Clinton Hill Co-op Sells Above Ask
Back in January, we featured a two-bedroom in the Clinton Hill Co-ops as a Co-op of the Day. The 15th-floor unit, which was nicely renovated and had great views, was asking $515,000–at the high end of what you usually see in this complex. The average widget appraisal came in at $458,224. According to StreetEasy, the…
Back in January, we featured a two-bedroom in the Clinton Hill Co-ops as a Co-op of the Day. The 15th-floor unit, which was nicely renovated and had great views, was asking $515,000–at the high end of what you usually see in this complex. The average widget appraisal came in at $458,224. According to StreetEasy, the place just closed for $521,000, which falls (barely!) within the 15 percent range of the widget price that we’ve come to expect. A nice comp for the Co-ops!
Co-op of the Day: 345 Clinton Avenue, #15F [Brownstoner]
BHO, these babies were selling for 60k or so in 96/97
No, mopar. That’s only 20% or less of the equation. The 80% or more is in jeopardy.
***Bid half off peak comps***
BHO, the apartment is worth whatever anyone is willing to pay for it. Ipso facto.
BTW, $521K is “730” for anything in this building. The sellers made out like bandits. This thing’s worth between 3 or 4 hun grand tops.
***Bid half off peak comps***
“worst economic recession since the 1930s.” – DIBS @ 12:44
Careful what you Ctrl V, DIBS. The 1930’s are not supposed to be relevant in your world.
“Year-over-year housing starts rose for a fourth month”
How ’bout month-over-month prices? Oh, I’m sorry, they’re in the red. Year-over-year will soon follow. Again. 2nd dip – ooowheeeee!
***Bid half off peak comps***
I saw one of these places back in 2001 or so. Didn’t love them. But it makes sense the prices have risen, given the high prices of brownstones in the area. These are real two beds, suitable for families. Just have to get creative with the narrow living room.
oooo….aaaahhhhh….
a cut n paste slugfest. let the good times begin.
Cemex, Vulcan Call Turn in U.S. Building as Sales Start to Rise
May 10 (Bloomberg) — A four-year slump in construction may be nearing an end, with the biggest U.S. building-material makers reporting higher monthly sales that have yet to spread industrywide.
Cemex SAB, the largest U.S. cement producer, and Vulcan Materials Co., the top gravel supplier, just reported monthly volume increases for March and April, their first since 2006.
The results exceeded estimates and may lead the Portland Cement Association to increase its growth forecast this year, said Ed Sullivan, chief economist for the trade association.
“This upturn, even though it’s still based on limited data, is to be believed,†Sullivan said in an interview. “From what I’m hearing, it’s a significant uptick in April and I think we’re going to see a very good May as well.â€
Increases in housing starts and rail shipments of crushed rock, sand and gravel indicate a rebound in construction, which shed about 1.9 million jobs in the worst economic recession since the 1930s. Year-over-year housing starts rose for a fourth month to an annual rate of 626,000 in March, the highest since November 2008, the latest Commerce Department figures show.
bdeis01, bigger 3 bdrm units in the willoughby coops on lafayette and hall st sell in the high 500ks. remotely recall nice renovated ones sold at or slightly above 600k. so it’s a matter of location difference vs 3 bdrm havent no premium. by contrast, the kingsview 3 bdrm units sell in the 400k’s