Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $5,325,000 46 Monroe Place GMAP “Completely renovated two years ago with impeccable taste and remarkable care. A full 25′ wide and 45 ‘ deep on a 122’ lot, this house is perfect in every way. Working fireplaces, central air conditioning, a true chefs kitchen, stunning baths and beautiful detail,” says its Corcoran…

1. BROOKLYN HEIGHTS $5,325,000
46 Monroe Place GMAP
“Completely renovated two years ago with impeccable taste and remarkable care. A full 25′ wide and 45 ‘ deep on a 122’ lot, this house is perfect in every way. Working fireplaces, central air conditioning, a true chefs kitchen, stunning baths and beautiful detail,” says its Corcoran listing. According to PropertyShark, the 4,600-sf, one-family home sold for $3,650,000 in 2006. Entered into contract on 2/26/10; closed on 6/9/10; deed recorded on 6/9/10.
2. BROOKLYN HEIGHTS $2,650,000
8 Grace Court Alley GMAP
This carriage house with its original stables intact was a House of the Day in April and quickly went into contract. Asking price was $2,950,000 and Average Reader Appraisal was $2,674,762. Entered into contract on 5/27/10; closed on 6/7/10; deed recorded on 6/18/10.
3. PARK SLOPE $2,250,000
417 3rd Street GMAP
According to PropertyShark, this 5,208-sf building is 4 stories tall and has 4 residential units. Entered into contract on 4/14/10; closed on 6/10/10; deed recorded on 6/17/10.
4. BROOKLYN HEIGHTS $2,160,000
360 Furman Street, unit 216 GMAP
Neither StreetEasy nor PropertyShark has much info on this condo in One Brooklyn Bridge Park. Entered into contract on 4/22/10; closed on 5/18/10; deed recorded on 6/16/10.
5. CARROLL GARDENS $1,426,000
43 3rd Street GMAP
A House of the Day back in March, this 3-story, 2 family home is “Currently set up as a parlor floor and garden level owner’s duplex with a large back yard and a 2nd floor rental,” according to its listing on StreetEasy. Asking price was $1,390,000 and Average Reader Appraisal was $1,193,948. Entered into contract on 4/20/10; closed on 6/4/10; deed recorded on 6/16/10.
Photos from PropertyShark and Corcoran.
Um…I think that’s the problem. Not all inventory is listed.
***Bid half off peak comps***
Then it’s not inventory.
Actually, the market has gone UP. You know not of what you speaketh.
“I know about exactly what I may lose if I sold right now. It isn’t that much at all.”
And I know exactly what MORE you’ll lose if you DON’T sell right now. -37.5%.
***Bid half off peak comps***
So wait, what’s the “peak comp” for the 3rd Street house?
“As far as I can see…”
Um…I think that’s the problem. Not all inventory is listed.
***Bid half off peak comps***
No denial here. I know about exactly what I may lose if I sold right now. It isn’t that much at all.
As far as I can see, there’s only one (yes, one) comparable house for sale in Stuy heights….163 Bainbridge.
The market at large is “right” and cracks (capital market volatility, talks of a jumpstart in Fed MBS purchases, Alan Greecespan, etc) are a propagating. Repointing (borrowing, spending, lying about balance sheets) has surpassed it’s effectiveness.
***Bid half off peak comps***
MM = Montrose Morris. Miss Muffet doesn’t deserve an acronym.
“Denial is not just a river in Egypt”
It’s also a river in Bed Stuy.
***Bid half off peak comps***
I thought the carriage house would sell for more. But it probably was an all-cash deal, ten days from contract to close.