Last Week's Biggest Sales
1. PARK SLOPE $1,650,000 113 Garfield Place GMAP (left) When this 3-story brownstone was first a House of the Day in April, it was asking $1,800,000; by July it was asking $1,675,000 and the widget guess on it was $1,399,683. Entered into contract on 8/12/09; closed on 10/30/09; deed recorded on 11/12/09. 2. MILL BASIN…
1. PARK SLOPE $1,650,000
113 Garfield Place GMAP (left)
When this 3-story brownstone was first a House of the Day in April, it was asking $1,800,000; by July it was asking $1,675,000 and the widget guess on it was $1,399,683. Entered into contract on 8/12/09; closed on 10/30/09; deed recorded on 11/12/09.
2. MILL BASIN $1,550,000
2285 East 66th Street GMAP (right)
According to StreetEasy, this 3,840-sf, waterfront house was originally asking $2,499,000 in May. Entered into contract on 9/2/09; closed on 10/15/09; deed recorded on 11/10/09.
3. PROSPECT HEIGHTS $1,549,000
574 Carlton Avenue GMAP
This 3,600-sf, 2-family house was listed for $1,549,000 in May, according to StreetEasy. Entered into contract on 7/30/09; closed on 11/5/09; deed recorded on 11/12/09.
4. SUNSET PARK $1,280,000
737 60th Street GMAP
This is a 3,200-sf, 4-family, according to Property Shark. Entered into contract on 6/9/09; closed on 8/20/09; deed recorded on 11/13/09.
5. BOERUM HILL $1,200,000
423 Atlantic Avenue, #2M GMAP
When this 3-bedroom loft was a Co-op of the Day last December, it was listed for $1,300,000. The price was reduced to $1,250,000 in May. Closed on 10/28/09; deed recorded on 11/13/09.
Garfield Place photo from Property Shark; East 66th Street pic from StreetEasy.
You must have my address wrong. I don’t live near a JHS…Junior High School???
I missed it, CG.
ET’s right. StevieB’s getting a bit creepy.
I am already registered on asshathill. I also received a very nice email from the What welcoming me warmly to the site. I really miss the what on here. He saved me from financial ruin and is the only sane one in this land of perma bulls.
No discount at all on the Prospect Heights house and the Sunset Park price seems high too…no?
Although admittedly I’m not well versed on housing prices in Sunset Park.
m4l, I got a brownstone for you for under $1 MM
“CG, other than where the house never sold, there have been very few instances of sales where widget was right or higher.”
Hey, Slopey. It seems to me that someone (Minard? Antidope?) posted 3 examples of sales prices below the widget, last week, in one of the Brooklyn Heights house threads, which is what made me think Mr. B ignores those sales in favor of sales that beat the widget. I agree with everything else you said – widget definitely skews downward, and people think all the sales above the widget are outliers, lol.
it’s called talking your book. not particularly subtle, though not really effective, apparently.
113 garfield pl was HOTD twice, ergo the two widget prices. original widget was 15% off ask. second widget was 16% off new ask, itself down 7% from original ask.
given the sample size of widget pricing vis-a-vis the bs community’s “expertness” i would note that every widget estimate comes in within a range of 15-25% off ask. And this holds in the handful of cases where same property is revisited. it does not seem to account for those wacky priced properties. see 65 ppw for example.
damn, another set of impressive big transactions. guess the wait continues for brownstone below $1M
Oops. Sorry, folks. I’ll take it to the OT.