Residential Sales in Brooklyn
WINDSOR TERRACE $350,000 651 Vanderbilt Street 1-bedroom, 1-bath, 800-sq.-ft. co-op in a postwar building; elevator, renovated eat-in kitchen with windowed dining area, renovated bath; laundry facilities in building; maintenance $539, 29% tax deductible; listed at $359,000, 10 weeks on market. Broker: Orrichio Anderson. P*Shark PARK SLOPE $1,366,000 428 Fifth Street 2-family, 3-story brownstone; 3 bedrooms,…
WINDSOR TERRACE $350,000
651 Vanderbilt Street
1-bedroom, 1-bath, 800-sq.-ft. co-op in a postwar building; elevator, renovated eat-in kitchen with windowed dining area, renovated bath; laundry facilities in building; maintenance $539, 29% tax deductible; listed at $359,000, 10 weeks on market. Broker: Orrichio Anderson. P*Shark
PARK SLOPE $1,366,000
428 Fifth Street
2-family, 3-story brownstone; 3 bedrooms, 11-ft. dilings in primary unit; 2 bedrooms in top-floor unit; 1 bath, original detail in each; 18-by-100-ft. lot; taxes $2,620; listed at $1,399,000, 3 weeks on market. Broker: Orrichio Anderson. P*Shark
BOERUM HILL $745,000
307 Warren Street
1,080-sq.-ft. 5-year-old town-house condo; renovated kitchen and baths, fireplace, cherry floors, skylight, c/a/ private roof deck; common charge $182; taxes $624 (abated); listed at $749,000. Broker: Citi Habitats.
Residential Sales [NY Times]
First two items from the print edition of yesterday’s New York Times.
FH Dad,
You think $570 a sq ft for ‘estate condition’ house in that location is evidence of eroding prices?
I’ve been looking for a place in Park Slope for a while and have been doing my homework.
I looked at this house with Anna Anderson of Orricho in July of last year. The price was listed as being recently reduced to $1.39M. It was listed again in October.
I think the selling price was fair to a bit high. Given how long this property was on the market, my take is that selling prices will continue to erode.
Not a bad return for 307 Warren Street. ACRIS shows it was purchased for 571K less than 5 years ago (if I guessed correctly on the unit number). A roughly 24% percent appreciation within a 3-4 year period (the actual sale was in 2006).
I used to think the brokers lied too but someone on the site told me, and it turns out they’re right, that if there has been a reduction or any change in the price, the broker can list the sale date from the price change. So even if the house was on the market for year, if they reduced by 10G and the house sold that week, they can say “One week on the market”. Tricky, no?
That said, they probably still fudge it too!
It amazes me how the realtors blantantly lie when reporting the time a house was on the market. I wonder why???
Isn’t it obvious, it makes them look better to potential sellers. Like, wow, this broker sold the house very close to the asking price in less than a month – let me go hire them.
I attended an Orrichio Anderson open house for the Park Slope house last summer.
It’s been on the market a *lot* longer than 3 weeks.
The house on 5th Street was not on the market for only 2 weeks. I went to an open house last spring in which Orrichio Anderson was showing it. It amazes me how the realtors blantantly lie when reporting the time a house was on the market. I wonder why???
What do people think of the price for the 5th St. house? We saw it and it was in estate sale condition – it had basically been cared for, but there weren’t a lot of details left and it was obvious that the plumbing and electrical hadn’t been updated since the ’60s at least. It’s on a nice block in center slope but is on the PS 39 side. Considering that it’s a 3 story needing major reno, would the sale price be considered a bit high-end?