Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $4,575,000 259 Henry Street GMAP All five of this week’s biggest sales are located in Brooklyn Heights, and this five-story, one-family 1833 townhouse tops the list. Its listing on StreetEasy promises “dark stained hard wood floors, intricate moldings, sophisticated oak stained cabinets and black marble hearth surrounds… roomy and well proportioned double…
1. BROOKLYN HEIGHTS $4,575,000
259 Henry Street GMAP
All five of this week’s biggest sales are located in Brooklyn Heights, and this five-story, one-family 1833 townhouse tops the list. Its listing on StreetEasy promises “dark stained hard wood floors, intricate moldings, sophisticated oak stained cabinets and black marble hearth surrounds… roomy and well proportioned double parlors, a stately dining room with Juliet balconies, smoking balcony, dumbwaiter and vault.” It was listed at $5,250,000 in March, and when it was our House of the Day, the Average Reader Appraisal was $4,315,716. Entered into contract on 3/8/10; closed on 4/15/10; deed recorded on 4/23/10.
2. BROOKLYN HEIGHTS $2,963,107
360 Furman Street, #1125 + parking spot GMAP
The first of three One Brooklyn Bridge Park condos to make this week’s biggest sales, the mysterious #1125 doesn’t have any info listed on StreetEasy or PropertyShark. Entered into contract on 2/16/10; closed on 4/14/10; deed recorded on 4/21/10.
3. BROOKLYN HEIGHTS $2,736,546
360 Furman Street, #919 + parking spot GMAP
This 2,295-sf condo with 4 bedrooms and 3 bathrooms is another sale at One Brooklyn Bridge Park. Its listing on StreetEasy says it hit the market at $3,075,000. Entered into contract on 1/29/10; closed on 4/13/10; deed recorded on 4/23/10.
4. BROOKLYN HEIGHTS $2,682,500
182 Clinton Street GMAP
This 3,360-sf one-family townhouse hit the market in November 2007 priced at $4,200,000. After the asking price was reduced twelve times and settled at $2,995,000, it was our House of the Day in August 2009. Our Average Reader Appraisal was $2,598,424. Entered into contract on 1/29/10; closed on 4/6/10; deed recorded on 4/21/10.
5. BROOKLYN HEIGHTS $2,235,058
360 Furman Street, #619 GMAP
Yet another 2,295-sf condo with 4 bedrooms and 3 bathrooms at One Brooklyn Bridge Park. According to its listing on StreetEasy, it was priced at $2,825,000. Entered into contract on 3/8/10; closed on 4/12/10; deed recorded on 4/19/10.
Photos from Property Shark.
Because it wasn’t a sale/purchase, it was a payout to leave quickly and stop suing FCR as an individual. They’re knocking down his building.
Why isn’t Dan Goldstein’s place listed?
BHO I think this house market is going to look alot more like the 70’s and early 80’s than the GD era…. Whether or not the market goes back down doesn’t matter.. What matters is that you get a great deal on a foreclosure right now…..I just bid less than half price of what a home sold for in 2007 on a foreclosure.. I have a feeling I will get it too…
But BHO, there is no data in C/S that can distinguish noise from a bottom until after the fact. Therefore by using other data points/information/best guesses to inform your reading, you are in fact saying that C/S is an unreliable stand-alone metric. Correct?
Well be rude=antidope!!
Antidumb stick with one sockpuppet, Mkay???
The What
Someday this war is gonna end..
No, squaredrive, my view on its reliability has not changed. There’s just noise along the way like when the DJIA crashed from 1929 to 1932. It was like a local subway train – multiple stops/false bottoms along the way due to government intervention. Same thing today (at least a double dip).
I’m only hedging against the “noise” as described above.
***Bid half off peak comps***
This is typical of trolls like BHO & the What.
1842 – NY Metro index up +200% peak to trough. Relevant on the way up, relevant on the way down (I have to repeat this over and over again). No matter the unit type, the price dynamics are the same. Cheap EZ credit.
be rude – Very good. You’re right. I didn’t count on midterm interference (a double or multi-dip) by government price-fixing/backstops in my prediction (as antidope has pointed out I think last month). I based it on CS data from the 80’s/90’s (single dip). I’ll be the first to tell you that I’m far from a genius. But a further collapse in prices is just so obvious to me. I told you before about blind squirels and broken clocks. Those anologies apply only over multiple boom/bust cycles. We’re still in the same bear market so my prediction hasn’t failed (nor succeeded) yet. Being right about a prediction might not mean much to you (means enough as I have certainly commanded your attention) but it does to those of us who stand to save hundreds of thousands of dollars because we were patient and didn’t follow the herd. The avoidance of depreciation more than pays for rent. More money down on a cheaper house. Higher rates? Same monthly payment or less. A valid opinion does not require a derivative although opportunity cost is risked in the miracle event that prices take off again.
Real talk is expensive if you ignore it.
***Bid half off peak comps***
BHO you have continuously defined C/S as the metric.
“I’ll be “happy” (aka bullish) when Case-Shiller YOY gets out of the red.”
You set up that metric, so if you are now hedging, are you saying that C/S is not a reliable metric?