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June 12, 2009

Brooklyn Sales: Under a Million

sales%20under%20a%20mil%20june%2011.jpg
Some of the sales recorded last week that went for $1 million or less:

$250K or under: DOWNTOWN BROOKLYN
96 Schermerhorn Street, Unit PH-E; Price=$215,000 GMAP
From its listing: "Totally cool, loft-like studio in a great full-service building in a fabulous location. This penthouse floor studio is truly unique. It features separate living, sleeping and study areas through the ingenious use of a 'progressive loft.' It has enormous storage as well, and is just waiting for the buyer who's looking for an escape from the tyranny of the 'boxy studio.'" The co-op is about 400 square feet, has a maintenance of $932 a month, and was asking $275,000 when it was featured in the Times last August. Closed on 5/28/09; deed recorded on 6/2/09.

$250-$500K Range: BEDFORD-STUYVESANT
722 Halsey Street; Price=$430,000 GMAP
A 2,384-square-foot, 2-family house, according to Property Shark. The contract and closing dates in the deed are confusing, as the sale was recorded last week. Entered into contract on 12/3/07 (?); closed on 3/25/08 (?); deed recorded on 6/5/09.

$500-$750K Range: WILLIAMSBURG
444 Humboldt Street, Unit 6; Price=$645,000 GMAP
This 1,100-square-foot penthouse condo was first listed for $899,000 in November 2007, according to StreetEasy. Sale included a parking spot. Entered into contract on 4/8/09; closed on 5/21/09; deed recorded on 6/3/09.

$750K-$1 Million Range: SUNSET PARK
536 51st Street; Price=$800,000 GMAP
This is a 2,580-sf, 3-family house, according to Property Shark. Entered into contract on 1/29/09; closed on 5/13/09; deed recorded on 6/2/09.

Photos from Property Shark aside from 444 Humboldt pic, which is from StreetEasy.




Posted by Gabby at 11:30 AM | Comments (23)
Categories: Sales

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Comments

There is a house for sale right across the street from yours! Can you call the Agent/Broker and give us the 411 or maybe it's doesn't fit in with your agenda (Price Comps).

The What

Someday this war is gonna end...

Posted by: Return of The What at June 12, 2009 11:33 AM

899 to 645???

DAAAAMMMMNNNNNN

Posted by: Santa at June 12, 2009 11:36 AM

Too bad the Sunset Park house comes with a zombie.

Posted by: LincolnSlope at June 12, 2009 11:51 AM

Lincolnslope, wouldn't that be awesome for Halloween?

Posted by: GHB at June 12, 2009 11:55 AM

I am not capable of setting up my own web site covering Brooklyn Real Estate so I use Brownstoner. Someone else does all the work, incures the costs and puts up with insane people like myself and I get a free ride. It also allows me to surf all the web and post week-old news here as if it was new.

I hope the house I am mentioning is not one I sold to someone who must now take a loss on the sale. The thought that I had a hand in such a thing is too much for me to handle.

Posted by: ghettoazzpnkbtch at June 12, 2009 11:59 AM

Too bad the Sunset Park house comes with a zombie.

Posted by: LincolnSlope at June 12, 2009 11:51 AM

I can't stop laughing.

Posted by: daveinbedstuy at June 12, 2009 12:06 PM

Lot's o' crap for lot's o money...

May I also add that the basic premise of this "Under A Million" feature makes me sad.

Posted by: tybur6 at June 12, 2009 12:13 PM

Too bad the Sunset Park house comes with a zombie.

Posted by: LincolnSlope at June 12, 2009 11:51 AM

I had a good chuckle at that one too. Thanks LincolnSlope.

Posted by: Kensingtonian at June 12, 2009 12:17 PM

"Too bad the Sunset Park house comes with a zombie."

Quote of the Week

Posted by: northsloperenter at June 12, 2009 12:19 PM

"May I also add that the basic premise of this "Under A Million" feature makes me sad."

What basic premise? That people who cannot take on a million dollar mortgage might want to own their home?

Posted by: northsloperenter at June 12, 2009 12:20 PM

Is the Zombie paying rent and when does his lease runs out??

The What

Someday this war is gonna end...

Posted by: Return of The What at June 12, 2009 12:21 PM

I like to piggy back off other people's comments (and web sites) since I am not smart enough to come up with something on my own.

My grammar is horrible. I guess that is what happens when I don't get a quality education.

I am still waitng for my validation.

Posted by: ghettoazzpnkbtch at June 12, 2009 12:32 PM

http://www.cnbc.com/id/30964377/

here's a good article on jumbo forclosures from CNBC. I don't believe it applies to our market though.

Posted by: joe_the_bummer at June 12, 2009 12:53 PM

LincolnSlope- that was brilliant.

ROFLMAO!

Posted by: TownhouseLady at June 12, 2009 12:54 PM

Gotta tell you i was LOL with that zombie post....

Posted by: dutchman at June 12, 2009 12:59 PM

400 sq.ft. studio with maint. of $932/mo?! that 'full service' better include what im thinking it should. and 'loft like studio'...arent they all (minimal partitions)?

Posted by: goldie at June 12, 2009 1:02 PM

Northsloperenter... the premise I find sad is that you have to dig and search really hard to find anything that's even close to decent for under a million $$!!

A million dollar house used to be crazy... not that long ago. Now you can only get total mediocrity, if not total unlivable, in need of a gut renovation, at that price point.

I won't rehash all of the arguments I've made over the many months on this blog, but DAMN this crap is unsustainable... even at the "plummeting" post-bubble prices.

(And goldie is right on... $932 for maint? That's not far off from total rent for a 400 sq ft studio!! It absolutely better come with a penis attendant in the lobby.)

Posted by: tybur6 at June 12, 2009 1:33 PM

tybur6 -- ok. thought you were going the other way. Yes, the prices were absurd and required people to overleverage themselves, settle for lesser property or rent. The people who chose the first option are now going bankrupt.

Posted by: northsloperenter at June 12, 2009 1:48 PM

the studio is sold already... at least that is what the corcoran site suggests.

Posted by: mahetia at June 12, 2009 2:02 PM

mahetia...they're all sold.

Posted by: daveinbedstuy at June 12, 2009 2:04 PM

Add 1094 Park place to that
$960,000

http://www.brownstoner.com/brownstoner/archives/2008/12/open_house_pick_230.php

Posted by: jasetheace at June 12, 2009 2:38 PM

Williamsburg place seems pretty expensive for the location. It really sold? For that much?

Posted by: Heather at June 13, 2009 6:03 PM

I can confirm that the williamsburg place did sell - big draw for that place was a really huge amount of outdoor space and an elevator (fairly uncommon in those small condos out there - although a potential liability given the small number of units). I'd say it is a pretty high price for the area though (much higher price/sqft than jacsksonia, for example). but, let's just say, it's more than I'd pay for that place.

Posted by: perhaps at June 14, 2009 12:04 PM

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