Real Estate Market


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Let’s hope there are still some rich people out there! It’s not everyday a $7,300,000 listing hits the market so naturally this place at 22 Remsen Street in Brooklyn Heights caught our eye. The 25-foot-wide brownstone has clearly had a major makeover since its current owner purchased the 13-room mansion for $2,792,000 in 2003. Surprisingly for its price range, the five-story house is actually a three-family, raising the question of whether someone with this kind of dough wants to be a landlord to two different tenants. Regardless, this will be a nice test of the high-end waters right now. Thoughts?
22 Remsen Street [Sotheby’s] GMAP P*Shark


How big a discount is Newswalk getting these days for the Atlantic Yards effect? Based on this two-bedroom apartment t certainly looks cheap. The 1,350-square-foot pad is priced at $699,000 and has common charges of just $598 (though we’d want to know when the J-51 tax abatements run out). The major drawback appears to be the fact that it’s on a low floor. If you’re feeling a little more flush and want some better views, there’s also this top-floor unit with outdoor space for $799,000. Interesting?
535 Dean Street [Corcoran] GMAP P*Shark


Hey, at least one house has gone for above asking in the past six months!

1.GRAVESEND $2,750,000
1959 East 5th Street GMAP (left)
2,049-sf, 2-fam house built circa 1920, says PropShark. Lot size=4,000 sf. Deed recorded 10/16.

2. BAY RIDGE $2,350,000
8423 Ridge Boulevard GMAP (right)
5,086-sf house with ground-floor commercial space. Lot size is a whopping 11,500 sf. Deed recorded 10/16.

3. BAY RIDGE $2,300,000
8019 Harbor View Terrace GMAP
Per listing, this is a single-fam with six bedrooms and five baths. Last sold for $1,525,000 in ’03. Deed recorded 10/14.

4. PARK SLOPE $1,540,000
566 10th Street GMAP
Listed for $1,499,000 when it was an Open House Pick this May. 2,574-sf, 3-fam house. Deed recorded 10/16.

5. PARK SLOPE $1,409,500
133 Sterling Place, Unit 4B GMAP
3 beds, 2.5 baths, 1,543 feet in all, according to StreetEasy. Purchase also included a parking spot. The active listings at the condo range from $850K to $1.5M. Deed recorded 10/16.

Photos from Property Shark.


Is Scarano’s sliver of a tower on Richardson Street in Williamsburg known as Luminous a “moldering, rotting turkey”? Well, it’s been on the market since November and, according to Curbed, “maybe 1” unit has sold so far. That’s one more than the Karl Fischer sliver next door, which has already gone rental. Given all the supply near the waterfront and the Bedford L, it’s no wonder these places on the far side of the BQE are having trouble.
CurbedWire: Empty Fingers in Burg? [Curbed]


Last time we checked in with this six-unit property, called “The Vanguard 6,” and before that “Six on Sixth,” it had switched from Aguayo & Huebener to Brown Harris Stevens, and from condo to cond-op. Prices ranged from $559,000 to $619,000. The building was the site of an unfortunate construction accident in 2007, and has its neighbor counting as a strike against it: it peers over the Prospect Expressway. But it has pluses: a roof deck, tax abatement, loft-like (yeah, yeah, you’ve heard it before, but lots of folks like that) layouts, and heat included in common charges. That’s not enough, apparently, to shed the developer of the remaining three units. They’re still for sale, priced between $599,000 and $649,000, according to Streeteasy. Each of them is a two-bedroom with 985 square feet.
Cond-Op of the Day: 639 6th Avenue [Brownstoner] GMAP
Condos of the Day: 639 6th Avenue [Brownstoner]


Check out that staircase! Very cool. This one-family house at 617 8th Avenue in Park Slope has lots of other things going for it too—original woodwork, lots of fireplaces, parquet floors—you know the drill. Some may count its location on an avenue as opposed to a side street to be a negative (though its proximity to Methodist Hospital is probably the more serious drawback). It’s a great house, though, and proof that a 16-footer doesn’t necessarily feel small. Now, about the price: What think ye about $2,595,000?
617 8th Avenue [Corcoran] GMAP P*Shark


This Scarano-designed development at 134 St. Marks Place in Park Slope has had tough road. In August 2007, the seven-unit building was slated to come on the market with The Developers Group; that fall Corcoran ended up bringing it to market, before the listings were yanked last spring. Now they’ve popped up again with Brown Harris Stevens. To date, just two of the units have gone into contract. The remaining five range from a 683-square-foot one-bedroom asking $495,000 to $849,000 for a 1,352-square-foot two-bedroom. Have any readers been inside the building?
134 St. Marks Place [StreetEasy] GMAP P*Shark
134 St. Marks Place [Brown Harris Stevens]
On Sale Soon: 134-136 St. Marks Place [Brownstoner]
Development Watch: 136 St. Marks Place


It’s hard to feel sorry for folks blessed enough to occupy rent-controlled real estate. But such apartments can be a bit of a curse; who can summon the courage to leave them? Well, the NY Times profiles a woman in “The Hunt” column of the real estate section who wished to break free of her $700, two-bedroom apartment in Midwood. LaVerne Walker is an accountant and frequenter of an investment club, and wanted to own for the tax deductions alone among other considerations. Her budget: $250,000, and, predictably enough, she couldn’t find a two-bedroom for that in Brooklyn. Moral of the story: move to Jersey City, where she got a three-bedroom for $230,000. Maybe she can see Brooklyn from there?
Life After Rent Control [NY Times]
Photo by mudpig.