Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: PROSPECT-LEFFERTS GARDENS 310 Lenox Rd #2N; Price=$90,000 GMAP This is a 1-bedroom co-op, according to StreetEasy. It was asking $105,000. Maintenance= $416. Closed on 8/7/09; deed recorded on 8/17/09. $250-$500K Range: BUSHWICK 1491 Putnam Avenue; Price=$425,000 GMAP A…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: PROSPECT-LEFFERTS GARDENS
310 Lenox Rd #2N; Price=$90,000 GMAP
This is a 1-bedroom co-op, according to StreetEasy. It was asking $105,000. Maintenance= $416. Closed on 8/7/09; deed recorded on 8/17/09.
$250-$500K Range: BUSHWICK
1491 Putnam Avenue; Price=$425,000 GMAP
A 3,300-sf, 2-family house, according to Property Shark. A listing on Zillow said the property, which was asking $469,000, has been with the same family since it was built in 1910 and that it “needs renovations.” Entered into contract on 5/15/09; closed on 8/3/09; deed recorded on 8/20/09.
$500-$750K Range: COBBLE HILL
344 Degraw Street #4A; Price=$599,000 GMAP
This is a 871-sf, 2-bedroom condo, according to StreetEasy, which says it went for asking. Entered into contract on 6/3/09; closed on 8/7/09; deed recorded on 8/18/09.
$750K-$1 Million Range: SOUTH SLOPE
403A 18th Street; Price=$760,000 GMAP
This 1,398-sf, single-family was listed for $799,000 in early May. Entered into contract on 6/3/09; closed on 7/14/09; deed recorded on 8/21/09.
Photos from Property Shark
aysataba, unfortunately, my experience is with coops, so I am not sure. In fact, I don’t understand why the condo has to specifically accept FHA loans, but that’s what someone said on this site. I know condos don’t have specific requirements for how much you have to put down like coops do (though occasionally there are coops that allow 10 percent down). So I guess I would recommend just looking at condos you like and asking if they take FHA loans. Some of the fancy condos in Williamsburg advertise up front that they take 3.5 percent FHA loans and will wrap the closing costs in. Of course, they’re not $80,000, unfortunately.
Hi Joe! How are you?
The area at Myrtle/Wyckoff *above* Myrtle is awesome. (Also around Dekalb.) Not much available there, however. I did see a three-family and a two-family both in Ridgewood at this stop that I would recommend. Don’t know if either are still available. I think both were on Grove and no more than two blocks or so from Wyckoff. Both were around $600,000 — maybe the two family would come down some. And there’s that four-family by NEK that’s gotten some attention on BushwickBK.
Are you expanding your empire?
We are moving to Broadway on the JMZ in the next month or two. I will really miss this area so much.
Mopar or anyone who wants to answer,
I have questions in follow up to your comment to Rob about finding condos that take FHA loans. How do you do that? Do you just look at condos that you like and ask if they accept FHA loans? Or is there some list somewhere of all the condos that accept FHA loans?
Thank you!!
Hi Mopar,
I was waiting to see if you had any thoughts on this house. I’ve always liked these brick houses and this one is really close to the Myrtle/Wyckoff L station. I guess if a wreck is going for $425K and probably needs everything (kitchen, baths, elect., plumbing, boiler, roof) plus all the cosmetics, your probably looking at around $100K for reno. Makes me wonder if I should start looking again. Any thoughts on where things are going in this corner of Bushwick?
antidope gets the post of the day. funny!
gee, you folks are right. How time flies.
Yet price this new person paid is exact same as year ago on same line in bldg. So not seeing example of tumbling prices.
also – I guess this is a bldg that would not be allowed under new zoning proposals (too tall?)… yet I don’t see how this bldg has destroyed block or ‘hood like all the screamers claim. Not that it is pretty bldg. But just not some disaster or whatever,
Pretty funny.
Antidope, you’re posting prematurely or you’re in pre-emptive mode today. The usual cast hasn’t showed up yet
The Slope house is one ugly duckling.
Although it could get a makeover, a facadectomy for about $50,000 which is what the average kitchen re-do costs.