Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: KENSINGTON 207 Ocean Parkway, Unit 6J; Price=$208,000 GMAP This 1-bedroom co-op was listed for what it went for, according to this PDF. Listing said it was “fully renovated.” Maintenance=$375. Closed on 7/20/09; deed recorded on 7/24/09. $250-$500K Range:…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: KENSINGTON
207 Ocean Parkway, Unit 6J; Price=$208,000 GMAP
This 1-bedroom co-op was listed for what it went for, according to this PDF. Listing said it was “fully renovated.” Maintenance=$375. Closed on 7/20/09; deed recorded on 7/24/09.
$250-$500K Range: WINDSOR TERRACE
135 Prospect Park Southwest, Unit 12F; Price=$390,000 GMAP
This 1-bedroom was asking $399,000 when it was a Co-op of the Day in May. The maintenance is $458. Closed on 7/17/09; deed recorded on 7/24/09.
$500-$750K Range: CROWN HEIGHTS
1201 Union Street; Price=$663,000 GMAP
This wide 2-family was asking $719,000 when it was a House of the Day last November. Entered into contract on 2/13/09; closed on 6/1/09; deed recorded on 7/22/09.
$750K-$1 Million Range: GREENPOINT
82 Norman Avenue; Price=$775,000 GMAP
This 3-family was initially listed for $995,000 last December and was said to need TLC. Entered into contract on 4/12/09; closed on 7/2/09; deed recorded on 7/20/09.
Photos from Property Shark
I’m talking about a 1920s apt of 1100 square feet or more with fireplace and elevator with two bedrooms in Jackson Heights for $375,000 or $400,000. They were $550,000 at peak. You can get a three-bedroom walkup of 1200 sf there for about — well, I don’t know what they are now. At peak they were about $350,000.
You brought up Jackson Heights is closer to Man which I agree is 1 key driver for ppty value. I counter Forest Hill has better schools which is another key driver. My opinion doesnt represent everyone but the mkt has voted and it’s placing higher prices for Forest Hills.
BTW, forest hills to midtown is around 30 minutes by train – not a bad commute at all even if jackson heights is shorter commute.
The best schools in NYC are in far northeastern Queens. Want to live there?
Forest Hills has much higher rated schools, better crime stats,… if proximityt o Man is the be-all then LIC must be the #1 hood for Queens
Jackson Heights is MUCH closer to Manhattan than Forest Hills, and MUCH MUCH closer than Kew Gardens.
i think it’ll be interesting to see over the entire run of this downturn how places like WT will compare to places like CH and south/east Wburg (Prospect Heights seems somewhere in the middle). it is possible that once the market bottoms out (whenever that is), the places with more speculation would be the places to buy, because all of the negative hype might artificially push those prices down, just the way the positive hype artificially inflated them.
(also 11217 – haha)
Forest Hills aint much. But Forest Hills Gardens – there’s some nice houses there.
I think that is a fair point about WT prices never really booming (until maybe the past year, there have been some recent asks that looked bubble-y) and thus prices remaining pretty stable. Also, not a huge glut of development really, it is mostly small houses with prewar buildings along the park. And the school is good, which seems to be an important factor in real estate these days.
…Sorry, it was Kew Gardens. Still, Kew Gardens vs Jackson Heights? KG by 1st round knockout.
***Bid half off peak comps***