135 Joralemon Closes for 30% Below Original Asking Price
Last month we reported that, after languishing on the market for a year and a half, the one-family house at 135 Joralemon Street finally went into contract. A little history: After a fire and a detailed renovation, the listing started out in July 2007 at $5,950,000 before being cut to $5,750,000 then $5,250,000 and ultimately…
Last month we reported that, after languishing on the market for a year and a half, the one-family house at 135 Joralemon Street finally went into contract. A little history: After a fire and a detailed renovation, the listing started out in July 2007 at $5,950,000 before being cut to $5,750,000 then $5,250,000 and ultimately $4,950,000. Last week, the house finally closed for $4,189,000. Surprised, or does it sound about right?
Where is it recorded that this house closed at $4.189 million? ACRIS shows it sold for $2,094,500, deed recorded 12/22/2008. What am I missing here?
“Your,” not “you’re.”
“This house sold for 18.6% below what people think was the original inflated, unrealistic price.”
Actually, since the original ask was $5,950,000, and it sold for $4,189,100, didn’t it sell for 29.6% less?
All I can say is, thank god my money manager isn’t on here, mid-day, trading infantile jibes with anonymous posters. Dave, getting way under your skin is now so easy, I’m wondering if you’re day trading has put you in a hole?
On topic –very special house found a money-no-object buyer. Mazel tov. Though I agree, highbeams bleeding through my curtains every eight seconds, not so cozy.
Here’s the Hat Trick What…
“How come when the Asset price is up, the Asset has Value and Appeal. But when the Asset prices is falling all of those things are not so great anymore?”
This house sold for 18.6% below what people think was the original inflated, unrealistic price. That’s not bad.
So the price fell and everyone thinks this is still a great place.
You’re way off your game today, making no sense whatsoever.
PWNED 3 X (in the same thread no less!!!!!!!!)
DIBS 3
What 0
LMMFAO
“I doubt very much that whoever bought this property had to ask a bank for a loan. I’m sure it was bought for cash. ”
ASS U Me Sam..
“The reason this house is so special is because it was built in 1830, just as Brooklyn was starting to build up. The cast-iron porch is later, probably 1850’s. In addition to its early date, the details are first-rate. The carved entry is one of the finest in the city. The mantles inside are all original as is much of the trimwork. it is rare to find a museum-quality house like this in move-in condition, in Brooklyn Heights. Therefore the price. It is not a huge house, five bedrooms, three bathrooms, two parlors, no tenant’s apartment, but it is a comfortable house.”
How come when the Asset price is up, the Asset has Value and Appeal. But when the Asset prices is falling all of those things are not so great anymore?
Oh well rally on..
The What BAK
Someday this war is gonna end…
I doubt very much that whoever bought this property had to ask a bank for a loan. I’m sure it was bought for cash. The reason this house is so special is because it was built in 1830, just as Brooklyn was starting to build up. The cast-iron porch is later, probably 1850’s. In addition to its early date, the details are first-rate. The carved entry is one of the finest in the city. The mantles inside are all original as is much of the trimwork. it is rare to find a museum-quality house like this in move-in condition, in Brooklyn Heights. Therefore the price. It is not a huge house, five bedrooms, three bathrooms, two parlors, no tenant’s apartment, but it is a comfortable house.
Propertyshark has the building at 2,550 sq ft.
$4,200,000, or $1,650 psf.
PSF number may be a record for a single family home in Brooklyn Heights.
Does this sound right?
I applaud the developer for taking on the renovation and I hope he made a good profit at it. Capitalism and free enterprise wins out again.
Sorry it couldn’t have been higher density, Polemicist. 🙂