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Greenpoint’s Sweater Factory Lofts on Banker St Sells
We may be seeing an end to the saga of 239 Banker Street, the well-known Greenpoint commercial building allegedly used illegally as residencies: the former Sweater Factory just sold to “JL Take Two LLC” for $9.1 million. It’s unclear whether the buyer is a developer or not. New York Shitty has tracked the building’s history as an allegedly illegal residency and the multiple forced evictions for years now. (Regardless, 239 Banker has still actively been marketed as a rental very recently.) Not long ago, tenants applied for protection under the loft law. Wonder if this will put a kink in their plans or bolster their cause? Cuberd covered this yesterday, too.
Lofty Aspirations at a Notorious Greenpoint Building [Brownstoner] GMAP P*Shark DOB
05/24/2012 9:00 AM
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Last Week’s Biggest Sales
1. BROOKLYN HEIGHTS $5,450,000
26 Garden Place GMAP P*Shark
We covered this sale last week. It first asked $5,500,000 before a few price cuts. Entered into contract on 4/12/12; closed on 5/9/12; deed recorded on 5/16/2012.
2. MIDWOOD $3,400,500
1025 East 24th Street GMAP P*Shark
This one-family, two-story house is on a 5,000-square foot lot. Entered into contract on 2/29/12; closed on 4/30/12; deed recorded on 5/14/2012.
3. FORT GREENE $3,285,000
181 Washington Park GMAP P*Shark
A HOTD this September. Ask: $3,450,000. Entered into contract on 1/16/12; closed on 4/24/12; deed recorded on 5/14/2012.
4. PROSPECT HEIGHTS $2,293,000
1 Grand Army Plaza, #7B GMAP P*Shark
A three bed/three-and-a-half bath unit. First listed as $2,200,000, then $2,175,000, then $2,395,000. Entered into contract on 3/6/12; closed on 5/3/12; deed recorded on 5/18/2012.
5. PARK SLOPE $1,800,000
937 Union Street, #10 GMAP P*Shark
A three bed/three bath unit. Asking $1,850,000. Entered into contract on 3/12/12; closed on 5/1/12; deed recorded on 5/16/2012
05/22/2012 11:30 AM
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26 Garden Place Sells Above $5 Million
Here’s your massive Brooklyn Heights sale for the week: 26 Garden Place hit public records for $5,450,000. It was asking $5,500,000 when it first hit the market in December 2010. Streeteasy shows a minor price cut to $5,290,000 in mid-2011; the listing was pulled a month later; and then reemerged for an even lower price of $4,950,000. Guess it pays to be patient! The building was also listed for rent at $15,000/month. Here’s a picture of the very nice layout and there are a few interior pics still up on Streeteasy. Contractors were already hard at work at the house yesterday afternoon.
HOTD: 26 Garden Place [Brownstoner] GMAP
05/18/2012 10:00 AM
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Last Week’s Biggest Sales
1. PARK SLOPE $2,600,000
587 5th Street GMAP P*Shark
We liked this limestone home when it was HOTD back in September 2011. We said: “The parlor floor is gorgeous and the two-story extension results in a very generous layout. Only negative is the kitchen which feels a little tired. But if you can swing the $3,150,000 asking price, you can probably pony up another $100,000 to tune that up.” This house had been in the same family since the 40s! Entered into contract on 2/10/12; closed on 4/18/12; deed recorded on 5/9/2012.
2. COBBLE HILL $2,020,000
171 Warren Street GMAP P*Shark
Another HOTD pick. The house has charm, but the listing wasn’t showing many pictures. We felt it was “hard to weigh in with much confidence on the asking price of $2,500,000 but our gut’s telling us that, despite the great Cobble Hill location, the renovation price tag will be enough to make it tough sell at that number.” Guess someone fell in love with this house. Entered into contract on 2/2/12; closed on 4/26/12; deed recorded on 5/9/2012.
3. WILLIAMSBURG $1,985,587.50
22 North 6th Street, #27KL GMAP P*Shark
The listing was pulled on this Edge condo sale. Entered into contract on 2/24/12; closed on 4/11/12; deed recorded on 5/11/2012.
4. BOROUGH PARK $1,850,000
1644 52nd Street GMAP P*Shark
A 4,420-square-foot, three-family house. Entered into contract on 11/23/12; closed on 4/27/12; deed recorded on 5/10/2012.
