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.
“That makes you weak then Cobblehiller.
You don’t stand up for anything. I find those types of personalities very boring and not very evolved.”
“I’m done with this blog.”
That makes you weak 11217. Having a hard time standing up??. Thought you found these types of personalities; that you yourself are now exhibiting; very boring and not very evolved. Stick around then and keep up the arguments.
and btw – your comment to Cobblehiller regarding ‘job search’ is uncalled for.
Have a some humility!
He’s gone. He went to go kick a homeless person.
“Cya! 11217 is a punk! Wow just one post and he runs??!! Man this is a walk in the park for me. Thank GOD everyone loves me here.
The What”
Funny.
11217, this behavior is cowardly and bullying. Grown ups can argue their points without making it personal. You just proved my point again, thank you.
Wow, picking on the unemployed. You’re a big man, 11217.
“I’m done with this blog.”
Hey Retard don’t let the door hit you in the ass!—>
Cya! 11217 is a punk! Wow just one post and he runs??!! Man this is a walk in the park for me. Thank GOD everyone loves me here.
The What
Someday this war is gonna end…
“Real estate goes up, real estate goes down. But over the long term, in New York City, it goes up.”
Truer words have never been spoken.
You lurking, cornerbodea?????????
look what you started mopar!!
Good GOD I go get lunch and look what happens.
Let me spell it out for you more carefully:
In SEVEN YEARS when Rob’s credit is clean as a whistle and he’s saved up $6,000 (or whatever), he might be able to buy an inexpensive apartment somewhere (either subsidized or small or in what will then be no doubt the “emerging” market of East New York). And surely by three years later, the market will go up again and he eventually (I don’t know when) might make a profit of $50,000 or $150,000. He might use the proceeds to buy another, bigger, nicer place with a friend or tenants to help offset the mortgage, he might start his own business, he might just put the money in the bank for a rainy day, but he will have grown up assets.
I wasn’t suggesting he would need never work again.
Also, as to that story about buying a small place, then a bigger place, then selling for a million — that is a very, very, very typical scenerio for two-earner households that make upwards of $100,000 a year. It has happened to many people I know who live in the Bay Area, where yes, it’s true, yearly gains have been very large most years since 1978, not only recently. Obviously, that’s not how it works in Ohio but that is how it works in New York.
Real estate goes up, real estate goes down. But over the long term, in New York City, it goes up.