Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: SUNSET PARK 466 49th Street, #4; Price=$110,000 GMAP This 550-sf, 2-bedroom co-op was originally listed for $135,000 in April, according to StreetEasy. Maintenance=$275/month. Closed on 8/28/09; deed recorded on 9/15/09. $250-$500K Range: GREENWOOD HEIGHTS 643 6th Avenue; Price=$300,000…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: SUNSET PARK
466 49th Street, #4; Price=$110,000 GMAP
This 550-sf, 2-bedroom co-op was originally listed for $135,000 in April, according to StreetEasy. Maintenance=$275/month. Closed on 8/28/09; deed recorded on 9/15/09.
$250-$500K Range: GREENWOOD HEIGHTS
643 6th Avenue; Price=$300,000 GMAP
This is an 884-sf, 2-family, according to Property Shark. Entered into contract on 4/21/09; closed on 9/3/09; deed recorded on 9/14/09.
$500-$750K Range: WINDSOR TERRACE
279 Prospect Park West, #2A; Price=$595,000 GMAP
This is a 1,196-sf condo, according to Property Shark, divided thus: main floor is 900 sf; smaller upper level has bedroom; and above that is a roof deck. The condo was first listed in the mid $600,000’s, but by the time it wound up here was asking $599,000. Entered into contract on 7/28/09; closed on 9/11/09; deed recorded on 9/17/09.
$750K-$1 Million Range: PARK SLOPE
323 7th Street; Price=$850,000 GMAP
This is a 2,346-sf, 3-family house, according to Property Shark. There’s no listings trail, but it was definitely an estate sale. Entered into contract on 7/9/09; closed on 8/26/09; deed recorded on 9/17/09.
Photos from Property Shark.
The Sunset Park apt is not a subdivided 1BR, but a 2BR. You can see the floor plan here: http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1537475 Yes, the rooms are small, but the floor plan is pretty good. It’s not one of the famous Finnish co-ops as this co-op was erected in the 1950s (if I remember well). There are shares etc. Reason that it’s “all cash” is because the co-op doesn’t have proper insurance.
M4L:
True … but didn’t I specifically exclude all wacky transactions outside the boundaries of my preconceived notions of value? 🙂
Seriously though, maybe I should have rephrased to include only deals available to the “general public” … not sales to family members and the like. Not sure if this was that type of deal but seems likely given the price. If this WAS listed somewhere, Muffett is bummin’.
I think the 6th ave house is an inside sale. They have just been doing a lot of illegal work on it for the past 6 months.
Kens, the Gramercy apt was inexpensive for the time. It was a sponsor unit and in not-great condition.
Mr Joist, if that 7th st house is a few houses over, it would be within the boundaries of our $1k wager. Told U, all it takes is a whacky transaction
Park Slope 323 7th Street seems cheap. What gives? Estate condition + no broker listing = under market sale? Zillow has it at $1.15 and they are not known to overestimate townhouses.
Mopar, the price on the Gramercy Park place sounds awfully low for 1998. I was looking in 96-97, and 1 bedrooms in that area were in low 100s (in estate condition) and higher if renovated; and that’s without the keys to the park. There must have been something wrong with the building (a crazy maintenance?) or maybe she was a tenant and got an inside price on the coop when the building converted.
M4L, you are correct on that part. My friend mentioned that her building is working with an attorney to form a proprietary lease and then might look into the legal process of issuing shares.
Bad link on Windsor Terrace, by the way.
Try …
http://propertyshark.com/mason/nyc/Reports2/showsection.html?propkey=137785