,
DIBS

Posted by: daveinbedstuy at March 10, 2009 2:40 PM

Hey ditto, you wanna be Wad 1 or Wad 2?

I'm having t-shirts made.

Posted by: SnarkSlope at March 10, 2009 2:40 PM

Dear God!

Posted by: Biff Champion at March 10, 2009 2:45 PM

Dear Mr. Snark:

Can one actuall be gay and a gaywad at the same time??

***Gonna try the skittles rainbow thing this week***

Posted by: daveinbedstuy at March 10, 2009 2:55 PM

I want to be Dr. Gaywad if thats ok.

Posted by: dittoburg at March 10, 2009 2:56 PM

Let me test the sound of it:

"Dr. Gaywad, white paging telephone please."

Yeah, that works.

I'm thinking Professor Gaywad for myself.

Or mayhaps Major Gaywad.

Yeah, that's the stuff.

I like the military bearing. Like Captain Peacock in Are You Being Served or better yet, Colonel Mustard in Clue:

"I suspect Major Gaywad in the powder room with the candlestick."

Posted by: SnarkSlope at March 10, 2009 3:21 PM

There are definitely a few major gaywads around here!!!!

Posted by: daveinbedstuy at March 10, 2009 3:24 PM

Isn't a gaywad what you bring with you to spend when you go to Hunkmania?

For the record, I don't find anything wrong with or annoying about NOP's posts whereby he addresses Brownstoner directly. Pierre de taille's use of the royal "we" on the other hand...

Posted by: Biff Champion at March 10, 2009 3:28 PM

And then there's misterbubble!!!

Posted by: daveinbedstuy at March 10, 2009 3:43 PM

misterbubble is inclined to agree with mister champion.

Posted by: misterbubble at March 10, 2009 4:13 PM

I surprised that there isn't a Half Off or What post on this. Very BULLISH sales, especially the crown heights and Flatbush properties.

Posted by: Adam Dahill at March 10, 2009 5:50 PM

I simply don't understand why units in the Meier building cotinue to sell at such prices! I mean, haven't many posters on brownstoner predicted it would be a failure? How could such astute minds be so wrong?

Posted by: Big Jugs at March 10, 2009 6:13 PM

« Explore Old Brooklyn with Brooklyn Revealed Co-op of the Day: 39 Plaza Street West »

March 10, 2009

Last Week's Biggest Sales

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