5. CARROLL GARDENS $1,800,000
564 Henry Street GMAP P*Shark
This home was asking a hefty $2,300,000. We noted, “If the sellers, who’ve owned the four-story house for 35 years, had just left it alone it would probably be having more luck than it is now, but let’s just say that some of the interior design decisions they made are probably working against it.” Entered into contract on 1/30/12; closed on 4/24/12; deed recorded on 5/10/2012.
05/15/2012 11:30 AM
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Gallerist Gal Pays Record Price in Red Hook
When 17 Dikeman Street was a House of the Day back in December we had this to say: “$1,695,000 is a lot of dough for a house in Red Hook, especially when it’s less than 2,000 square feet, but this new listing at 17 Dikeman Street is so beautifully done that it might have a shot.” Turns out it did have a pretty good shot: The Real Deal reported yesterday that Mirabelle Marden, gallerist and daughter of art-world heavy Brice Marden, paid $1,550,000 for the two-story carriage house. The seller, an architect, had paid $760,000 for the home in 1989 2008 and proceeded to execute a beautiful renovation.
House of the Day: 17 Dikeman Street [Brownstoner]
Art world it-girl buys carriage house in Red Hook [TRD] GMAP
Photographer Sets Price Per Square Foot Record in Red Hook [Curbed]
05/08/2012 12:01 PM
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Last Week’s Biggest Sales
1. PROSPECT HEIGHTS $5,100,000
1 Grand Army Plaza, #PH16S GMAP P*Shark
The most expensive unit to sell at OPP! And on of the most expensive condo sales in the entire borough. We wrote a post about it last week. The buyer was anonymous, but rumor was they already own a unit in the building. Entered into contract on 3/28/12; closed on 4/18/12; deed recorded on 5/2/2012.
2. PROSPECT HEIGHTS $4,900,000
1 Grand Army Plaza, #PH16N GMAP P*Shark
And the second most expensive sale in the building, and again one of the most expensive condo sales in Brooklyn. No word on this buyer either. The listing says this unit is 3,274 square feet. It was asking $4.9 million. Entered into contract on 3/28/12; closed on 4/18/12; deed recorded on 5/1/2012.
3. BROOKLYN HEIGHTS $4,075,000
142 Willow Street GMAP P*Shark
This looks like an internal sale, as no listing went online. Entered into contract on 2/8/12; closed on 4/18/12; deed recorded on 4/30/2012.
4. PARK SLOPE $3,410,000
833 President Street GMAP P*Shark
A HOTD in February. The ask was $3,450,000, but we said “It’s a nice place to be sure but ultimately we think the configuration–which includes the placement of the small kitchen on the second floor–is going to make that difficult.” Entered into contract on 3/9/12; closed on 4/18/12; deed recorded on 5/2/2012.
5. CLINTON HILL $3,000,000
410 Waverly Avenue GMAP P*Shark
This is a double-wide carriage house with plenty of exposed beams to show for itself! We thought, “Some of the bedrooms feel a little small given that the building itself is 6,400 square feet large but otherwise the $2,995,000 listing looks very nice.” Apparently others thought so, too. Entered into contract on 12/20/12; closed on 4/10/12; deed recorded on 5/1/2012.
05/08/2012 11:30 AM
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30,000-Square-Foot Lot for Sale in Stuyvesant Heights
Massey Knakal is marketing a huge site in Stuyvesant Heights on the south side of Halsey Street between Bedford Avenue and Arlington Place. Currently there is a 21,000-square-foot one story former school on the site. The school is on 32,000-square-feet of land, which is being marketed as 50,000-square-feet of buildable or conversion space. The land that faces Halsey Street is zoned R6B, the land sandwiched between Bedford and Arlington, C4-5D (where the school is currently located). The whole shebang is priced at $2.95 million. It was previously asking $3.5 million. GMAP
05/02/2012 11:00 AM
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Last Week’s Biggest Sales
1. COBBLE HILL $2,950,000
30 Strong Place GMAP P*Shark
This home was asking $2,800,000 when it was HOTD this January. At 17-feet, it’s narrow, but overall we called it “a lovely house in a great location.” Apparently a few others agreed with us! Entered into contract on 1/12/12; closed on 4/4/12; deed recorded on 4/23/2012.
2. BROOKLYN HEIGHTS $2,700,000
9 College Place, #4E GMAP P*Shark
Not much info on this condo sale at the Love Lane Mews. Entered into contract on 5/3/12; closed on 3/23/12; deed recorded on 4/25/2012.
