Last Week's Biggest Sales
1. GRAVESEND $3,750,000 1954 East 4th Street GMAP For the second week in a row, Gravesend gets the biggest sale. This 1,972-sf home has 4 bedrooms and 2 bathrooms, and according to StreetEasy, it was listed at $5,400,000 in May ’09. Entered into contract on 11/20/09; closed on 3/2/10; deed recorded on 3/17/10. 2. WILLIAMSBURG…
1. GRAVESEND $3,750,000
1954 East 4th Street GMAP
For the second week in a row, Gravesend gets the biggest sale. This 1,972-sf home has 4 bedrooms and 2 bathrooms, and according to StreetEasy, it was listed at $5,400,000 in May ’09. Entered into contract on 11/20/09; closed on 3/2/10; deed recorded on 3/17/10.
2. WILLIAMSBURG $1,527,375
1 Northside Piers #PH-1 GMAP
This 3-bedroom, 3.5-bath, 1,877-sf condo at Northside Piers was listed at at $1,799,990 in September ’09, says StreetEasy. Entered into contract on 11/7/09; closed on 2/25/10; deed recorded on 3/16/10.
3. BROOKLYN HEIGHTS $1,425,550
360 Furman Street # 212 GMAP
Not much info on this condo except that it’s located in One Brooklyn Bridge Park, according StreetEasy. Entered into contract on 12/21/09; closed on 2/25/10; deed recorded on 3/16/10.
4. SOUTH SLOPE $1,250,000
353A 14th Street GMAP
According to its listing, this 1-family home “has been PARTIALLY renovated and restored but WILL require some TLC from its new owner. It is an unbelievable opportunity to create a dream kitchen off the FANTASTIC ‘greenhouse’ dining room extension on the lower level.” StreetEasy says it was listed at $1,200,000. Entered into contract on 1/13/10; closed on 3/4/10; deed recorded on 3/18/10.
5. BROOKLYN HEIGHTS $1,188,819.09
360 Furman Street #1219 + parking space GMAP
Another sale at One Brooklyn Bridge Park. Entered into contract on 11/12/09; closed on 3/12/10; deed recorded on 3/17/10.
Photos from Property Shark and StreetEasy.
was northside piers considered to be the mid-construction “nightmare.” which project is that antidope – One Brooklyn? northside piers is not mid-construction. building has been finished for awhile. owners and renters in for several months? maybe a year? isn’t one Brooklyn finished too?
neither buildings were nightmare construction projects were they? northside piers one went up in a timely/professional manner and pier was actually completed prior to the building. if you haven’t been to the pier – it’s great and has a massive stunning sculpture.
I was on a home design website the other day, and they did a nice piece on a kosher kitchen, highlighting how well the designer had integrated features like a second dishwasher, warming tray, extra cabinets, etc.
One of the commenters said, “I see why you’d do it for quality of life, but wouldn’t making your kitchen so specialized like this hurt the resale value of your home?”
I knew immediately that this person had not heard of Gravesend.
Loved the quote on their aspirations for their kids:
“100% American in Manhattan, 100% Syrian in Brooklyn”
That’s the article. They stretch the area in the first paragraph. The R through T is where the prime Syrian neighborhood is where these houses go for 3+ mil. The other stretch of Ocean Parkway and side streets are for less richer members of the community. I think most of the prominent shuls are in the Ave. T area (one on Ocean PKWY and one on East 8th).
“Joe, those hoods will pull back big.”
All ‘hoods will pull back big. The march lows and slight bumps upward were brilliantly engineered by Washington/FEDS through suspension of mark-to-market accounting, toxic MBS purchases, irresponsible mortgage purchases through bailed out Fannie/Freddie, foreclosure halts, the FHA gravytrain, etc etc etc.
None of the above can last. When they cease, shit will hit the fan. It’ll get worse before it gets better. Unless the gov can somehow put on steel toe boots and stub the can down the road a few more inches (delta L is getting infinitesminal), I suspect this summer will get interesting.
Big $ in Brooklyn (not as big as it used to be unless you are Bloomberg and a few others as DOW still -25% from peak) is now eying Manhattan again. Look at today’s HOTD in Brooklyn Heights: a former Park Slope ask/comp. This trend will continue.
***Bid half off peak comps***
Yeah, your post jogged my memory…I have read articles about that enclave. Also, pretty sure I got dragged to a blowout wedding there back around 2001.
Very interesting NYT article on the SY’s:
http://bk.ly/j2V
I rescind my earlier comments, which were clearly idiotic.
🙂
So basically…tulip mania all over again.
Posted by: BoerumHill at March 23, 2010 1:15 PM
Except with no collapse in sight. That community has been like that for 100s of years. Just with internet information, it’s been more prominent. This was all done usually low key. Those houses are never listed on MLS, only with local brokers who wont show you the house unless you’re part of the community.
Thanks, Kensingtonian.
So basically…tulip mania all over again.
Joe, those hoods will pull back big. Those hoods is more likely powered up by people whose income didn’t spike that much, over-leveraged, etc. if anyone wants to see more reasonable prices, one should have eyes there. In these premo hoods, many buyers are pretty loaded deep pockets. Many of them based their decision on if they “WANT TO” vs. us regular joes ask “can we afford it”. when one is rich, one can afford to be wrong timing the purchase and say “whatever” when paper loss piles up.