Last Week's Biggest Sales
1. PARK SLOPE $2,550,000 418 4th Street GMAP When this 2,748-sf, 2-family brownstone was House of the Day last May, the seller was asking for $2,950,000—after paying $1,865,000 for the place less than a year prior. The renovation didn’t charm us, but according to its listing on StreetEasy, the house’s top-to-bottom update “gracefully combines 19th…
1. PARK SLOPE $2,550,000
418 4th Street GMAP
When this 2,748-sf, 2-family brownstone was House of the Day last May, the seller was asking for $2,950,000—after paying $1,865,000 for the place less than a year prior. The renovation didn’t charm us, but according to its listing on StreetEasy, the house’s top-to-bottom update “gracefully combines 19th century styles with contemporary designs. The garden rental duplex overlooks a magnolia and weeping cherry tree. The upper triplex has 5 bedrooms and 3.5 renovated bathrooms with fine fixtures, custom cabinetry and glass tile.” The Average Reader Appraisal for this place was $2,146,765. Entered into contract on 2/26/10; closed on 3/31/10; deed recorded on 4/8/10.
2. CARROLL GARDENS $2,200,000
28 Second Place GMAP
This brownstone was another House of the Day in July ’08. We noted that it’s 34 feet (and four windows) wide, double the width of many buildings—giving it 5,000 square feet of space, with an additional 3,300 square feet of air rights. We also noted that the asking price was a whopping $3,900,000. (No widget for this oldie HOTD.) Entered into contract on 2/22/10; closed on 3/17/10; deed recorded on 4/9/10.
3. PARK SLOPE $1,800,000
318 First Street GMAP
This 2-family, 2,670-sf Brownstone was yet another House of the Day way back in November ’08, when it was listed at $2,099,000. Its most recent listing on StreetEasy had it priced at $1,875,000. (This one doesn’t have a widget, either.) Entered into contract on 12/8/09; closed on 3/17/10; deed recorded on 4/8/10.
4. BROOKLYN HEIGHTS $1,582,360.50
360 Furman Street, #734 GMAP
This 2,162-sf condo with 2 bedrooms and 2 bathrooms is located in One Brooklyn Bridge Park. According to its listing on StreetEasy, it was priced at $1,875,000. Entered into contract on 1/18/10; closed on 3/25/10; deed recorded on 4/1/10.
5. CARROLL GARDENS $1,360,000
130 Summit Street GMAP
When this 3-family home with lots of charm was House of the Day in October ’09, it was listed at $1,350,000. Seemed like a great deal before we read the fine print: The 3rd floor apartment had a rent-controlled tenant paying $325 a month. Can’t say how the tenant situation panned out, but the building sold for $10K over the asking price—and nearly $260K over the Average Reader Appraisal of $1,101,167. Entered into contract on 1/11/09; closed on 3/29/10; deed recorded on 4/6/10.
Photos from Property Shark.
1st Street went for almost exactly $700/sf, as I guessed. Where’s that douche, Iron Balls?
m4l — right, next Thursday is the 22nd. Right?
I’ll come if I win the lottery, cuz then I’ll be able to buy better seats for the play and I can get them on a different night.
Sorry if this is a silly question but upon looking at the $1,582,360.25, what is the difference between that and the higher closing price on StreetEasy?
tybur, no, gathering on 22nd
By wasder on April 13, 2010 11:39 AM
BH–So basically widget + 20% = gets the deal done
We have worked it out to widget +15% on average I think..
Correct, that was true a year ago. But look at the number of HotD in 2010 that are already in contract (several of which were on the market less than 30 days).
The predictive value of the widget has been pretty poor of late.
From acris, it looks like the person who sold summit street bought 2nd place.
m4l — Is the gathering next Thursday? Cuz I’m going to see a play at BAM. I’m buying lotto tickets tonight, though. Gonna be a billionaire (after savvy investment of my winnings)
Mr. B, I don’t get Summit Street either. Maybe there’s some backstory.
(And, yes, Dave, week after week, each of these sales is aberrational.)
“BROOKLYN HEIGHTS $1,582,360.50”
Sounds like an interesting negotiation. Buyer bids BROOKLYN HEIGHTS $1,582,360.25, seller responds with BROOKLYN HEIGHTS $1,582,360.75 and they settle in the middle.