Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $4,208,000 One Brooklyn Bridge Park, #1208 GMAP (left) Unit 1208 at 1BBP is a 2,191-sf, 3-bedroom with a 1,636-sf terrace, according to the building’s condo declaration. The sale included a parking spot. Entered into contract on 1/18/08; closed on 10/20/09; deed recorded on 11/4/09. 2. BROOKLYN HEIGHTS $3,400,000 85 State Street GMAP…
1. BROOKLYN HEIGHTS $4,208,000
One Brooklyn Bridge Park, #1208 GMAP (left)
Unit 1208 at 1BBP is a 2,191-sf, 3-bedroom with a 1,636-sf terrace, according to the building’s condo declaration. The sale included a parking spot. Entered into contract on 1/18/08; closed on 10/20/09; deed recorded on 11/4/09.
2. BROOKLYN HEIGHTS $3,400,000
85 State Street GMAP (right)
As covered last week, this house was originally asking $5.8 million in January ’07. Entered into contract on 7/30/09; closed on 10/9/09; deed recorded on 11/2/09.
3. BROOKLYN HEIGHTS $2,443,800
One Brooklyn Bridge Park, #207 GMAP
Unit 207 at 1BBP is a 2,550-sf, 2-bedroom, according to the building’s condo declaration. Entered into contract on 11/5/07; closed on 10/15/09; deed recorded on 11/4/09.
4. GRAVESEND $2,282,000
1653 Ocean Parkway GMAP
This is a 5,175-sf, 2-family, according to Property Shark. Entered into contract on 8/3/09; closed on 9/15/09; deed recorded on 11/2/09.
5. GRAVESEND $2,000,000
1984 East 2nd Street GMAP
This is a 3,730-sf, single-family, according to Property Shark. Entered into contract on 10/27/09; closed on 10/27/09; deed recorded on 11/6/09.
I went to go look at an apt this weekend again at 1BBP. The apartments are awesome. Even the ones facing the BQE. You dont even feel like the highway is there because you are so high above it. But the location is weird.You need to go under the BQE then walk past that service road that is like a higway. And the sidewalk is like 3 feet wide so it feels like cars are coming right onto the sidewalk. I can understand for dealing with the location for a one bedroom but to pay 4 mill for a place there is a tough call. But again I am sure those views are worth it. ANd another plus is no work is needed.
1BBP – if you face the water, should command big premium. if facing bqe, requires huge discount. There should be no middle ground pricing there
those sales are not 2 years old. the 10% dp was made two years ago but buyers have made a calculation (or received an unseen concession from contract) that the purchase price today is better than walking from the dp.
i wouldn’t call 1BBP a crappy spot, especially with the water and views and new park. agree the other side of the bldg has some serious issues and the bldg overall might have some occupancy related issues, but who really knows.
for those folks to close on those deals despite turmoil, i can only imagine that they are pretty spectacular four walls.
I agree with Pigeon and Minard. It’s not really my style, and I wasn’t thrilled with the apartment layouts I saw, but I definitely see the appeal to the views if you live on the water. And if that’s why I moved there, I wouldn’t mind being on the far side of the BQE, particularly given your proximity to all the subway lines and to everything in the nearby neighborhoods. That said, for $4.2, or even $2.4, I’d rather buy a house and lose the views.
“If you live there, your walk to the subway is through arguably the most beautiful streets of NYC. Twice everyday you’ll be treated to a beautiful walk to the subway. That is worth a lot, in my opinion.”
You want to live somewhere shitty just so you can walk through somewhere nice twice a day?
The location of 1BBP is cool and will get cooler as work on the park progresses. It is better situated than similar loft buildings in DUMBO because of the access to all the transit lines in Brooklyn Heights. Plus the convenience of the in-house garage for weekend getaways and those jaunts to Costco, -hey, everybody loves a deal!
Regarding the location of 1BBP, tybur6, I think it’s a great location.
If you live there, your walk to the subway is through arguably the most beautiful streets of NYC. Twice everyday you’ll be treated to a beautiful walk to the subway. That is worth a lot, in my opinion.
If your apt faces west, you have one of the most beautiful views of NYC.
You’re close to Smith Street and Montague Street.
1BBP is not my style at all, and it does seem too pricey. But I think the location is cool.
Good point, joe the bummer.
The 1BBP sales apparently entered into contract approximately 2 years ago (11/5/07 and 1/18/08).
The values have surely dropped since then.
What do you think took so long to close?
I still don’t understand the appeal of the lifestyle presumed by living at 1BBP — i mean, it’s in the middle of nowhere. It has nice views (at least that side of the building), but you don’t have a neighborhood really… just strange.
I mean, you could pay 1/3 that much, live in a fancy pad *anywhere* and use the leftover money for unlimited limousine and helicopter rides…