Last Week's Biggest Sales
1. COBBLE HILL $3,050,000 227 Kane Street GMAP This 4-bedroom, 3 1/2-bathroom landmarked brownstone sold for $2,429,000 back in 2007. The listing says the building has a “huge country kitchen,” central air, 2 working fireplaces, and 3 decorative fireplaces: “The just-renovated townhome has everything today’s home buyer could want, enveloped in the beautiful flooring, plaster…
1. COBBLE HILL $3,050,000
227 Kane Street GMAP
This 4-bedroom, 3 1/2-bathroom landmarked brownstone sold for $2,429,000 back in 2007. The listing says the building has a “huge country kitchen,” central air, 2 working fireplaces, and 3 decorative fireplaces: “The just-renovated townhome has everything today’s home buyer could want, enveloped in the beautiful flooring, plaster and crown moldings, columns, marble mantles, and extensive details that denote the traditional luxury of an historic brownstone.” Entered into contract on 10/30/09; closed on 2/4/10; deed recorded on 2/23/10.
2. BENSONHURST $1,525,000
7819 Bay Parkway GMAP
Built in 1930, this 1-family with a garage has 2,046-sf residential space and 1,934-sf commercial space, says Property Shark. It appears that the former owner used the commercial space as an ophthalmologist office. Entered into contract on 10/1/09; closed on 2/23/10; deed recorded on 2/16/10.
3. WINDSOR TERRACE $1,300,000.00
536 17th Street GMAP
This brick row house was an Open House Pick early last month, when the asking price was $1,295K. But the listing offers it at $999K and describes it as a 2-family used as a 1-family with “4+ Bedrooms, 2 Baths… Exposed Beam & Brick, Tin Ceilings Red Oak 3″ Plank Floors.” Entered into contract on 12/10/09; closed on 2/11/10; deed recorded on 2/24/10.
4. DITMAS PARK $1,298,000.00
1600 Dorchester Road GMAP
This gorgeous Victorian with a very tasteful pool was a House of the Day back in June, when the asking price was $1,525,000. Entered into contract on 12/3/09; closed on 1/22/10; deed recorded on 2/24/10.
5. MANHATTAN BEACH $1,200,000
64 Amherst Street GMAP
According to PropertyShark, this 1,944-sf 2-family home was built around 1920 and has a garage. Entered into contract on 10/12/09; closed on 2/1/10; deed recorded on 2/24/10.
Photos from Property Shark.
“Last Week’s Biggest Sales” are outliers by definition. That’s why they’re last week’s biggest sales. If there was a feature called “Last Week’s Longest Unsold Listings”, those would be outliers too. It’s really not that hard to understand.
Good point Smudge!
Inflation is another reason these discussions are usually facile and pointless.
Are you talking to me, Smudge??? Define “suckered.” If I had to sell now I’d lose maybe $100-150,000, not a lot in the grand scheme of things since to have rented an equivalent apartment I will have been out $75-100,000.
But you know the market better than I do. LOL
>> Of course anything that sells is an “outlier.”
“Last Week’s Biggest Sales” are outliers by definition. That’s why they’re last week’s biggest sales. If there was a feature called “Last Week’s Longest Unsold Listings”, those would be outliers too. It’s really not that hard to understand.
Regardless, Cobble Hill has held up very well since 2007, as opposed to many other parts of the city like, say, Bed-Stuy, where anyone who bought in 2007 got suckered.
Hopefully for their sake they have the means to have bought this kind of house and are planning to live in it and not treat it as an investment.
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Yes hopefully. Though, housing has been treated as a vehicle to riches for too long now. The habit is ingrained and some people will get hurt bad.
The crown moldings in the kane Street house are the same as those that were in the dilapidated frame I looked at on the corner of Adelphi & Lafayette…very interesting “carved” relief 3-D plasterwork. I’ve only seen them a few times.
The link for the listing on 17th street is 574, while the sale is 536. Not the same house.
You must be shorting more and more of the market every month it goes up!!
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In cash predominantly for 2 years so far. Will go short at some point. Not yet though. Playing it safe has paid off so far.
Man DIBS, you are treading on John Mayer territory there–haha.
Perhaps its an observation effect. No way to know whether prices have come to the widget or the widget has come to the prices. Constant revelations of the widget constant may have lowballers estimating more cautiously. What are the comps for the DP house?