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.
Sounds like you guys want to punish an asinine broker by denying yourself a shot at a home you like.
When I was in the market I bid on a few houses with brokers I didn’t like. I just assume they are all shady so I won’t be surprised later on.
i would think bottom fishers like you guys would love a stupid broker that overprices a property and scares off the competition. broker would have a duty to deliver your offer, which by the way costs you ZERO to make. if broker fails then you’ve discovered a fraud at ZERO cost. but what if broker actually dissuades other bottom fishers and delivers your offer and there are no others and the seller experiences an event or already feels s/he must sell?
if you’re trolling around at the bottom of the sea, things have to line up and break your way. they’re not gonna fall in your lap through a solid, above board, full commission brokerage house.
adament broker = moving onto next ppty.
I dunno.. If a broker were so adament I wouldn’t waste my time because would sound like would recommend to seller to refuse. A too high asking price will discourage people.
I’m with MR. Serious buyers would probably be careful not to waste time and money unless they thought a deal would close (and shady brokers are part of the calculation), but to not even consider an offer…
Do people really decide not to submit a bid on a house that they like and plan to live in for years because of a bad moment with a broker?
Seems kind of silly and petty.
I think 729K renovated cost may be right – there’s another one for sale now on east 3rd for about 629K that needs TLC in the old but functioning category. 100K doesn’t go that far, and you’ll need a lot of excedrin.
Tara, can’t comment on the renovation, except that from outside it looks like they were just patching things up. I haven’t seen inside post-reno. As to what it could cost – this is a question for an engineer. The house was in a bad shape, as I said, everything was original and it did not look well cared for. In cases like this you never know what kind of structural problems there may be.
Don’t know re: comparables. I know that houses that need TLC have been selling for 500s-600s, but there is a whole spectrum between “old but functioning kitchen/baths” and “uninhabitable”. This one, however, is (IMHO) in a very good location.
MM- are you pulling our legs? 900k for that house is more per sq ft than a 1.4 house in prime ps that you are waiting for. circle doesn’t square.