Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,294,038.75 166 Montague Street, #7A GMAP We mentioned a couple of weeks ago that sales were heating up again at the former Franklin Trust building — we’d heard that unit 7A got its full asking price of $1,615,000. Turns out, it sold for more than double that amount! According to its listing…
1. BROOKLYN HEIGHTS $3,294,038.75
166 Montague Street, #7A GMAP
We mentioned a couple of weeks ago that sales were heating up again at the former Franklin Trust building — we’d heard that unit 7A got its full asking price of $1,615,000. Turns out, it sold for more than double that amount! According to its listing on StreetEasy, this 3-bedroom, 2.5-bathroom condo has “high ceilings, over-sized windows, Brazilian cherry hardwood floors, individually controlled heating and air-conditioning, Viking designer kitchen appliances and spa-like baths,” plus a “roof-deck and gym on site.” Sounds nice and all, but what’s going on here? Entered into contract on 2/5/10; closed on 5/18/10; deed recorded on 5/25/10.
2. PARK SLOPE $2,395,000
829 President Street GMAP
This 4-story, 21-foot wide, 5,192-sf brownstone is “Currently used as duplex with 2 rentals,” says its listing on StreetEasy. It has “hardwood floors, high plaster ceilings and decorative fireplaces throughout -all in immaculate condition. Open floor plan and lovely landscaped garden with screen enclosed patio on the garden floor of the lower duplex.” Entered into contract on 3/3/10; closed on 4/28/10; deed recorded on 5/25/10
3. BOROUGH PARK $1,525,000
1556 54th Street GMAP
This 3-story, 3-unit building has 4,374-sf, including a garage, according to PropertyShark. Entered into contract on 2/17/10; closed on 5/21/10; deed recorded on 5/26/10
4. MIDWOOD $1,500,000
1082 East 23rd Street GMAP
This 2-story, 3,049-sf, 1-family home sold for exactly the same price back in 2006, according to StreetEasy. Entered into contract on 3/11/10; closed on 5/17/10; deed recorded on 5/26/10.
5. BROOKLYN HEIGHTS $1,390,000
360 Furman Street, #640 GMAP
This 3-bedroom, 2-bathroom, 1,709-sf condo at One Brooklyn Bridge Park was listed at $1,375,000 in February, says StreetEasy. Entered into contract on 4/13/10; closed on 5/13/10; deed recorded on 5/24/10.
President Street photo from PropertyShark.
The President St house is 21′ wide, and (looking at the floorplan) about 50′ deep; 4 stories then makes 4200 sqft — how do they get to 5192 sqft?
By FlashlightWorthy on June 1, 2010 6:29 PM
6 blocks from the promenade? I don’t think so — try 3 blocks. Clinton to Henry. Henry to Hicks. Hicks to the Water.
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Technically, quite correct. But those are pretty long blocks.
Clinton to Henry is one block on Montague (two if you are on Pierrepont). Henry to Hicks is one block on Montague (two if you are on Love Lane). Hicks to Columbia Heights is one block (two if you are on Clark or Pierrepont). Another block to the prom (but who’s counting).
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And if this is where you’re going to live out your days, what do you care about resale value? 😉
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Do you know the etymology for the word mortgage?
From mortus “dead” + gage “pledge;” so called because the deal dies either when the debt is paid or when payment fails.
IOW, it’s a death pledge.
😉
Flashlight,
Good point.
Slick, my mother in law lived for a year in the building above Garden of Eden. It’s a rental, not a co-op or condo, and is far from a luxury building. There are cheap finishes throughout the apartments (formica counters in the kitchens and baths, for instance). She only rented because it was handicapped accessible.
Last I heard, many of the units were being rented as temporary housing for corporate relocations and by insurance companies for people whose homes have been rendered unlivable by fire or flood.
The only thing great about her apartment was the view, but that wasn’t enough to keep her once her year’s lease was up and she could find an accessible rental in a quieter and more attractive location. And there are lots of those in BH.
I agree with all the posters who ask why would you spend that kind of money at Montague and Clinton when you could live at 1 Pierrepont or someplace of that ilk.
Man, I can’t believe that bastard outbid me by 75 cents for the Montague place! Dammit!
I know of a few couples that are *selling* their brownstones in Brooklyn Heights and moving to combo-floor throughs in this building. Likely one of the couples is the couple buying up the 7th floor.
Why would they do this? Brownstones take a lot of time and money to maintain. An apartment takes less. And brownstones have a LOT of stairs. These apartments have none. 🙂
Why this location? A steady stream of cabs passing your front door is a big benefit to someone who can afford a $4MM+ apartment.
6 blocks from the promenade? I don’t think so — try 3 blocks. Clinton to Henry. Henry to Hicks. Hicks to the Water.
And if this is where you’re going to live out your days, what do you care about resale value? 😉
theres another nice building on top of the garden of eden so there is some precedent for luxury living on montague.
I’m not sure I would write the check if it came down to it, but the location is extremely convenient. I think i’d have tried to get a volume discount or something.
Why is 1BBP being listed as DUMBO? I’ve seen it listed as such the past couple weeks in these “biggest sales” posts. A mistake or intentional?
*no one* except of course the one idiot in the world that bought it this week.
not for me but doesnt it seem a little ridiculous to repeatedly haul out the *one stupid buyer* argument?