Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $2,975,000 22 Sidney Place GMAP A House of the Day back in November, this 17-foot-wide home with plenty of original details hit the market at $2,750,000. According to its listing on StreetEasy, this 1-family features “a large, open kitchen with center island,” “a fireplaced reception room,” “a sweeping staircase with original woodwork,”…
1. BROOKLYN HEIGHTS $2,975,000
22 Sidney Place GMAP
A House of the Day back in November, this 17-foot-wide home with plenty of original details hit the market at $2,750,000. According to its listing on StreetEasy, this 1-family features “a large, open kitchen with center island,” “a fireplaced reception room,” “a sweeping staircase with original woodwork,” “a butler’s pantry with wet bar and a working dumbwaiter,” and its “spacious dining room is also warmed by a fireplace and overlooks the leafy garden through a large window and door.” Average Reader Appraisal was $2,457,326. Entered into contract on 1/4/10; closed on 4/29/10; deed recorded on 5/6/10.
2. DYKER HEIGHTS $1,685,000
1127 85th Street GMAP
This brick and stone 1-family home is located close to the Dyker Heights golf course. According to its listing on StreetEasy, “It has 5 bedrooms and 4 bathrooms, hardwood floors, central air conditioning, and a wood burning fireplace… This home is nicely elevated allowing stunning views of the Verrazano Bridge… and there is a heated in-ground swimming pool in the secluded backyard. The large garage and private driveway allow parking for two or more cars.” Entered into contract on 4/19/10; closed on 4/19/10; deed recorded on 5/4/10.
3. BERGEN BEACH $1,480,000
2553 East 64th Street GMAP
This 1-family 1,869-sf townhouse sold for $795,000 in 2006, according to StreetEasy. Entered into contract on 2/5/10; closed on 4/20/10; deed recorded on 5/4/10.
4. BOERUM HILL $1,466,000
226 Wyckoff Street GMAP
A House of the Day back in January, this legal 2-family is configured into a 1-family. It has lots of original details and a newly renovated kitchen. Hit the market at $1,395,000 and Average Reader Appraisal was $1,140,086. Entered into contract on 2/16/10; closed on 4/20/10; deed recorded on 5/4/10.
5. PARK SLOPE $1,400,000
398 4th Street GMAP
According to PropertyShark, this 3,620-sf, 3-family brick townhouse hasn’t changed hands since 1991. Entered into contract on 2/3/10; closed on 4/30/10; deed recorded on 5/6/10.
Photos from Property Shark.
Same place as the rest…NYC DOF rolling sales update. It’s just the city’s assessment data. Not always reliable because they aren’t consistent in how they treat garden levels, attics, etc.
In the case of #47, I see that on Streeteasy it shows 6100 (probably from a broker listing) but if you look at the old Corcoran floorplan the 4670 figure is probably pretty accurate. With attic, it’s 5 floors at approx 20×40, plus 3 floors of 12×20 extension. That’s 4750.
#16 started out in the 4s…and #47 was $5.2M…
NH, where did you pull the sf numbers from? I could have swore 47 was something like 6100.
CGar, there were no houses on Sidney Place “going for well upwards of $4 million 2 years ago.” Maybe houses were asking that much, but they didn’t sell for that. Highest was $3.8 in 2006, and average since then has been $3.0. Here’s the data since 2004 per NYC Finance. I do forgive you for letting the turnover spin your head – literally 1/3 of the houses on this little 1-block-long street have changed hands in the past 6 years (I count 34 houses and 11 sales, not including the second sale for #46 in 2004).
4/29/10 22 Sidney Place $2,750,000 3,400sf
11/9/09 47 Sidney Place $3,310,000 4,670sf
9/21/07 39 Sidney Place $3,150,000 5,155sf
4/23/07 52 Sidney Place $2,625,000 3,957sf
9/29/06 16 Sidney Place $3,800,000 4,637sf
8/28/06 12 Sidney Place $2,700,000 5,678sf
4/4/05 26 Sidney Place $1,955,000 4,580sf
10/14/04 46 Sidney Place $2,200,000 3,444sf
5/26/04 45 Sidney Place $3,300,000 4,646sf
5/20/04 54 Sidney Place $2,100,000 3,700sf
5/6/04 30 Sidney Place $2,600,000 2,800sf
1/8/04 46 Sidney Place $2,350,000 3,444sf
Aha! Comps revised down.
***Bid half off peak comps***
tricks73 has a good catch — Sidney Place is listed as having sold at the ask of $2.75M. Looks like the fat fingers are here, not Wall Street.
antidope,
When it comes to pricing trends, I completely discount everything brokers tell me.
I would have some trust in a broker with whom I had a long standing and trusting relationship, such as in Cgar’s case. That would be different.
I think that tax credit was for up to $800k houses and income level of $225 for married couple…so right – market here not influenced by $8k credit.
i use my head and all resources available to me. including bho and brokers. they get discounted and reaked over of course, but i consider everything. do you totally disregard everything a broker tells you just bc they have an interest to sell something? if so, then you’re probably throwing away useful information.
When I called the prices for Sydney Place and Park Slope “soft,” I overstated my point.
I don’t really think they’re soft, but I do think they’re generally in line with the pricings of the past year.
It’s hard to say, though, really, without knowing more about the homes.
But generally, the prices for those two homes don’t seem particularly bullish, nor bearish.