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July 7, 2009

Last Week's Biggest Sales

biggest%20sales%20july%207.jpg
1. WILLIAMSBURG $1,380,000
60 Broadway, Unit 9C GMAP (left)
A 1,453-sf, 2-bedroom loft in the Gretsch condo, according to its listing. Entered into contract on 5/11/09; closed on 6/17/09; deed recorded on 7/1/09.

2. COBBLE HILL $1,325,000
370 Clinton Street GMAP (right)
As covered yesterday, this sale consisted of a half stake in this 6-family, which went on the market this January for $2,995,000. The seller bought it for $2,650,000 last September. Entered into contract on 6/10/09; closed on 6/10/09; deed recorded on 6/29/09.

3. MILL BASIN $1,300,000
80 Barlow Drive North GMAP
A 2,320-sf, single-family, according to Property Shark. Entered into contract on 9/1/09; closed on 12/5/08; deed recorded on 6/29/09.

4. FORT GREENE $1,100,000
134 South Oxford Street GMAP
This 1,800-sf, single-fam was an Open House pick three times: First in November, when it was asking $1,450,000, then in March and April, when it was listed for $1,350,000. Entered into contract on 5/29/09; closed on 6/24/09; deed recorded on 6/29/09.

5. PROSPECT-LEFFERTS GARDENS $1,050,000
107 Rutland Road GMAP
When this 2,040-sf single-family was an Open House Pick in February, it was listed for $1,375,000. Entered into contract on 3/25/09; closed on 6/15/09; deed recorded on 6/30/09.

***We left out two transactions recorded in public records last week at 2 Montague Terrace because we've been told that they involved one party trading up for a larger co-op and the other trading down for a smaller co-op and, thus, that the trades don't represent real sales. In any event, one unit in the building (11 AB) traded for $3.5 million and another (5B) for $2 million. The same last names were involved in the transactions.

60 Broadway photo by pheezy.




Posted by Gabby at 11:30 AM | Comments (26)
Categories: Sales

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Comments

the Gretsch is (only) 10% above what paid for in 9/2005.

Posted by: Petebklyn at July 7, 2009 11:50 AM

I love the Gretsch building. IMHO - Gretsch and the cast iron building on Broadway and Bedford are the best condo/co-op buildings in Williamsburg.

Posted by: dirty_hipster at July 7, 2009 12:00 PM

Bailout from Pre-Lehman distress in Cobble Hill.

Bailout in Fort Greene too (1.1 for a 4-story glorified hallway?!).

Count your blessings, sellers. No comment, buyers.

***Bid half off peak comps***

Posted by: Brownstones Half Off at July 7, 2009 12:04 PM

Pretty soon Brownstoner is going to have to merge 'Last Week's Biggest Sales' into 'Brooklyn Sales: Under a Million'.

Posted by: Colonel Steve Austin at July 7, 2009 12:10 PM

It's a far cry from "half off peak comps," BHO.

Posted by: daveinbedstuy at July 7, 2009 12:10 PM

That Gretch apt is pimp and all but they paid close to 1000 psf to live by Lugers?

Posted by: brickoven at July 7, 2009 12:11 PM

the gretsch is terrific, but it is the very south end and closest to the projects, etc.. of course the Broadway corridor has amazing restaurants and convenient subway (JMZ).

have a friend who owns an apartment - it's lovely, but a layout best for a single or couple although it's huge. i believe that apts that offer enough room for a family whether it's in WBurg or anywhere, hold their value/increase more.

think this is a good price for that place in this economy.

know that that the gretsch is a good deal for the people who bought in and rent it out. renters are paying on the high side to live there.

Posted by: wine lover at July 7, 2009 12:12 PM

"That Gretch apt is pimp and all but they paid close to 1000 psf to live by Lugers?"

and Diner, Moto, Marlow and Sons/Daughters, DOC Wine Shop, Bembe, Aurora, Rye, Miss Favela.

Broadway rules

Posted by: dirty_hipster at July 7, 2009 12:16 PM

oh and dressler

Posted by: dirty_hipster at July 7, 2009 12:16 PM

"It's a far cry from 'half off peak comps,' BHO."

Gotta pass thru -21% to get to -50%, DIBS. I'm not alone (CSA @ 12:10).

"...they paid close to 1000 psf to live by Lugers?"

LMMFAO!

***Bid half off peak comps***

Posted by: Brownstones Half Off at July 7, 2009 12:51 PM

"the gretsch is terrific, but it is the very south end and closest to the projects"

The Hasidic projects? crime is virtually zero. Those PJs have no effect on proces. I thought you knew Williamsburg wine lover.

