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.
303 Henry needs serious work and lacks a lot of details. I saw the place during the winter when it was on the market. Conversion into a 1- or 2-family will require a reconfiguration of the space as well as systems. All that said, $2.1MM translates to about $475psf which is probably an ok deal even though I am not crazy about that corner.
BoerumHill, check you email please.
“I thought about it, but that corner is not great.”
Yes, Ringo, I saw it. Had the same thought as you. No details left. 3-family above — and a dry cleaner with all the chemicals, of all business — carved up into rabbit warrens. And I’d much rather have a garden than parking spaces. Too much work to even attempt to do, and, IMHO, too expensive for what would have to be done.
Ringo, check your email.
261 goes over to Joralemon. 2.1M for 303 Henry is a good price unless the building needs a complete total gut, especially if the cleaners have moved.
123 Boerum Place is a crazy price. Is this the unit with the subterranean bedrooms?
1BBP = a world onto itself that will never be part of a nabe.
1BBP = Dumbo?!
2.1 makes more sense. Think they were asking 2.6 and we’re advertised as motivated. Not sure of condition of place — CGar, did you see it? — but it was really set up for a user/investor kinda thing. I thought about it, but that corner is not great.
Think 261 zone goes over to State.
“I don’t get that henry st sale?”#PHH” is it one unit that sold for $1.6m? or whole property? which would seem really cheap — what is the story.
Also surprised to see zone for PS261 —didn’t know anything on that side of Atlantic wend to 261.”
ACRIS says 2.1 million; Property Type: 1-3 Family with Store
By Pigeon on May 25, 2010 12:26 PM
BoerumHill,
If we add expenses to your annualized rate of return calculation, the rate of return is even lower than 3.2%… perhaps even a negative rate of return.
…
If we add back deductible interest and taxes…
😉
I’ll stick with the simple sale over sale method, tyvm.