Brooklyn Sales: Under a MIllion
Some of the sales recorded last week that went for $1 million or less: $250K or under: KENSINGTON 415 Beverly Road, #5L; Price=$250,000 GMAP This 800-sf, 1-bedroom co-op was listed for $269,000 in September, according to StreetEasy. Ad said unit had been renovated. Maintenance: $561/month. Closed on 12/9/09; deed recorded on 12/21/09. $250-$500K Range: PARK…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: KENSINGTON
415 Beverly Road, #5L; Price=$250,000 GMAP
This 800-sf, 1-bedroom co-op was listed for $269,000 in September, according to StreetEasy. Ad said unit had been renovated. Maintenance: $561/month. Closed on 12/9/09; deed recorded on 12/21/09.
$250-$500K Range: PARK SLOPE
333 4th Street, #4J; Price=$340,000 GMAP
This 1-bedroom co-op was first listed for $379,000 in July, according to StreetEasy, and the price was cut to $359,000 within a few weeks. Ad said: “This apartment requires your personal touch, however, presents a unique opportunity to purchase under market.” Maintenance: $613/month. Closed on 12/11/09; deed recorded on 12/23/09.
$500-$750K Range: WILLIAMSBURG
440 Kent Avenue, #5D; Price=$650,000 GMAP
This 1,222-sf unit in Schaefer Landing last sold for $645,000 in late 2006. Entered into contract on 10/27/09; closed on 12/15/09; deed recorded on 12/22/09.
$750K-$1 Million Range: GREENPOINT
94 India Street; Price=$799,000 GMAP
This 1,340-sf house was listed for $869,000 this summer, according to Property Shark. Entered into contract on 9/24/09; closed on 11/17/09; deed recorded on 12/23/09.
Photos from Property Shark
94 India St had been on/off the market since the end of 2007 with an asking price as high as $925,000. They switched brokers a few times and changed the asking price about 6 times. $799 seems fair given the market and the fact that it needs lots of work.
“15 CPW unit sells for $25M, $2.5M above ask”
….and I had a bagel for breakfast. Both are about as relevant to the Brooklyn condo/co-op/brownstone market.
DCB – the objective of the thread is to identify low priced sales.
15 CPW unit sells for $25M, $2.5M above ask
December 30, 2009 02:00PM
The seventh-floor apartment at 15 Central Park West owned by Credit Suisse executive Ravi Singh sold for $25 million, or $2.5 million above its most recent asking price. Singh, a managing director at Credit Suisse Group, sold it to a buyer identified as CPW Park Views on Dec. 15 after going into contract in November, property records posted today show. The current price comes to $5,478 per square foot. Broker Nancy Candib of Brown Harris Stevens declined to comment on the sale. While Singh did not obtain the high price he first sought in September 2008, when he listed the 4,563-unit for $32 million, the unidentified condominium unit buyer paid more than the most recent listing price of $22.5 million. Singh bought the four-bedroom unit in March 2008 for $15.87 million. TRD
Listen to the brownstone expert daveinbedsty say that the “brownstone prices have bottomed” not really DIBS price declines in brownstones in Brooklyn have just started to go down. The real collapse and fun will start right after interest rates start to go up.
that Greenpoint house was odd like cottontop says. Its backyard was all garage and drive, and there was three or four outbuildings. The house itself was sorta cute, but India is not the best of the North Greenpoint streets. Price seems reasonable for waht it is.
DIBS, too early to call. With Prices still high on a relative basis to income, would still believe bias is downward trend till prices go up.
These are not brownstones. Brownstone prices have bottomed.
“We just went through probably the worst housing crash in U.S. history”
WENT through? Tense check! NY CS YOY still red. Direction all over the place. Up in August, down in September, now flat in October. Noisy reGOVery data but fundamentally headed downward first half of next decade.
***Bid half off peak comps***