« Last Chance to Take the Brownstoner Survey Meeting About Special Lefferts Rezoning Request Tonight »

October 15, 2009

Brooklyn Sales: Under a Million

sales%20under%20a%20mil%2010-15-2009%20copy.jpg
Some of the sales recorded last week that went for $1 million or less:

$250K or under: BROOKLYN HEIGHTS
70 Clark Street, #2B; Price=$220,000 GMAP
This "spacious" studio was listed for $225,000 in June, according to StreetEasy. Maintenance=$504/month. Closed on 10/2/09; deed recorded on 10/8/09.

$250-$500K Range: WILLIAMSBURG
72 Berry Street, #6A; Price=$456,300 GMAP
A 626-sf, 1-bedroom condo in Williamsburg success story Mason Fisk. Entered into contract on 4/3/09; closed on 9/23/09; deed recorded on 10/6/09.

$500-$750K Range: BEDFORD-STUYVESANT
208 Hancock Street; Price=$570,000 GMAP
This 3-family, 3,600-square-footer was a House of the Day twice: First in August '08, when it was listed for $859,000 and then last October, when the price was down to $799,000. Entered into contract on 5/15/09; closed on 9/30/09; deed recorded on 10/8/09.

$750K-$1 Million Range: CROWN HEIGHTS
691 St. Johns Place; Price=$815,000 GMAP
This limestone 3-family was listed for $869,000 when it was a House of the Day in March. Entered into contract on 7/7/09; closed on 9/23/09; deed recorded on 10/7/09.

Clark Street and St. Johns Place photos from Property Shark.




Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/11828

Comments

The Crown Heights sale is one of many to prove the bears wrong.
From the HOD thread
>>"This place has depreciated in this market to completely nullify the upgrades...YES zero growth...not worth a penny more than $700K in our opinion and that is being very generous."

Generous?

Posted by: lincolnlimestone at October 15, 2009 11:14 AM

yet the BedStuy house went down from 859k to 570k.

Posted by: Santa at October 15, 2009 11:21 AM

The Clark St place makes the studios that have been COTD the last view days look ridiculous. $504 maintenance verus $1000?

Was the Bed Stuy place a foreclosure or short sale ultimately?

Posted by: Brokedeveloper at October 15, 2009 11:21 AM

The Bed-Sty house clearly needed a lot of work on the inside.

Posted by: lincolnlimestone at October 15, 2009 11:27 AM

great price on the bed stuy house - if prices stay in that range houses will be snapped up and the neighborhood may in fact reach a gentrifying tipping point...

Posted by: gkw at October 15, 2009 11:39 AM

Santa,

You can't draw conclusions about the market by comparing ask to close. You need comps. You got comps to show what Hancock would have gone for at peak?

Posted by: slopefarm at October 15, 2009 11:54 AM

thanks slopefarm.

i listed a pile of rocks on craigslist for 100 obo. it sold for 10. does that mean the market for rocks is off 90%?

Posted by: antidope at October 15, 2009 12:15 PM

no presents for you.

Posted by: Santa at October 15, 2009 12:39 PM

even if that bed stuy house needs tons of work, it's still a good price. I love these types brick houses - much more than brownstones

Posted by: more4less at October 15, 2009 12:48 PM

I'm with you m4l, I find red brick more pleasing to the eye than dingy brownstone. Limestones are my all-time fave.

Am I banned?

Posted by: dittoburg at October 15, 2009 1:08 PM

Williamsburg condo looks like a solid deal. Great location and low taxes. great place for a FTHB and or couple with no kids.

Posted by: Adam Dahill at October 15, 2009 1:47 PM

what is a FTHB? full time house brat?

Posted by: Petebklyn at October 15, 2009 1:51 PM

full time home business?
?
well, apt sold for about $750 psf, so that's good.

Posted by: wine lover at October 15, 2009 3:18 PM

isnt the hancock house an SRO?

Posted by: B3 at October 15, 2009 3:27 PM

FTHB

first
time
home
buyer

Posted by: Adam Dahill at October 16, 2009 12:01 AM

I am stunned at the price of the Hancock house. That's daylight robbery! The buyers must have been wearing masks at the closing.

Posted by: BedStuyGal at October 19, 2009 5:35 PM

Post a comment

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

Latest Restaurant Additions