Last Week's Biggest Sales
1. FORT GREENE $2,800,000 180 Washington Park GMAP A House of the Day back in August, the 22-foot brownstone was owned by Spike Lee in the ’90s and hit the market with a price tag of $2,750,000. The new owner is British painter Chris Ofili, whom you might remember as the guy who offended Rudy…
1. FORT GREENE $2,800,000
180 Washington Park GMAP
A House of the Day back in August, the 22-foot brownstone was owned by Spike Lee in the ’90s and hit the market with a price tag of $2,750,000. The new owner is British painter Chris Ofili, whom you might remember as the guy who offended Rudy Giuliani in 1999 when his Holy Virgin Mary” exhibited in the Brooklyn Museum. The NYT In Transit blog describes the controversial painting as “a black Madonna that included a clump of elephant dung and a background of pornographic images from magazines.” Entered into contract on 11/10/09; closed on 1/14/10; deed recorded on 2/17/10.
2. PARK SLOPE $1,800,000
540 4th Street GMAP
When this limestone row house—filled with original details and located on a park block—was House of the Day back in November, it was listed for $2,000,000. Entered into contract on 1/23/10; closed on 2/8/10; deed recorded on 2/16/10.
3. GRAVESEND $1,800,000
2022 West Street GMAP
According to Prop Shark, this is a 5,670 square-foot 1-family house. Entered into contract on 8/6/09; closed on 2/12/10; deed recorded on 2/19/10.
4. WILLIAMSBURG $1,562,500
156 Bedford Avenue GMAP
This 3-unit building with retail space on the first floor was once home to the Print Shop, which closed in March ’09. It was listed for $1,850,000 on February 4, according to StreetEasy. But according to the deed, it entered into contract on 2/1/09; closed on 2/1/10; deed recorded on 2/19/10.
5. BOERUM HILL $1,400,000
295 Pacific Street GMAP
This four-story, 2,744 square-foot home was House of the Day when it hit the market in January ’09 with a price tag of $1,899,000 — and was named HOTD again in October ’09 when it returned to the market priced at $1,595,000. Entered into contract on 12/15/09; closed on 2/9/10; deed recorded on 2/16/10.
Photo from Property Shark.
I wonder 11217 thinks about these sales.
Could we please stop with this foolishness of comparing the average widget appraisal to the actual selling price of a property?
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no
may be true ds; may not be true; i don’t have the time nor inclination to hunt. i just recall another bear bout of yours wrt the satori, which i believe sold out despite the market and at surprisingly decent prices.
that said, i nailed fourth street at 10% off ask! yippee, do i get an award or something?
have always said mkt for rowhouses is off 10-20% even in prime. new/newish condos off a little more.
not sure that this would have gone for 15% more during peak but def possible.
i have also been saying for a while now that prices are stabilizing since last summer with some indications of an uptick. we won’t know if it sticks til the numbers from the spring start to kick in…
Maly, well said. I agree – both the Fort Greene house and Park Slope houses are beautiful and on great blocks.
> you consistently attack seller’s asking prices.
True, but I am correct more often than not. This time however, as noted, I was under.
The PS house was my favorite ever; and the one on Ft Greene had an amazing location and beautiful details (bath and backyard notwithstanding.)
These prices are about 15% off the peak, and these are great places that found buyers rather quickly. I guess the facts are enough to make everyone unhappy, the bulls don’t have their brownstone immunity, the bears find that there is demand way above the wishful metrics.
well, aesthetic preferences aside, DitmasSnark, limestone is a far more durable stone for external masonry, and will last many, many decades longer than even the best brownstone. Spalling doesn’t really happen to limestone. But I would have thought with a name like yours you’d prefer painted ladies anyhow.
how come the widget doesn’t predict which houses don’t sell?
sorry ds, i don’t think your underpricing is linked to skin color, but rather your position as a potential buyer in the market. you consistently attack seller’s asking prices.
i’m not a hater, I’m a ‘disliker’.