3. WILLIAMSBURG $2,025,000
135 Bedford Avenue GMAP P*Shark
This sale made big news last week, as NY1 anchorman Pat Kiernan made this Burg purchase. As a broker said: “The sale price is unprecedented in that $2,025,000 is the highest price ever paid for a single family home in Williamsburg.” Here’s a video of the home interior. Entered into contract on 12/13/12; closed on 4/9/12; deed recorded on 4/25/2012.
4. BOROUGH PARK $1,900,000
1615 52nd Street GMAP P*Shark
No details on this three-family home. Entered into contract on 2/24/12; closed on 3/23/12; deed recorded on 4/27/2012.
5. MIDWOOD $1,900,000
942 East 9th Street GMAP P*Shark
No details on the sale of this one-family home. Entered into contract on 4/3/12; closed on 4/3/12; deed recorded on 4/27/2012.
Honorable Mention: 221 Clinton Avenue, HOTD in August 2011, asking $2,200,000, sold for $1,870,000.
05/01/2012 11:30 AM
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Bridge Street Townhouses Now on the Market
Halstead recently released a listing for “the townhouse collection” of the Kirkman Lofts. Townhouse A is the first of three interior townhome units, each four stories tall with a private internal elevator. The interior pictures give no sense of size, but it’s three bedroom/two and a half bath, with no square footage listing. The townhouses also share all condo amenities. This one’s priced at $2.6 million. The rest of the building is over 80 percent sold since it hit the market last August, how well do you think these townhouse units will do?
39 Bridge Street Listing [StreetEasy]
Four Penthouse Units Now For Sale at the Kirkman Lofts [Brownstoner]
55% of Dumbo’s Kirkman Lofts in Contract [Brownstoner]
Checking in on Dumbo’s Kirkman Lofts [Brownstoner]
Dumbo’s 37 Bridge Hits the Market [Brownstoner] GMAP
04/27/2012 11:30 AM
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Louver House, ID390 Hit 80 Percent in Williamsburg
Here’s some intel on the Williamsburg condo front: ID390, the 28-unit building at 390 Lorimer Street, and the Louver House, the 13-unit building at 9193 Metropolitan Avenue, have both reached the 80 percent sales mark. Sales launched at the ID390 (pictured left) last June with studio, one and two bedrooms ranging from $380,000 to $599,000. 9193 Metropolitan Avenue relaunched as the Louver House last September after a previous sales run. In the second time around, prices ran between $619,000 for a 735-square-foot one bedroom to $765,000 for a 1,048-square-foot two bedroom. The building now only has five units remaining.
04/26/2012 11:00 AM
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Brooklyn Sales May Top $2B for First Time Since ’08
Commercial real estate firm Massey Knakal released its first quarter 2012 property sales report, and while it basically shows a stable market citywide, the stats for Brooklyn stand out:
• 189 properties sold in 1Q12, a 13% decrease from 4Q11, but an increase of 12% from 1Q11
• 147 transactions occurred, down 19% from 4Q11, but a 5% increase from 1Q11
• The aggregate sales consideration in 1Q12 was $683 million, up 11% from 4Q11 and double that of 1Q11. If predictions hold true, annualized sales consideration will top $2B for the first time since 2008
In the report, Bob Knakal, Massey Knakal’s chairman, has this to say: “In the first quarter of 2012 the property sales market in New York City continued to perform at essentially the same modest levels seen in the fourth quarter of 2011. …The results were disappointingly not better and simultaneously happily not worse. They were disappointing because we expected a natural gravitation toward long term trends which should have pulled all markets up from relatively low levels. However, we were happy that things weren’t worse because both the dollar volume of sales and the number of properties sold, had been trending lower in recent quarters. That trend apparently is apparently slowing.”
Q1 2012 Property Sales Report [Massey Knakal]
04/26/2012 9:30 AM
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Last Week’s Biggest Sales
1. PARK SLOPE $3,350,000
494 3rd Street GMAP P*Shark
A HOTD in November 2011. “The five-story, 22-foot-wide brownstone has lots of impressive original detail and grand proportions. The location, just in from 7th Avenue, is great too.” It’s configured as a four family and was asking $3,699,000. Entered into contract on 2/4/12; closed on 4/3/12; deed recorded on 4/17/2012.
2. COBBLE HILL $3,300,000
357 Henry Street, #1 GMAP P*Shark
This is the first townhouse that sold at the 110 Amity Street mansion. It was asking $3.85 million. Entered into contract on 2/22/12; closed on 4/2/12; deed recorded on 4/18/2012.
