« Price Cuts, Broker Switcheroo at The Absolute Co-op of the Day: 59 Pineapple Street, #2L »

July 14, 2009

Last Week's Biggest Sales

biggest%20sales%20072009.jpg

1. PARK SLOPE $2,190,000
599 5th Street GMAP (left)
House of the Day writeup on this one in February went as follows: "This new listing at 599 5th Street will be an interesting barometer of the market. It's a beautiful limestone house on a park block that's got tons of detail and is in excellent shape; it's the kind of place that should have almost universal appeal. We also like the fact that the two-story extension solves the perennial problem of how to fit the kitchen on the parlor floor. The asking price is $2,400,000." Entered into contract on 5/6/09; closed on 6/29/09; deed recorded on 7/6/09.

2. PROSPECT HEIGHTS $1,665,000
1 Grand Army Plaza/On Prospect Park, Unit 11B GMAP (right)
According to its listing, this unit in the Meier-designed condo is 2,125 square feet and has three bedrooms. The buyers got quite a discount: It was asking $2.8 million, according to Corcoran Sunshine's rundown on the condo. Entered into contract on 5/12/09; closed on 6/16/09; deed recorded on 7/6/09.

3. WILLIAMSBURG $1,530,176
125 North 10th Street, Unit SPHG GMAP
As expected, this is one of the first closings in this Scarano-designed condo. No info available on the unit size, but other in-contract condos in the building priced over the $1 million mark are between 1,000 and 1,400 square feet, according to StreetEasy. Entered into contract on 3/27/08; closed on 6/22/09; deed recorded on 7/8/09.

4. DUMBO $1,425,000
30 Main Street, Unit 7C GMAP
This 1,689-sf, 2-bed was listed for $1,585,000 in November, according to StreetEasy. Entered into contract on 5/20/09; closed on 6/12/09; deed recorded on 7/9/09.

5. BRIGHTON BEACH $1,323,725
55 Oceana Drive East, Unit PH3E GMAP
A penthouse unit in the Oceana condo. Entered into contract on 6/4/09; closed on 6/25/09; deed recorded on 7/6/09.

599 5th Street pic from Property Shark.




Posted by Gabby at 11:30 AM | Comments (19)
Categories: Sales

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/10558

Comments

As predicted by Mr B, 5th Street is a pretty good barometer of the market, at least in prime areas. Down somewhat, not crashing.

Posted by: wasder at July 14, 2009 11:37 AM

Quick question - is there a website that shows what the asking price was on a place, and then the final sale price?

Posted by: bklyn11238 at July 14, 2009 11:41 AM


Not quite half-price for the Meier building... if they waited another 3 months, I bet they could have gotten it down to $1.4

Posted by: tybur6 at July 14, 2009 11:44 AM

Richard Meier himself said there is going to be a lot of empty apts in nyc

Posted by: brickoven at July 14, 2009 11:55 AM

Agreed on the 5th Street House. Both parties probably felt they got a good deal. Also shows that we aren't crashing in prime nabes.
What I am waiting for is a reset on all the "Shanty Shacks" in Park Slope/Greenwood/Gowanus to be priced accordingly to the new market conditions.
Sorry, you can't expect to sell for 800K if it hasn't been touched since 1950

Posted by: gemini10 at July 14, 2009 11:55 AM

5th St. a bit less the DIBS comments predicted. But quite respectable. Certainly not a doomsday scenario.

Posted by: Petebklyn at July 14, 2009 11:58 AM

Shanty shacks??? Them's fightin' woids, gemini. Seriously, are they asking that south of the highway?

Posted by: slopefarm at July 14, 2009 12:07 PM

It all collapses from the outside in. The fringe goes first, then the air goes out of the "prime" bubble prices.

Posted by: DitmasSnark at July 14, 2009 12:08 PM

Slopefarm - you know I live in South Slope so am very familiar with the housing stock down there - hahah

am talking about the 3 story vinyl specials that are located around 3rd/4th avenues and anywhere from 15th down to 20th streets. I don't mind buying over there, I just don't think I should pay $700K

Posted by: gemini10 at July 14, 2009 12:20 PM

StreetEasy is pretty good for original asking price, dates and amounts of any reductions, and final sale price, with the caveat that brokers don't always add apartments to StreetEasy as soon as they're listed. For example, I've been negotiating for a condo in Cobble Hill that was originally listed about 3-4 months ago at $1.6 million; it didn't appear on StreetEasy until late June at it's sedond-reduced asking price of $1.2 million, with no indication of either the original ask or of how long the apartment has really been listed.

Posted by: CarrollGardened at July 14, 2009 12:22 PM

it will be interesting to see what the Meier trade will look like 5 years from now...seems relatively reasonable but only time will tell...

Posted by: 7182713 at July 14, 2009 12:25 PM

CarrollGardened, agreed that Streeteasy is a great site to find the information bklyn11238 is looking for.

Regarding your comment "brokers don't always add apartments to StreetEasy as soon as they're listed.": I didn't think brokers listed anything directly on Streeteasy. I thought Streeteasy (like Natefind and the others) culled the listings, search-engine style, directly from the various brokerage sites. I didn't think individual brokers had anything to do with it.

Posted by: Biff Champion at July 14, 2009 12:26 PM

I'm honestly not sure how StreetEasy works, Biff. My broker has told me that the firms have some sort of agreement or contract with StreetEasy, and I had thought that individual brokers had something to do with getting their new listings added, though I may well be wrong. It's strange, though, that one broker's listings in a building did not appear on StreetEasy, but another broker's listings, in the same firm and in the same building, did appear.

Posted by: CarrollGardened at July 14, 2009 12:33 PM

Park Slope house had a few things going for it:

-It's a limestone (commands a premium).

-It was in perfect condition--a very tasteful renovation had been recently completed. Absolutely nothing needed to be done. It was beautiful. Stunning woodwork in excellent condition.

(Also, I believe it's on the side of the street that's zoned for 321.)

Posted by: frances at July 14, 2009 1:13 PM

just remember the over $2m price for 5th street - whenever a 'narrow' house comes on the block.

Posted by: Petebklyn at July 14, 2009 1:39 PM

Right, when a narrow house comes up on some forsaken block near the Gowanus Canal or by the projects in Clinton Hill, you can refer to the 5th Street example and make the case that narrow houses in Brooklyn sell for about 2.2 million.


Posted by: sam at July 14, 2009 1:47 PM

re: dumbo condo.....
Last sale on that 'C' line on 11th floor sold for $902 sq ft
last year. 4 floors lower sold for $843 sq ft now.
Of course, can never tell what upgrades have been done in either one, but 7% lower price - yet it is lower floor.

Posted by: Petebklyn at July 14, 2009 2:12 PM

What projects in Clinton Hill??? Sam...tsk tsk tsk.

Posted by: BrooklynGreene at July 14, 2009 2:31 PM

not sure how accurate Streeteasy is. The above unit (11B)in OPP is listed on Streeteasy as being back "In Contract" even though there is a deed recorded.

05/21/2009 Listed in StreetEasy, already in contract, by Corcoran at $2,800,000.
06/16/2009 Listing sold.
06/16/2009 Sale recorded for $(insiders only)
07/15/2009 Listing entered contract.

Posted by: neone at July 15, 2009 2:31 PM

Post a comment

Please be patient while your comment is published. It may take a moment.

Latest Restaurant Additions