Brooklyn Sales: Under a Million
$250K or under: EAST FLATBUSH 330 Lenox Road, #2J; Price=$95,000 GMAP The ad for this co-op in the Erasmus section of East Flatbush didn’t specify its size, so it’s unclear whether it’s a studio or 1-bedroom. It sold in an estate sale and went for more than it was asking, $89,000. Property Shark shows that…
$250K or under: EAST FLATBUSH
330 Lenox Road, #2J; Price=$95,000 GMAP
The ad for this co-op in the Erasmus section of East Flatbush didn’t specify its size, so it’s unclear whether it’s a studio or 1-bedroom. It sold in an estate sale and went for more than it was asking, $89,000. Property Shark shows that there’s a lot of foreclosure pressure in the building. Maintenance=$407/month. Closed on 1/12/10; deed recorded on 1/15/10.
$250-$500K Range: BROOKLYN HEIGHTS
108 Pierrepont Street #6; Price=$450,000 GMAP
Another one that went for more than it was asking: This 1-bedroom co-op with a working fireplace was listed for $399,000 in November, according to StreetEasy. Maintenance=$837/month. Closed on 1/11/10; deed recorded on 1/15/10.
$500-$750K Range: BOROUGH PARK
1671 48th Street; Price=$750,000 GMAP
This is a 3,344-sf, 2-family, according to Prop Shark. Entered into contract on 6/24/09; closed on 12/28/09; deed recorded on 1/13/10.
$750K-$1 Million Range: CLINTON HILL
55 Cambridge Place; Price=$910,000 GMAP
This brick 3-family was a HOTD in February ’09, when it was listed for $1,095,000. (Before that, it had been on the market for $1,500,000 and then $1,300,000.) Entered into contract on 12/29/09; closed on 12/29/09; deed recorded on 1/13/10.
Photos from Property Shark
“point taken, nomi. It would actually be pretty nice if you were a nurse or whatever at the hospital.”
For a second, I thought you meant ME, if I were a nurse at the hospital and you lived there . . .. Good times.
P.S. Damn near prime? Have you ever been inside 55 Cambridge? It’s 4.5 stories and a full gut job.
I’m afraid you are mistaken BHO. 51 Cambridge sold for $959k pre-Lehman. Are you really too lazy to look these things up in ACRIS before you comment, or do you not bother with the truth when it opposes your viewpoint?
That’s what, -5% off peak comp between the two? Keep fighting the good fight BHO. Maybe someday you will be right.
Oh! Look at those two little windows on top of Clinton Hill. It’s a FIVE STORY in damn near prime that went for, what, $0.91M?!
***Help Haiti***
Clinton Hill is no deal. It’s today’s comp. A seller got real. It’s ask history supports my thesis that only a thin line exists between the timing of ask updates and comps. 1.5M was about peak as it’s neighbor, 51 Cambridge (gut nightmare now), went for almost that much Pre-Lehman. -40% off peak comp. The rest of the market will soon catch up (or, um, catch down).
***Help Haiti***
The Clinton Hill house is one of the best deals I’ve seen in a while. Put in 400k to reconfigure as a 2family with a ground floor rental, take off the front porch, some gardening in the front and the back and you’re set.
point taken, nomi. It would actually be pretty nice if you were a nurse or whatever at the hospital. (There are a crap load of units available in that building, all around $130k for the 1-bedrooms)
But i won’t stop “complaining” 🙂
Oh, that Borough Park house looks like it was a once nice early century house with beautiful lines. Maybe still largely if that bay window is the only egregious addition. But inside there are probably other offenses.
There, tybur6, number 1. Stop complaining!