Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: BAY RIDGE 7423 Ridge Boulevard, #1H; Price= $125,000 GMAP This studio was listed for $135,000 in April, according to StreetEasy. Maintenance=$369/month. Closed on 10/9/09; deed recorded on 10/16/09. $250-$500K Range: PARK SLOPE 943 President Street, #2R; Price=$460,000 GMAP…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: BAY RIDGE
7423 Ridge Boulevard, #1H; Price= $125,000 GMAP
This studio was listed for $135,000 in April, according to StreetEasy. Maintenance=$369/month. Closed on 10/9/09; deed recorded on 10/16/09.
$250-$500K Range: PARK SLOPE
943 President Street, #2R; Price=$460,000 GMAP
This 2-bedroom co-op was first listed for $549,000 last September. Its price was cut a couple times, and it was last listed for $475,000 in May. Maintenance=$659/month. Closed on 10/6/09; deed recorded on 10/14/09.
$500-$750K Range: KENSINGTON
246 East 5th Street; Price=$729,000 GMAP
This 1,772-sf house was flipped by a seller who bought it for $375,000 in an estate sale earlier this year, according to Property Shark. The sellers renovated, according to the house’s listing, and were initially asking exactly what the property sold for. Entered into contract on 7/30/09; closed on 10/7/09; deed recorded on 10/16/09.
$750K-$1 Million Range: WINDSOR TERRACE
8 Fuller Place; Price=$900,000 GMAP
This 1,452-sf, single-family was listed for $1,275,000. Entered into contract on 6/29/09; closed on 10/7/09; deed recorded on 10/16/09.
Photos from Property Shark.
Park Slope apt: The co-op board rejected an all-cash buyer before the second price cut.
[with conviction]
OK!
Benson – I meant the gap between ask[ing prices] and sell[ing prices] is quite large in many cases these days. Is that clearer? I think many asking prices are based on comps that were during the bubble, and thus turn out to be much higher than what the properties sell for. That in turn, means that comps start to change over time. Example: Let’s say a house, A, sold in 2008 for $2 mil. Then, house B which is similar (size, location, condition) to house A, goes on market in 2009 for $2mil also. But house B ends up selling say for 1.7. Then another house, C, which is similar to A and B, goes on market after B sells, so B is closest comp. So the correct ask for C might be, say 1.8 (anticipating some negotiation since very little, if anything, is going for ask these days). But in a deteriorating market, C may only wind up selling for 1.6. And so on. So, the comps get “re-set”. I actually have lots of work today so hope this is clear enough for now – back to work!
antidope, save some for tomorrow. we’ll exchange some more blows then
i’ve decided you’re not a serious buyer. i’ve decided you’re a talker. there, i’m being more decisive. thanks for the suggestion.
only see you in my scope.
why you complaining? you like to solicit reactions with your frequent “you’re not serious buyers”, “bottom fishers”, …. I gave you the reaction you’re soliciting and now you’re complaining. beyond having some conviction, be more decisive.
i note the storm downgrade from
“leave the action on the field to the real professionals”
to
“us actively participating in the mkt”
never said i was more of an expert; my opinion is just about the opposite: the market today is the best indicator of price. not my opinion about where they are going and not your’s or mm’s.
no other renters on this site have offered an opinion about r.e. purchases? pls. what about happy long-time owners not currently shopping? again pls. and those kings that were owners but sold at peak and are now renting. ppuuuuhleeease.
PLS NOTE ALL THOSE THAT ARE NOT ACTIVELY HOUSE HUNTING ARE HEREBY REQUESTED TO CEASE AND DESIST (FROM BUGGING A CERTAIN M4L). or perhaps you were just aiming at me. 😉
MM is MM. I’m my own person.
you have your opinion and I have mine. just like you keep saying we aint serious buyers, bottom fishers, etc, I like to say you’re an uninvolved sideline commentator who is not more of an expert than us actively participating in the mkt
you continue to jump to (wrong) conclusions.
if you read carefully, you may understand that you sound defensive. how come even mm doesn’t take it so rough? btw, the comment was pretty darn benign.
if i read carefully, i see you throwing out weak-ass and now redundant insults (216, 323, 415) at a cyber-name. geez. like you’re struggling to fight yourself out of a paperbag.