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.
From what I’ve seen, credit has unlocked, and the price increases are purely low-interest rate and credit-driven.
Given the unemployment rate, coming tax increases (esp Capital Gains!), and coming interest rate hikes, I’m less optimistic than the buyers here.
Anecdotally, re the market being up, my jaw is on the floor at the prices that the houses for sale in my neck of the woods are getting. 83 Downing went over ask, and I thought the ask was too high.
I don’t know Maly. I think that is a pretty good price for Boerum Hill and a sweet little house. Location is not super prime but the price reflects that but its not a bad location either.
I still dislike that Wyckoff house. I can’t believe people paid so much for such a mediocre location to boot. I do see baffling trading prices often enough.
On the other, not surprised about Sydney Place. The seller had priced it very well.
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…
4th street is complete gut reno, with limited but some details left. For example the extension is a complete redo. Some windows to the back were broken when we saw it last November. AFAIK 1.4 was latest ask after it fell through at 1.6
That’s a very low price for the Park Slope home… a beautiful four-story in a prime location. Anyone know the scoop?
My man Pete knows stuff…from the Wyckoff HotD thread:\
By Petebklyn on January 25, 2010 2:13 PM
…
‘This building is a good $300 overpriced’..Granted. $1,394,700 is probably right.
…
Ha!
So much for the theory that the widget is getting more accurate. Widget x 1.2? Widget x 1.37??? I guess this is just more “proof” that every sale is an outlier because the widget, as we all know, is wiser than the market.