Brooklyn Sales: Under a Million
Under $350K Range: BAY RIDGE 9411 Shore Road, #3-D; Price=$330,000 GMAP StreetEasy says this 850-sf co-op in an elevator building was listed at $339,000 back in September. The listing said that this junior 4 offers harbor views from its private terrace but is in need of some TLC. Common Charges= $669. Entered into contract 12/8/09;…
Under $350K Range: BAY RIDGE
9411 Shore Road, #3-D; Price=$330,000 GMAP
StreetEasy says this 850-sf co-op in an elevator building was listed at $339,000 back in September. The listing said that this junior 4 offers harbor views from its private terrace but is in need of some TLC. Common Charges= $669. Entered into contract 12/8/09; closed on 2/16/10; deed recorded on 2/19/10.
$350-$500K Range: DOWNTOWN BROOKLYN
150 Myrtle Avenue, #1507; Price=$405,000 GMAP
This 1-bedroom, 609-sf condo in the 38-story, 240-unit Toren (which recently opened their pool) went into contract back in the spring of 2008, says StreetEasy. Entered into contract on 5/1/08; closed on 2/16/10; deed recorded on 2/18/10.
$500-$750K Range: BROWNSVILLE
64 Blake Avenue; Price=$518,000 GMAP
Built in 2007, this 2,400-sf two-family house sold for $520,000 in October 2009, says PropertyShark. Entered into contract on 11/21/09; closed on 2/16/10; deed recorded on 2/19/10.
$750K-$1 Million Range: WILLIAMSBURG
97 North 7th Street; Price=$960,000 GMAP
This 3,600-sf building, with 3 residential units and 1 commercial space, has had the same owner for over 30 years, according to PropertyShark. Closed on 2/16/10; deed recorded on 2/19/10.
Photos from Property Shark.
re williamsburg house. man do people love to jump jump jump to conclusions. (remember that classic, when you assume you make an ass out of u & me…) the owners (all family) lived in the house. no hipsters crammed in; the new owner gets an empty building. the commercial space is in the “basement” area. it was a candy store (if i remember what the old timers told me) back in the day but has been empty for decades now. the new owner may be getting a big project house but the amazing big tree out front and the great backyard space more than makes up for it.
makes sense. good color colorado, and I agree, you doing that right in that location will be a good investment.
The W-Burg one was a good price. I looked at this one online before it sold, it needed a total gut renovation, and was actually a brick building underneath that ugly siding. People did wierd things in the 60’s and 70’s. Classic wasn’t cool back then.
You would lose an apartment if you converted to a proper mixed use. And the gut renovation would have easily went into the hundreds. 300 – 400k, and one year later you would have a really nice brick mixed use in a great location. Only that street isn’t the best for retail. I am partial to Bedford or Grand. Still, I am sure whoever bought it will come out ahead if he cleans it up.
That is Brownsville. And I’m surprised at that price, too (although I think “disgusting” is a bit strong).
i would have said that b-burg house looks cheap. 3 apts @ 3k a piece + commercial will easily cover your mortgage, tax, expenses and provide potential cash flow. all ballpark but seems like a do to me, unless theres rent control or some really terrible apts.
Snark, we tax payers will pay for the default risk cause the mortgage was probably an FHA one with a 5 or 10% down
“You enter through the kitchen! The horror!!”
LMAO, DH!!!
The Toren unit “went into contract back in the spring of 2008,” which might explain the prices. In addition, I’ve heard of developers giving a “credit” at closing so that the sale gets recorded as, say, $500,000, but the developer only takes $450,000. Strikes me as vaguely illegal, but I haven’t looked into it.
tybur6 – relax the hate – just cause it’s siding, doesn’t mean the apts aren’t totally fine.
instead of hating – you should be a landlord in WB. very lucrative. people pay a lot in rent – demand is high. don’t understand the commercial space part on this unit – but sure that this overall rent roll is really good.
and, give up the hipster 5 to an apt nonsense. landlords here would not accept that – no f’in way.