40 Joralemon Closes Near Ask
This hasn’t hit public records yet but a little birdie just told us that the house at 40 Joralemon Street, which had hit the market originally with Corcoran in 2008 asking $2,790,000 and then with Brown Harris Stevens last September with a price tag of $2,300,000, closed last week for $2,250,000; the listing has been…
This hasn’t hit public records yet but a little birdie just told us that the house at 40 Joralemon Street, which had hit the market originally with Corcoran in 2008 asking $2,790,000 and then with Brown Harris Stevens last September with a price tag of $2,300,000, closed last week for $2,250,000; the listing has been removed from the BHS website. The pricing widget, which came in at $1,892,273, was off by almost 16 percent, at the high end of its usual margin for error. GMAP
The owner didn’t need to consult the widget, he pegged the price right the first time (see my earlier comment: the FSBO price a year ago was $2.275 million.)
His problem was he tried to go FSBO, then switched to Corcoran, then switched to BHS. He should have just picked BHS to begin with.
This is informative to today’s HOTD. You need to pick the right price, and the right marketing, to get the deal done.
“…if the owners had consulted the widget in the first place they might have sold it earlier, no?”
That’s a funny thought.
Not to nitpick but the widget was off 16%, but the sold price was off 20% from the original ask.
The widget is the brownstoner version of a futures contract, and if the owners had consulted the widget in the first place they might have sold it earlier, no?
The real question is can we get a synthetic CDO based on the widget? Can brownstoner create a widget exchange to bet on?
Brickwork is less than perfect. But, it’s Joralemon Sreet.
The house across the street, and a few doors closer to the BQE, sold recently for under 1.2M, I believe.
It’s larger than this home, but needed a gut.
Architects? Brenda Nelson & Tom van den Bout (NV/da), the same that recently won a Lucy (for 36 Grace Court) from the NYC Landmarks Conservancy.
What is the widget’s usual margin of error, Mr. B? It is just me or for the last few weeks many closed sales in your “Biggest sales of the week” section have been coming pretty close to the widget? To the point that good ol’DIBS said that the widget is improving, while others alleged that “It is the economy, stupid!”. I think 16% off is an anomaly for the widget, and not just the “high end” of its usual margin of error. What’s the average margin of error: 5% to 8%?
It prolly benefited from being the lowest price point for a turnkey house in Brooklyn Heights and the upcoming opening of Pier 6. Looks like this block is getting a lot of action recently since the new house next door just sold for a shade under $3mil. I agree that it is a charming block although BQE proximity and subway rumbles are a negative in my view.
i love this block. and columbia place is great — totally bumping on the weekends w/ iris cafe, the garden, and playground. wonder if the OBBP haters think this is also “remote” as it’s only 1.5 blocks away.