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.
I can understand a neighborhood being expensive, but we’re talking about over $3,500 per sq/ft.
i love misinformed posts about gravesend from people who think the world revolves around brownstone brooklyn. OMG – it’s expensive and not in park slope – it must be fraud!!
mcK — what’s corrupt about this sale?
So what’s so great about this location? Proximity to Coney Island?
all smoke and mirrors and inside trading and lies.
brooklyn real estate is a corrupt industry -if one can call it an industry- it is more like a confidence racket.
queue Dave to be “shocked, shocked” that anyone could harbor such thoughts.
Montclair high school is lame. Better to get off the train one stop nearer to Penn – Glen Ridge.
This is how real estate works – location. If the location is important to you and you have the cash, and its important to others, and they have the cash, then prices go up and up as you compete. Its no different from Brooklyn Heights in that respect. Its just that BH has a broader, secular appeal.
zillow is worthless for hoods like this. As astonished as you two are to the pricing, zillow is just as astonished or even more. However, the facts are significant and the facts point to it being the consistent price champ of BK
Doesn’t this seem suspect to anyone? According to Zillow, at the peak of the housing bubble this place was estimated to be worth around $1.7 million. It’s currently estimated at $2.5 million. I can’t help but think something fishy is going on.
fall back brownstone brooklyn. I dont care if you’re BK Heights, BoCoCa,…., FALL BACK!!!!!!! Make way for the CHAMP