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November 13, 2009

Brooklyn Sales: Under a Million

sales%20under%20a%20mil%2011-12-09.jpg
Some of the sales recorded last week that went for $1 million or less:

$250K or under: FLATBUSH (?)
759 East 10th Street, #7J; Price=$175,000 GMAP
It seems like this co-op probably falls within Flatbush's boundaries, but its listing called it Midwood. The 2-bedroom was first asking $219,000. Closed on 10/23/09; deed recorded on 11/5/09.

$250-$500K Range: EAST NEW YORK
585 Sheffield Avenue; Price=$390,000 GMAP
This 3,300-sf house was listed for $455,000 in April, according to StreetEasy. Entered into contract on 8/28/09; closed on 10/27/09; deed recorded on 11/6/09.

$500-$750K Range: BEDFORD-STUYVESANT
747 Hancock Street; Price=$609,000 GMAP
When this property was an Open House Pick in June, it was listed for $699,000. Its listing described the 2,940-sf 2-family as in "mint condition." Entered into contract on 9/24/09; closed on 10/28/09; deed recorded on 11/5/09.

$750K-$1 Million Range: FORT GREENE
One Hanson Place, #12H; Price=$945,000 GMAP
According to StreetEasy, this 1475-sf, 2-bedroom was first listed for $1,222,431 in May '08. The price was reduced to what it sold for this August. Entered into contract on 9/17/09; closed on 10/30/09; deed recorded on 11/5/09.

Photos from Property Shark.

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Comments

I am comfortable with calling that Midwood... it's only a half block north of the choo choo train tracks. It's a lot better than Park and New York Avenue being called "Prospect Heights" or 3rd Ave and 28th Street called "Park Slope."

But that price is very palatable. What were the monthlies?

Posted by: tybur6 at November 13, 2009 11:48 AM

There is anther one for sale in the same building. No mention of the maintenance cost though.

- http://www.streeteasy.com/nyc/sale/411694-coop-759-east-10-st-midwood-brooklyn

Posted by: DitmasSnark at November 13, 2009 11:52 AM

That's a very solid price on the Bed Stuy house, given the somewhat Easterly location. I guess it was really "mint" as they said. Prices are holding up there, I mean.

Posted by: mopar at November 13, 2009 11:53 AM

I have to agree, mopar.

But it is kind of funny. Just as I didn't understand paying double the price of my Stuyvesant Ave house for a place in Ft greene, I'm hoping it remains the case that mine is still worth $200,000 + more being just two blocks west of this one. :)

Posted by: daveinbedstuy at November 13, 2009 12:03 PM

Those are two long blocks west DIBS. I think that's a very solid price for the Hancock house.

Posted by: wasder at November 13, 2009 12:07 PM

> mine is still worth $200,000 + more being just two blocks
> west of this one

So if you go 6 blocks further over, the houses are free?

Posted by: DitmasSnark at November 13, 2009 12:26 PM

"$200,000 + more"

out too late last night, Snark?

Posted by: daveinbedstuy at November 13, 2009 12:30 PM

I meant 6 blocks east of this house.

Anyhoo, the answer to your question = yes.

Posted by: DitmasSnark at November 13, 2009 12:40 PM

Dave if yours is $200,000 + more, than i guess mine would be $400,000 + more from the Hancock House, considering my location is more prime than yours (closer to the subway & in landmarked stuyvesant heights). LOL

i like how your math works for me!

Posted by: bkny at November 13, 2009 12:40 PM

bkny, you're just being a snoby elitist now. :)

If you're on that block of Stuyvesant Ave where that tree drops all those long brown pods then you need to take about a $150,000 haircut.

Posted by: daveinbedstuy at November 13, 2009 12:44 PM

DIBS - what brown pods? i'm not on stuyvesant. i'm between lewis & stuyvesant. do i get my $150k back now - LOL

Posted by: bkny at November 13, 2009 12:48 PM

I think it's between McDonough & Decateur. My Sycamore just dropped all its leaves and I'm so happy it's been windy the past 2 days!!!

What's going on with the big Victorian house next to AKwaba B&B? I see the permits up but no activity. That house is truly spectacular.

Looks like the Bates mansion from Psycho.

Posted by: daveinbedstuy at November 13, 2009 12:56 PM

DIBS - that house is owned by Crystal of Brownstone Books. As far as I know they have been living/working through the construction. the house needed alot of work, no plumbing or electrical system to speak of. There family was featured in a NYT sunday real estate write up a few years back. You can probably find the article in the archives. The house is actually kind of small on the inside.

Posted by: bkny at November 13, 2009 1:03 PM

I did see the article and thought they were still living there.

Did you know that Cicho fromSaraghina is opening another restaurant...in the space barabara used to have her clothing jewelry store..on Halsy across from Solomon's Porch..some sort of bistro and I think mostly fish/seafood.

Posted by: daveinbedstuy at November 13, 2009 1:11 PM

Really? didn't hear about that but i can't wait. sounds yummy.

Posted by: bkny at November 13, 2009 1:28 PM

Another restaurant? That's insane. Well then, in that case, for sure your place is still worth $800,000, DIBS. I think it would be anyway.

Posted by: mopar at November 13, 2009 1:48 PM

mopar...the lease on that bodega on my corner is up in about 2 years...we're gonna make something nice out of it...same building as this new Cicho restaurant will be in.

Posted by: daveinbedstuy at November 13, 2009 2:07 PM

The pace of change is making my head spin. You know what the difference is between our location and yours, DIBS? It's five take-out fried chicken places and $400,000!

Posted by: mopar at November 13, 2009 3:59 PM

400k for EAST NEW YORK!

jesus

that place would have cost 40k in a similar nabe in Philly.

Posted by: Santa at November 14, 2009 12:08 AM

Well, actually, it's a few other things too. Like, say, beautiful hardwood floors and finishes on your side of the neighborhood! Cheap pine on mine.

Posted by: mopar at November 17, 2009 1:54 PM