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Some of the sales recorded last week that went for $1 million or less:

$250K or under: BAY RIDGE
345 Bay Ridge Parkway, #2F; Price=$203,500 GMAP
This is a newly renovated 1-bedroom, according to its listing. It was asking $209,000. Maintenance=$465/month. Closed on 11/4/09; deed recorded on 11/10/09.

$250-$500K Range: CLINTON HILL
365 Clinton Avenue, #10C; Price=$459,000 GMAP
This 1,000-sf, 2-bedroom unit in the Clinton Hill Co-ops was first listed for $585,000 last summer, according to StreetEasy. The price was cut several times until it was asking $489,999 in June. Maintenance=$957/month. Closed on 10/27/09; deed recorded on 11/13/09.

$500-$750K Range: KENSINGTON
626 East 8th Street; Price=$605,000 GMAP
This 1,312-sf house was listed for $669,000 in May, says StreetEasy. Entered into contract on 7/5/09; closed on 10/19/09; deed recorded on 11/13/09.

$750K-$1 Million Range: GREENPOINT
87A Guernsey Street; Price=$920,000 GMAP
This is a 3,000-sf, 3-family, according to Property Shark. Entered into contract on 8/7/09; closed on 11/5/09; deed recorded on 11/10/09.

Photos from Property Shark.


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  1. “Clinton Hill Coop 2BR’s are fundamentally worth no more than $250K. No way this rents for $3,825/mo. A single guy/gal well into six figs, or a couple making 60k a piece, will have much better options for $459K going forward. You don’t even get an additional bathroom.

    FHA Ponzi sale.”

    One of your most controversial posts of all time. Whatever one says about the exterior of these buildings the layouts are great the views unbeatable for the neighborhood and in this case the finishes nice. And when I run the sale price through the mortgage calculator I come up with an even 3G for mortgage and maintenance. You could definitely rent this place for 3G to two professionals. Saying that this is worth no more than 250G is just silly.

  2. > this place is still probably 100 years old +…

    Wait, aren’t you, dear wine lover, the person who slams old house on this blog ad nauseum?

    Why the love for this one?

    Oh, because it’s next door to Williamsburg, your beloved turf.

  3. Clinton Hill Coop 2BR’s are fundamentally worth no more than $250K. No way this rents for $3,825/mo. A single guy/gal well into six figs, or a couple making 60k a piece, will have much better options for $459K going forward. You don’t even get an additional bathroom.

    FHA Ponzi sale.

    ***Bid half off peak comps***

  4. it would be interesting to know how the greenpoint house will be used. i just met another couple who bought a house in greenpoint because of their growing family simply to be in the PS34 zone. they set up their place for one rental, and took over the rest.

    sometimes these houses covered in siding are renovated inside, or if not renovated, have old details. this place is still probably 100 years old +. can take off the siding and brick it up, etc… there’s a place on driggs between N.6th and n.7th that was renovated from siding to bricks. the restaurant, El Almacen is on the first floor. the siding is irrelevant basically.

    3000 square feet for under a million in the PS34 zone is a really really good deal for a family. g train to LIC to 7, and in midtown quick. otherwise, B61 to the L to go downtown, or if you’re me, just walk to the L.

    at 920K, you could put several hundred thousand dollars into it and have a perfect place in a better school district than many park slope areas for like half the price AND live in one of the safest districts in brooklyn. very little crime in district 94.

    2 parks and great kids playground on Franklin. also walking distance to the Greenpoint Y on Meserole and Lorimer which is pretty much kid central. Pre-school, summer camp, and every conceivable lesson (swimming especially) for ridiculously inexpensive prices.

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