Posted by: dittoburg at July 7, 2009 1:11 PM

Lefferts Manor houses really are continuing to sell despite this economic downturn. This Rutland road house did quite well for itself.

Posted by: dt at July 7, 2009 2:32 PM

BTW, Dirty Hipster, El Almacen got its liquor license! Also tried a new Mexican place on Graham with the chef from Barrio Chino, but it was so-so.

Wine Lover, how on earth is the JMZ convenient -- if you don't work on Wall St?

Posted by: mopar at July 7, 2009 2:34 PM

Yeah Mopar - I heard!! Now I will never get to go there - i tried to go to El Almacen a few fridays ago at 8:30 but the wait was close to 2 hours and they weren't doing BYOB anymore.

haven't tried the mexican joint yet - it's in that weird blue building on graham and conselyea right?

JMZ isn't bad - but I wouldn't want to have to rely on it if I work in midtown. You'd have to take it to Canal and catch the 6/Q

Posted by: dirty_hipster at July 7, 2009 2:47 PM

sorry - or essex and get the F

Posted by: dirty_hipster at July 7, 2009 2:48 PM

Two hours! Yikes! We went there Tuesday last week at I think 8:15 and there was no wait. Yeah, the Mexican place is in the weird building. Very average though I'm sorry to say.

Didn't think of the F -- guess that would be not so bad. Both the 4/6 transfers are terrible.

Posted by: mopar at July 7, 2009 2:53 PM

Congrats! I'm glad the boys sold the house! What good news!

And BOH, please be a little kinder...there's really no need for this constant bashing people over the head...Look, if they want to buy a house for $1.1m, let them.

And the house is not a glorified hallway. It's very nice inside.

Posted by: BrooklynGreene at July 7, 2009 3:29 PM

though that stretch of broadway has a bunch of great restaurants (in my opinion thanks to diner, not peter luger's) i still don't think it's a great place to live in willy b. i'd rather be closer to the L train than this far away and not really near practical stores.

Posted by: bodhi_brooklyn at July 7, 2009 3:34 PM

I dunno Bodhi - relying on the JMZ might be a deal breaker for many - but I would say that Broadway and south williamsburg is better served by banks and grocery stores than the northside (unless you don't mind spending 50 bucks on milk, bread and eggs at Khims)

Posted by: dirty_hipster at July 7, 2009 3:46 PM

If its a choice between the JMZ or the L, I'll just shoot myself.

Posted by: dittoburg at July 7, 2009 3:48 PM

i agree, kims sucks. but i guess in general i probably wouldn't want to buy in willy b. i lived on maujer street for a few years and it was okay over there, until the street became more gentrified (and consequently crime went up). but ultimately, for me, it's just not scenic enough and the, ahem, hipsters can just be way too much. though i hear your point, that stretch of broadway has become a lot more livable/fun in the past few years. i think if i moved back i would want to live more on the greenpoint border, close to mccarren.

Posted by: bodhi_brooklyn at July 7, 2009 3:55 PM

ditto, really? i think the L is a descent enough train. i mean at least it gets you straight across manhattan and fast..unless you work in brooklyn...

Posted by: bodhi_brooklyn at July 7, 2009 4:00 PM

i'd say the L is a decent train but it is also mad overcrowded both during the day and at night. something that will only continue to get worse. recently, i was also really turned off by the thought of depending on the L when I found myself in wburg in the middle of the day in the rain and the L wasn't running from bedford to manhattan. unlike almost any bk neighborhood that is geographically close to mnhtn - you're basically completely screwed if this one train line goes down. (and that is also the true (partial) story of why I didn't put an offer in at fast-selling 72 berry.)

Posted by: perhaps at July 7, 2009 4:11 PM

yea, if you can get on it.

Posted by: dittoburg at July 7, 2009 4:11 PM

If L train haters haven't done the morning/afternoon commute since they switched over to the computerized signaling system - I can assure you that things are much improved. I get on in the morning at Lorimer and maybe once per week a train is too crowded, but one comes by 1 minute later and is totally empty.

Come on, as far as Brooklyn trains go, the L is decent - the 4/5 trains are pretty much packed after Franklin Ave - the 2/3 are super slow local. The F is jam packed as well.

And it's been a long time since the L train hasn't run from bedford to manhattan. a few months ago it was running as a shuttle to union square every 15 minutes and now after lorimer shuttle buses go out east (only for one more weekend)

Posted by: dirty_hipster at July 7, 2009 4:19 PM

The rutland road place did well to get $1.05M, which was a big haircut from the $1.4 they started at . . .
It's significantly smaller/less grand than other LM houses that sold for that range this spring.
At least they didn't lose too much money from what they paid for it a couple of years ago.

Posted by: ontheparkway at July 7, 2009 10:13 PM

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