Brooklyn Sales: Under a Million

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Some of the sales recorded last week that went for $1 million or less:

$250K or under: FLATBUSH
415 Argyle Road, #5T; Price=$250,000 GMAP
This is a 700-sf, 1-bedroom, according to Trulia. Closed on 4/24/09; deed recorded on 5/5/09.

$300-$500K Range: CLINTON HILL
195 Classon Avenue, Unit 2A; Price=$496,860 GMAP
A 1,136-square-foot, 2-bedroom condo, according to StreetEasy. The unit, which is in a development called The Azure, was initially asking $735,000 when it hit the market in mid-2007. Entered into contract on 9/6/08; closed on 4/22/09; deed recorded on 5/6/09.

$500-$750K Range: BUSHWICK
128 Schaefer Street; Price=$700,000 GMAP
A 2,430-square-foot, 3-family house, according to Property Shark. The price doesn't make much sense, given that it last sold for $276,000 in September. Entered into contract on 12/23/08; closed on 1/29/09; deed recorded on 5/8/09.

$750K-$1 Million Range: SOUTH SLOPE
460 11th Street; Price=$999,000 GMAP
This is a 2,160-sf, 3-family, according to Property Shark. Sold via estate sale. Entered into contract on 2/20/09; closed on 4/24/09; deed recorded on 5/7/09.

415 Argyle, 128 Schaefer, and 460 11th photos from Property Shark aside from 34 Crooke, which is from 34 Crooke Ave.

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Great deal on the South Slope place, although I don't know what it looks like inside. If its rentable, and they put $200k down, they could be covering a chunk of the mortgage with their units.

Posted by: LincolnSlope at May 14, 2009 11:56 AM

i like that clinton hill trade...obviously something wrong with the bushwick trade...

Posted by: 7182713 at May 14, 2009 12:06 PM

The bushwick price is crazy ... it feels like someone bought the house for $230k, filled the basement with drugs, and sold it off, or something. :P

Posted by: cwbuecheler at May 14, 2009 12:25 PM

Bushwick sale is very puzzling.

Normally a place like this would go in the low 400s, maybe less. This is frame house and the area is very far out and almost East New York.

Brick three-families in Bushwick did sell for $700,000 in 2006.

Posted by: mopar at May 14, 2009 1:51 PM

"i like that clinton hill trade"

Not a trade. A murder. And not Clinton Hill for that matter neither. $500K for a Classon Ave (do or die baby!) 2BR?! Bananas! Brownstones there will be had for that much by the time Case-Shiller gets out of the red and back into the green.

***Bid half off peak comps***

Posted by: Brownstones Half Off at May 14, 2009 2:14 PM

Why the mention of 34 Crooke Ave?

Copy and paste malfunction?

Posted by: SnarkSlope at May 14, 2009 2:32 PM

415 Argyle Road is in Flatbush. But, specifically, it's in Ditmas Park right off Cortelyou Road, with a few good shops, restaurants and the Q train a few blocks away.

Posted by: Portchop at May 14, 2009 3:05 PM

What's the deal on 11th Street--an estate sale? Was it a family thing? Distressed sale? Or was the place just a catastrophe?

Fascinating. Anyone have the listing?

Posted by: bkrules at May 14, 2009 4:34 PM

The writeup on 11th St. does say it was an estate sale.

Posted by: mopar at May 14, 2009 6:15 PM

where is bushwick exactly? To me it is kind of a mythic place. I have always heard of it, but I don't think I have ever been there. That's the way Brooklyn is I guess.
I would never have gone to Williamsburg if it weren't for Peter Luger's.

Posted by: sam at May 14, 2009 7:24 PM

Hi all- I bought the 11th street property. It is a bit of a disaster! However, it's got great bones and much potential. I will be renovating it shortly and hope to share my experience with the Brownstoner community. I am an architect and am doing the project myself- I'm sure it will be an adventure.

Posted by: michellefk at May 14, 2009 7:47 PM

Congratulations, Michellefk. Very exciting.

Sam, Bushwick is just past Williamsburg and Bed Stuy. It started out as an industrial area with warehouses and breweries in the 1840s, then expanded into residential, mostly in the 1890s although there are older parts. There are some freestanding mansions where the brewers used to live on Bushwick Ave. But pretty much every house in the area has been covered in siding, sheetrock, and linoleum.

Imagine a rectangle bordered by Williamsburg, Bed Stuy, East New York, and Ridgewood.

Next time you're hungry, come on out to Northeast Kingdom. Very good food and reasonably priced.

Posted by: mopar at May 15, 2009 12:06 PM

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May 14, 2009

Brooklyn Sales: Under a Million

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