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June 4, 2009

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: WINDSOR TERRACE
651 Vanderbilt Street, Unit 6R; Price=$195,000 GMAP
This is a 550-sf, alcove studio, according to StreetEasy. The co-op was listed for $219,000 in October. Entered into contract on 1/23/09; closed on 5/27/09; deed recorded on 5/29/09.

$250-$500K Range: PROSPECT HEIGHTS
34 Butler Place, Unit 24; Price=$337,155 GMAP
This 1-bed condo hit the market for $369,000 in October and its price was reduced to $339,000 in March, according to StreetEasy. Entered into contract on 4/3/09; closed on 5/15/09; deed recorded on 5/29/09.

$500-$750K Range: CARROLL GARDENS
358 Court Street, Unit 26; Price=$655,000 GMAP
Loft condo was listed for $700,000 in November, according to StreetEasy. Building is a converted church. Entered into contract on 3/1/09; closed on 5/11/09; deed recorded on 5/27/09.

$750K-$1 Million Range: BAY RIDGE
234 77th Street; Price=$808,000 GMAP
This is a 2,394-sf, single-family house, according to Property Shark. It was listed for $839,000. Entered into contract on 3/10/09; closed on 5/14/09; deed recorded on 5/28/09.

Photos from Property Shark aside from 34 Butler pic, which is from StreetEasy.




Posted by Gabby at 11:00 AM | Comments (17)
Categories: Sales

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Comments

Converted Church = SWEEEETTTT!!!!!

Posted by: the chicken at June 4, 2009 11:19 AM

Wow - the Windsor Terrace studio actually fetched quite a nice price, given that a $199,000 studio in Prospect Heights (on Vanderbilt and Park) was just taken off the NYTimes website (presumably because it's in contract, perhaps?)

Posted by: collin85 at June 4, 2009 11:21 AM

is there anyone who thinks that 220K for that studio is STILL absurdly over priced?

*rob*

Posted by: PitbullNYC at June 4, 2009 11:24 AM

Not sure, but I was thinking that a couple hundie under a MILLION DOLLARS was shocking for the little unkempt bungalow in Bay Ridge.

Posted by: Nokilissa at June 4, 2009 11:26 AM

Well, most studios in northwest Brooklyn / near the park seem to move pretty quickly if they drop much below 200k...notwithstanding those many units at 80 Winthrop, of course. Anyone know why those sit so long, btw? A problem with the building or something?

Posted by: collin85 at June 4, 2009 11:32 AM

"is there anyone who thinks that 220K for that studio is STILL absurdly over priced?"

Duh...me.

***Bid half off peak comps***

Posted by: Brownstones Half Off at June 4, 2009 11:47 AM

If I can get $200k for my studio in Clinton Hill (Willoughby Walk) in a year, I'll take it...

Posted by: BrooklynZoo at June 4, 2009 11:54 AM

That Bayridge house looks so homely
am very surprised it even went for $800K - perhaps it's in a great location?

Posted by: gemini10 at June 4, 2009 12:13 PM

that Butler Place condo was only 450 sq feet...750/sq foot in Prospect Heights?? Wow, I thought the bubble had burst

Posted by: Squattersrights at June 4, 2009 12:17 PM

Although I am not familiar with that particular studio, I do know that building and it is immaculate. It is a block to the park and on a nice street. I think that building is a good value.

Posted by: Schultz at June 4, 2009 12:34 PM

actually went and saw and seriously considered the carroll gardens converted church place. it is beautiful, no doubt. but for the price there were some things that really bugged me about it: to get to the master bedroom/loft you had to duck underneath this really low beam, and much worse, you could very clearly hear the upstairs neighbors walking (like you were actually listening to the floorboards shift). kitchen and bathroom were a little tired. (though I'm not really a stickler for tired kitchens) I think it could be a great place for somebody (and the price the buyer got was lower than I was lead to believe the seller would accept), but the quality of the conversion left a little to be desired.

Posted by: perhaps at June 4, 2009 12:52 PM

it all starts with the studios. seller gets good price then has profits to roll into a bigger unit and on & on it goes - at least that was what it was back in the rosier days.

that bay ridge house doesn't look that massive so am assuming it at or close to shore road facing the water.

Posted by: more4less at June 4, 2009 1:05 PM

These prices are ridiculous.

Posted by: mopar at June 4, 2009 2:26 PM

RE: Bay Ridge - anything freestanding with parking typically goes for way more, so this looks like a deal to me. This is not near the water, but just below 3rd Ave. Zoned for PS 102. I saw it above and wonder if it's a fixer upper!

Posted by: HmmWhichNeighborhood at June 4, 2009 2:28 PM

I saw the Windsor Terrace studio. It's not the most convenient location amenities-wise, but the co-op appears to be solidly run. The apartment itself needed a new kitchen and bathroom. But it was large for a studio, 500sf of postwar space, not like the typical tiny brownstone studio.

Posted by: SnarkSlope at June 4, 2009 2:32 PM

Most stuff below third avenue in Bay Ridge is the best of both worlds. It feels like you're walking in a quiet suburb but the city/subway is only a few blocks away. So I think that's why those home fetch a good price, plus all the shools below third are zoned for two very good schools.

Posted by: italiana71 at June 4, 2009 6:44 PM

I'm not getting the Bay Ridge price.

Posted by: dittoburg at June 5, 2009 8:52 AM

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