Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: PARK SLOPE 133 8th Avenue, Unit 1A; Price=$205,000 GMAP This studio’s listing said it’s about 300 square feet, has a “very low maintenance,” and lots of closet space. Closed on 5/26/09; deed recorded on 6/9/09. $250-$500K Range: DITMAS…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: PARK SLOPE
133 8th Avenue, Unit 1A; Price=$205,000 GMAP
This studio’s listing said it’s about 300 square feet, has a “very low maintenance,” and lots of closet space. Closed on 5/26/09; deed recorded on 6/9/09.
$250-$500K Range: DITMAS PARK
385 Stratford Road; Price=$380,250 GMAP
A 1,688-square-foot, 1-family house, according to Property Shark. Entered into contract on 4/9/09; closed on 6/2/09; deed recorded on 6/9/09.
$500-$750K Range: BUSHWICK
74 Pilling Street; Price=$605,000 GMAP
This 3,300-square-foot, 2-family house last sold for $600,000 in 2006, according to Property Shark. A foreclosure auction was scheduled for it last year, which likely explains the closing date. Entered into contract on 5/15/08; closed on 6/20/08; deed recorded on 6/12/09.
$750K-$1 Million Range: SOUTH SLOPE
515 5th Avenue, Unit 7D; Price=$752,000 GMAP
This 1,110-sf, 3-bedroom in the 5 One 5 condo was first listed for $995,000 last April, according to Street Easy. Entered into contract on 3/4/09; closed on 4/14/09; deed recorded on 6/8/09.
Photos from Property Shark
Heather, that would be fun if you were looking in Bed Stuy too. But where you live is very nice, especially with kids.
i see no point in buying a studio apartment unless i’m an orphan and never had any family, or dont plan to have much of a social life. i think only introverts buy studio apartments.
I’m very dubious of the high end in those neighborhoods, I guess. I don’t really have anything more than a gut feeling to gage that on though, so… as I said, you know the market more than I do. Regular old Bet Stuy though, I think, is where the bargains are. I kinda wish we were looking.
That is prime not good Bushwick, almost East New York.
Ocean Hill has had two sales in the $600s, two in the 300s, and one in the 400s lately. So who the f*ck knows.
Regular old Bed Stuy — I’m not up on closed sales. I know that ask ranges from $500,000 to $600,000 for a two-family brownstone right now. The nicer properties are more but I’m not as familiar with them because they’re out of our price range.
You know the market better than I do, mopar, but if houses in Bed Stuy are now $400K (and some are, although I’m not sure if this is due to distressed sellers or a real price point — haven’t looked that closely at it) — then wtf is Bushwick doing at $600K?
I know at the height of the market that price wasn’t out of line at all, but in this market… is it still good? That’s not prime Bushwick, correct?
Heather, why do you say that? I didn’t look at Property Shark. Is there a wacky convoy of parties of two selling to each other the same day over and over? Price is not that out of line.
Bushwick is mortgage fraud? I think, anyways. Not to malign the buyer, seller or neighborhood, but that’s the only way I can explain it.
Mortgage fraud or some overly enthusiastic foreign buyers who didn’t get “the sky is falling in North Brooklyn” memo.
I feel like I just stumbled into the OT instead of <1M$.
Oh my, lol.
Dibs, I think that Ft. Greene place sounds perfect for us. We could stoke the coal fire whilst heating the water to bring up by pail to the freestanding tub under the basement attic crawl space.