Last Week's Biggest Sales
1. PROSPECT HEIGHTS $2,851,000 1 Grand Army Plaza, #14D GMAP According to StreetEasy, this 2,608-sf condo with 4 bedrooms and 3 bathrooms in the Richard Meier on Prospect Park was priced at $4,400,000 last month. The condo was previously listed at $1,750,000 in 2007, and that old listing said that it has a “large wraparound…

1. PROSPECT HEIGHTS $2,851,000
1 Grand Army Plaza, #14D GMAP
According to StreetEasy, this 2,608-sf condo with 4 bedrooms and 3 bathrooms in the Richard Meier on Prospect Park was priced at $4,400,000 last month. The condo was previously listed at $1,750,000 in 2007, and that old listing said that it has a “large wraparound balcony off the living/dining room offering dramatic views of Grand Army Plaza and the Manhattan Harbor… floor-to-ceiling wall-to-wall glass, custom designed Meier millwork, [and] rift cut Oak floors.” Entered into contract on 3/17/10; closed on 4/9/10; deed recorded on 5/19/10.
2. DUMBO $2,291,062.50
360 Furman Street, #819 GMAP
There isn’t a listing associated with this condo on StreetEasy, but it’s located in One Brooklyn Bridge Park and it’s probably safe to assume that the space is comparable to its upstairs neighbor, unit 919, a 2,295-sf, 4-bedroom, 3-bathroom condo that sold for $3,075,000 last month. Entered into contract on 1/13/10; closed on 5/14/10; deed recorded on 5/20/10.
3. BROOKLYN HEIGHTS $1,600,000, #PHH
303 Henry Street GMAP
According to PropertyShark, this 4,400-sf 3-family building has 1,200-sf of commercial space. The retail unit is occupied by Heights Cleaners. Entered into contract on 2/23/10; closed on 5/10/10; deed recorded on 5/18/10
4. BOERUM HILL $1,675,000
123 Boerum Place, #G2 + parking space GMAP
This 2,142-sf duplex condo has a 500-sf private south-facing garden, 4 bedrooms, 3 bathrooms, 2 living rooms, a laundry room, a home office, and its own parking garage. It was listed at $1,795,000, according to StreetEasy. Entered into contract on 3/2/10; closed on 5/4/10; deed recorded on 5/20/10.
5. BRIGHTON BEACH $1,320,000
65 Oceana Drive East, #4D + parking space GMAP
This 1,756-sf condo and parking space is located in the Oceana on Brighton Beach. There isn’t too much info on StreetEasy, but the model apartment photos on the Oceana website offer a glimpse of what the interior and ocean views might look like. Entered into contract on 4/7/10; closed on 5/20/10; deed recorded on 5/21/10.
Photos from Richard Meier on Prospect Park and One Brooklyn Bridge Park.
Yet another top seller in the Meier building, a building that so many on this board predicted would flop. How could so many people be so wrong? I thought you guys were such experts in the field of real estate.
“Come to the dark side, CGar. We have cookies.”
“1BBP = a world onto itself that will never be part of a nabe”
BoerumHill, remind me to tell you that I did a complete 180 on 1BBP on Sunday!!
By Petebklyn on May 25, 2010 2:11 PM
all this calc. of annualized rate of return sounds stupid. Buying a home is not…(yada yada yada)
…
Understood (at least by me); I only threw that out there to show why the ask (& closing) price wasn’t completely insane.
By CGar on May 25, 2010 2:02 PM
BoerumHill, check you email please.
…
Co-op board interview tonight.
Not to mention that the previous Meier listing referenced (at $1.75mil) was for a 1,137sqft unit – ie, pre-combination
Material errors in the copy again this week – as was pointed out above 303 Henry St went for $2.1mil not $1.6mil.
“No details left. 3-family above — and a dry cleaner with all the chemicals”
Did they do the cleaning on-site? I thought it was just a drop shop.
all this calc. of annualized rate of return sounds stupid. Buying a home is not buying stock or putting money in CD.
If that is reason buying, then going to disappointed.
You are buying for usage.
If want to do analysis……calculate what they spent for closings, interest, taxes, maint.,diff. in downpayment and what end up after, etc for the time they occupied the dwelling and divide by # of months lived there. That would be what cost them monthly —compare to what renting would have cost.
This notion of buy price vs. sale price too simplistic.