Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: KENSINGTON 515 East 7th Street, #1G; Price=$240,000 GMAP This 1-bedroom was listed for $249,000 in August, according to StreetEasy. Ad said it had been “generously renovated.” Maintenance=?. Closed on 12/1/09; deed recorded on 12/11/09. $250-$500K Range: FLATBUSH 412…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: KENSINGTON
515 East 7th Street, #1G; Price=$240,000 GMAP
This 1-bedroom was listed for $249,000 in August, according to StreetEasy. Ad said it had been “generously renovated.” Maintenance=?. Closed on 12/1/09; deed recorded on 12/11/09.
$250-$500K Range: FLATBUSH
412 East 28th Street; Price=$345,500 GMAP
The listing for this Victorian, which was asking $399,000, said it needed “a little TLC.” Entered into contract on 10/12/09; closed on 6/18/09; deed recorded on 12/11/09.
$500-$750K Range: BROOKLYN HEIGHTS
66 Orange Street, #5C; Price= $735,000 GMAP
This 1,124-sf, two-bedroom co-op was originally asking $999,000 in February ’08 and the price was cut a number of times, until it was ultimately asking $799,000 this summer. Maintenance=$1,347/month. Closed on 11/24/09; deed recorded on 12/7/09.
$750K-$1 Million Range: BEDFORD-STUYVESANT
141 Quincy Street; Price=$760,000 GMAP
This is 2-family was listed for $795,000 when it was a House of the Day this summer. The widget estimate for it was $713,002. Entered into contract on 10/26/09; closed on 12/7/09; deed recorded on 12/11/09.
Photos from Property Shark and StreetEasy
Someone really overpaid in Kensington. Here is another 1bdr, same building, high floor: http://newyork.craigslist.org/brk/reo/1516087794.html
Rob, you’re going to bring back the term “bitter renter.” 🙂
Gotcha Snark. Well…hope you can join us in the hood for drinks ;o). Should be fun.
I believe maintenance was in the high 600s. Thanks foe keeping an eye out, but I think my hunt is on hold until 2011.
How much was the maintenance for the 2 bedroom that you looked at? If I hear something in that range in the hood, I’ll keep you posted.
Kens,
I looked at a two bedroom in this building a while back that was asking about the same price. It was a train wreck. The kitchen was a gut job, and there was a big crack in the wall of the small second bedroom.
I hadn’t noticed the first floor factor in the unit above. That’s definitely a deal-killer for me.
Snark, know that building very well. I think it’s overpriced for a 1st floor one bedroom. Some 2 bedrooms run in that range in the neighborhood but might need some updating. One bedroom (pretty crappy condition but livable) just went in my building (4 blocks away) on the 5th floor just went for 160K and it’s a good one bedroom with windowed eat-in kitchen and windowed bathroom with large living room and bedroom. The only small downside is that it faces Ocean PKWY which is a bit nosier than E7th street. For 40K, you can get a pretty nice kitchen and bathroom reno in this apartment and it’ll end up costing you under 200K so I think 240K is overpriced.
i like how the kensington co-op has a surprise maintenance.
SURPRISE! youve been ripped off!
*rob*
The Heights co-op was a good deal for the buyer.
The maintenance there is high for a non-doorman building.
The other issue with that unit is that it had no open views at all.