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.
Seems very hard to imagine how 500 Marlborough wouldn’t be listed at all–even if it were a short sale.
And if the bank did make a fast deal, how does one get on that call list?
Why is it the most resentful of everything and those that feel entitled to lower prices are only those that rent????
————
There is certainly entitlement on both sides here. Bears think they are entitled to lower prices, Bulls just the opposite. The funny thing about being polarized DIBS is that it’s hard to see the other’s perspective.
The last 20 years of the stock market and housing market have bred a TON of entitlement on the BULL side. Word.
“Resentment and entitlement, resentment and entitlement, doesn’t it get old”?
–ibanker
Suck it delepp
blah, blah, blah, blah. Why is it the most resentful of everything and those that feel entitled to lower prices are only those that rent????
Resentment and entitlement, resentment and entitlement, doesn’t it get old?
stevie – The elite few that screw taxpayers are not looking to absorb Brooklyn inventory, not even prime. They live in Manhattan or Connecticut.
***Bid half off peak comps***
Posted by: Brownstones Half Off at February 19, 2010 12:35 PM
Not directly, but the obscene bonuses they collect raise manhattan prices and by translation, brooklyn prices as well.
That is why the likes of 11217 are such big fans of wall street bonuses, not because they work on wall street, but the bonuses help their own real estate investments.
This thread is like a toilet. Stevieb, get some manners.
Stevieb, you need therapy, and I don’t mean apartment therapy. All this breathless ranting obviously damaged your ability to process facts from paranoia.
“The more things change, the more they stay the same”
That’s the gist. Intrinsic value (3x income, 10x rent) + Ponzi fluff (1995-2008) – Ponzi fluff (2008 and beyond) = Intrinsic value (3x income, 10x rent). Full circle.
stevie – The elite few that screw taxpayers are not looking to absorb Brooklyn inventory, not even prime. They live in Manhattan or Connecticut.
***Bid half off peak comps***