Recently Sold in Brooklyn
PARK SLOPE $1,750,000 462 Fifth Street GMAP 4-family, 4-story brownstone; 2 bedrooms in three units; 1 bedroom in other unit; dining area, eat-in kitchen, 1 bath, hardwood floors in each; rear deck; 20-by-100-ft. lot; taxes $4,100; listed at $1.8 million, 1 week on market. Broker: Aguayo & Huebener. PROSPECT HEIGHTS $355,000 61 Eastern Parkway GMAP…
PARK SLOPE $1,750,000
462 Fifth Street GMAP
4-family, 4-story brownstone; 2 bedrooms in three units; 1 bedroom in other unit; dining area, eat-in kitchen, 1 bath, hardwood floors in each; rear deck; 20-by-100-ft. lot; taxes $4,100; listed at $1.8 million, 1 week on market. Broker: Aguayo & Huebener.
PROSPECT HEIGHTS $355,000
61 Eastern Parkway GMAP
1-bedroom, 1-bath, 695-sq.ft. co-op in a prewar building; 24-hour doormen; renovated kitchen and bath, high ceilings, parquet floors, original moldings and detail; maintenance $625, 31% tax deductible; listed at $375,000, 10 weeks on market. Broker: Brooklyn Properties of 7th Avenue.
First two items from the print edition of today’s New York Times.
BROOKLYN HEIGHTS $314,000
160 Columbia Heights GMAP
Studio loft co-op, 550 square feet, with separate kitchen with dishwasher, hardwood floors and Brooklyn Bridge and city views; building features doorman, laundry, storage and bike room. Maintenance $585. Asking price $329,000, on market one day. Broker: Danielle Mosse, Brooklyn Heights Real Estate
Just Sold! [NY Post]
hey anon 13:34 what great deal did you end up getting?
I only ask because you seem so well informed as to the true market prices in relation to the state of the housing market
The people posting above are absolutely correct – this house was on the market for several months and was price-chopped at least twice. Some friends of ours were bidding on this house, and lost out to a young person whose parents bought the house for her. Nice parents. Right now the entire front facade and stoop are being redone, there’s been a lot of work on this house going on all through summer.
Re: the Columbia Street place – “on the market one day” and went for $15 K below asking. Sure.
I know that for the Times the “time on market” number is taken from time the price was last adjusted. So, according to their rules, if you had it on the market for 5 years at 2mm, then reduced to 1.8 and sold in a week, the “time on market” would be one week. And I’m sure brokers take advantage and skim the details a bit.
House was on the market for well over 8 months, and started out at 2.0 million. Brooklyn Properties had it originally, then A&H had it for a least three months. Brokers are definitely not telling the truth.
The actual asking price on 462 8th Street was 1.85 million (Brooklyn Properties listed it previously at 1.8, but A&H never listed below 1.85). My wife and I looked at the house, which had potential, and even made an offer contingent upon the owner making certain repairs, nNamely the front stoop was about to collapse from the inside as the support wall had completely buckled. In addition, some of the stones on the facade were loose and jetting out, also the interior staircase was loose and could become a significant problem. Nice location, good potential, but many liability problems for a property with renters. Owenr denied our offer, and we weren’t willing to chance it. My understanding is the offer that got the house was made a little before the turn in the market (late spring, while sales on houses were slowing, but prices were not changing). Currently, I doubt the house, without any renovations, would go for more than 1.6, and probably even less.
I think that brokers are not telling the truth bout how long places are on the market. That A & H listing was on the site at least a month. They are making it seem like the market is still hot and things are being snapped up. I assume they self-report this stuff so don’t buy it.