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.
“Cgar, your broker said that about brooklyn heights or all brownstone brooklyn? I was shocked by how many people were at the Pierrepont wreck open house.
I may have missed my chance to trade up…”
I’ve known my broker 15+ years, and I generally trust her. I told her I don’t think the market is quite as strong as she and other brokers do, but agree that it’s stabilized, and is strong for good properties / good locations. I also think the $8k tax credit finally expiring has something to do with it, though I doubt that’s much of a factor for these particular properties. ^^^
I’m not sure Sydney Place is a soft price, but it’s not strong either. Yes, it’s only 17′, but houses on Sydney were going for well upwards of $4 million 2 years ago. And every one who buys a house on Sydney place then turns around and spends another $1-2 million gutting the place — I count 6 houses on Sydney gutted within the past 2 years or in mid-gut now.
BH, I don’t think you (or I) are priced out of trading up (yet). I’m ready to move quickly when I find the right property. Of those I lost or passed up in the past 18 months, there’s only one I regret not bidding on.
Acris shows 22 Sidney at $2.75mil
Antidope,
You believe brokers?
soft? are you nuts? these prices are soft like a two by four to the head rather than an i-beam…
1.4 mio for the honor to pour another 3/4 mio into it to make it your own special manse on a mediocre block of ps? 3 mio soft??? maybe in manhattan, but not here, not now.
im with the broker who says up ten since last year this time.
if anything this is hinting that the oven is on pre-heat and only question to me is if this is set to broil again?
Close to $3mln for a 17 footer in Bklyn Hts is not soft. It may have been set up nicely, but it’s still a 17 footer. Also, I did not see full pics of kitchen and bathrooms, which suggests that they are in need of serious updating. In all, that was a strong price.
Mopar,
What makes you say interest rates are going lower?
Pigeon –
You really think that 22 Sidney Pl going $225K over ask is soft?
47 Sidney Pl went for $540 psf last fall; this one went for $875 psf.
I miss the “under $1 million” feature.
It was more interesting to have both extremes of the market.
“severe supply shortage”
Engineered. Rock out, bulls.
***Bid half off peak comps***