Park Slope Prices 10 years ago
Hi, Out of curiousity, could someone tell me ballpark figures for what brownstone s in Park Slope were selling for about 10 years ago, in 1998? Or a website where I could find this information? I know this varies quite a lot depending on the property, but basically interested in an average Park Slope brownstone…
Hi,
Out of curiousity, could someone tell me ballpark figures for what brownstone s in Park Slope were selling for about 10 years ago, in 1998? Or a website where I could find this information?
I know this varies quite a lot depending on the property, but basically interested in an average Park Slope brownstone on one of the better blocks.
Thanks for any information
We bought in ’94 and the exact “sister” house to ours just sold for 7x what we paid. Of course I remember looking at wood frames in Greenwood Height in 2000 that were hopeless wrecks. Same houses are now selling to developers for 700k as tear downs. Go figure.
That price (248K) sounds about right for a fixer-upper on President Street.
I bought my 1BR in prime North Slope in 1995. I spent a lot of time shopping around, and found one in a nice building for 47K. There were a lot of good options available in the 45K-65K price range.
My friend bought a President Street 3-story house around the same time (1995) for 260K.
I don’t really understand this. I remember looking at co-ops in 93 and a two bedroom coop, either a floor-through of a brownstone or a proper apartment in a larger building, was in the range of $180-$250k. How could an entire brownstone have been $248? At that time we ended up staying in Manhattan because prices for two bedrooms were roughly equivalent in Park Slope and Morningside Heights–though of course in Park Slope you generally got outdoor space or something extra (ie parking) for your 200k.
I bought my Park Slope house in 94. Some of the more affordable brownstones were in the $300’s and $400’s. This was well out of our range. The only brownstone in prime Slope we looked at was a 4 family on President for $248. Alas, even that was too pricey.
Bought a house in ’97 on Berkeley Place and 7th for 995K.
Sometimes I don’t get why people say that prices went nuts in such a short amount of time. Even 11 years ago, parts of Park Slope were already quite expensive. It seems to have been a more gradual price appreciation than other neighborhoods.
I think at that time you could get a house in Prospect Heights for around 200K and in Bed Stuy for free practically, so those neighborhoods (and others) it seems as though prices went from zero to the stratosphere almost overnight.
Looked at many Brownstones between 8th and the Park around 1994. Many were in the 500 to 700 range. Ended up buying a two family brick for 230 on very nice block in SSlope.
I saw a wreck at 25 Montgomery place that was a double wide (40+ feet wide) but needed a GUT renovation and had other issues (SRO w tenants) going for 365k i think — today i think it has gone coop or condo but it would be worth upwards of 4 million… It was the prettiest house I have ever seen.
When I was house hunting in 1998, Slope prices were already pretty stiff compared to the surrounding areas. PPW brownstones were already selling for $1+ mil and even “eh” houses were in the $600k range. I took my money to north Bay Ridge, and just in time to see it get nuts here too.
Remember that the lines of park slope then were not the same as now. There were much bigger differences between north, center, and south slope (and greenwood heights which has been swallowed up as south slope). Also the 6th ave barrier used to be much stronger too. As 5th ave has developed, there are many who now prefer the blocks between 5th and 6th ave and even 4th and 5th to those closer to the park which were so much more valuable in the past.
You can pick addresses on blocks of interest to you and look them up on propertyshark.com. If you scroll down, they’ll display sales prices and dates of nearby homes. Look for one sold in that period.