3. CARROLL GARDENS $2,275,000
240 Carroll Street, #4 GMAP P*Shark
A four bed/three-and-a-half bath condo in Carroll Gardens. Here’s the listing. It was asking $2,250,000 and sold just a hair above asking price. Entered into contract on 1/27/12; closed on 3/27/12; deed recorded on 4/17/2012.
4. PARK SLOPE $1,955,000
596 3rd Street GMAP P*Shark
A “Single Family Townhouse in Original Condition,” says the listing. It entered contract only 16 days after hitting the market. Was asking $1,860,000. Entered into contract on 1/24/12; closed on 3/28/12; deed recorded on 4/18/2012.
5. WILLIAMSBURG $1,936,967.06
22 North 6th Street, #26KL GMAP P*Shark
This South Tower unit also came with a storage space. Entered into contract on 2/3/12; closed on 3/30/12; deed recorded on 4/16/2012.
04/24/2012 11:30 AM
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107 Prospect Park West Sells Out in 28 Days
Last Friday the Daily News and Curbed reported that all five units have sold at 107 Prospect Park West, less than one month after it hit the market. Apparently there was a 900-name waiting list of prospective buyers. Prices began at $515,000 for a 547-square-foot one-bed and ranged from $1,095,000 to $2,310,000 for four other two-, three-, and four-bedroom units. 107 PPW had been a long-abandoned mansion built as a one-family abode and chopped up into eight units. It sold for $2.7 million in June 2011.
107 Prospect Park West Just About Ready For Prime Time [Brownstoner]
Marketing Begins for 107 Prospect Park West [Brownstoner] GMAP
Details on a Prospect Park West Conversion [Brownstoner]
Behind Closed Doors at 107 Prospect Park West [Brownstoner]
04/23/2012 10:00 AM
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First Townhouse Unit Sells at the Amity Street Mansion
The first “townhouse” unit sold at the 110 Amity Street conversion, previously the Lamm Institute building in Cobble Hill. The final price: $3.3 million, according to public records. The 14,243-square-foot building was converted into three townhouses, the first of which went on the market in January for $3.85 million. The townhouse itself is described as a “Grand loft parlor floor with floor to ceiling windows, woodburning fireplace in the living room, open dining and amazing state of the art cook’s eat-in kitchen… Library and master bedroom with bath en suite, plus 3 bedrooms, English basement for media and spa.” Pretty fancy sounding. Any readers get to tour this place when it was on the market?
A Peek at Interior Plans for Amity Street Mansion [Brownstoner]
Details Revealed on 110 Amity Conversion [Brownstoner] GMAP
04/20/2012 11:30 AM
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210 Pacific Street Lot Picked Up By Developer
The sizable lot at 210 Pacific Street, between Court Street and Boerum Place, sold to a unidentified developer for $2.8 million. The DOB approved plans to build a seven story, ten unit building here a few years back. This lot is near the newish conversion at 216 Pacific (the Flavor Paper building), across the street from long-under-construction 215 Pacific Street, not to mention another another empty lot, and down the block from the new condo building 233 Pacific. In short, a block that has seen (and will continue to see) quite a lot of construction. GMAP
04/19/2012 12:00 PM
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Last Week’s Biggest Sales
1. PARK SLOPE $2,910,000
124 Park Place GMAP P*Shark
24 Park Place was asking $2,700,000 when it was a HOTD in February. We said: “The 20-foot-wide, four-story brownstone has lots of well-preserved original detail, two decks and a rental unit. Our only worry is about the kitchen, which is neither shown nor mentioned in the listing. The price of $2,700,000 isn’t even that high for something of this size and condition.” Entered into contract on 3/13/12; closed on 3/27/12; deed recorded on 4/12/2012.
2. PROSPECT HEIGHTS $2,621,993.75
1 Grand Army Plaza, #11C GMAP P*Shark
This is a 2,409-square-foot four bed, three bath. It sold for 11.1% below the asking price of $2,950,000. Entered into contract on 2/24/12; closed on 3/27/12; deed recorded on 4/11/2012.
3. BROOKLYN HEIGHTS $1,920,000
44 Henry Street GMAP P*Shark
44 Henry Street is configured as a one-three family with ground-floor commercial space. We thought the building was in very nice shape despite being a walk-up rental for many years. The home was asking $2,299,000. Entered into contract on 3/13/12; closed on 4/2/12; deed recorded on 4/11/2012.
