Brooklyn Sales: Under a Million
Some of the sales recorded last week that went for $1 million or less: $250K or under: BUSHWICK 1059 Hancock Street; Price=$200,000 GMAP This is a 3,000-sf, two-family, according to Property Shark. Bushwick prices are baffling: This house is only a few blocks away from a house we highlighted last week that was smaller but…
Some of the sales recorded last week that went for $1 million or less:
$250K or under: BUSHWICK
1059 Hancock Street; Price=$200,000 GMAP
This is a 3,000-sf, two-family, according to Property Shark. Bushwick prices are baffling: This house is only a few blocks away from a house we highlighted last week that was smaller but sold for $700K. Entered into contract on 1/1/09; closed on 3/18/09; deed recorded on 5/15/09.
$300-$500K Range: PROSPECT HEIGHTS
957 Pacific Street, Unit 504; Price=$499,000 GMAP
This 802-square-foot, 1-bedroom condo in the Hello Living building Sydney was initially listed for $600,000 in April of last year, according to StreetEasy. Entered into contract on 3/24/09; closed on 4/30/09; deed recorded on 5/14/09.
$500-$750K Range: CARROLL GARDENS
192 Degraw Street, Unit 4D; Price=$600,000 GMAP
This 900-sf, 1-bedroom condo was first listed for $675,000 last August, according to StreetEasy. Entered into contract on 3/23/09; closed on 4/20/09; deed recorded on 5/15/09.
$750K-$1 Million Range: PROSPECT-LEFFERTS GARDENS
84 Rutland Road; Price=$995,000 GMAP
When this one-family townhouse was a House of the Day in September, it was asking $1,200,000. The price was reduced to $1,149,000 in October. Entered into contract on 1/30/09; closed on 4/28/09; deed recorded on 5/13/09.
192 Degraw and 84 Rutland photos from Property Shark; 1059 Hancock pic from EveryScape.
Pete — sounds like a mortgage + construction loan. Must have been an obvious gut job. Must be comps to support the loan.
Ok, the PLG house needs a new kitchen, most likely new baths… maybe new plumbing… could need wiring. Price doesn’t seem bad considering the renovation costs associated with all those things.
I swear, the Bushwick house from last week had to have been a case of “you buy the house, we hide the drugs in the wall” or something. No way it was worth $700k. This week’s house is much more reasonable for that area.
re:Bushwick—- new owners managed to get mortgage of $590K on it. So obviously more to story than some collapse of housing value. Can’t take all this info at face value.
hello living is another example of condos that will sell – and sell well – when priced appropriately…the idea of this “condo” glut is ridiculous.
Can I join team bull for bushwick only?
Was there a broker for the house?
Mopar, did you look at the Bushwick house? What was the story?
“Woah – Bushwick place is crazy cheap. What’s up with that?”
Whoa the collapse of the Mutant Asset Bubble, Dude! Guess what? Everyone on that block just got a haircut!
The What (Skittles for Bushwick)
Someday this war is gonna end…
RE: Bushwick house, it might be in terrible shape, but it also could be an uninformed, or seriously distressed seller. I agree with BfF that it’s a return to sanity, but so is that grand LM four story, at the other end of the price scale.