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Here are three recent sales listed in yesterday’s NY Post:

CLINTON HILL $1,333,333
439A Waverly Avenue
Restored prewar two-family townhouse, 2,600 square feet, with three-bedroom, 2½-bath owner’s triplex over one-bedroom, one-bath garden-level unit; property features stainless-steel appliances, laundry area, limestone-tiled bath and Jacuzzi. Taxes $2,247. Asking price $1,299,000, on market 28 days. Broker: Rodolfo Lucchese, The Corcoran Group. OHP!

MIDWOOD $1,333,000
1721 Glenwood Road
Prewar seven-bedroom, 3½-bath house, 26-by-42-foot structure on a 75-by-100-foot lot, with stained-glass windows, double parlor, wood-burning fireplace, built-in window seats, built-in bookcases, formal dining room with pocket doors, renovated kitchen with granite countertops, unfinished basement with laundry area, enclosed wraparound porch, driveway and garage. Taxes $5,044. Asking price $1,450,000, on market two weeks. Broker: Alexandra Reddish, Mary Kay Gallagher. HOTD!

BOERUM HILL $499,000
53 Boerum Place
One-bedroom, one-bath condo, 608 square feet, with kitchen with granite countertops, stainless-steel appliances and maple cabinets, central AC and southern exposure; building features doorman, garage, garden and gym. Common charges $497, taxes $28. Asking price $499,000, on market three months. Broker: Margaret Heffernan, The Corcoran Group.
Just Sold [NY Post]


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  1. Also, P.S., isn’t the going rent rate on a one-bedroom floor-through on a Clinton Hill brownstone fairly low? Like somewhere between $1200 and $1800? So the rental wouldn’t make up a huge portion of the mortgage?

  2. Somebody who lives in Clinton Hill please explain to me who is buying these brownstones: Retired couples who sold their UWS apartment they bought in 1986 and made $10 billion? Two-earner lawyers? And if they can afford Clinton Hill, why Clinton Hill? Why not Park Slope or Brooklyn Heights or Carroll Gardens or whatever? Or Bed Stuy? What is the difference?

  3. Let’s just keep watching the market and see what happens. Just about every indicator shows we’ve now turned a corner and, while prices have started to come down (despite the occasional recent anamoly like Waverly), the price erosion will now accelerate.

  4. ks8000, that explains it. i can’t remember what the rental unit looked like, but i recall thinking (in 2006, when it was a bit cheaper) that, though cute and definitely in good condition, it wasn’t a great deal given the location and size. also, the kitchen, while staged well in the photos, wasn’t really built to last. and there were other properties in that same price range ($1.1-$1.3) in boerum hill, west carroll gardens, fort greene and prospect heights for the same size or larger. some of those places needed a bit of work, but were still better deals in our estimation. what’s interesting is that, since then (early 2007), we’ve seen very few attractive houses in that price range or less in any of those neighborhoods.

  5. Hank- very nice area, “gentrified” long ago but that end of south slope/ windsor terrace still retains some of the vibe (in my opinion) that this area had 10/ 15 years ago (you won’t be fighting against as many double-wide strollers). Terrace Bagels and Connecticut Muffin are great, other restaurants continue to press on, with recent new restaurants opening. Close to the park etc. Just don’t know how many “private homes” are available to rent in that area.