4. PROSPECT HEIGHTS $1,807,393.75
1 Grand Army Plaza, #4J GMAP P*Shark
A 1,952-square foot, three bed, two-and-a-half bath. Sold 7.3% below its asking price of $1,950,000. Entered into contract on 3/14/12; closed on 3/27/12; deed recorded on 4/10/2012.
5. PROSPECT PARK SOUTH $1,800,000
85 Buckingham Road GMAP P*Shark
This is interesting. ACRIS lists this sale as a “one family home” but it appears the building is on a huge lot that spans from 77-85 Buckingham. StreetEasy lists the lot size as 6,465-square-feet, but doesn’t show the sale or a listing. Anyone have the skinny on this one? Entered into contract on 2/3/12; closed on 3/19/12; deed recorded on 4/9/2012.
04/18/2012 11:30 AM
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Last Week’s Biggest Sales
1. MANHATTAN BEACH $1,575,000
125 Girard Street GMAP P*Shark
A one-two family house with either a garage or vacant land. Sold at $709 per square foot. Entered into contract on 12/23/11; closed on 3/22/12; deed recorded on 4/4/2012
2. BROOKLYN HEIGHTS $1,483,918.75
9 College Place, #1A GMAP P*Shark
This two bed/two bath is 1,387 square feet. It was first asking $1,675,000. Entered into contract on 12/13/11; closed on 3/13/12; deed recorded on 4/2/2012
3. CARROLL GARDENS $1,350,000
67 Woodhull Street GMAP P*Shark
No listing for this one, but it’s a four-six family with a commercial store or office space. Entered into contract on 4/21/11; closed on 3/6/12; deed recorded on 4/2/2012.
4. BAY RIDGE $940,000
7316 13th Avenue GMAP P*Shark
A one-three family house with a store or office. Entered into contract on 7/31/11; closed on 7/31/11; deed recorded on 4/3/2012.
5. BROOKLYN HEIGHTS $890,968.75
360 Furman Street, #434 GMAP P*Shark
A studio apartment at One BBP. It sold eight percent over its asking price, which was $825,000. Entered into contract on 12/14/11; closed on 2/15/12; deed recorded on 4/3/2012.
04/10/2012 11:30 AM
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Big Lot at Eastern Pkwy/Franklin Finally Sells for $8M
A long-empty lot in a prime Crown Heights location next to the Franklin Avenue subway stop just sold for $8,265,000. The lot went on the market last November for an unspecified price. Plans have been off-and-on here since 2007, with a few renderings coming out along the way. The most recent permit approved by the DOB was in 2011 for an eight-story, 65-unit building. In any case, this is certainly a valuable location on an up-and-coming corridor. I Love Franklin Avenue, which had a post on the sale, notes that the buyer of the lot shares an address with a Nassau County-based firm called BlueJay Management.
Long-Empty Crown Heights Lot Up for Grabs [Brownstoner]
Restart Coming for 341 Eastern Parkway? [Brownstoner]
Development Watch: 333 Eastern Parkway [Brownstoner] GMAP DOB
04/10/2012 9:00 AM
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Fort Greene House Sells in 4 Weeks, May Break Record!
We’re hearing from sources in the brokerage community that Fort Greene’s 31 South Elliott Place, which was a House of the Day in late February, went into contract in four weeks and, furthermore, it may be the highest price ever paid for a townhouse in Fort Greene under 20-feet wide. Here’s what we had to say about the “handsome house,” which was asking $2,375,000, in our HOTD writeup on it: “After buying this 17-foot-wide brownstone at 31 South Elliott Place in 2006 for $1,700,000, the new owner proceeded to do a head-to-toe renovation that preserved the house’s original details while giving a modern makeover to the kitchen and bathrooms.”
House of the Day: 31 South Elliott Place [Brownstoner]
31 South Elliott Place [Rutenberg Realty] GMAP
04/06/2012 12:00 PM
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Condos for Sale at Vinegar Hill’s 185 York
The condo at 185 York Street, a small development across the street from the Farragut Houses, quietly hit the market very recently. Streeteasy lists all 17 studio, one- and two-bedrooms priced from $375,000 to $845,000. You can see some interior images after the jump. Wonder if this development will have more luck than nearby 109 Gold Street, which ultimately sold to another developer after trying its luck with individual condo sales. This particular building at 185 York has been under construction since 2009.
185 York Nearing Completion [Brownstoner]
Development Watch: 185 York Street [Brownstoner] GMAP P*Shark
Development Watch: 185 York Street [Brownstoner] DOB (more…)
04/04/2012 10:00 AM
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deancollins
May 21, 2012 | 02:16 PM