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.
looking at bldg permits…does not seem the renovation was that recent
What’s been in a 30 year bull market here, joe??
————–
u.s. stock markets. and, i’d add credit in general as well.
LOL, not even based on Kondratieff waves has anything been in a bull market for 30 years!!!!
You must have missed Oct ’87, the 1990 selloff and the 1994-1995 flat market and the whole 2000-2003 sell off!!!!
The S&P500 is at the same level it was in 1998, 2002-2003 and Oct 2008!!!!
the quote is from the sopranos, no?
Posted by: joeingowanus at March 2, 2010 1:34 PM
Ding, ding, ding, we have a winner.
243 Kane St on same block was also a gut reno but much bigger and sold for $3.2mm in Jan after sitting on the market (at much higher ask) for 2+ years. Meantime the even bigger renovated 47 Sidney Pl & 85 State St sold for $3.3mm and $3.4mm respectively, so on the basis of a thin market it appears that Cobble Hill is commanding a premium over the Heights.
Wyckoff doesn’t cross Court St so suspect BR means Warren.
What’s been in a 30 year bull market here, joe??
————–
u.s. stock markets. and, i’d add credit in general as well.
the quote is from the sopranos, no?
Not even close, DCB!
What’s been in a 30 year bull market here, joe?? I don’t think housing prices started to rise here before 1997..that’s 13 years ago.
Most people who actively manage their investments have surpassed their prior (2008) high water marke in their portfolios.
So where is your cash invested??? The bank (stupid)? 3-5 Year treasuries (risky here)? Somewhwere else???
I’m not saying cash is stupid to hold. Perhaps you don’t spend a lot of time on your investments (many people don’t have the time to do so) and; you have said that you’re conservative.
But like be rude says, bottoms and turning points don’t last two years. In fact, when the S&P bottomed, it was only there for 2-3 days and then went up faster than it went down. It went from 800 to 666 (!) in 17 days and it only took 12 days to get back to 800 from the 666 bottom.
Otherwise, Kane St is a really nice renovation (not worth $600k) and I suspect the buyers have found themselves a wonderful place to live in for a long time!! 🙂
DIBS, just a guess: Peter Lynch?
Pigeon,
No smudge doesn’t. The point originally made about the Kane Street house was how it did relative to its own earlier purchase — a comment on price over time. It doesn’t matter for that purpose that it was the most expensive sale in BK last week. If it was a $1 m house and sold 10% over 2007, that would make the same point and would not be the kind of outlier smudge suggests.
The only relevant “outlier” point to the question of market direction is one to be made from comps, not with respect to other houses sold at different prices in the same week.