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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


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  1. Kensingtonian,

    You are correct…Argentina still has some serious economic and political issues. Their economy essentially collapsed back in 2000-01 and the value of their currency was significantly devalued. Argentina used to be one of the most expensive countries in the world…now…not to much. If you speak with the people there, they definitely have a lot to say on the issues, but to make up for the problems, it seems that the people have really come to live each day as if it’s the last, which is something I really appreciate. People are out all hours even during weeknights, the restaurants are packed at midnight and the nightlife (which I find to be utterly boring in NYC) is incredible there.

    P.S. It’s not just the men who are beautiful…the women are EQUALLY stunning!

  2. 11217, thanks for the input. Do they still have gov’t issues as well as economic ones? I used to work for a small law firm that specializes in foreign trust and estates and most clients we had were either Brazilian or Argentinian. We had a couple of Argentinian clients who visited in 2000 and said you could literally pick up a million dollar apartment in Buenos Aires for 100K back at that time because the gov’t froze bank accounts for sometime to stabilize economy and wouldn’t let people take out large amounts of cash. You could only write checks for rents and such. So a lot of rich people who sat on real estate would sell at a fraction of the value just to cash out. Our Partners put a venture capital together and bought a whole bunch of real estate in Argentina. I left before I could find out how that panned out.

    I gotta agree with you on the Argentinians being a good looking clan (eventhough I know we play for different teams).

  3. that 300 sft place is smaller then some jail cells, no joke. Just go break the law and you can have a place this size for free and free cable. 205 thousand for a cell in Brooklyn, this one will be discussed in case studies for years

  4. Kensingtonian,

    I’m still working on my Spanish…I wouldn’t call myself fluent yet, but I’m improving. Buenos Aires is just an amazing city…I’m such a New York lover, but I almost like it more than here. Real Estate there is super cheap…a 1 bedroom in a really nice area can be had for 100 – 150K (I’ve even seen some viable options for 80K). I’m in the Palermo district of BA with a ton of shopping/nightlife and restaurants…most with outdoor cafes…something I wish we had more of here. I couldn’t be more pleased. It’s an incredibly vibrant city with amazing food, architecture, nightlife and the people are absolutely STUNNING! I can’t reiterate that last point enough…it’s actually shocking how beautiful the Argentinian people are. It’s the perfect mix of European and Latin cultures.

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