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.
yes: people are getting laid off left and right, salaries are stagnant or shrinking, and the banks are not lending.
Posted by: Minard Lafever at February 19, 2010 12:27 PM
And to add to that, Wall Street banksters are paying themselves obscene bonuses with money stolen from the rest of americans. They are getting fat off the sweat and blood of ordinary americans. Just last week, a Goldman Sachs partner bought one of the brownstones in “Last week’s biggest sales”
**THROW SCHUMER OUT OF OFFICE THIS NOVEMBER!!!***
It’s a short sale, so it was approved by the bank. What’s surprising is that there was no listing. You would think a bank eating half a million dollars would want to get the most for their money, but on the other hand, it may be worth it if the offer came within 10% of the appraisal and they didn’t have to pay for a messy foreclosure and/or a realtor fee.
The buyer might be an acquaintance, or a neighbor’s friend, that sort of thing.
“yes: people are getting laid off left and right, salaries are stagnant or shrinking, and the banks are not lending.”
Sure this is all true but this is the one of the first times that I can recall seeing a property drop by this much this fast on here. So I mean further info of a more specific nature…
anyone have any further info?
yes: people are getting laid off left and right, salaries are stagnant or shrinking, and the banks are not lending.
Yeah, would love to know the deal on Marlborough. Hard to imagine the price could drop that precipitously in two years. anyone have any further info?
“BHO, I am not sure about that.”
I am, stevie. Why are 2-4 fam medians down at least 20 to 25 percent everywhere? Bonuses aren’t going to buoy up anything. You’ll see.
***Bid half off peak comps***
As in, suck on this, 11217!
Posted by: stevieb at February 19, 2010 11:20 AM
——-
Don’t be mean to my friend, steviebho.
Sooner or later (And its got to be sooner), these properties hit the courthouse steps. Watch out below!!!!
Posted by: DeadCatBounce at February 19, 2010 12:08 PM
Never underestimate the power of the Wall street-Washington cabal to stiff the american people. They are going to continue to steal money from the rest of the country to pay themselves obscene bonuses.
Obama, Geither, Summers, are all neutered and spineless servants serving their wall street masters.
**THROW SCHUMER OUT OF OFFICE THIS NOVEMBER!!!***
The old HOTD post (from Aug 29, 2007) on the Victorian Flatbush house is fun to read. (The link is posted at 11:37 on the current thread).
The first exchange is:
Uh, the price, Stoner, the price. If it were 300k less, we’d take it.
Posted by: guest at August 29, 2007 1:46 PM
1:46, it’s not 2003 anymore.
Posted by: guest at August 29, 2007 1:54 PM
————
In 2007, people said “it’s not 2003 anymore,” while today we say “it’s not 2007 anymore.”
The more things change, the more they stay the same.