Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: Under $250K: PARK SLOPE 195 Garfield Place, Apt. 4H; Price=$230,000 GMAP This 400-sf studio co-op was originally listed for $299,000 last November, according to StreetEasy. The price was reduced to $280,000 in January. Maintenance=$423. Entered into contract on 2/27/09; closed on…
Some of the sales recorded last week that went for $1 million or less:
Under $250K: PARK SLOPE
195 Garfield Place, Apt. 4H; Price=$230,000 GMAP
This 400-sf studio co-op was originally listed for $299,000 last November, according to StreetEasy. The price was reduced to $280,000 in January. Maintenance=$423. Entered into contract on 2/27/09; closed on 4/14/09; deed recorded on 4/21/09.
$300-$500K Range: CROWN HEIGHTS
1368 Park Place; Price=$495,000 GMAP
This is a 2,952-square-foot, 2-family, according to Property Shark. Entered into contract on 12/3/08; closed on 3/23/09; deed recorded on 4/21/09.
$500-$750K Range: BUSHWICK
1305 Bushwick Avenue; Price=$605,000 GMAP
A 3,000-square-foot, 2-family house, according to Property Shark. The listing history on StreetEasy says it hit the market last April for $624,000 and its price was reduced several times, until it was asking $545,000 in September. Perplexing that it sold for more than the last ask after being on the market for awhile. Entered into contract on 1/5/09; closed on 4/17/09; deed recorded on 4/24/09.
$750K-$1 Million Range: RED HOOK
52 Dikeman Street; Price=$980,000 GMAP
Last November, when this 2,620-sf, two-family was an Open House Pick, it was listed for $975,000. It got the Times treatment that month and did not linger on the market. Entered into contract on 1/21/09; closed on 4/9/09; deed recorded on 4/21/09.
Photos from Property Shark.
haha rob – yeah the term “starter apartment” really irks me – especially in NYC
studios in manhattan that are 550K are called “starter apts” yeah – you only need 100k down for a starter apt. what a joke.
i lived in squalor for a while and was able to save, but made alot of sacrifices and will not buy something just for the sake of doing so.
yeah i think unfortunately i got stuck between the generations where people didnt rely on their parents and housing prices were ridiculously overpriced and the times now where prices are ridiculously overpriced for anyone who doesnt make 6 figures and has parent help. 🙁
renter 4 life!
*rob*
Rob, I know you didn’t. Everyone’s situation is different. I am, in many ways more fortunate then some, and less fortunate then some others. Tis is life.
I love that PS studio as well – the layout is very similar to the studio I bought in PH in January, except my kitchen is where the “dining room” space is in this one. I also definitely appreciate this segment every week, keep it coming!
Parental help is almost the norm these days…what indebted college grad is going to ever be able to afford a downpayment on anything before the age of 50?
gack kensingontonian, my last post was written before i saw your last post. didnt mean to sound snide about people getting parental help!!! im sure if my parents (well grandparents could have, they most definitely would have.) who would help out their kids if they could?
*rob*
This feature makes me happy every week!
That studio’s a great deal. When I first moved here in 2005 I was paying $1400 for a mouse-infested ground-floor studio on the UES and thought I’d found a relatively good deal. Owning in Park Slope for less would be killer by comparison.
I feel you. We came here as immigrants without 2 quarters to rub together 17 years ago and my parents worked very hard to buy their own place. My parents saved every penny they earned to help my sis and myself out. Without them, I probably would be renting or settling for something less and then buying when I am a bit older.
yeah some of us aren’t lucky enough to have parents who help out with a down payment for “starter apartments” btw i HATE that term. it’s as gauche as “starter wife”
*rob*
I have a car and that’s why I think I love Red hook so much. I know that if I lived there, parking would be super easy and we could always hop in the car and head to the slope for dinner or anything else. So I understand why people aren’t so “into” RH. I always thought I could use the watertaxi into the city to get to work though.