Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: BAY RIDGE 332 89th Street, #2B; Price=$200,000 GMAP This 1-bedroom co-op was listed for $212,000 in July, according to StreetEasy. Closed on 12/14/09; deed recorded on 12/18/09. $250-$500K Range: PARK SLOPE 323 2nd Street, #1R; Price=$393,432 GMAP The…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: BAY RIDGE
332 89th Street, #2B; Price=$200,000 GMAP
This 1-bedroom co-op was listed for $212,000 in July, according to StreetEasy. Closed on 12/14/09; deed recorded on 12/18/09.
$250-$500K Range: PARK SLOPE
323 2nd Street, #1R; Price=$393,432 GMAP
The listing history for this very small 2-bedroom in a conversion is weird: StreetEasy has it going on and off the market in ’06 and ’07, asking $435,000. Entered into contract on 10/9/09; closed on 12/9/09; deed recorded on 12/16/09.
$500-$750K Range: GREENWOOD HEIGHTS
202A 30th Street; Price=$628,000 GMAP
This 1,020-sf single family last sold for $631,000 in late 2004, according to Property Shark. Entered into contract on 9/28/09; closed on 12/14/09; deed recorded on 12/18/09.
$750K-$1 Million Range: FORT GREENE
4 South Portland Avenue, #1; Price=$906,242 GMAP
This 1,543-square-foot duplex condo in a brownstone conversion was listed for $890,000. Entered into contract on 8/25/09; closed on 11/19/09; deed recorded on 12/18/09.
Photos from Property Shark
I’m confused about the Fort Greene duplex: PropertyShark and StreetEasy both list it as selling for $890,000. It’s also a ground floor duplex, so the bottom floor is below grade and the whole front part of that is building mech. Sure, having a back yard here is great, but still think that’s a boatload of money to be right behind brooklyn tech, and that stretch of Dekalb is noisy. Too much for a ground floor apt. if you ask me.
I saw three of the other units here when they were doing open houses: nicest by far were the parlor floor and the top floor, which has exclusive roof rights and a deck, but a gnarly 5 floors to walk up too.
Well, Street Easy says rent was 1895 a month in 2006-7, which sounds about right for a decent 1 br in Park Slope.
So, if you put down 25 percent, my rough estimate is that your monthly charges after mortgage interest deduction will be about that, or slightly less, depending on your rate.
So, yeah, it makes sense on that level, esp. if you think rents and housing prices are going to rise in the time you’d expect to live there.
ah, read wrong. No real opinion here on what the price of that little place means.
Yes, the 2nd Street place is small, but could be used as a one bedroom and has a yard. Show me another condo in Park Slope, even between 4th and 5th, with a yard for less than $400k. I’m not saying it is perfect, but it is nice to see something relatively affordable with outdoor space.
It gives me hope that I may be able to buy one day (and not have to move to Bay Ridge).
???
sl says there are 587 feet squared. it sold for 393432.
that’s 670 per sq ft, even before discounting actual to brokerage estimate of sq ft.
across the street trades a little better but it is new, has elevators, good layouts, outdoor space and low maintenances. and it doesn’t even trade that much more. less than $50 psf to last sale in march.
at any rate, my only point is we are far far away from the doomsday pricing…(which means we have a long way to fall, right?…)
$587 ppsf, right? The size is the denominator in the p/sqft, and thus relating the ppsf to size is a bit redundant. Isn’t that where 4th/5th ave condos have been trading?
660psf for a railroad apt in a tenement and the right to enjoy eu de garbage and ALL bldg traffic separated from your bedroom by a flimsy sheetrock wall.
that is an astoundingly strong sale. long live the bubble.
“What, you don’t want to luxuriate in that living room that is less than 6′ wide?”
I can’t decide which feature of the living room is better: the fabulous width or the view of a tiny airshaft!
The biggest joke about that place is the broker’s copy stating that this condo is “great for investors” even though it sold for almost 19x the current rent roll!!
> I’d take it over that 2nd Street condo
What, you don’t want to luxuriate in that living room that is less than 6′ wide?