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Here’s another bullish indicator for the blue-chip Brooklyn market. When 280 Hicks came up for Public Auction last October with an opening price of $2,000,000 it garnered nary a bid. When it was listed again last week with an opening price of $1,800,000, it garnered multiple bids and ultimately sold for $2,080,000. For a list of the other properties that sold, check out the list on the jump.
Public Estate Auction This Weekend [Brownstoner]

432 Halsey Street $450,000
199 Hancock Street $525,000
961 Lorimer Street $695,000
1167 Halsey Street $330,000
1035 E. 53rd Street $455,000
484 Greene Avenue $450,000
258 E. 28th Street $395,000
1395 Carroll Street $760,000
Versa Place, Shirley, NY $80,000


What's Your Take? Leave a Comment

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  1. “My house will sell for more than what i paid for it in 1.3 years. I think I could get pretty close to what i paid for it right now. You don’t really seem to know the market.’

    Metrics please..

    The What

    Someday this war is gonna end..

  2. Maybe but I’ll be living rent free once the mortgage is paid while your rent will increase every year until you get put in a nursing home.

    My house will sell for more than what i paid for it in 1.3 years. I think I could get pretty close to what i paid for it right now. You don’t really seem to know the market.

  3. We thought about living in it substantially as-is — I’d assume that this was purchased by a developer who will turn it into yet another over-the-top house (e.g. 135 Joralemon)

  4. As I noted before, the market for Brooklyn brownstones bottomed at the end of 2009.
    ————–

    Dave you know so little about bottoms that I don’t even believe you’re gay.

  5. I’ve seen photos of the interior so I know this place is a wreck but does anyone know the square footage? Or have a floorplan?

    Property shark says 2,800 square feet.

    But it also says 2 floors and a building of 25×75. 25×75*2 = 3,750.

    Anyone?

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