Another Record Sale in Gravesend?
We’re not yet halfway into the year, but the sale of a Gravesend house that was just recorded in public records could very well end up being Brooklyn’s priciest residential transaction of 2011. The single-family at 451 Avenue S, which PropertyShark reckons weighs in at 2,914 square feet, sold for $10,250,000. Simply on a price-per-square-foot…
We’re not yet halfway into the year, but the sale of a Gravesend house that was just recorded in public records could very well end up being Brooklyn’s priciest residential transaction of 2011. The single-family at 451 Avenue S, which PropertyShark reckons weighs in at 2,914 square feet, sold for $10,250,000. Simply on a price-per-square-foot basis this has got to be one of the biggest sales ever in Brooklyn history, though for total dollars it trails other Gravesend sales like 450 Avenue S, which sold for $11,000,000 in 2003, and 2111 East 2nd Street, which sold for $10,260,000 in 2009. And, of course, there are some Brooklyn Heights properties in the borough’s $10 million+ club, like 88 Remsen Street, which sold for $10,800,000 in 2008. Even still, Gravesend remains a world of its own when it comes to prop values. GMAP
Photo from PropertyShark.
antidope, think they’re asking Mr B for your IP # now as “they” would like to have a “talk” with you on the above post
slopefarm with the sane head prevailing, however, if i were a young prosecutor looking for a high profile case, i’d consider starting with some of these sales. i’d be thinking where there’s smoke there’s fire…money laundering comes to mind as a distinct possibility.
Thanks, slopefarm. First time it was explained to me. Appreciate it.
OK, do we have to explain this all over again. This is an enclave of wealthy and observant Syrian jews who place a very high premium on being able to walk to shul from home on Shabbat and holidays. They have enough money to spend this kind of dough for the privilege and it has nothing to do with market factors outside the community. So, yeah, better value in Montclair, but not if you have to walk 20 miles to shul.
The true market value of any property is what someone is willing to pay for it.
I wish my parents had bought a house in eastern Gravesend 50 years ago, instead of the western part. Back then the eastern half was only slightly more well-to-do, but now it is the site of the uber-wealthy Syrian community. If they had, I’d by sailing on a yacht right now.
SYs living large and brownstoners hating. I think I’ve read this thread before.
“I can understand a neighborhood being expensive, but we’re talking about over $3,500 per sq/ft. ”
ppsf means nothing in gravesend.
MrMisto – proximity to Syrian jewish synagogues, familes, friends etc.