Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: PARK SLOPE 144 Park Place, Unit 4; Price=$215,000 GMAP This alcove co-op studio first hit the market a year ago asking $275,000, according to StreetEasy. Maintenance=$552. Closed on 3/26/09; deed recorded on 7/7/09. $250-$500K Range: BEDFORD-STUYVESANT 95 Lexington…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: PARK SLOPE
144 Park Place, Unit 4; Price=$215,000 GMAP
This alcove co-op studio first hit the market a year ago asking $275,000, according to StreetEasy. Maintenance=$552. Closed on 3/26/09; deed recorded on 7/7/09.
$250-$500K Range: BEDFORD-STUYVESANT
95 Lexington Avenue, Unit 2B; Price=$425,880 GMAP
This is a 1,011-square foot unit in the Lofts on Lex condo, according to its listing. It was listed for $469,000. Entered into contract on 5/22/09; closed on 7/1/09; deed recorded on 7/10/09.
$500-$750K Range: KENSINGTON
134 Tehama Street; Price=$665,000 GMAP
This is a 2,216-sf, three-family, according to Property Shark. It was asking $699,000. Entered into contract on 4/23/09; closed on 6/24/09; deed recorded on 7/7/09.
$750K-$1 Million Range: PROSPECT-LEFFERTS GARDENS
177 Maple Street; Price=$850,000 GMAP
When this 3-story limestone was a House of the Day in December it was listed for $929,000. Entered into contract on 3/5/09; closed on 6/25/09; deed recorded on 7/7/09.
Photos from Property Shark
the chicken,
I think I said enough about today’s HOTD on that thread–including loosing it a bit a few minutes ago in response to “Jumbo’s” nonsense 🙂
reduction from asking is minor consideration. No matter what the market some people will start with numbers that won’t or shouldn’t happen. Just in frantic buying time better chance someone might bite.
more importantly- What are comps for sales on the block or area in past couple years ?- taking into consideration condition/detail and sq footage.
I don’t know enough to say…but my impression is that is a bit weak compared to past but not by much(smaller house, not the wow detail we see in many of PLG houses).
And I also don’t think any major change since this went into contract. If anything sales could have been slightly more robust…since panic of credit markets subsided.
Gloom and doom is less the media headline.
“It’s sale at this price (a 9.15% reduction) bolsters my anecdotal observation that Lefferts Manor house prices are holding up much better than I’d have expected a few months ago.”
Actually, the house was originally listed at 950K, so this is slightly over a 10% reduction from the asking price. Also, this house closed in March, which was a long time ago as far as the market goes. I would bet it would sell for a lot less now.
Bob,
what do you think of today’s HOTD then?
RE: “DeadCatBounce’s” question, one of the ’20s Maple Street houses was an open house pick last week:
http://bstoner.wpengine.com/brownstoner/archives/2009/07/open_house_pick_282.php#comments
I looked at the Park Place studio about 6 months ago and I believe it was asking 220k back then. So, looks like the owner didn’t do so badly once he/she adjusted expectations.
It was a nice place, but seemed really small. The awkward kitchen contributed to that, I think…
Anybody know what those 1920s houses on Maple Street go for?
this aint stocks where guessing (way in advance of the actual event) the timing on when a bottom is reached matters that much in the final calc of profits / losses. when real estate prices go up and the volume is decent, then you can speculate if the bottom has just passed – which would still be super duper time to buy then. Until prices go up, it’s anyone’s guess when and how far down is the bottom. With real estate prices still expensive on an absolute basis (ie big stacks of $$$$), dont guess but rather see it to believe it then go pull the trigger
I think that was a fair price for what is one of the smallest Lefferts Manor houses with a decent, but not high end, renovation.