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.
Pete, if you think political districts are crazy, just check out the school zones.
http://maps.nycboe.net/index.asp
make sure to tick the boxes for type of school and District Boundary – School Districts
If the 2 units at 1 Brooklyn Bridge Park are similar, prices are really all over the place. An $800,000 discount from the ninth to the eighth floor is crazy.
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.
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.
By Petebklyn on May 25, 2010 11:44 AM
even I thought the Boerum place would never go quickly or near that price. I was wrong.
…
Admittedly a $1.795M ask for a Boerum Hill condo is not something we are accustomed to seeing, but another way to look at it:
123 Boerum Pl (aka 40 Dean) #G2:
resale April 2005 – 1,424,532
resale May 2010 – 1,675,000
Annualized rate of return = 3.23656%
303 Henry is the bldg that was for sale at Henry/State with the cleaners on the ground level? 1.6? That seems like a deal to me. Has parking for 3? 4? cars!
jessi, I was just going to post that, though Heights Cleaners is still open on Montague. Building is a real mess, and needs a ton of work.
even I thought the Boerum place would never go quickly or near that price. I was wrong.
Heights Cleaners is no longer at 303 Henry.