Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: MARINE PARK 1715 Stuart Street; Price=$175,000 GMAP This is a 1,388-sf, single-fam house, according to Property Shark. Entered into contract on 12/15/09; closed on 12/15/09; deed recorded on 12/31/09. $250-$500K Range: BOERUM HILL 378 Baltic Street #9B; Price=$415,740…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: MARINE PARK
1715 Stuart Street; Price=$175,000 GMAP
This is a 1,388-sf, single-fam house, according to Property Shark. Entered into contract on 12/15/09; closed on 12/15/09; deed recorded on 12/31/09.
$250-$500K Range: BOERUM HILL
378 Baltic Street #9B; Price=$415,740 GMAP
This is 650-sf 1-bedroom in the unlikely condo success story 378 Baltic. Entered into contract on 10/29/09; closed on 12/14/09; deed recorded on 12/30/09.
$500-$750K Range: CROWN HEIGHTS
570 Park Place; Price=$665,000 GMAP
This 2-family on the Prospect-Crown Heights border needed a little “TLC,” according to its ad, but that didn’t stop it from selling quickly at a hair above asking. It was listed for $659,000 in September. Entered into contract on 10/30/09; closed on 12/17/09; deed recorded on 12/30/09.
$750K-$1 Million Range: PARK SLOPE
920 Union Street #3B; Price=$861,000 GMAP
Another property that went for more than it was asking: StreetEasy says this 2-bedroom co-op hit the market in September, with a $799,000 price tag. Maintenance=$1,088/month. Entered into contract on 10/10/09; closed on 12/16/09; deed recorded on 12/28/09.
Photos from Property Shark
“That MP house must be in pretty bad shape. It’s also probably on of those tiny, shoddy wood “Realty” homes built in the 50’s and 60’s before NYC building code required brick
Posted by: Joe from Brooklyn at January 7, 2010 11:11 AM”
Joe, Joe, Joe;
Che cosa faro’ da te!?!?!?
I thought you knew southern Brooklyn. The house shown was clearly built in the 1920’s. This type of house was known as a “Dutch Colonial”,and was built by the 10’s of 1000’s in the 1920’s.
My in-laws live in a house very similiar to this.
Mr. B.,
There is clearly something fishy with that MP listing, and I would caution againt posting it as a market data point. I know this part of Brooklyn well, and there is NO WAY that a house like that would sell for so little. A house like that goes for about $500K, as this is in one of the nicer parts of Marine Park.
Indeed,if you look at the property shark info, you can see that there is something fishy. In 2004, this house sold for $410K. In 2007, it sold for $630K. In mid-2009, it sold for $365K.
Money-laundering schemes, anyone???
Posted by: benson at January 7, 2010 11:44 AM
A house like that should be about 375K. At peak it should have been around 450-500K. Brick houses that were 625K at peak are going for around 550K
Wait, Benson…so this price shouldn’t get me excited?
🙁
I was hoping….rats!
Sorry to burst everyone’s bubble but there is really nothing available for $175K in Marine Park. This must have been a foreclosure or a family transfer. Marine Park houses, some albeit small start in the $400K range and trend upward with size/location to $900K. Marine Park is a wonderful neighborhood where you know everyone on your block and the schools are great. There is a real sense of civic pride in Marine Park and of course, being located around the largest park in NYC (sorry Prospect park)there are all types of wonderful benefits. Regarding the house type, wood frame houses continue to be built today, just not in Manhattan. I live here in Marine Park in a lovely wood frame Dutch Colonial that is approcahing 100 years old. Come out to Marine Park sometime and maybe you’ll stay!! Check out my website http://www.brooklyndreamland.com for some more info on this part of Brooklyn.
” changed hounds”
My bad. I don’t know how many dogs they’ve been through, but according to Property Shark, it’s CHANGED HANDS 4 times.
Wrath of Grapes;
What are you talking about?? If you look at the Property Shark sheet, the house has changed hounds 4 times in less than 3 years.
Mr. B.,
There is clearly something fishy with that MP listing, and I would caution againt posting it as a market data point. I know this part of Brooklyn well, and there is NO WAY that a house like that would sell for so little. A house like that goes for about $500K, as this is in one of the nicer parts of Marine Park.
Indeed,if you look at the property shark info, you can see that there is something fishy. In 2004, this house sold for $410K. In 2007, it sold for $630K. In mid-2009, it sold for $365K.
Money-laundering schemes, anyone???
It looks like this is the first time the Marine Park house has ever changed hands.
Since the buyers were already using the address as their official address I assume it is some sort of family transaction or that they had a rent to own agreement with the owner.
Posted by: WrathOfGates at January 7, 2010 11:35 AM
Makes sense, even a cheaply made “Realty” home should go for 350 to 400K.
Many, many people drive in this part of Brooklyn.
Posted by: infinitejester at January 7, 2010 11:37 AM
Definitely more of a car lifestyle but public transit is being utilized more by newcomers who are less likely to be city workers w/ parking perks. The Brighton Line stations along East 16th street are currently being renovated to accommodate increased ridership.