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March 31, 2009

Last Week's Biggest Sales

1. BROOKLYN HEIGHTS $4,591,680
One Brooklyn Bridge Park, Unit 1301 GMAP (left)
3-bedroom, 3-bath condo has 2,452 square feet of indoor space and 1,814 square feet of terrace space. Sale included a parking spot. Entered into contract on 8/15/07; closed on 2/18/09; deed recorded on 3/25/09.

2. CLINTON HILL $1,750,000
405 Clinton Avenue GMAP (right)
Yep, it's the Clinton Ave. "Haunted House." The 6,300-square-foot mansion initially hit the market for $3,995,000 last September. Entered into contract on 1/19/09; closed on 2/10/09; deed recorded on 3/26/09.

3. PARK SLOPE $1,725,000
423 12th Street GMAP
This 2,475-sf, 3-fam hit the market last November, listed for $1,895,000, according to StreetEasy. Its listing said it was configured as a two-family, with a garden-level rental and an owner's duplex. Entered into contract on 1/7/09; closed on 3/9/09; deed recorded on 3/24/09.

4. SUNSET PARK $1,275,000
844 54th Street GMAP
This one sold via estate auction: The opening bid for the 3,200-sf, two-family was $950,000. Entered into contract on 12/16/08; closed on 3/9/09; deed recorded on 3/27/09.

5. BOERUM HILL $1,075,000
18 St. Marks Place GMAP
This 3,600-sf, three-family was asking $1,259,000 when it was a House of the Day in October. Entered into contract on 12/22/08; closed on 3/12/09; deed recorded on 3/23/09.

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Comments

"Sale included a parking spot." For $4.6 million, it had better include a weekly handjob too! But I have to say, the landscaping is glorious at One Brooklyn Bridge Park... very park like and only a mile from the Brooklyn Bridge.

Posted by: tybur6 at March 31, 2009 11:36 AM

And... am I missing something MAJOR about the place on 54th Street? It's sort of in the middle of nowhere... and nothing on the block seems particularly millionaire like. Are there major perks I'm missing that justify $1.3 million?!?!

Posted by: tybur6 at March 31, 2009 11:42 AM

If one can ever get a "steal" on a 1.75 million dollar fixer-upper, the haunted house is it. What an amazing property that will be in the right hands.

Posted by: wasder at March 31, 2009 11:42 AM

man, that Clinton Ave mansion did sell for ~1.8M. why couldn't I have hit the lotto already. that seems like a pretty good price - even accounting for purchase might be all-cash and lots of renov needed.

Posted by: more4less at March 31, 2009 11:42 AM

that's quite a slash at the haunted house!

Posted by: z at March 31, 2009 11:43 AM

405 Clinton Avenue

http://en.wikipedia.org/wiki/Sean_Wilsey

Large House for 2 kids.

Posted by: shchune at March 31, 2009 11:47 AM

The clinton ave place already has a dumpster in front. It'll be exciting to watch the progress just like it's neighbor down the block.

Posted by: DeLepp at March 31, 2009 11:49 AM

Clinton Avenue will be a good deal long term. You'd have to have the funds to be able to live somewhere else for a while, and be able to fork out probably well in excess of $1MM to fix the place up, but in the end it would be an amazing property.

Posted by: 1842 at March 31, 2009 11:59 AM

Is the 1BBP unit the one bought by Stribling?

Posted by: zinka at March 31, 2009 11:59 AM

z- both legs right below the hip. :^)

Posted by: travy at March 31, 2009 12:01 PM

with you on 54th st tybur6. Smells kind of fishy...

Posted by: the chicken at March 31, 2009 12:07 PM

schune, the writer sean wilsey bought that house??

Posted by: infinitejester at March 31, 2009 12:25 PM

infinitejester, yes.

Posted by: shchune at March 31, 2009 12:33 PM

54 street already has alteration permits approved for minor work.

Posted by: IMBY at March 31, 2009 1:54 PM

Sean Wilsey bought that house? *Faint*

Posted by: mopar at March 31, 2009 1:55 PM

shchune how do you know he bought the house? What else do you know about it? I live across the street and am endlessly fascinated by this house...

Posted by: boofer at March 31, 2009 1:56 PM

"If one can ever get a 'steal' on a 1.75 million dollar fixer-upper, the haunted house is it. What an amazing property that will be in the right hands."

Your use of quotations was quite appropriate. That's about fair value. And that's close to what everybody else wants to charge for a standard, 3-window wide, 4-story, fixer-upper. This sale puts things in perspective.

***Bid half off peak comps***

Posted by: Brownstones Half Off at March 31, 2009 4:44 PM

BHO, it's no "fixer-upper" it is a complete overhall on Clinton Avenue which will likely cost almost as much as the purchase price. Normal rowhouses in the area in need of a total renovation are not asking $1.75MM - move in condition places are sold for those prices, big difference.

Posted by: 1842 at March 31, 2009 5:04 PM

sale of 405 Clinton is listed in ACRIS. sounds like it will be a big project, but it's great that someone will take care of the place.

Pretty interesting NYT article mentioning the house's provenance and previous owner:
http://www.nytimes.com/2004/08/22/realestate/streetscapes-clinton-avenue-lafayette-fulton-brooklyn-clinton-hill-3-blocks.html?scp=1&sq=405%20clinton%20avenue&st=cse

great kicker to the article, describing the picturesque state of ruin: "It is a conundrum of our time that the aged, sagging Schieren house looks far better now than it might if restored -- but it can't look that way forever."

Posted by: Frederick Law Homestead at March 31, 2009 5:10 PM

re: Clinton Ave house. $270 a square foot still seems just right (should be less for this location and this condition of building, but provenance and rarity of supply has its price too).

It's really sweet if it's true that a young couple with kids will be rolling up their 1.5 mil dollars worth of proverbial sleeves. It's gonna take a lot of stamina. Good luck and welcome! Hope they restore, not just renovate.

Posted by: iz at March 31, 2009 7:33 PM

Well now, it certainly makes sense that the Clinton Ave mansion would be bought by someone like Sean Wilsey. A young pup with enormously deep pockets who'll never hold a regular job in his life, he comes from one of the wealthiest families in San Francisco. That said (yes, of course I'm jealous), a trustfund baby is probably the best possible owner for a place like this. A Clinton Hill pal o' mine said the place needs a HUGE amount of work -- collapsing ceilings, rotted beams, destroyed flooring. Maybe the next cotillion ball at The Mark Hopkins will have a whip-round for Sean and Daphne?

Posted by: 1929 at March 31, 2009 10:11 PM

I am sick with jealousy over the haunted mansion. What a deal!

Posted by: boroughbred at March 31, 2009 10:32 PM

read Sean's great memoir, 1929. No trust fund. Horatio fucking Alger. If you want to exaggerate.

Posted by: dbrown at April 1, 2009 12:05 AM

« Dock Street Decision 'Most Difficult to Date' Co-op of the Day: 60 Plaza Street East »

March 31, 2009

Last Week's Biggest Sales

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