Brooklyn Sales: Under a Million
$250K or under: KENSINGTON 599 East 7th Street #4C; Price=$147,500 GMAP This studio was first listed for $189,000 way back in early 2007, according to StreetEasy, and its price was cut a number of times as it bounced between brokerages. Ad said: “This spacious L-shaped Studio Co-op has a renovated kitchen, hardwood floors, dressing room…
$250K or under: KENSINGTON
599 East 7th Street #4C; Price=$147,500 GMAP
This studio was first listed for $189,000 way back in early 2007, according to StreetEasy, and its price was cut a number of times as it bounced between brokerages. Ad said: “This spacious L-shaped Studio Co-op has a renovated kitchen, hardwood floors, dressing room and great closets. Possible conversion to a junior 1 and located just off Cortelyou Rd in a doorman building with laundry, storage and indoor garage.” Maintenance=$426/month. Closed on 2/1/10; deed recorded on 2/12/10.
$250-$500K Range: BROOKLYN HEIGHTS
96 Schermerhorn Street, #11E; Price=$355,000 GMAP
StreetEasy says this 775-sf 1-bedroom was first listed for $392,500 last March. Maintenance=$1,076/month. Closed on 2/4/10; deed recorded on 2/11/10.
$500-$750K Range: BEDFORD-STUYVESANT
622 Jefferson Avenue; Price=$570,000 GMAP
This 2,712-sf single-family house was listed for $690,000 when it was an Open House Pick last summer. Entered into contract on 10/13/09; closed on 1/20/10; deed recorded on 2/12/10.
$750K-$1 Million Range: VICTORIAN FLATBUSH
500 Marlborough Road; Price=$837,500 GMAP
Does this price strain credulity or offer an example of where the market is right now in Victorian Flatbush? The 2,613-sf two-fam last sold for $1,364,750 in early ’08. Entered into contract on 10/19/09; closed on 1/21/10; deed recorded on 2/11/10.
Photos from Property Shark.
I was waiting for this thread for weeks. Then I missed it when it was posted….
I am the purchaser at 500 Marlborough. The poster above, gbrackenridge, knows many of the salient details. The listing broker was talk of the town realty. The listing I saw was on craigslist, but it didnt have any pictures or the address. Once I got the address from the broker and googled it, I knew I was onto something.
If anyone is still reading this thread, I’ll answer more questions.
gb, do you know which realtor it was? thanks
Something really strange there on Malborough. Could this be the new post-bust scam — an insider short sale? I’ve seen dozens of short sales, and they’re usually pretty wrecked undesirable properties — and the banks won’t take that much off.
Gorgeous house though. I love it!
A few facts:
This was a short sale.
Due to job situation.
Was listed through tiny little realtor office that didn’t use the papers or usual marketing.
House doesn’t back the tracks.
Great house inside no half done work
Not an insider sale.
Original deal for more typical price fell through.
Wall street needs a tighter collar.
Main street needs a bone to chew.
The Housing Market needs a flea
bath to get rid of the bad debt already.
Can the President keep this dog under
control?
Not by overmedicating it.
MarioM, you’re so dense you can’t even recognize a snarky comment when it hits you in the face.
But thanks for educating me. Also, it’s clear you don’t have a handle on the Bed Stuy market. best not to wade in when you’re uninformed.
would like banks to offer a higher interest on my savings – would like to get paid more while I wait for mkt to drift lower
The white-hot clarity of your thinking is almost dazzling DIBS, while it’s sharpened acuity cuts like a knife through butter. Thanks for the enlightenment, bro. The reason why people who don’t rent don’t want prices to come down is because they own a property, genius! I’m sure you down want to know your BS house is now worth 40% less, so ignore it.
sq, not a banker. Just not a whiner.